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
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
USGS: the Barents Sea continental shelf there are 76 billion barrels of recoverable oil and gas reserves
According to the U.S. Geological Survey (USGS) said the Barents Sea continental shelf have marked more than 76 billion barrels of recoverable oil and gas reserves. USGS estimates of the Barents Sea four geological provinces have been found, conventional and technically recoverable oil resources, including 110 million barrels of oil and 380 trillion cubic feet of natural gas and 20 million barrels of natural gas liquids.
USGS is in the 2008 assessment. Located in the Barents Sea continental shelf north of the Arctic Circle, an area of 1,760,000 square kilometers, most of the water depth of less than 500 meters.
According to the USGS report said: "This region has most of the Arctic basin, some of the important features, including sparse data, the higher the uncertainty of the geological potential of oil exploration and exploitation of abundant resources, as well as the technical difficulty and so on."
Jul. 3, 2009
USGS is in the 2008 assessment. Located in the Barents Sea continental shelf north of the Arctic Circle, an area of 1,760,000 square kilometers, most of the water depth of less than 500 meters.
According to the USGS report said: "This region has most of the Arctic basin, some of the important features, including sparse data, the higher the uncertainty of the geological potential of oil exploration and exploitation of abundant resources, as well as the technical difficulty and so on."
Jul. 3, 2009
Iraq to re-Ajeel oil production project
June 27 news in Baghdad, the Iraqi North Oil Company, general manager of June 25 the Iraqi media in an interview with reporters said, from Iraq's Northern Oil Company's technical staff and engineers recently launched a project aimed at the restoration of Kirkuk is located in Ajeel Province oil fields oil production projects.
He said the 35,000 barrels of oil have on the oil production capacity. This field in 2003 after the US-British coalition forces invaded Iraq to stop oil production in Iraq's North Oil Company plans to complete this before the end of this year to re-start the project.
The city of Kirkuk from the Iraqi capital Baghdad, about 156 miles, the northern Iraqi city of Kirkuk is the center of the oil industry.
Jun. 29, 2009
He said the 35,000 barrels of oil have on the oil production capacity. This field in 2003 after the US-British coalition forces invaded Iraq to stop oil production in Iraq's North Oil Company plans to complete this before the end of this year to re-start the project.
The city of Kirkuk from the Iraqi capital Baghdad, about 156 miles, the northern Iraqi city of Kirkuk is the center of the oil industry.
Jun. 29, 2009
Sinopec to buy 7.24 billion U.S. dollars will be Addax Petroleum of Switzerland
Beijing, June 25, China Petrochemical Corporation on the 24th announced that its subsidiary wholly-owned subsidiary of Sinopec International Petroleum Exploration and Development Co., Ltd., headquartered in Switzerland with the cash acquisition of Addax Petroleum reached agreement to each Unit price of 52.80 Canadian dollars to buy all the shares of the company.
It is understood that Sinopec to acquire a total 82.7 billion Canadian dollars, equivalent to 7.24 billion U.S. dollars. Sinopec said the acquisition Addax Petroleum has received the unanimous support of the board of directors. However, the final completion of the agreement must receive the approval of relevant government departments. As a multi-national oil and gas exploration and development company, Addax Petroleum in West Africa and the Middle East have oil and gas assets. As of the end of last year, the company's proven oil reserves of 5.36 million barrels, with an average daily output of crude oil 140,000 barrels of crude oil production was 7,000,000 tons.
Sinopec said that the acquisition of Addax Petroleum will be conducive to China's Sinopec International Petroleum Exploration and Development Co., Ltd. to achieve its strategic objectives and strengthen its presence in West Africa and the Iraq region. The company a good potential for deep-water oil exploration for Sinopec International Petroleum Exploration and Development Co., Ltd. to create a good development platform.
Sinopec also said that completion of the acquisition, Addax Petroleum will continue to retain the existing management team and employees.
Sinopec International Petroleum Exploration and Development Co., Ltd. on behalf of unity in the exercise of the upstream and downstream petrochemical investment projects for foreign cooperation and a unified management, is engaged in upstream and downstream petrochemical investment and management company of the only specialization. Its overseas oil and gas exploration and development projects throughout Africa, Central Asia, the Middle East, Russia, the Americas, South Asia more than 20 countries, has taken shape in the overseas oil and gas production strategic cooperation.
Jun. 25, 2009
It is understood that Sinopec to acquire a total 82.7 billion Canadian dollars, equivalent to 7.24 billion U.S. dollars. Sinopec said the acquisition Addax Petroleum has received the unanimous support of the board of directors. However, the final completion of the agreement must receive the approval of relevant government departments. As a multi-national oil and gas exploration and development company, Addax Petroleum in West Africa and the Middle East have oil and gas assets. As of the end of last year, the company's proven oil reserves of 5.36 million barrels, with an average daily output of crude oil 140,000 barrels of crude oil production was 7,000,000 tons.
Sinopec said that the acquisition of Addax Petroleum will be conducive to China's Sinopec International Petroleum Exploration and Development Co., Ltd. to achieve its strategic objectives and strengthen its presence in West Africa and the Iraq region. The company a good potential for deep-water oil exploration for Sinopec International Petroleum Exploration and Development Co., Ltd. to create a good development platform.
Sinopec also said that completion of the acquisition, Addax Petroleum will continue to retain the existing management team and employees.
Sinopec International Petroleum Exploration and Development Co., Ltd. on behalf of unity in the exercise of the upstream and downstream petrochemical investment projects for foreign cooperation and a unified management, is engaged in upstream and downstream petrochemical investment and management company of the only specialization. Its overseas oil and gas exploration and development projects throughout Africa, Central Asia, the Middle East, Russia, the Americas, South Asia more than 20 countries, has taken shape in the overseas oil and gas production strategic cooperation.
Jun. 25, 2009
Subscribe to:
Posts (Atom)
