Cuba Claims Much Larger Offshore Oil Reserves
October 17th, 2008
Via BBC, an interesting report that Cubapetroleo, the state-owned Cuban oil company, recently announced that the country may have more than 20bn barrels of oil in its offshore fields – more than double the previous estimate and an amount that would place Cuba among the top 20 oil producing nations. As the article notes: “…Cubapetroleo’s […]
Read more »Cuba Reaches out to Brazil
July 20th, 2008
Courtesy of Project Syndicate, an excellent analysis of Cuba’s gradual process of changing Cuba’s economy and international relations and – most specifically – efforts to ensure Cuba is not held captive by its one international supporter at present: Venezuelan President Hugo Chavez. “…Castro believes in giving farm workers greater incentives. He has authorized the sale […]
Read more »Russia Oil Companies Eye Gulf Of Mexico Exploration via Cuba
July 2nd, 2008
Via DowJones, a report that Russian energy companies OAO Gazprom (OGZPY) and OAO Lukoil Holdings (LUKOY) may revive Soviet-era ties to enter the oil-rich Gulf of the Mexico – through its Cuban backdoor. As the article notes: “…Gazprom and Lukoil “are interested by” Cuban hydrocarbons acreage, the country’s Basic Industry Minister Yadira Garcia told Dow […]
Read more »Lukoil, Cuba, and Venezuela
June 27th, 2008
As adroitly analyzed in Stratfor (subscription required), Russian oil firm LUKoil’s plans to purchase a refinery in Cuba are on hold because of the difficulty of investing in crude production in Venezuela. As the article notes: “…Russian oil firm LUKoil’s plans to expand into Cuba have been put on hold. LUKoil wanted to buy a […]
Read more »Frontier Funds
March 11th, 2008
As recently reported by The Financial Times, the subprime-driven credit crisis is causing some people to look at frontier markets for unconventional, uncorrelated returns. As the article notes: “…Godvig Capital Management’s Babylon Fund, which aims to profit from the rehabilitation of Iraq, is one of a growing band of ‘frontier funds’ which seek returns in […]
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 »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.