PDVSA’s Growing Influence in Central/South America
October 1st, 2008
Via IPS News, an in-depth report on the growing influence of PDVSA in Central America, Cuba, the Dominican Republic and islands in the eastern Caribbean who are receiving more and more oil from Venezuela, while major refineries are planned in South America — at Pernambuco in northeastern Brazil, and at El Aromo, on Ecuador’s Pacific […]
Read more »Ecuador Gains Help to Maintain Petroleum Production
August 10th, 2008
From Bloomberg, a report that State-owned energy company PetroEcuador and Ivanhoe Energy Inc., a Canadian oil and natural-gas producer, will sign an oil production deal in which Ivanhoe will invest about $4.5 billion over the 30-year lifetime of the agreement to extract crude from the Pungarayacu oil field in the Ecuadorean Amazon. According to the […]
Read more »Ecuador Invests in its Oil Industry, but Following the Chavez Model?
January 20th, 2008
As detailed by Xinhua Financial News, Ecuador – South America’s fifth-largest oil producer with an average of 510,000 barrels of crude a day – will invest U.S. $2 billion in its oil industry this year in a bid to increase production by 11 percent. Some $1.7 billion will be used to increase production at state […]
Read more »Iran and Latin America: An Axis of Unity
December 29th, 2007
An interesting story in The San Antonio Express-News on Iran’s recent partnership with Nicaragua and Venezuela to help finance a $350 million deep-water port on Nicaragua’s wild Caribbean shore, and then plow a connecting “dry canal” corridor of pipelines, rails and highways across the country to the populous Pacific Ocean. The dry canal scheme has […]
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.