Venezuela and China Increase Ties
September 13th, 2007
Today’s Energy Daily reports that Venezuela and China are expanding their oil ties, with their respective state petroleum companies stating that they will spend more than $10 billion to develop the oil-rich Faja del Orinoco region. President Hugo Chavez also said earlier this week Venezuelan state-owned energy firm PDVSA would collaborate with China National Petroleum […]
Read more »Petrobras – No Longer a Petrosaurus
August 30th, 2007
An excellent article in today’s WSJ on Petrobras, one of the New Seven Sisters. I highly recommend a complete read, but of particular note was the following: “…Today, Petrobras boasts more crude reserves than Chevron Corp., lower costs of finding oil than Exxon Mobil Corp., and a listing on the New York Stock Exchange — […]
Read more »Ecopetrol: Out of the Chavez “Shadow”
August 29th, 2007
The WSJ’s Annelena Lobb took an interesting look at the public market debut of Colombian state-run energy giant Ecopetrol earlier this week. According to the article, “….Ecopetrol is selling just over a 10% stake in itself over the course of the offering. The initial round is for certain local investors, and lasts until Sept. 25. […]
Read more »An OPEC for Natural Gas: Born in South America?
August 26th, 2007
As noted in Xinhua earlier this month, Bolivia, Argentina and Venezuela signed an accord to create the Organization of Gas Producing and Exporting Countries of South America (Opegasur), which is aimed at consolidating their energy alliance. “…The three presidents inked the commitment memorandum for the exploration and exploitation of fossil fuels in the Bolivian provinces […]
Read more »Chavez’s Into Africa Tour…
August 24th, 2007
Several interesting tidbits from this Energy Daily analysis, namely, Chavez’s continued engagement with African oil-rich nations and PDVSA’s plan to create its own equipment/services division to help address declining production resulting from equipment shortages. It is not clear how Venezuela can balance their equipment shortfalls at home while pursuing an ambitious international growth plan, but […]
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.