Will The Global Financial Crisis Sink Petrobras’ Offshore Development Plans?
October 21st, 2008
From Seeking Alpha, a pessimistic view on Brazil’s oil giant Petrobras (PBR) which recently postponed the disclosure of its new business plan so that it could evaluate the impact of the global financial crisis. As the article notes, the global credit crunch may severely impact the deepwater building program at Petrobras: “…We noted previously that […]
Read more »Cuba Claims Much Larger Offshore Oil Reserves
October 17th, 2008
Via BBC, an interesting report that Cubapetroleo, the state-owned Cuban oil company, recently announced that the country may have more than 20bn barrels of oil in its offshore fields – more than double the previous estimate and an amount that would place Cuba among the top 20 oil producing nations. As the article notes: “…Cubapetroleo’s […]
Read more »Brazil Surpasses Mexico
October 15th, 2008
As reported by The Energy Tribune, Brazil now outshines a number of other Latin American countries in new regional petroleum reserve rankings. As the article notes: “…For the first time, Brazil has surpassed Mexico in terms of proved oil reserves, according to the country’s hydrocarbons regulator, A.N.P. Brazil boasted 12.6 billion barrels at the end […]
Read more »Sandstorm Arising? Doubt Over Libya’s Ability to Double Oil Output
October 11th, 2008
Via Reuters, an interesting report on some doubt which is arising over Libya’s ability to achieve its goal of almost doubling output within four years. As the article notes: “…Tripoli wants to increase output to 3 million barrels of crude oil per day by about 2012 from 1.7 million now, raising extra revenues to help […]
Read more »Gazprom’s Move Into Kyrgyzstan
October 10th, 2008
As reported by Reuters, Gazprom recently signed a memorandum of understanding (MOU) with Kyrgyzstan which will help it buy a stake in Kyrgyz state-owned gas company Kyrgyzgaz, the state gas export monopoly. As the article notes “…the memorandum was signed in Bishkek as part of Russia’s President Dmitry Medvedev’s visit to Kyrgyzstan and allowed the […]
Read more »Turkey: Is The Silk Road of the 21st Century Turning Towards Russia?
October 9th, 2008
Via Energy Risk, a very good analysis by Robert Amsterdam of Turkey’s geostrategic importance as the bridge between Europe and the Near East, particularly as the European Union considers its dwindling options for alternative supply routes beyond the reach of Gazprom, Russia’s natural gas oligopoly. As the article notes: “…A key transit hub of both […]
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.