Is Brazil an emerging energy giant?

October 03 2008 / by Garry Golden / In association with Future Blogger.net
Category: Energy   Year: Beyond   Rating: 9 Hot

Few people think of Brazil as an emerging global energy player. Even the most widely cited future of energy scenarios do not put Brazil into the elite group of energy resource-rich nations.

While it is best known for its domestically produced sugarcane ethanol, Brazil’s real source of energy wealth and future geopolitical power is likely to come from exports of oil and natural gas extracted from its deepwater reserves.

Energy pundits are now tracking early indicators hinting that Brazil is awakening to its full potential as a uniquely diversified energy economy growing around traditional hydrocarbon resources while simultaneously expanding its own renewables and bio energy solutions. Brazil’s rise as a global energy powerhouse will take decades to unfold, but it might turn out to be one of the more interesting geopolitical energy stories of the next century.

Who might follow in Anadarko’s footsteps
On Thursday, Houston, Texas-based Andarko announced a successful deepwater field discovery offshore of Brazil in its Campos Basin region. This could be the beginning of a string of announcements to come from energy majors tapping the deepwater oil fields of Brazil.

Announcements are likely to come from companies based around the world. Everyone is looking to partner with Brazil in advancing deepwater drilling and securing access to their growing reserves. While the general public might see the oil industry organized neatly into brand names like BP, Shell, Exxon and Chevron, the reality is that these companies are all betting on each other. Most projects have a lead company, but the financial risk is spread with smaller stakes held by competitors and specialized development firms.

Brazil’s emergence as an energy giant might be quiet, but they are not going to do it alone. Now that it has overcome the technical challenges of deepwater drilling, it must navigate the complex geopolitical landscape of energy politics.

Brazil: Deepwater brings new opportunities & challenges

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Interactive US Energy Map

September 26 2008 / by Garry Golden / In association with Future Blogger.net
Category: Environment   Year: General   Rating: 6 Hot

Here is a simple but wonderful visual tool for understanding the landscape of US energy resources- electricity grid, natural gas lines, solar potential, biomass potential, et al.

We are looking for a global map if anyone wants to forward a note!! [Here is an EPA map Google Earth plug-in, Thanks Sandy]

MSNBC Energy Map of America

Thank you Venessa!


Image source: MSNBC Energy Map of America

Suncor-Petro Merger Signal of Canada’s Expanding Global Role And Plans For Tar Sands

March 26 2009 / by Garry Golden / In association with Future Blogger.net
Category: Energy   Year: General   Rating: 2

Suncor Tar Sands

Canada is starting to flex its muscle as a major player in the world of energy around non-conventional hydrocarbon resources.

This week, Suncor, the number two producer of tar sands, will merge with Petro-Canada. The new energy giant Canadian company could become an expert in developing less environmentally damaging methods for utilizing non-conventional resources in North America and around the world.  

The combined company will have ‘approximately 7.5 billion barrels of oil equivalent (boe) of proved (developed and undeveloped) and probable reserves, on top of an estimated contingent resource base of approximately 19 billion boe.   It will also have significant refining capacity of 433,000 barrels per day (b/d) and a strong Canadian retail brand in Suncor.'

Preempting the Inevitable Contraction of the Hydrocarbon Sector
Energy analysts expect a wave of mergers as companies find it difficult to grow reserve assets through traditional exploration and development.  Cash rich companies might find it easier to expand reserve totals by acquisition.

Future sucess might also be based on an ability to develop non-conventional resources like carbon-heavy 'tar sands' and deep water reserves. So for Canada's leading energy companies it was important to merge before being acquired.

According to Suncor CEO Rick George "The combined portfolio boasts the largest oil sands resource position, a strong Canadian downstream brand, solid conventional exploration and production assets, and low-cost production from Canada's east coast and internationally."

Canada's Vision as a Resource Giant

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