Pemex: Coming Up Dry?
July 17th, 2009
Via RigZone, more pessimistic news on Pemex. As the report notes: “…Mexican oil giant Petroleos Mexicanos is struggling to meet an ambitious $20 billion investment plan for this year after it nearly quadrupled capital expenditures over the past decade. Pemex, as the state-run company is known, needs to find new pools of oil to replace […]
Read more »Nabucco: A Pipe Dream Closer To Reality?
July 13th, 2009
Via The New York Times, an update on Austria, Bulgaria, Hungary, Romania, and Turkey’s decision to sign a transit agreement on the Nabucco pipeline, which would stretch 2,000 miles from the Caspian Sea to Austria through Turkey. This project would reduce Europe’s dependence on Russian gas but, despite this latest agreement, the project’s completion remained […]
Read more »Bullish On Africa In The China Shop…
July 12th, 2009
Via Energy Daily, an update on China’s energy “shopping spree” in Africa. As the article notes: China’s oil companies, buoyed by the country’s foreign exchange reserves that now top $2 trillion for the first time, are on another buying spree in Africa, further challenging the century-long domination of the continent’s mineral wealth by Europe’s great […]
Read more »China’s New Frontier: South America
July 5th, 2009
Courtesy of Fortune, an interesting report on the global reach of China’s telecommunications equipment manufacturers. As the article notes, having already conquered Africa & Asia, they are now looking towards South America for growth: “At phone operator Movistar’s sales offices in Buenos Aires, customers line up to buy high-speed wireless services to access the web […]
Read more »Russia Renews Overtures to Original Seven Sisters
June 30th, 2009
Via the always insightful The Oil & The Glory, interesting thoughts on Russia’s recent overtures to some of the original Seven Sisters to participate in major exploration projects. As the article notes: “…With cash reserves running down and insufficient economic relief in sight, Prime Minister Vladimir Putin, his growl turned into a purr, is welcoming […]
Read more »Russia: Attempting to Choke Off Potential Export Routes For Azeri Natural Gas?
June 30th, 2009
Via Stratfor (subscription required & recommended), interesting analysis of the deal signed between Russia and Azerbaijan on June 29, under which Russia will pay Azerbaijan $350 per thousand cubic meters of natural gas — the highest price Russia has paid for natural gas from the Caucasus or Central Asia. As the article notes, Moscow hopes […]
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.