Next Stop: Jupiter — Brazil’s ‘Huge’ Gas Field Find
January 23rd, 2008
As reported by BBC, a huge natural gas field has been found a short distance off Rio de Janeiro’s coastline, another recent find which could help turn Brazil into even more of a leading global energy supplier. According to Petrobras, the company believes the new field, Jupiter, could match the recently discovered Tupi oil field […]
Read more »Cuba’s Oil-Rich Waters
January 20th, 2008
As reported by Energy Daily, Brazil has signed a deal that would give Brazil’s Petrobras access to Cuban potentially oil-rich waters, where it hopes to begin drilling in the next two years. As the article notes: “…While Petrobras and Cuba already have a longstanding relationship, [the] agreement marked the first time the Brazilian company would […]
Read more »Tupi: Transforming Petrobras and Brazil
January 12th, 2008
As a recent International Herald Tribune article details, while some of the world’s largest oil producers such as Mexico and Iran are struggling to remain exporters, Brazil is moving in the opposite direction. The enormous Tupi underwater oil field discovered late last year (and blogged about here upon the announcement of such) has the potential […]
Read more »Angola + Brazil = The World’s First Supermajor from The Developing World
January 1st, 2008
Via Stratfor (subscription required), a highly interesting report about an emerging partnership between state-owned Angolan oil company Sonangol and Petróleo Brasileiro (Petrobras). The results could transform the global oil industry as any Brazilian-Angolan cooperation could herald the large-scale entry of Petrobras into the Angolan offshore, giving the world its first (but certainly not last) supermajor […]
Read more »C it go — Chavez’s Petrocracy Scales Back Profits at Citgo
November 16th, 2007
A very interesting WSJ article on Citgo – which Venezuela bought two decades ago to market its hard-to-refine heavy oil – changing its focus to feed cash to President Chávez’s social programs in Venezuela.  As the article notes: “…while other U.S. refiners have invested heavily to take advantage of historically wide profit margins in the […]
Read more »A Rio Find: Brazil Finds a New Hydrocarbon Deposit
November 8th, 2007
Via RIA Novosti, news that a massive oil and gas deposit has been discovered in Brazil, which could make it one of the world’s leading hydrocarbon producers. “…the new field, discovered on the southwestern coast of the country, could contain between 5 and 8 billion barrels of light oil. If results of the initial research […]
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.