No Concessions On Brazil’s Oil PSA Plan
September 8th, 2009
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 »Independence Day For Brazilian Oil
August 31st, 2009
Via The Wall Street Journal, a report on Brazil’s new rules to protect the country’s expected oil windfall. As the article notes, the big question is whether the long-awaited shift really strengthens Brazil and state-owned Petrobras, or whether it backfires by scaring off investment by international oil companies: “…The new rules, in the works for […]
Read more »New Sister Secrets: In Depth Analysis of Pemex, PDVSA, and Petrobras
August 18th, 2009
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 »Brazil: Looking Inward On Oil
August 17th, 2009
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 »Brazil Opens Up Offshore
May 29th, 2009
Via The Financial Times, a detailed report on Brazil’s recent decision to invite iternational oil companies to bid for concessions in Brazil’s enormous “pre-salt” oil fields as early as next year. As the article notes: “…Brazil stopped selling concessions in the offshore pre-salt area, which oil industry executives say will rival the North Sea in […]
Read more »Brazil Turns To China For Petroleum Funds
May 18th, 2009
Via The Wall Street Journal, a report on the increasing frequency with which Brazil’s oil industry is turning to China for cash — the latest sign of how Beijing’s clout is growing amid the global economic downturn. As the article notes: “…Brazilian President Luiz Inácio Lula da Silva was set to arrive in Beijing Monday […]
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.