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โพสต์โดย Taylor » อังคาร 13 มี.ค. 2018 12:25 pm

Oil and Gas News: April 29-May 3 Wholesale Alabama Crimson Tide Jerseys , 2013
Last Updated: 06-May-2013

1. Chesapeake Energy Swings to 1st-Quarter Profit (May 1, 2013)

Chesapeake Energy has reported first quarter profit of USD58 million as compared to a loss of USD28 million last year. Chesapeake recently witnessed a management overhaul when its long time chief executive and company co-founder stepped down. Significantly, Chesapeake has been able to establish itself as the second largest natural gas producer in the US, next only to Exxon Mobil, by aggressively acquiring new acreage. However Wholesale Auburn Tigers Jerseys , Chesapeake has not been able to reduce its debt as quickly as it had promised.

2. Imperial starts up Kearl oil sands mine (April 29, 2013)

Production of mined diluted bitumen has been reported from the first of three trains at Imperial Oil Ltd.’s Kearl oil sands project. Production is expected to reach 110,000 bd when all three trains are operational later in 2013. Production from Kearl is expected to double by the end of 2015 and reach an output of about 345,000 bd by 2020. The ultimate recovery of 4.6 billion bbl of bitumen is expected to be spread over a period of more than 40 years. Imperial holds a 70.96% interest in the Kearl project and is the operator.


1. Statoil 'On Track' for 2.5 MMboepd by 2020 (May 2, 2013)

For Q1 2013 Wholesale Clemson Tigers Jerseys , Statoil has reported production of 2 MMboepd which is a decrease as compared to Q1 2012’s production of 2.19 MMboepd. Although the company had anticipated lower production, it reduced further due to operational disruptions at three of its fields. The company however said that it managed to deliver record international production. The company further said that it was on track to deliver 2%–3% average annual production growth from 2012 to 2016, with production above 2.5 million barrels of oil equivalent per day (MMboepd) by 2020.

2. Lukoil to develop West Siberia license (April 30, 2013)

In September 2014, Lukoil plans to start developing the oil project on its Imilorsko-Istochnoye license in West Siberia. The company is hopeful of starting oil production by March 2015. As per early estimates Wholesale Florida State Seminoles Jerseys , the area has 193.7 million tonnes of crude oil reserves.

3. Rosneft, Mitsui sign petrochemical MOU (April 29, 2013)

Japan’s Mitsui and Co. and Russian Rosneft have signed an MoU to together build a petrochemical complex in far-east Russia. The petrochemical plant is expected to have the capacity to process 3.4 million tonnes per year (tpy) of feedstock to produce ethylene and propylene.


1. Iraqis, Kurds Reach Agreement over Oil Payments (May 2, 2013)

Officials from Iraq have said that there has been an agreement between the Iraqi federal government and Iraq's semi-autonomous region of Kurdistan Wholesale Georgia Bulldogs Jerseys , which is expected to solve the dispute over payments to foreign companies. Because of the dispute, most of the crude oil exports from the region had come to a standstill. After the provisions of the agreement become operational, Kurdistan will be able to restart export of almost 250,000 barrels of oil per day through and export pipeline controlled by the Iraqi federal government, thereby raising Iraq’s exports to almost 2.9 million barrels per day.

2. Shell in 30-Year JV to Develop Bab Gas Field (April 30 Wholesale Kansas Jayhawks Jerseys , 2013)

Royal Dutch Shell has been selected by the state-run Abu Dhabi National Oil Co. or Adnoc to operate the Bab sour gas field. Shell has entered into a 30-year JV with Adnoc to develop the Bab sour gas reservoirs. Shell will hold a 40% equity stake in the JV while Adnoc will hold the remaining stake. Gas output from the Bab Gas Field will supply the local market in the UAE.

3. EIA: Sanctions reduced Iran's oil exports and revenues in 2012 (April 26, 2013)

According to US Energy Information Administration, in 2012, Iran’s crude oil and lease condensate exports reached the lowest level since 1986. This was due to the tightening of US and European Union sanctions aimed at Iran’s oil sector. In 2012, Iran exported 1.5 mbd of crude oil and lease condensates which fetched export revenues of USD69 billion which was much lower than that of USD95 billion in 2011.


1. Egypt To Adopt New Oil Wholesale Lsu Tigers Jerseys , Gas Licensing Policy (April 30, 2013)

Egypt’s oil minister has said that the country will introduce a new licensing policy for its future oil and gas exploration contracts signed with foreign companies. As per the new licensing policy, the country will have a larger share of production. Also, Egypt’s share of the output will increase with increase in production. The new policy will however not be applicable to the eight oil and gas exploration projects in the Mediterranean Sea that Egypt awarded earlier in April.


1. Petronet considering LNG imports from US, Canada (May 3 Wholesale Miami Hurricanes Jerseys , 2013)

Petronet LNG Ltd. is considering importing LNG from Canada and the US to meet the surging energy requirements of India. Petronet is India’s largest importer of LNG. Last month Petronet had signed an agreement with United LNG of the US for purchase of 4 million tonnes of LNG per annum for 20 years beginning from 2018.

2. ONGC's oil production down 6% (May 2, 2013)

For the year ended March 31, 2013, ONGC has reported a drop in crude oil production by 6%. In 2012-2013, the company produced 20.5 million tonnes of crude oil which was almost 5.8% lower than the production of 21.8 million tonnes of crude oil in 2011-2012. The decline in production was due to poor output from its Mumbai High fields. However Wholesale Michigan Wolverines Jerseys , the compan
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