PetroChina: A Global Growth Strategy Not Admired at Home?
October 22nd, 2008
Via Stratfor (subscription required), an in-depth look at recent consideration by China’s state-owned energy giant PetroChina to acquire smaller foreign energy companies that have been weakened by the global financial contagion. As the article notes, while PetroChina stands to benefit from such acquisitions — as do China’s energy-craving domestic industries and markets — the company’s […]
Read more »Chinese State-Owned Energy Companies Expand Their Global Reach
October 2nd, 2008
Via The Wall Street Journal, an in-depth report on the latest efforts by Chinese state-owned energy companies to expand their global reach. As the article notes: “…Cnooc and China Petrochemical, known as Sinopec, are close to buying a stake held by U.S.-based Marathon Oil Corp. in an Angolan oil block, after agreeing to a price […]
Read more »Sinopec’s Bid for Syrian Petroleum Assets
September 27th, 2008
Via The Financial Post, an interesting article on China Petrochemical Corporation’s (Sinopec) offer to pay $1.9 billion for Tanganyika Oil Co. to gain oil and natural gas operations in Syria. As the article notes: “…The bid for Tanganyika came one month after Sinopec Group lost to India’s Oil & Natural Gas Corp. in the tussle […]
Read more »China and India: Face Off Over Siberian Oil
August 7th, 2008
As recently reported in The Wall Street Journal, China and India are facing off yet again in the race to secure energy resources to fuel their economic growth, this time in Russia’s Siberian oil fields. As the article notes: “…Sinopec, has joined the bidding for London-listed Imperial Energy Corp., which primarily produces oil in Russia, […]
Read more »Scramble for Africa…The “Final Frontier” of Conventional Sources of Oil
January 25th, 2008
As reported by Reuters, high oil prices and the onslaught of resource nationalism from Russia to South America have sent Western majors delving ever deeper into the waters of the Gulf of Guinea, triggering a new scramble for Africa. As the article notes: “…Unlike more established oil-producing regions, the Gulf of Guinea offers easy access […]
Read more »Dinosaurs at the Tar Pit (4) / Needed: A Refined Approach to Refining
January 24th, 2008
Another day and more articles on the demise of Big Oil and the rise of The Seven Sisters. As Rig Zone points out: “…Three years ago, the top six names on the PFC Energy 50 ranking of the world’s largest oil & gas industry companies were ExxonMobil, BP, Royal Dutch Shell, Total, Chevron and Eni. […]
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.