According to media in Ottawa on July 22 reported that the Canadian Competition Bureau has approved the Government of Canada No. 2 Spodiopogon sand production company Suncor Energy Inc. and No. 3 largest oil company in Canada Petro-Canada merger.
Competition Bureau Canada, the Government agreed to the agreement called for Suncor Energy Inc. and Petro-Canada to take measures to maintain Ontario's retail and wholesale business and in the next 10 years into the Ontario area of the supply and production. Suncor Energy President and CEO, said the new company after the merger will become Canada's largest energy companies. Under the agreement, Suncor Energy Inc. and Petro-Canada from the merger of August 1 this year will take effect.
Jul. 23, 2009
BP: the world's remaining proven reserves of crude oil production to 42 years
Published on the 17th British Petroleum "BP Statistical Review of World Energy 2009," said the world's remaining proven oil reserves of 1.258 trillion barrels (excluding the Canadian oil sands), in accordance with the 2008 annual exploitation rate could be mining for 42 years.
Statistical report also pointed out that in the same manner in accordance with the terms of the existing exploitable natural gas reserves 60 years, and the exploitation of coal reserves could be 122 years.
According to BP's statistics, in 2008 the global primary energy consumption increased by 1.4% in 2001, the slowest growth since a year. China's energy consumption growth slowed for the first 5 years. Overall energy consumption in developed countries fell by 1.3 percent, the U.S. energy consumption declined by 2.8%, in 1982 the largest decline since. BP chief economist at the Ruhr Christopher pointed out that non-OECD countries in 2008 primary energy consumption in OECD countries for the first time.
"BP Statistical Review of World Energy 2009" shows that in 2008 global oil consumption by 0.6%, which is since 1993 the first decline in 27 years is also the biggest drop. Oil consumption in OECD countries fell 3.2%, the third consecutive decline in 3 years. Among them, the United States drop the top, down 6.4%.
Jul. 19, 2009
Statistical report also pointed out that in the same manner in accordance with the terms of the existing exploitable natural gas reserves 60 years, and the exploitation of coal reserves could be 122 years.
According to BP's statistics, in 2008 the global primary energy consumption increased by 1.4% in 2001, the slowest growth since a year. China's energy consumption growth slowed for the first 5 years. Overall energy consumption in developed countries fell by 1.3 percent, the U.S. energy consumption declined by 2.8%, in 1982 the largest decline since. BP chief economist at the Ruhr Christopher pointed out that non-OECD countries in 2008 primary energy consumption in OECD countries for the first time.
"BP Statistical Review of World Energy 2009" shows that in 2008 global oil consumption by 0.6%, which is since 1993 the first decline in 27 years is also the biggest drop. Oil consumption in OECD countries fell 3.2%, the third consecutive decline in 3 years. Among them, the United States drop the top, down 6.4%.
Jul. 19, 2009
Canada has 178 billion barrels of oil (oil sands) reserves
According to the U.S., "Oil and Gas Journal" The latest statistics show that ended in January 2009, Canada has a 178 billion barrels of proven oil reserves, second only to Saudi Arabia, the world's second-place ranking. Those of the majority of proven oil reserves (more than 95%) are located in Alberta's oil sands reserves. Oil sands and conventional crude oil than in the extraction and processing more difficult.
Canada is a net exporter of oil in 2008, net oil exports one million barrels / day. Canadian oil production in 2008 reached 3.35 million barrels / day, decreased slightly in 2007 than 70,000 barrels / day. Despite the decline last year, but in the past decade, Canada's oil production has been a steady increase, as new oil sands projects and offshore oil project put into operation one after another to make up for the old oil field production. Canada, in 2008 consumption of 2,320,000 barrels / day of oil. Canadian oil exports goes to the United States more than 99%.
Jul. 15, 2009
Canada is a net exporter of oil in 2008, net oil exports one million barrels / day. Canadian oil production in 2008 reached 3.35 million barrels / day, decreased slightly in 2007 than 70,000 barrels / day. Despite the decline last year, but in the past decade, Canada's oil production has been a steady increase, as new oil sands projects and offshore oil project put into operation one after another to make up for the old oil field production. Canada, in 2008 consumption of 2,320,000 barrels / day of oil. Canadian oil exports goes to the United States more than 99%.
Jul. 15, 2009
IEA: oil demand rebound next year
International Energy Agency (IEA) report published yesterday, the forecast of global oil demand will rebound next year, with the global economy to recover gradually from the recession, oil demand experienced since the early 1980s after the biggest drop since the future will be pick-up.
IEA, in its the first time in 2010 to predict the demand for the monthly report that global oil consumption next year will increase 1.4 million barrels per day, or 1.7 percent, to 85.2 million barrels, mainly from growth in economic cooperation and Development (OECD) member countries other than the emerging markets.
Market was looking forward to the Government launched a global program could save the city from the sixties to the most serious recession, oil prices at the beginning of this year, an increase of three percent, but market worries about the recovery efforts, once again yesterday, oil below 60 U.S. dollars, low-see 59.5 U.S. dollars. Last year, today, oil prices have been high in the all-time high of 147.27 U.S. dollars.
Jul. 11, 2009
IEA, in its the first time in 2010 to predict the demand for the monthly report that global oil consumption next year will increase 1.4 million barrels per day, or 1.7 percent, to 85.2 million barrels, mainly from growth in economic cooperation and Development (OECD) member countries other than the emerging markets.
Market was looking forward to the Government launched a global program could save the city from the sixties to the most serious recession, oil prices at the beginning of this year, an increase of three percent, but market worries about the recovery efforts, once again yesterday, oil below 60 U.S. dollars, low-see 59.5 U.S. dollars. Last year, today, oil prices have been high in the all-time high of 147.27 U.S. dollars.
Jul. 11, 2009
Oman 4 months of this year exports of 79.68 million barrels of crude oil
According to Kuwait News Agency (KUNA) reported in Muscat, Oman Ministry of Economic Affairs the Government on July 5, said here with the same period last year 71,365,000 barrels of crude oil exports, compared to Oman in January this year in April to increase oil exports to 79.68 million barrels a day, increased almost 8.32 million barrels per day.
Oman Ministry of Economic Affairs issued a July 5 report that the monthly statistics, as of the end of April so far, Oman this year, 4 months before the production of crude oil reached 94.335 million barrels, more than the same period last year increased by 4.399 million barrels per day. Oman this year, 4 months ago the average daily output 786,100 barrels of crude oil than the same period last year 743,300 barrels of daily production increase of 42,800 barrels per day.
The report notes that Oman this year, 4 months ago the average price of crude oil exports to 44.95 U.S. dollars a barrel more than last year, 88.11 U.S. dollars a barrel during the same period fell by 49.4%. In the first four months, Oman, China is still the largest importer of crude oil. Oman this year, 4 months ago to the Chinese exported 27,486,000 barrels of crude oil, but the same period last year a decrease of 35,160,000 barrels of 7,674,000 barrels. South Korea this year, 4 months ago Oman's No. 2 oil major importing countries, 3 in Thailand.
Jul. 7, 2009
Oman Ministry of Economic Affairs issued a July 5 report that the monthly statistics, as of the end of April so far, Oman this year, 4 months before the production of crude oil reached 94.335 million barrels, more than the same period last year increased by 4.399 million barrels per day. Oman this year, 4 months ago the average daily output 786,100 barrels of crude oil than the same period last year 743,300 barrels of daily production increase of 42,800 barrels per day.
The report notes that Oman this year, 4 months ago the average price of crude oil exports to 44.95 U.S. dollars a barrel more than last year, 88.11 U.S. dollars a barrel during the same period fell by 49.4%. In the first four months, Oman, China is still the largest importer of crude oil. Oman this year, 4 months ago to the Chinese exported 27,486,000 barrels of crude oil, but the same period last year a decrease of 35,160,000 barrels of 7,674,000 barrels. South Korea this year, 4 months ago Oman's No. 2 oil major importing countries, 3 in Thailand.
Jul. 7, 2009
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