Platts, May 26, 2011
Shale gas pioneer Chesapeake Energy is confident unconventional gas plays would support proposed US LNG export projects, and believes the US could produce more than 90 Bcf/d of gas at prices are "not that high," a company executive said Wednesday.
"We have a very strong mandate from our CEO to export (LNG from the US)," Bill Wince, vice president of transportation and business development at Chesapeake, said during a panel presentation at CWC’s Americas LNG Summit here. [...]
Chesapeake last year signed a preliminary agreement to supply as much as 500,000 Mcf/d to Cheniere Energy’s proposed LNG export project in Louisiana, which aims to start exporting in 2015. Chesapeake is also talking to the proposed LNG export project in Freeport, Texas, Wince told Platts on the sidelines of the conference, declining to comment on the relative merits of the two proposals.
Current US production stands at 64-65 Bcf/d, Wince said during his presentation. [Also, please see my post "Natural Gas Production/Consumption Retrospective 2010." -- D.R] [...]
The Marcellus play needs a price of only $2.45/Mcf to provide a 10% rate of return, according to a slide he [Wince] presented. The Haynesville play needs a $4.25/Mcf price to provide the same rate of return, while the Fayetteville play needs a price of $4.70/Mcf and the Barnett play needs a price of $5.05/Mcf, the slide showed. [...]
Current production from four major shale areas is 15 Bcf/d, he said, adding that the advent of low US gas prices in recent years coincided with shale production gains. [...]
US shale production is greatly reducing basis differentials in the US market, which historically have been caused by transportation costs between producing and consuming regions, Wince said.
"We crush the basis,” he said about Chesapeake, which ranks as the country’s second-largest gas producer [after ExxonMobil -- D.R.], producing 2.7 Bcf/d in the first quarter. [...]
A significant amount of LNG import infrastructure was built last decade before the shale boom was well understood, as industry players expected LNG to make up for projected decreases in domestic gas production.
Shale gas crowds out Yemen LNG
Yemen LNG was primarily designed to sell significant LNG volumes to the US, but "the market disappeared,” Jean-Pierre Cave, head of commercial and shipping at Yemen LNG, said at the conference. [...]
Based on last week’s ruling [May 20] by the US Department of Energy authorizing Cheniere to export US-produced LNG from Sabine Pass [please see my post "Cheniere Gets OK to Ship LNG Overseas," -- D.R.], Bill Cooper, president of the Center for LNG industry group, said he expects other proposed US export projects to get similar approval. [...] [Read full]
(According to the U.S. Energy Information Administration/EIA, in the past 10 years, U.S. shale gas production has increased more than 12-fold from 0.39 trillion cubic feet/tcf in 2000 to 4.87 tcf in 2010. In 2010, U.S. shale gas production constituted 23 percent of total U.S. natural gas production---please see here. In 2009, the U.S., with its big shale gas resources, even surpassed Russia as the world's largest natural gas producer---please see EIA's data, here. -- D.R.)
Showing posts with label Company Rankings. Show all posts
Showing posts with label Company Rankings. Show all posts
Saturday, June 4, 2011
Friday, April 29, 2011
Marathon, Nexen to Jointly Explore Shale in Poland
by OGJ editors, OGJ, Houston, Apr 27, 2011
[Calgary-based] Nexen Inc. agreed to acquire a 40% working interest in 10 [please see map below -- D.R.] of [Houston-based] Marathon Oil Corp.’s 11 concessions in Poland's Paleozoic shale gas play.
Marathon will remain operator of its concessions, which cover 2.3 million total acres. Poland has issued drilling licenses for 70 concessions to various oil companies.
During this year’s first half, Marathon plans to shoot 2D seismic surveys. The company tentatively plans to drill one or two wells in the fourth quarter and seven or eight wells during 2012.
Nexen and Marathon are targeting Lower Paleozoic shale at 8,000-13,000 ft. Currently, Nexen is developing shale gas in the Horn River region of British Columbia.
Annell R. Bay, Marathon's senior vice-president, worldwide exploration, said the partnership provides financial risk mitigation and combines the two firm’s extensive unconventional drilling and completion experience. [Full story]
[Click on map to enlarge]
Source: Mitsui & Co., Ltd. here
(Marathon is the fourth largest U.S.-based integrated oil company behind ExxonMobil, Chevron Corp., and ConocoPhillips, in the PIW's ranking---please see my post here. Also, it is the fifth largest refiner in the United States---please see my post here. On Jan 13, 2011, Marathon's Board of Directors announced that it approved moving forward with plans to spin off Marathon's downstream business, creating two independent, highly focused energy companies. Marathon Petroleum Corporation, to be headquartered in Findlay, Ohio, is expected to be the fifth largest U.S. refiner with a top-tier downstream portfolio of strategically aligned assets concentrated mainly in the Midwest, Gulf Coast and Southeast regions of the United States. Marathon Oil Corporation, which will remain based in Houston, will be a global exploration and production company with a strong portfolio of assets delivering defined growth leveraged to crude oil production with exploration upside---please see Marathon website. Marathon has operations in the United States, Angola, Canada, Equatorial Guinea, Indonesia, Iraqi Kurdistan Region/IKR, Libya, Norway, Poland and the United Kingdom. It is an integrated international energy company engaged in exploration and production; oil sands mining; integrated gas; and refining, marketing and transportation operations. Nexen Inc. is Canada's sixth largest independent oil and gas producer. Poland's technically recoverable resources of shale gas are estimated to be 187 trillion cubic feet/tcf or c. 5.3 trillion cubic meters/tcm, the highest in Europe---please see my post/table "Estimated Shale Gas Technically Recoverable Resources for Select Basins in 32 Countries -- EIA," here. Also, please see my post "World Shale Gas Resources Outside US Assessed," here. UPDATE: For Mitsui's possible participation in Polish shale gas, the first Japanese participation in European shale gas projects!, please see Mitsui's website. -- D.R.)
[Calgary-based] Nexen Inc. agreed to acquire a 40% working interest in 10 [please see map below -- D.R.] of [Houston-based] Marathon Oil Corp.’s 11 concessions in Poland's Paleozoic shale gas play.
Marathon will remain operator of its concessions, which cover 2.3 million total acres. Poland has issued drilling licenses for 70 concessions to various oil companies.
During this year’s first half, Marathon plans to shoot 2D seismic surveys. The company tentatively plans to drill one or two wells in the fourth quarter and seven or eight wells during 2012.
Nexen and Marathon are targeting Lower Paleozoic shale at 8,000-13,000 ft. Currently, Nexen is developing shale gas in the Horn River region of British Columbia.
Annell R. Bay, Marathon's senior vice-president, worldwide exploration, said the partnership provides financial risk mitigation and combines the two firm’s extensive unconventional drilling and completion experience. [Full story]
[Click on map to enlarge]
(Marathon is the fourth largest U.S.-based integrated oil company behind ExxonMobil, Chevron Corp., and ConocoPhillips, in the PIW's ranking---please see my post here. Also, it is the fifth largest refiner in the United States---please see my post here. On Jan 13, 2011, Marathon's Board of Directors announced that it approved moving forward with plans to spin off Marathon's downstream business, creating two independent, highly focused energy companies. Marathon Petroleum Corporation, to be headquartered in Findlay, Ohio, is expected to be the fifth largest U.S. refiner with a top-tier downstream portfolio of strategically aligned assets concentrated mainly in the Midwest, Gulf Coast and Southeast regions of the United States. Marathon Oil Corporation, which will remain based in Houston, will be a global exploration and production company with a strong portfolio of assets delivering defined growth leveraged to crude oil production with exploration upside---please see Marathon website. Marathon has operations in the United States, Angola, Canada, Equatorial Guinea, Indonesia, Iraqi Kurdistan Region/IKR, Libya, Norway, Poland and the United Kingdom. It is an integrated international energy company engaged in exploration and production; oil sands mining; integrated gas; and refining, marketing and transportation operations. Nexen Inc. is Canada's sixth largest independent oil and gas producer. Poland's technically recoverable resources of shale gas are estimated to be 187 trillion cubic feet/tcf or c. 5.3 trillion cubic meters/tcm, the highest in Europe---please see my post/table "Estimated Shale Gas Technically Recoverable Resources for Select Basins in 32 Countries -- EIA," here. Also, please see my post "World Shale Gas Resources Outside US Assessed," here. UPDATE: For Mitsui's possible participation in Polish shale gas, the first Japanese participation in European shale gas projects!, please see Mitsui's website. -- D.R.)
Saturday, April 23, 2011
Five Campos Basin Presalt Discoveries Now on Production
by OGJ editors, OGJ, Houston, Apr 20, 2011
With the start of an extended well test (EWT) on the Brava presalt discovery well (OGJ Online, Apr. 19, 2011), Petroleo Brasileiro SA (Petrobras) now has five presalt discoveries on production in the Campos basin off Brazil.
Production started from Jubarte during September 2008, Baleia Franca during July 2010, Carimbe EWT in the Caratinga area during December 2010, Tracaja EWT in the Marlim Leste area during February (OGJ, Mar. 7, 2011, Newsletter), and Brava EWT in the Marlim area during April. [Read more]
(Petrobras Chief Executive José Sergio Gabrielli de Azevedo has been named by Energy Intelligence as its 2011 Petroleum Executive of the Year. Under Gabrielli’s leadership, Petrobras made discoveries expected to more than double its oil reserves and production in the years to come. The company has established itself as a leader in deepwater exploration and production technology with among the highest safety and efficiency standards in the business---please see my post "Brazil as a Role Model," here. Petrobras with a market capitalization of $229 billion, ranked at No. 3 in the PFC Energy 50 Ranking of World's Top Energy Companies, Jan 2011 reflecting 2010 Rank, after ExxonMobil and PetroChina---please see my post here. Also, Petrobras retained its spot as the No. 15, in the 2011 Petroleum Intelligence Weekly's/PIW's ranking for 2009---please see my blog stand-alone page "Companies" > Petrobras. In a speech at Georgetown University in Washington, March 30th, President Obama said, "And today, I want to announce a new goal, one that is reasonable, one that is achievable, and one that is necessary. When I was elected to this office, America imported 11 million barrels of oil a day. By a little more than a decade from now, we will have cut that by one-third. That is something that we can achieve. We can cut our oil dependence -- we can cut our oil dependence by a third. I set this goal knowing that we’re still going to have to import some oil. It will remain an important part of our energy portfolio for quite some time, until we’ve gotten alternative energy strategies fully in force. And when it comes to the oil we import from other nations, obviously we’ve got to look at neighbors like Canada and Mexico that are stable and steady and reliable sources. We also have to look at other countries like Brazil. Part of the reason I went down there is to talk about energy with the Brazilians. They recently discovered significant new oil reserves, and we can share American technology and know-how with them as they develop these resources [emphasis mine]."---please watch President Obama's speech, here and see my posts here and here. For the U.S. crude oil imports from Top 15 countries in 2010, please see here. Brazil was the eighth-largest supplier of crude oil to the United States in December 2010. -- D.R.)
With the start of an extended well test (EWT) on the Brava presalt discovery well (OGJ Online, Apr. 19, 2011), Petroleo Brasileiro SA (Petrobras) now has five presalt discoveries on production in the Campos basin off Brazil.
Production started from Jubarte during September 2008, Baleia Franca during July 2010, Carimbe EWT in the Caratinga area during December 2010, Tracaja EWT in the Marlim Leste area during February (OGJ, Mar. 7, 2011, Newsletter), and Brava EWT in the Marlim area during April. [Read more]
(Petrobras Chief Executive José Sergio Gabrielli de Azevedo has been named by Energy Intelligence as its 2011 Petroleum Executive of the Year. Under Gabrielli’s leadership, Petrobras made discoveries expected to more than double its oil reserves and production in the years to come. The company has established itself as a leader in deepwater exploration and production technology with among the highest safety and efficiency standards in the business---please see my post "Brazil as a Role Model," here. Petrobras with a market capitalization of $229 billion, ranked at No. 3 in the PFC Energy 50 Ranking of World's Top Energy Companies, Jan 2011 reflecting 2010 Rank, after ExxonMobil and PetroChina---please see my post here. Also, Petrobras retained its spot as the No. 15, in the 2011 Petroleum Intelligence Weekly's/PIW's ranking for 2009---please see my blog stand-alone page "Companies" > Petrobras. In a speech at Georgetown University in Washington, March 30th, President Obama said, "And today, I want to announce a new goal, one that is reasonable, one that is achievable, and one that is necessary. When I was elected to this office, America imported 11 million barrels of oil a day. By a little more than a decade from now, we will have cut that by one-third. That is something that we can achieve. We can cut our oil dependence -- we can cut our oil dependence by a third. I set this goal knowing that we’re still going to have to import some oil. It will remain an important part of our energy portfolio for quite some time, until we’ve gotten alternative energy strategies fully in force. And when it comes to the oil we import from other nations, obviously we’ve got to look at neighbors like Canada and Mexico that are stable and steady and reliable sources. We also have to look at other countries like Brazil. Part of the reason I went down there is to talk about energy with the Brazilians. They recently discovered significant new oil reserves, and we can share American technology and know-how with them as they develop these resources [emphasis mine]."---please watch President Obama's speech, here and see my posts here and here. For the U.S. crude oil imports from Top 15 countries in 2010, please see here. Brazil was the eighth-largest supplier of crude oil to the United States in December 2010. -- D.R.)
Sunday, March 27, 2011
World Watch [Brazil as a Role Model]
by Jim Washer, London, EI
Petrobras Chief Executive José Sergio Gabrielli de Azevedo has been named by Energy Intelligence as its 2011 Petroleum Executive of the Year. The award reflects Gabrielli’s stewardship of the state-controlled Brazilian firm through a period of unprecedented growth, encompassing the discovery of huge [deep water] subsalt oil and gas reserves [in the South Atlantic]. Gabrielli’s triumph comes at an intriguing time. Political unrest in North Africa and the Middle East has left the world contemplating an oil price shock reminiscent of those of the 1970s. The price spikes of that decade prompted a radical energy policy response from some consuming countries, most notably Brazil. The government sought to protect the country from future price shocks by promoting the extensive use of sugar cane-derived ethanol in transport fuels and by making Petrobras a pioneer in deepwater exploration. If the disruption to Libyan oil and gas exports spreads to other producers in the region, the impact on energy prices may encourage other oil and gas importing nations to follow the Brazilian example.
(Under Gabrielli’s leadership, Petrobras made discoveries expected to more than double its oil reserves and production in the years to come. The company has established itself as a leader in deepwater exploration and production technology with among the highest safety and efficiency standards in the business. He also raised huge amounts of capital to fund these upstream developments and allow the state company to remain very much the dominant force in the development of Brazil’s oil industry. The Petroleum Executive of the Year selection process begins with Energy Intelligence eliciting nominations from the heads of the 100 largest oil companies determined by The Energy Intelligence Top 100: Ranking The World’s Oil Companies, an EI publication. These nominations are then voted on by a committee of previous award winners and former senior oil executives. Past winners of the Petroleum Executive of the Year Award include Andrew Gould of Schlumberger (2010), Christophe de Margerie of Total (2009), Paolo Scaroni of Eni (2008), Abdulla al-Attiyah of Qatar (2007), Dr. Shokri Ghanem of Libya (2006), Abdallah Jum'ah of Saudi Aramco (2005), David O'Reilly of Chevron (2004), Lee Raymond of ExxonMobil (2003), James J. Mulva of ConocoPhillips (2002), Sir Mark Moody-Stuart of Royal Dutch Shell (2001), Thierry Desmarest of Total (2000), Lucio A. Noto of ExxonMobil (1999), Luis Giusti of PDVSA (1998) and Lord John Browne of BP (1997)---please see EON: Enhanced Online News, here. Brazil has become a net oil exporter in the last decade. Petrobras has been ranked fourth in the Platts Top 250 Global Energy Companies Rankings 2010, behind ExxonMobil, BP and Gazprom Oao---please see my post, here. Petrobras with a market capitalization of $229 billion, ranked at No. 3 in the PFC Energy 50 Ranking of World's Top Energy Companies, Jan 2011 reflecting 2010 Rank, after ExxonMobil and PetroChina---please see my post here. Also, Petrobras retained its spot as the No. 15, in the 2011 Petroleum Intelligence Weekly's/PIW's ranking for 2009---please see my blog stand-alone page "Companies" > Petrobras. -- D.R.)
Petrobras Chief Executive José Sergio Gabrielli de Azevedo has been named by Energy Intelligence as its 2011 Petroleum Executive of the Year. The award reflects Gabrielli’s stewardship of the state-controlled Brazilian firm through a period of unprecedented growth, encompassing the discovery of huge [deep water] subsalt oil and gas reserves [in the South Atlantic]. Gabrielli’s triumph comes at an intriguing time. Political unrest in North Africa and the Middle East has left the world contemplating an oil price shock reminiscent of those of the 1970s. The price spikes of that decade prompted a radical energy policy response from some consuming countries, most notably Brazil. The government sought to protect the country from future price shocks by promoting the extensive use of sugar cane-derived ethanol in transport fuels and by making Petrobras a pioneer in deepwater exploration. If the disruption to Libyan oil and gas exports spreads to other producers in the region, the impact on energy prices may encourage other oil and gas importing nations to follow the Brazilian example.
(Under Gabrielli’s leadership, Petrobras made discoveries expected to more than double its oil reserves and production in the years to come. The company has established itself as a leader in deepwater exploration and production technology with among the highest safety and efficiency standards in the business. He also raised huge amounts of capital to fund these upstream developments and allow the state company to remain very much the dominant force in the development of Brazil’s oil industry. The Petroleum Executive of the Year selection process begins with Energy Intelligence eliciting nominations from the heads of the 100 largest oil companies determined by The Energy Intelligence Top 100: Ranking The World’s Oil Companies, an EI publication. These nominations are then voted on by a committee of previous award winners and former senior oil executives. Past winners of the Petroleum Executive of the Year Award include Andrew Gould of Schlumberger (2010), Christophe de Margerie of Total (2009), Paolo Scaroni of Eni (2008), Abdulla al-Attiyah of Qatar (2007), Dr. Shokri Ghanem of Libya (2006), Abdallah Jum'ah of Saudi Aramco (2005), David O'Reilly of Chevron (2004), Lee Raymond of ExxonMobil (2003), James J. Mulva of ConocoPhillips (2002), Sir Mark Moody-Stuart of Royal Dutch Shell (2001), Thierry Desmarest of Total (2000), Lucio A. Noto of ExxonMobil (1999), Luis Giusti of PDVSA (1998) and Lord John Browne of BP (1997)---please see EON: Enhanced Online News, here. Brazil has become a net oil exporter in the last decade. Petrobras has been ranked fourth in the Platts Top 250 Global Energy Companies Rankings 2010, behind ExxonMobil, BP and Gazprom Oao---please see my post, here. Petrobras with a market capitalization of $229 billion, ranked at No. 3 in the PFC Energy 50 Ranking of World's Top Energy Companies, Jan 2011 reflecting 2010 Rank, after ExxonMobil and PetroChina---please see my post here. Also, Petrobras retained its spot as the No. 15, in the 2011 Petroleum Intelligence Weekly's/PIW's ranking for 2009---please see my blog stand-alone page "Companies" > Petrobras. -- D.R.)
Tuesday, March 8, 2011
Petrobras Announces Third LNG Terminal
by OGJ editors, OGJ, Mar 2, 2011
Petroleo Brasileiro SA (Petrobras) reported it will install a third offshore LNG terminal.
The Bahia regasification terminal (TRBA), with capacity to regasify 14 million cu m/day (cmd), will supply natural gas to the state of Bahia, the heaviest consumer of gas among the northeastern Brazilian states.
TRBA will be installed in the Bay of All Saints and interconnect with a pipeline network at two sites: one in the Bahia network, at Candeias, and the other at kilometer 910 on the Cacimbas-Catu pipeline, a section of the Southeast-Northeast Gas Pipeline started up in March 2010.
As part of Brazil’s Growth Acceleration Program, Petrobras said, work will begin in March 2012 with completion scheduled for August 2013 under an investment of nearly $425 million.
Currently, Brazil has LNG terminals at Pecem (State of Ceara) with a regasification capacity of 7 million cmd, and in the Guanabara Bay (State of Rio de Janeiro) with capacity of 14 million cmd. When the TRBA terminal comes online in September 2013, Brazil’s total regasification capacity will reach 35 million cmd, overtaking the gas imports via pipeline from Bolivia (31 million cmd).
At the Pecem and Guanabara Bay terminals, tankers moor at a two-berth pier and LNG is transferred over cryogenic arms from supply vessel to regasification vessel. At the TRBA terminal, LNG will be transferred directly between vessels using side-by-side docking, which means that the regasification vessel will dock at a single-berth, island-type pier, said the company.
With direct connection to the supply vessel, LNG will be transferred over short hoses or loading arms to the regasification vessel, which will convert LNG back into a vapor [i.e., gaseous state].
Gas will then be injected into the pipeline network through a 28-in. pipeline that is 49 km long including a 15-km subsea section.
Petrobras noted that currently only two [sic] other LNG terminals in the world use this configuration [i.e., side-by-side -- D.R.]: Bahia Blanca in Argentina and the UAE’s Dubai terminal. [Full story]
(Brazil imported 298 Bcf of natural gas in 2009, a 24 percent drop from 2008. The decline in Brazilian overall natural gas demand, coupled with policy choices aimed at reducing imports, led to this decline. The country currently receives imports by pipeline from Bolivia and liquefied natural gas (LNG) imports from Trinidad and Tobago and Nigeria. Import growth in the future is expected to be met more with LNG than with conventional pipeline imports. Brazil imports natural gas from Bolivia via the Gasbol pipeline, which links Santa Cruz, Bolivia to Porto Alegre, Brazil, via Sao Paulo. The 2,000-mile Gasbol has a maximum capacity of 1.1 Bcf per day (Bcf/d). In early 2009, Brazil announced that it would reduce imports from Bolivia from 1.1 Bcf/d to 0.7 Bcf/d. According to ANP, Brazilian imports of Bolivian gas have since declined by 27 percent. However, Bolivia still accounted for 96 percent of Brazil’s total natural gas imports. The Pecem---please see image below---received its first LNG cargo from Trinidad and Tobago in July 2008, while the Guanabara Bay terminal came online in May 2009. According to ANP, Brazil received 15 Bcf of natural gas in the form of LNG in 2009, mostly from Trinidad and Tobago---please see U.S. EIA, Brazil Country Analysis Brief, Jan 2011, here. For the Petrobras's standing in the company rankings---PIW's and others---please see my blog stand-alone page "Companies" > Petrobras, here. -- D.R.)
Source: LNGpedia.com here Description: The Floating Storage and Regasification Unit---FSRU---vessel, the Golar Spirit, is reportedly the world's first methane vessel to have been converted to perform LNG regasification on board. The regasification capacity of the Golar Spirit is seven million cubic meters (cbm) per day, and its storage capacity is 129,000 cbm of LNG, equivalent to 77 million cbm of natural gas.
Petroleo Brasileiro SA (Petrobras) reported it will install a third offshore LNG terminal.
The Bahia regasification terminal (TRBA), with capacity to regasify 14 million cu m/day (cmd), will supply natural gas to the state of Bahia, the heaviest consumer of gas among the northeastern Brazilian states.
TRBA will be installed in the Bay of All Saints and interconnect with a pipeline network at two sites: one in the Bahia network, at Candeias, and the other at kilometer 910 on the Cacimbas-Catu pipeline, a section of the Southeast-Northeast Gas Pipeline started up in March 2010.
As part of Brazil’s Growth Acceleration Program, Petrobras said, work will begin in March 2012 with completion scheduled for August 2013 under an investment of nearly $425 million.
Currently, Brazil has LNG terminals at Pecem (State of Ceara) with a regasification capacity of 7 million cmd, and in the Guanabara Bay (State of Rio de Janeiro) with capacity of 14 million cmd. When the TRBA terminal comes online in September 2013, Brazil’s total regasification capacity will reach 35 million cmd, overtaking the gas imports via pipeline from Bolivia (31 million cmd).
At the Pecem and Guanabara Bay terminals, tankers moor at a two-berth pier and LNG is transferred over cryogenic arms from supply vessel to regasification vessel. At the TRBA terminal, LNG will be transferred directly between vessels using side-by-side docking, which means that the regasification vessel will dock at a single-berth, island-type pier, said the company.
With direct connection to the supply vessel, LNG will be transferred over short hoses or loading arms to the regasification vessel, which will convert LNG back into a vapor [i.e., gaseous state].
Gas will then be injected into the pipeline network through a 28-in. pipeline that is 49 km long including a 15-km subsea section.
Petrobras noted that currently only two [sic] other LNG terminals in the world use this configuration [i.e., side-by-side -- D.R.]: Bahia Blanca in Argentina and the UAE’s Dubai terminal. [Full story]
(Brazil imported 298 Bcf of natural gas in 2009, a 24 percent drop from 2008. The decline in Brazilian overall natural gas demand, coupled with policy choices aimed at reducing imports, led to this decline. The country currently receives imports by pipeline from Bolivia and liquefied natural gas (LNG) imports from Trinidad and Tobago and Nigeria. Import growth in the future is expected to be met more with LNG than with conventional pipeline imports. Brazil imports natural gas from Bolivia via the Gasbol pipeline, which links Santa Cruz, Bolivia to Porto Alegre, Brazil, via Sao Paulo. The 2,000-mile Gasbol has a maximum capacity of 1.1 Bcf per day (Bcf/d). In early 2009, Brazil announced that it would reduce imports from Bolivia from 1.1 Bcf/d to 0.7 Bcf/d. According to ANP, Brazilian imports of Bolivian gas have since declined by 27 percent. However, Bolivia still accounted for 96 percent of Brazil’s total natural gas imports. The Pecem---please see image below---received its first LNG cargo from Trinidad and Tobago in July 2008, while the Guanabara Bay terminal came online in May 2009. According to ANP, Brazil received 15 Bcf of natural gas in the form of LNG in 2009, mostly from Trinidad and Tobago---please see U.S. EIA, Brazil Country Analysis Brief, Jan 2011, here. For the Petrobras's standing in the company rankings---PIW's and others---please see my blog stand-alone page "Companies" > Petrobras, here. -- D.R.)
Sunday, February 20, 2011
Top 10 Largest Refining Companies in Asia, the USA and Western Europe -- OGJ
by David Rachovich
Largest Refining Companies in Asia, the USA and Western Europe
Region
|
Rank
|
Company
|
No. of Refineries
|
Crude Capacity, barrels per calendar day (b/cd)*
|
Asia
| ||||
1.
|
Sinopec (China)
|
27
|
3,971,000
| |
2.
|
CNPC (China)
|
25
|
2,615,000
| |
3.
|
ExxonMobil (USA)
|
10
|
1,937,500
| |
4.
|
JX Nippon Oil & Energy Corp. (Japan)
|
7
|
1,423,200
| |
5.
|
Royal Dutch Shell PLC (NL/UK)
|
13
|
1,324,875
| |
6.
|
Indian Oil Co. Ltd. (India)
|
11
|
1,274,293
| |
7.
|
Reliance Industries Ltd. (India)
|
2
|
1,240,000
| |
8.
|
Pertamina (Indonesia)
|
8
|
1,011,825
| |
9.
|
SK Corp. (South Korea)
|
1
|
817,000
| |
10.
|
Chinese Petroleum Corp. (CPC, Taiwan)
|
3
|
770,000
| |
USA
| ||||
1.
|
ConocoPhillips (USA)
|
13
|
2,226,200
| |
2.
|
ExxonMobil Corp. (USA)
|
7
|
2,043,000
| |
3.
|
Valero Energy Corp. (USA)
|
12
|
1,999,660
| |
4.
|
BP PLC (UK)
|
6
|
1,476,575
| |
5.
|
Marathon Oil Corp. (USA)
|
7
|
1,188,000
| |
6.
|
Royal Dutch Shell PLC (NL/UK)
|
8
|
971,250**
| |
7.
|
Chevron Corp. (USA)
|
5
|
941,000
| |
8.
|
PDVSA (Venezuela)
|
4
|
849,400***
| |
9.
|
Sunoco Inc. (USA)
|
4
|
825,000
| |
10.
|
Flint Hills Resources (USA)
|
3
|
816,525
| |
Western Europe
| ||||
1.
|
Total SA (France)
|
15
|
2,121,085
| |
2.
|
ExxonMobil Corp. (USA)
|
9
|
1,668,000
| |
3.
|
Royal Dutch Shell PLC (NL/UK)
|
11
|
1,551,801
| |
4.
|
Agip Petroli SPA (Italy)
|
10
|
876,117
| |
5.
|
BP PLC (UK)
|
8
|
868,954
| |
6.
|
Repsol YPF SA (Spain)
|
5
|
709,200
| |
7.
|
TUPRAS (Turkey)
|
4
|
613,275
| |
8.
|
ConocoPhillips (USA)
|
4
|
610,125
| |
9.
|
Petroplus (Switzerland)
|
5
|
581,000
| |
10.
|
CEPSA (Spain)
|
3
|
427,000
| |
Notes: In table above, Shell exchanged positions with JX Nippon Oil and Indian Oil Co. Ltd. moved up in the Asia list (9 to 6); for the USA, Valero moved to No. 3 from No. 2 on the strength of closings or sales (please read notes here). ExxonMobil moved up to No. 2; Petroplus in Western Europe dropped to 9 from 6. – Please read Warren R. True and Leena Koottungal, "Global Capacity Growth Slows, But Asian Refineries Bustle," OGJ, Dec 6, 2010.
*Includes partial interests in refineries not wholly owned by the company.
**Includes Shell's stakes in Motiva and its 50% stake in the Deer Park, Texas, refinery.
***Consists of PDVSA's ownership of Citgo and its 50% stake in the ExxonMobil Chalmette, Louisiana, refinery.
Source: Oil & Gas Journal, Dec 6, 2010.
(Also, please see my post "World's Top 25 Largest Refining Companies, Jan 1, 2011 -- OGJ," and Aaron and David Rachovich, "World's Top 21 Largest Oil Refineries -- OGJ." Furthermore, please see "Top 28 Largest Refineries in the U.S. as of Jan 1, 2011 -- EIA," and "Top 20 Largest Refining Companies/Refiners in the U.S. as of Jan 1, 2011." Update: "Top 10 Largest Refining Companies in Asia," Feb 13, 2012 -- D.R.)
(Also, please see my post "World's Top 25 Largest Refining Companies, Jan 1, 2011 -- OGJ," and Aaron and David Rachovich, "World's Top 21 Largest Oil Refineries -- OGJ." Furthermore, please see "Top 28 Largest Refineries in the U.S. as of Jan 1, 2011 -- EIA," and "Top 20 Largest Refining Companies/Refiners in the U.S. as of Jan 1, 2011." Update: "Top 10 Largest Refining Companies in Asia," Feb 13, 2012 -- D.R.)
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