Thursday, November 21, 2013

2013 Ranking of the World's Biggest Oil Companies - Forbes

by David Rachovich

World's Top 20 Oil Companies 

Rank
2013


Rank
2003

Company
Production Volumes (in million barrels of oil equivalent – BOE - per day)*
2013 ranking
Production Volumes (in million barrels of oil equivalent – BOE - per day)*
2003 ranking
1.
1.
Saudi Aramco (Saudi Arabia)
12.7
9.9
2.
2.
Gazprom (Russia)
8.1
9.5
3.
3.
NIOC (Iran)
6.1
4.9
4.
4.
ExxonMobil Corp. (USA)
5.3
4.6
5.
N/A
Rosneft (Russia)
4.6
N/A
6.
6.
Royal Dutch/Shell (NL/UK)
4.0
4.1
7.
9.
PetroChina (China)
3.9
2.5
8.
5.
Pemex (Mexico)
3.6
4.2
9.
8.
Chevron Corp. (USA)
3.5
3.2
10.
12.
KPC (Kuwait)
3.4
2.3
11.
7.
BP (UK)
3.1
3.9
12.
10.
Total (France)
2.6
2.4
13.
N/A
Petrobras (Brazil)
2.5
~1.5
14.
N/A
QP (Qatar)
2.4
1.4
15.
14.
ADNOC (UAE)
2.4
1.82
16.
15.
Lukoil (Russia)
2.3
1.8
17.
20.
MoO (Iraq)
2.22
1.6
18.
11.
Sonatrach (Algeria)
2.19
2.36
19.
18.
PDVSA (Venezuela)
2.1
1.6
20.
19.
Statoil (Norway)
2.0
1.6
*Working interest production volumes calculated by Wood Mackenzie reflects oil plus the energy equivalent in natural gas.
Source: Christopher Helman, "The World's Biggest Oil Companies  2013," Forbes, November 17, 2013

(Please see my previous post: "Mid 2012 Ranking of the World's Biggest Oil & Gas Companies -- Forbes." Also, please see the world's largest oil and gas companies by oil and gas production, oil and gas reserves, product sales and refinery distillation capacity, i.e., PIW rankings: "Energy Intelligence announces the PIW Top 50 ranking of the world's largest oil companies.And the PFC Energy ranking of the biggest publicly-traded energy companies, based mainly on capital market performance: "PFC Energy 50 Ranking of World’s Top Energy Companies." Furthermore, please see Platts Top 250 Global Energy Company Rankings/my post incl update, which reflect fiscal year financial performance of companies in four key areas: asset value, revenues, profits and return on invested capital/ROIC. -- D.R.)

Tuesday, November 19, 2013

Energy Intelligence announces the PIW Top 50 ranking of the world's largest oil companies

Energy Intelligence via PR Log (Press Release)Nov. 18, 2013

Russia and US Shale Reshape Latest Annual Ranking of the World’s 50 Largest Oil Companies from Petroleum Intelligence Weekly. [Read more]

Please see  http://www2.energyintel.com/PIW_Top_50_ranking_about and the EI infographic below:PIW Top 50 Ranking of the world
Sourcewww.energyintel.com
Note: The share permission provided by Helen Reddick, Database and Marketing Manager, Energy Intelligence

(The ranking is based on six operational criteria - oil and gas reserves, oil and gas production, refined product sales and refinery distillation - and, unlike other corporate ranking systems in this industry, it allows for comparisons of both national oil companies and private sector firms. These Top 50 companies represent over 70% of global oil production and fully two-thirds of global refined product sales, making these rankings truly comprehensive and global. The rankings are based on 2012 data, the latest annual figures available - my emphasis, D.R.)   


Monday, November 18, 2013

OPEC Expects North American Shale Oil Output to Jump

by Benoit Faucon, WSJ, Nov 8, 2013

Two years after dismissing North America's shale-oil boom as "marginal," OPEC changed its tune Thursday acknowledging, the new extraction technology could sharply cut the need for the group's own oil. According to the organization's annual World Oil Outlook, technological advancements in oil exploration will sharply boost supplies and cut global crude oil needs by 1 million barrels per day over the next five years. The report also found that new supplies of oil from the U.S. and Canada would reach 4.9 million barrels per day by 2018. That was more than double last year's forecast of 1.7 million barrels per day by 2018.
[Read more]

(A brief summary made available from SmartBrief  - D.R.)

Sunday, November 17, 2013

API urges speedy approval of U.S. LNG exports

by Zachary Cikanek, API, Nov 15, 2013

API Director of Upstream and Industry Operations Erik Milito welcomed today’s authorization by the Department of Energy for exports from the Quintana Island, Texas liquefied natural gas (LNG) facility and urged the agency to quickly process the remaining 21 applications:

“LNG exports will significantly reduce our trade deficit, grow the economy, and support thousands of U.S. jobs. The DOE has every reason to quickly approve these applications, and we’re pleased that they seem to be moving ahead. The shale revolution -- sparked by U.S. innovations in hydraulic fracturing -- has positioned America to play a leading role in the global energy trade, and we must work fast to secure a competitive position in the international market. We continue to urge Energy Secretary Moniz to oversee speedy review and approval of the remaining U.S. LNG export permit applications.”
[Read more]