CNOOC Defends Its African Strategy
August 29th, 2007
CNOOC defended its drive for oil in Africa in today’s Financial Times, such as its deal last year when it and South Atlantic Petroleum paid $2.7bn for a 45 per cent stake in Nigeria’s Akpo field. According to the article, CNOOC expects the deep-water Akpo field to begin production by late 2008, and to have […]
Read more »China’s Second West-East Pipeline Project
August 29th, 2007
From RIA Novosti via Energy Daily, I noticed that The China National Petroleum Corporation (CNPC) will finance the construction of a pipeline across China, to supply Central Asian gas to the country’s south and east. “…The 7,000 km (4,349 mile) pipeline with design capacity of 30 billion cubic meters per year is expected to go […]
Read more »A New North-South Iranian Pipeline?
August 27th, 2007
According to today’s WSJ, Iran is planning to construct a new north-south oil pipeline in a bid to raise the volume of crude oil swap capacity with its northern neighbors from 150,000 barrels a day to around 1 million barrels a day. The plan, which is intended to display Iran’s energy capabilities in the region, […]
Read more »An OPEC for Natural Gas: Born in South America?
August 26th, 2007
As noted in Xinhua earlier this month, Bolivia, Argentina and Venezuela signed an accord to create the Organization of Gas Producing and Exporting Countries of South America (Opegasur), which is aimed at consolidating their energy alliance. “…The three presidents inked the commitment memorandum for the exploration and exploitation of fossil fuels in the Bolivian provinces […]
Read more »Iran’s Looming Energy “Catastrophe”?
August 24th, 2007
Iran is the Organization of Petroleum Exporting Countries’ (OPEC) number-two crude oil producer, and is also pinning major hopes on its gas reserves, estimated to be the second-largest proven reserves in the world after Russia. However, as noted in this recent Middle East Times article, Iran’s sacked oil minister issued a parting warning to President […]
Read more »Chavez’s Into Africa Tour…
August 24th, 2007
Several interesting tidbits from this Energy Daily analysis, namely, Chavez’s continued engagement with African oil-rich nations and PDVSA’s plan to create its own equipment/services division to help address declining production resulting from equipment shortages. It is not clear how Venezuela can balance their equipment shortfalls at home while pursuing an ambitious international growth plan, but […]
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.