World's Top 23 Crude Oil Producers, November 2011 (including OPEC production) -- EIA

by David Rachovich

Production of Crude Oil including Lease Condensate (Thousand Barrels Per Day), November 2011 - EIA

Rank	Country	Nov 2011	Share of total
1.	Saudi Arabia*	9,840	13.1%
2.	Russia	9,595	12.8%
3.	United States	5,842	7.8%
4.	China	4,006	5.3%
5.	Iran*	4,000	5.3%
6.	Canada	2,974	4.0%
7.	Iraq*	2,725	3.6%
8.	United Arab Emirates*	2,720	3.6%
9.	Kuwait*	2,600	3.5%
10.	Mexico	2,573	3.4%
11.	Nigeria*	2,500	3.3%
12.	Venezuela*	2,240	3.0%
13.	Brazil	2,188	2.9%
14.	Angola*	1,940	2.6%
15.	Norway	1,764	2.4%
16.	Algeria*	1,731	2.3%
17.	Kazakhstan	1,528	2.0%
18.	Qatar*	1,300	1.7%
19.	United Kingdom	1,022	1.4%
20.	Azerbaijan	986	1.3%
21.	Colombia	965	1.3%
22.	Oman	871	1.2%
23.	Indonesia	854	1.1%
Top 23 countries		66,764	89%
OPEC**		32,650	43.6%
All Countries (World)		74,954	100.0%

 *OPEC member. Data for Kuwait and for Saudi Arabia each include one-half of the production in the Kuwait-Saudi Arabia Neutral Zone.

**OPEC total includes also Libya's production of 550,000 barrels of crude per day and Ecuador's production of 504,118 barrels of crude per day.

Source: U.S. Energy Information Administration (EIA), International Energy Statistics, here 

(Figures above may be updated at any time by EIA. Please compare to: "World's Top 20 Crude Oil Producers, Nov. 2010 – EIA." Please see my post "OPEC's Top Crude Oil Producers, 2011-Jan. 2012." Also, please see "World's Top 22 Oil Producers, Full Year 2010, including OPEC and plus 2009 production," here. And "Africa's Top 8 Oil Producers, 2006-2010," here. Plus "Top 8 Oil Producers in Asia & Oceania, 2006-2010," here. Moreover, please see Aaron and David Rachovich, "OPEC's Top Crude Oil Producers, 2010-Jan.2011," here. And "World's Top 22 Proven Oil Reserves Holders," here, "World's Top 23 Proven Oil Reserves Holders, Jan 1, 2012 – OGJ" and "World's Top 15 Oil Net Exporters in 2011 vis-à-vis 2009 -- EIA."  For Colombia's production, please see my post "Colombia's Oil Production at Highest Level since 1999." Update: "World's Top 25 Crude Oil Producers, 2010-2012 -- EIA," -- D.R.)

PFC Energy 50 Ranking of World’s Top Energy Companies: SuperMajors, led by Chevron, Top 2011 Value Growth Performance

by PFC Energy, press release, Washington D.C., Jan 23, 2012

The six SuperMajors posted the best group performance among companies returning to this year’s PFC Energy 50 list. ExxonMobil, Royal Dutch Shell [#3 at $234.6 bn -- D.R], Chevron, BP [#6 at $135.5 bn -- D.R.], TOTAL [#8 at $121.0 bn -- D.R.] and ConocoPhillips [#10 at 96.8 bn -- D.R.] increased their combined market capitalization 8% during 2011 to $1.2 trillion. Chevron (#4 at $211.9 bn) increased its valuation by 15% from $183.6 bn one year ago—the largest percentage increase of any returning company.

 

ExxonMobil (#1 at $406.3 bn) kept the first place position it has held every year except 2007 and 2009, when the list was headed by PetroChina, this year at #2 with a market valuation of $276.6 bn.

 

“At higher oil prices than four years ago the combined $3.6 trillion valuation of the PFC Energy 50 companies still falls short of the peak $5.2 trillion in December 2007,” commented PFC Energy’s Chairman and CEO, Robin West. “Several factors drive the lower valuation, including significantly lower North American gas prices and less buoyant global equity markets.”

 

Marathon [#44 in 2010 -- D.R.] ended its six-year run on the PFC Energy 50 when it spun off downstream operations in July as Marathon Petroleum. Marathon Oil (+30%) and Marathon Petroleum (+14%) led the Exploration & Production and Refining & Marking segments in share price performance. The combined market value of the two companies increased 24%.

 

Underperforming the overall list were National Oil Companies and companies located in emerging markets. With investors viewing these companies more critically due to country risk exposure and lack of portfolio diversification, the groupings posted value declines of 14% and 16%, respectively. 

 

The combined value of the four service sector companies on the PFC Energy 50 list (Schlumberger, Halliburton, National Oilwell Varco and [Luxembourg-based] Tenaris) declined by 16% as the global energy industry achieved high activity levels with no significant tightness in services and equipment markets. 

 

A major story of 2011 has been the expanding oil and gas potential of the North American onshore, which has created an intense demand for infrastructure. In recognition of their growing importance, this year’s PFC Energy 50 list includes midstream and pipeline companies. Four companies from that segment made the list—Enterprise (#25), TransCanada (#37), Enbridge (#40) and Kinder Morgan (#41). As a group, these new entrants to the PFC Energy 50 posted the year’s largest value gains. [Full Story -- D.R.] 

 

(PFC Energy, the Washington-based consulting firm, publishes an annual Top 50 ranking of the biggest publicly-traded energy companies, based mainly on capital market performance. The listing includes companies from nine sectors: International Oil Companies; National Oil Companies; Exploration & Production; Midstream/Infrastructure, Refining & Marketing; Gas/Utilities; Oilfield & Drilling Services; Equipment, Engineering & Construction; and Alternative Energy. State-backed national oil companies, or NOCs, had a bad 2011. Only two publicly traded NOCs -- Norwegian Statoil (+9%) and Colombian Ecopetrol (+1%) -- posted positive performance. The largest declines among NOCs experienced Indian ONGC (-33%, #24 in 2011 versus #21 in 2010), Brazilian Petrobras (-33%, #5 in 2011 versus #3 in 2010) and China's CNOOC (-26%, #15 in 2011 versus #10 in 2010). The full PFC Energy 50, January 2012 report is also available at https://workspaces.acrobat.com/?d=MRjCvriadJ0ApxoN67GMvQ Also, please see my previous post "World Watch: PFC Energy 50 Ranking of World's Top Energy Companies, Jan 2011." -- D.R.)

Top 10 Largest Refining Companies in Asia

by David Rachovich

Largest Refining Companies in Asia 

Rank	Company	No. of Refineries	Crude Capacity, barrels per calendar day (b/cd)*
1.	Sinopec (China)	27	3,971,000
2.	CNPC (China)	25	2,675,000
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	1,340,875
6.	Indian Oil Co. Ltd. (India)	11	1,314,566
7.	Reliance Industries Ltd.(India)	2	1,240,000
8.	SK Innovation (South Korea)	2	1,115,000
9.	Pertamina (Indonesia)	8	1,011,825
10.	Chinese Petroleum Corp. (CPC, Taiwan)	3	770,000

Notes: In table above, Pertamina and SK Innovation (formerly SK Corp.) have switched positions – please see my previous post "Top 10 Largest Refining Companies in Asia, the USA and WesternEurope – OGJ," Feb 20, 2011.  Please read Warren R. True and Leena Koottungal, "Global Capacity Growth Reverses; Asian, Mideast Refineries Progress," OGJ, Dec 5, 2011.

*Includes partial interests in refineries not wholly owned by the company.

Source: Oil & Gas Journal, Dec 5, 2011.

(Please see my post "World's Top 21 Largest Oil Refineries - OGJ," Feb 7, 2012. Also, please see my post "Mid 2012 Ranking of the World's Biggest Oil & Gas Companies -- Forbes." -- D.R.)