BP: US oil production growth hit record-high in 2012

by Conglin Xu, OGJ, June 12, 2013

The US recorded the largest single-year increase in oil production in 2012, according to the BP Statistical Review of World Energy. The review, released June 12 [2013], was the company’s 62nd annual report.

Backed by increasing production of unconventional oil and gas, the US recorded the highest growth in both oil and natural gas output in 2012, BP said. Meanwhile, coal consumption in the US experienced the largest decline in 2012 as it was displaced by less-expensive natural gas in electric power generation.

According to BP, world nuclear output recorded the largest annual decline in 2012. After 2011’s Fukushima accident, “higher imports of fossil fuels including [LNG] kept the lights on” in Japan. Due to higher natural gas prices in Europe, power generators substituted coal for gas—an opposite course from the US. [...]

World [primary - D.R.] energy consumption also dropped to 1.8% in 2012, down from 2.4% the previous year, BP reported. The decline was attributable to the economic slowdown as well as improved energy consumption efficiency due to high prices. As the major source of demand growth, emerging countries accounted for 56% of global consumption, up from 42% just 20 years ago.

Global oil consumption increased by 890,000 b/d, 0.9% below the historical average. OECD consumption declined by 1.3% (530,000 b/d) and non-OECD consumption grew by 3.3% (1.4 million b/d).

Global oil production climbed by 1.9 million b/d. Despite a decline in Iranian output due to international sanctions, OPEC contributed to about three quarters of the global increase. [Libyan production recovered strongly after the sharp drop in output in 2011, and Saudi Arabia, the UAE, and Qatar all produced at record levels - D.R.]. Non-OPEC production grew by 490,000 b/d [revised figure 440,000 b/d, according to BP data - D.R.] with increases in the US, Canada, Russia, and China.

BP’s review also stated that world natural gas consumption grew by 2.2%, below the historical average of 2.7%. [Read more]

(Please see BP Statistical Review of World Energy June 2013 - D.R.)

World's Top 25 Largest Refiners, Jan 1, 2013 -- OGJ

by David Rachovich

World's Top 25 Refining Companies 

Rank  Jan 1, 2013	Rank  Jan 1, 2012	Company	Crude Capacity, barrels per calendar day (b/cd)*
1.	1.	ExxonMobil Corp. [USA]	5,657,500
2.	2.	Royal Dutch/Shell [NL/UK]	4,194,239
3.	3.	Sinopec [China]	3,971,000
4.	4.	BP [UK]	3,322,170
5.	5.	Valero Energy Corp. [USA]	2,776,500
6.	6.	PDVSA [Venezuela]	2,678,000
7.	7.	CNPC [China]	2,675,000
8.	9.	Chevron Corp. [USA]**	2,584,600
9.	8.	Phillips 66 [USA]	2,504,200
10.	10.	Saudi Aramco [Saudi Arabia]	2,451,500
11.	11.	Total SA [France]	2,304,326
12.	12.	Petrobras [Brazil]	1,997,000
13.	13.	Pemex [Mexico]	1,703,000
14.	14.	NIOC [Iran]	1,451,000
15.	15.	JX Nippon Oil & Energy [Japan]	1,423,200
16.	16.	Rosneft [Russia]	1,293,000
17.	18.	Marathon Petroleum Co LP [USA]	1,248,000
18.	17.	OAO Lukoil [Russia]	1,217,000
19.	19.	SK Innovation [South Korea]	1,115,000
20.	20.	Repsol YPF SA [Spain]	1,105,500
21.	21.	KNPC [Kuwait]	1,085,000
22.	22.	Pertamina [Indonesia]	993,000
23.	23.	Agip Petroli SpA [Italy]	904,000
24.	24.	Flint Hills Resources [USA]	798,475
25.	25.	Sunoco Inc [USA]	505,000

Notes: Major changes in positions since Jan. 1, 2012, are few: Chevron and Phillips swapped ranks as well as Marathon and OAO Lukoil. Other changes in capacity are due to adjustments in declared capacity. – Please read Warren R. True and Leena Koottungal, "Asia, Middle East Lead Modest Recovery in Global Refining," OGJ, Dec 3, 2012, Table 1. Top 5 largest refiners (refining companies) in the USA are: Valero (12 refineries with 2,096,500 b/cd of crude capacity), Phillips 66, ExxonMobil, BP and Marathon---please see ibid., Table 2. For the USA, Valero has moved into the top spot for company-wide capacity, pushing Phillips 66 to No. 2. Also, please see my post "Top 20 Largest Refining Companies/Refiners in the U.S. as of Jan 1, 2011." -- D.R 

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

 **Includes holdings in Caltex Oil and GS Caltex.

Source: Oil & Gas Journal, Dec 3, 2012.

(Please see my posts: "World's Top 25 Largest Refining Companies, Jan 1, 2011 – OGJ, "World's Top 21 Largest Oil Refineries – OGJ," Jan 6, 2013; "World's Top 21 Largest Oil Refineries – OGJ," Feb 7, 2012; and Aaron & David Rachovich, "World's Top 21 Largest Oil Refineries – OGJ," Feb 19, 2011 – D.R.)

World's 22 Largest Oil Consumers, 2007-2011 -- BP

by David Rachovich

Oil Consumption*  

Rank	Country	Year 2011 (thousand barrels per day)	Year 2010 (thousand barrels per day)	Year 2009 (thousand barrels per day)	Year 2008 (thousand barrels per day)	Year 2007 (thousand barrels per day)
1.	United States	18,835	19,180	18,771	19,498	20,680
2.	China**	10,121	9,612	8,546	8,230	8,141
3.	Japan	4,418	4,413	4,381	4,809	5,007
4.	India	3,473	3,332	3,267	3,068	2,835
5.	Russia	2,961	2,804	2,710	2,779	2,648
6.	Saudi Arabia	2,856	2,748	2,555	2,338	2,163
7.	Brazil	2,653	2,629	2,415	2,395	2,235
8.	South Korea	2,397	2,392	2,339	2,308	2,399
9.	Germany	2,362	2,445	2,409	2,502	2,380
10.	Canada	2,293	2,298	2,179	2,288	2,323
11.	Mexico	2,027	2,014	1,995	2,054	2,067
12.	Iran	1,824	1,887	1,923	1,906	1,843
13.	France	1,724	1,761	1,822	1,889	1,911
14.	United Kingdom	1,542	1,588	1,610	1,683	1,716
15.	Italy	1,486	1,532	1,563	1,661	1,740
16.	Indonesia	1,430	1,426	1,316	1,263	1,271
17.	Spain	1,392	1,447	1,475	1,559	1,616
18.	Singapore	1,192	1,154	1,067	990	941
19.	Thailand	1,080	1,052	1,042	1,004	1,023
20.	Netherlands	1,052	1,058	1,041	1,069	1,123
21.	Australia	1,003	956	931	936	925
22.	Taiwan	951	1,028	987	992	1,096
Total World		88,034	87,439	84,631	85,768	86,321
OECD		45,924	46,523	46,009	48,023	49,632
Non-OECD		42,111	40,917	38,623	37,745	36,689
EU		13,478	13,860	13,949	14,685	14,755

 

*Inland demand plus international aviation and marine bunkers and refinery fuel and loss.  Consumption of fuel ethanol and biodiesel is also included.

**Including Hong Kong. Hong Kong's consumption was 363,000 barrels per day in 2011, 361,000 b/d in 2010, 334,000 b/d in 2009, 293,000 b/d in 2008 and 324,000 b/d in 2007 (D.R.)

Source: BP Statistical Review of World Energy, June 2012