Via The Associated Press, a report that China wants to loan Brazil’s state oil company $10 billion to help develop massive new oil fields in deep water off the coast of Rio de Janeiro. According to the article, Mines and Energy Minister Edison Lobao – Brazil’s top energy official – said: “… Chinese officials contacted […]
Read more »Via Energy Daily, a report noting that Russian President Dmitry Medvedev – while making his first visit to Brazil – made the first stop of his trip trip to the headquarters of state-run oil company Petrobras, reaffirming Gazprom’s emergence as a player in Latin America’s growing energy infrastructure. As the article states: “…Medvedev announced that […]
Read more »Via Energy Daily, a report that China will build a new oil & gas pipeline across Myanmar. As the article notes: “…Work on the oil and gas line will begin in southwest China’s Yunnan province in the first half of 2009, the state-run China Daily reported, indicating a project that has been in the planning […]
Read more »Via Stratfor (subscription required), an interesting report that certain European states have told Russian natural gas giant Gazprom that if the firm raises natural gas prices at the beginning of 2009, they will not be able to pay the bill. As the article notes: Europe gets roughly a quarter of its natural gas supplies from […]
Read more »Via Stratfor (subscription required), a report that Russia and Georgia — whose relationship is still shattered after the war between them in August — are to start energy negotiations in mid-December. As the article notes: “…Georgia currently relies on Russian natural gas to fulfill approximately 60 percent of its domestic demand, with neighboring Azerbaijan fulfilling […]
Read more »From Forbes, an interesting look at Saudi Aramco plans for aggressive expansion and continued growth. As the article notes: “…But why, with prices dropping and a steep worldwide recession looming, would Aramco go all out on the most ambitious expansion plan in its 75-year history? Over the next five years it will invest $129 billion […]
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