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 »Gazprom’s Emergence As A Player in Latin America
December 9th, 2008
Via Energy Daily, a report noting that Russian President Dmitry Medvedev – while making his first visit to Brazil – made the first stop of his trip trip to the headquarters of state-run oil company Petrobras, reaffirming Gazprom’s emergence as a player in Latin America’s growing energy infrastructure. As the article states: “…Medvedev announced that […]
Read more »Brazil’s Pre-Salt Oilfields: Larger Than Initially Thought
November 8th, 2008
As recently reported by The Financial Times, Brazil’s newly discovered “pre-salt” oilfields may contain more than 100bn barrels, Haroldo Lima, head of the industry regulatory. As the article notes: “…If so, the new fields would propel Brazil up the world league table of oil producing nations. Brazil currently has reserves of about 12.6bn barrels (or […]
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 »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 »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.