Investors Commit $10 billion for Controversial Uganda Oil Project
February 6th, 2022
Via Oil and Gas Daily, a report on a planned large investment in Uganda’s oil sector: Chinese and French oil giants finally sealed a $10-billion deal Tuesday to unlock Uganda’s energy resources and build a vast regional oil pipeline, a mega-project that has incensed environmental groups. The so-called Final Investment Decision should pave the way […]
Read more »Venezuela: Decline Of An Oil Giant
January 14th, 2022
Via Oil & Gas Daily, an article on the deterioration of Venezuela’s petroleum sector: Leaks, rusted pipes, pieces of broken equipment scattered about and staircases leading nowhere: Lake Maracaibo’s oil field is a metaphor for Venezuela’s once-flourishing petroleum industry that is now on its knees. More than a century ago, the Maracaibo basin in northwestern […]
Read more »China sees Opportunity as Venezuela’s Oil Industry hits Rock Bottom
September 12th, 2021
Via Belt and Road News, a look at Chinese interest in Venezuela’s petroleum industry: Venezuela’s near-collapse and strict U.S. sanctions are creating an opportunity for Russia, Iran and China to strengthen their presence in Latin America, a region that for decades has been under U.S. hegemony. While Russia and Iran have, to an extent, gained […]
Read more »China’s Gas Shortage Boosts Central Asia’s Role
September 11th, 2021
Via Eurasia Review, an article on how Central Asia producers may help solve China’s gas shortage: China’s growing demand for natural gas has been driving closer engagement with Turkmenistan, renewing questions about Russia’s role in Central Asia, once regarded as Moscow’s backyard. Soaring gas prices appear to be the main motivator behind China’s agreement to […]
Read more »Lukoil Retracts Decision to Sell Stake in Iraq’s Field
August 1st, 2021
Via Bloomberg, an article on Lukoil’s recent decision not to sell its stake in West Qurna-2 field in the south to Chinese companies: Russia’s Lukoil PJSC is retracting its decision to sell its stake in West Qurna-2 field in the south to Chinese companies, according to Iraqi state-run newspaper Al-Sabah. Iraq’s oil ministry has been in talks […]
Read more »Sino-French African Pipeline Deal
April 13th, 2021
Via Oil and Gas Daily, a report on a recently announced Sino-French African pipeline deal: French green groups on Monday denounced a newly inked multi-national accord to build a massive crude oil pipeline in East Africa, warning of huge environmental risks. The Ugandan and Tanzanian governments joined oil companies Total of France and China’s CNOOC […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.