National Iranian Oil Company Signs Contracts Worth $1.2B
January 13th, 2021
Via The Financial Tribune, a report on contracts recently signed by the National Iranian Oil Company to develop eight fields: The National Iranian South Oil Company, the Iranian Offshore Oil Company and Iran Central Oil Fields Company — all subsidiaries of the National Iranian Oil Company – signed contracts with domestic oil and gas firms […]
Read more »The World’s Largest State-Owned Oil Companies
January 12th, 2021
Via Visual Capitalist, a look at the world’s largest state-owned oil companies: Oil is one of the world’s most important natural resources, playing a critical role in everything from transportation fuels to cosmetics. For this reason, many governments choose to nationalize their supply of oil. This gives them a greater degree of control over their oil […]
Read more »Death Knell Tolls for Indonesia’s Oil and Gas
January 9th, 2021
Via The Asia Times, a report on how Indonesia lacks the foreign investment and domestic expertise needed to keep its fast-declining oil and gas industry afloat: With Chevron and perhaps ExxonMobil heading for the exits, active exploration at a virtual standstill and production on an increasingly downward spiral, Indonesia’s government needs to conduct radical regulatory […]
Read more »The Secret Scheme To Skim Millions Off Central Asia’s Pipeline Megaproject
December 4th, 2020
Courtesy of The Financial Times, an insightful look at a secret scheme to skim millions off central Asia’s pipeline megaproject: A Gazprom director profited from a secret scheme linked to the construction of a multibillion-dollar gas pipeline between central Asia and China, according to documents seen by the Financial Times. The documents indicate that staff and consultants […]
Read more »Angola: The OPEC Producer Looking To Sell A Stake In Its Oil Company
November 29th, 2020
Via OilPrice.com, a report on Angola’s Sonangol: OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandemic—severely weakened the country’s finances. Angola is considering selling part of Sonangol, as well as a stake in the national […]
Read more »Pemex’s Losses Deepen Mexico’s Financial Woes
September 1st, 2020
Via STRATFOR (subscription required), a short report on Pemex: Mexican President Andres Manuel Lopez Obrador’s failure to strengthen Pemex’s finances and shore up domestic oil production will exacerbate Mexico’s public finance woes from COVID-19. On Aug. 24, Mexico’s state-owned energy giant Pemex reported its lowest level of monthly crude oil production since 1979, with the company’s […]
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.