Ecuador’s Distant Dream of a Green Recovery
August 14th, 2022
Via Foreign Policy, an article on Ecuador’s struggle to meet its climate goals under IMF austerity: Standing halfway up a hillside in the city’s outskirts, environmental engineer Andres Viteri Leroux peered down to a horizontal dirt shelf some 100 feet below. It was early December 2021, and he was visiting Ambato’s landfill. The dirt had been […]
Read more »Protests Place Ecuador’s Oil Production in Peril
June 30th, 2022
Via STRATFOR, a report on Ecuador’s oil production: In Ecuador, nationwide protests risk disrupting oil production, potentially impeding the country’s economic growth and ability to mitigate its growing debt burden. Ecuador’s state-owned energy company Petroecuador has suspended exports of Oriente crude, its most popular hydrocarbons export, as part of a force majeure issued on June 29. […]
Read more »Marathon Petroleum Snaps Up Ecuador’s Oil After Russian Sanctions
April 25th, 2022
Via Boomberg, a report on Marathon’s purchase of Ecuadorian oil to make up for Russian crude: Marathon Petroleum Corp., previously the largest U.S. buyer of Russian oil, just beefed up supplies of Ecuadorian crude after sanctions cut off its supplies from Moscow. The Findlay, Ohio-based fuelmaker offered a 75-cent premium over the price marker for […]
Read more »China’s Global Ambitions: Loans And Strings Attached
July 24th, 2015
Courtesy of The New York Times, an interesting look at China’s investment in Ecuador and elsewhere, as it uses its economic clout to win diplomatic allies and secure natural resources around the world: Where the Andean foothills dip into the Amazon jungle, nearly 1,000 Chinese engineers and workers have been pouring concrete for a dam […]
Read more »How China Took Control of Ecuador’s Oil
November 27th, 2013
Via Reuters, an interesting article on China’s control of Ecuador’s oil: China’s aggressive quest for foreign oil has reached a new milestone, according to records reviewed by Reuters: near monopoly control of crude exports from an OPEC nation, Ecuador. Last November, Marco Calvopiña, the general manager of Ecuador’s state oil company PetroEcuador, was dispatched to […]
Read more »Angola Reaches Out To The Amazon
October 20th, 2009
Courtesy of Upstream Online, a look at Angola’s Sonangol Group’s interest in investing in Ecuador’s Amazon region. As the report notes: “…Angola’s oil minister and Opec president, Jose Maria Botelho de Vasconcelos, will travel to Ecuador at the end of October to discuss Sonangol’s investment in Ecuador, Jaramillo said during a meeting with foreign journalists. […]
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.