Africa: A to Z(TE)
January 12th, 2008
Via Stratfor (subscription required), an interesting look at the plans for Chinese telecommunications equipment company ZTE and Libya’s telecom regulator to build the first-ever WiMAX wireless commercial data network in Africa. While the project is intriguing in and of itself, of more note is the fact that this an early example of the coming wave […]
Read more »Off The Map In Africa – Balancing Political Risk With Geological Risk
January 11th, 2008
Going to take a break from discussions of supermajors and the New Seven Sisters for one post to highlight an interesting article from Canada’s Globe and Mail introducing a small Toronto Stock Exchange-listed company, Addax Petroleum — Canada’s fifth-largest offshore oil producer (it has no domestic Canadian production), the biggest independent producer in Nigeria and […]
Read more »Libya’s (Petro) Can-Do Approach
December 10th, 2007
As reported in The Globe and Mail, Petro-Canada signed a US$7-billion deal with the Libyan National Oil Company on energy production sharing in the North African country. Under the agreements (which have a 30-year term), Petro-Canada will pay 50 per cent of development capital costs and receive a 12 per cent share of production. Additionally, […]
Read more »No Occident: Increased Interest in Libya
November 28th, 2007
Via Stratfor (subscription required), news that U.S. energy company Occidental Petroleum Corp. and Australian oil and gas firm OMV have agreed to jointly explore for oil in five areas in Libya. According to the article: “…the firms will spend $2.5 billion altogether over the next five years to redevelop oil fields in the Sirte Basin, […]
Read more »Eni, Meeny, Miny, Moe: Into Libya some will go…
October 16th, 2007
Noticed in today’s WSJ that Eni, the world’s sixth-largest oil company by market capitalization, announced a sweeping overhaul of its existing contracts with Libya’s National Oil Company, or NOC. According to the terms of the deal, Eni – which has been the largest foreign player in Libya for years – will be able to increase […]
Read more »Libya … a future investment haven?
July 27th, 2007
Lots in the news recently regarding Libya’s agreement to release the foreign medical workers held in the HIV/AIDs scandal, ostensibly partially in return for greater interaction with the EU. While Libya has slowly been working to improve its image and relationships over the past few years, the reality of its petroleum potential & wealth is […]
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.