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 »China’s Crude Finance – China & Brazil Con(Tango)
February 20th, 2009
Via Stratfor (subscription required), a close look at the most recent of China’s yuan-for-resources initiatives. As the article notes: “…Jose Sergio Gabrielli, the chief executive of Brazilian state oil firm Petroleo Brasileiro SA (Petrobras), has announced a pending deal with the China Development Bank. Under the rough sketch of the deal that has been released, […]
Read more »China Wants To Help Brazil Develop Deep Water Oil Fields
December 9th, 2008
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 »Cuba and Brazil: Cooperating on Offshore Exploration
November 2nd, 2008
As ably reported by the St. Petersburg Times, Brazilian president Inacio Lula da Silva recently signed an agreement between his country’s state oil company, Petrobras, and its Cuban counterpart, Cupet, to explore for oil in waters off Cuba’s north coast. As the article notes: “…Details on the oil agreement have not yet been made public. […]
Read more »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 »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.