Via Reuters, a report that Malaysia’s state oil firm Petronas has put in a bid for an onshore energy field in Myanmar. As the article notes: “…At the moment in Myanmar we are only offshore and the business has been quite good,” Wee [Executive Vice President of Exploration and Production Wee Yiaw Hin] told reporters […]
Read more »Courtesy of STRATFOR (subscription required), a report on China’s support of a faltering deal between Venezuelan state-run oil company Petroleos de Venezuela (PDVSA) and Brazilian energy company Petroleos Brasileiros (Petrobras) over the Abreu e Lima refinery possibly as a way of tying Brazil to Venezuela, hobbling Brasilia’s ability to compete elsewhere. As the article notes: […]
Read more »Via Robert Amsterdam, an interesting article on Gazprom’s travails as of late: Russian gas monopoly Gazprom has had a rather hard time of it recently, with a series of raids on their European offices. The company cannot have been too happy with Turkey’s decision, announced on Monday, that it would not be renewing a 25-year […]
Read more »Via The BBC, a report on the possibility of Russia piping gas to Seoul via North Korea. As the article notes: “…Looking at the map, it is a no-brainer. Less than 700km (435 miles) separate one of the world’s biggest energy producers and one of its neediest consumers. Russia sells natural gas; South Korea wants […]
Read more »Via The Globe and Mail, a report that CNPC, the Chinese energy company, is poised to win the first oilfield to be tendered in Afghanistan since the U.S. ousted the Taliban in revenge for sheltering Osama bin Laden a decade ago. As the article notes: “…China’s push into Afghanistan is part of a broader drive […]
Read more »Via Celsias, a report that The Organization of Petroleum Exporting Countries, a notoriously conservative organization, has stated that Venezuela now has the world’s largest oil reserves, even exceeding those of OPEC’s top producer, Saudi Arabia. As the article notes: “…Oil production in Venezuela is under the control of the state-owned Petróleos de Venezuela, S.A. company, […]
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