Via The Peninsula (Qatar), a report that Southeast Asia’s major oil and gas firms are gearing up for an aggressive expansion to overhaul local operations and snap up foreign assets to meet the needs of a fast-growing, power-hungry region. As the article notes: “…From the archipelagos of Indonesia and the Philippines to the rapidly developing […]
Read more »Via Energy Daily, a report that Venezuelan President Hugo Chavez recently announced a 16-billion-dollar deal with China to drill for oil in the resource-rich Orinoco basin. As the article notes: “…a deal was signed in Beijing for the Orinoco basin. It sets out a Chinese investment of 16 billion dollars over the next three years,” […]
Read more »Via The Financial Times, a report that Brazil is staying firm on its controversial decision to switch from the current concessions system to production sharing agreements, or PSAs. As the article notes: “…For us, the pre-salt is a passport,” says Dilma Rousseff, chief minister in Brazil’s government and a would-be next president. “It’s a passport […]
Read more »Via The Oil & Gas Journal, an in-depth comparison of Mexico’s Petroleos Mexicanos (Pemex), Venezuela’s Petroleos de Venezuela SA (PDVSA), and Brazil’s Petroleo Brasileiro SA (Petrobras), the most talked-about and likely the most influential National Oil Companies (NOCs) in the Western Hemisphere and three of the New Seven Sisters. As the article notes: “…Pemex and […]
Read more »Courtesy of The New York Times, a report on the Brazilian government’s decision to step back from more than a decade of close cooperation with foreign oil companies and more directly control the extraction itself. As the article notes: “…The move is part of a nationalistic drive to increase the country’s benefits from its natural […]
Read more »Via Robert Amsterdam, a slightly dated analysis of Turkey’s strategic role in the region that has regained relevance in the face of the recent agreements signed between Russia & Turkey over South Stream access routes, and continued tension between Russia & Georgia. As the article notes: “…Turkey’s role in global affairs is defined by its […]
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