Venezuela Quietly Courting Big Oil Once Again
January 15th, 2009
Via The International Herald Tribune, a report that Venezuelan President Hugo Chávez, who initially reveled in describing the crash as proof of capitalism’s flaws, is now quietly courting Western oil companies once again. As the article notes: “…Until recently, buoyed by the surging price of oil, Chávez had pushed foreign oil companies here into a […]
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 »PDVSA’s Growing Influence in Central/South America
October 1st, 2008
Via IPS News, an in-depth report on the growing influence of PDVSA in Central America, Cuba, the Dominican Republic and islands in the eastern Caribbean who are receiving more and more oil from Venezuela, while major refineries are planned in South America — at Pernambuco in northeastern Brazil, and at El Aromo, on Ecuador’s Pacific […]
Read more »China and Venezuela: Increased Energy Cooperation
September 27th, 2008
Energy Daily recently reported that China and Venezuela signed several energy agreements that will allow the South American country to export half a million barrels of oil a day to the Asian giant from 2009. As the article notes: “…Venezuela, the fifth exporter of crude oil in the world, currently only represents 4 percent of […]
Read more »Gazprom’s South American Deals
September 22nd, 2008
Via The Moscow Times, a report that Gazprom was among eight companies that signed deals to develop offshore gas fields with state-owned Petroleos de Venezuela. As the article notes: “…The deals included U.S.-based Chevron, Italy’s Eni, Portugal’s GALP Energia, Qatar Petroleum, Malaysia’s Petronas, Argentina’s Enarsa and Japanese companies Mitsui, Mitsubishi and Itochu, in a sign […]
Read more »Venezuelan-Russian Energy Axis: Global Power Politics
August 1st, 2008
As recently discussed by The Latin Business Chronicle, the emerging Venezuelan-Russian energy axis is a 21st-century throwback to the Cold War Soviet-Cuban alliance and may be emblematic of geopolitical forces rising to challenge U.S. leadership and influence. As the article notes: “…Chávez and the Russian duo want to redistribute global power as expediently as possible. […]
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.