Washington, April 15 reported that the American Petroleum Institute (API) recently released the latest statistics show that the United States in the first quarter of this year's oil and gas drilling activity in 2004 dropped to its lowest level since, marking the oil and gas drilling activities in the United States 6 consecutive increase in the first quarter of the end of history.
Reported that the United States in the first quarter of this year after drilling a total of 11,071 oil and gas wells and dry wells, the first quarter of last year decreased by 22% and the fourth quarter of last year a decrease of 35%. U.S. first quarter of this year the number of exploration wells in the same period last year estimated a decrease of 11%, while the deep well (15,000 feet or above 15,000 feet) and shallow natural gas wells in the same period last year were estimated to reduce by 13% and 36%.
U.S. drilling company the main objective of their natural gas on the top, but the United States first quarter of this year the volume of natural gas drilling operations are still experienced in the past 10 years the largest quarterly decline. According to statistics, the U.S. operation in the first quarter of this year, about 5735 natural gas wells, the same period last year dropped by 23%. In addition, the United States in the first quarter of the number of oil wells by 23% year-on-year decline, down to 4060.
Source: www.in-en.com Apr. 18, 2009
China and Kazakhstan signed 10 billion U.S. dollars of loans-for-oil agreement
April 16, the world's No. 2 largest energy consuming countries of Kazakhstan in China will provide 10 billion U.S. dollars of loans in order to obtain the Central Asian countries a stake in the company's oil production.
According to April 16 in Beijing of the 11 agreements signed in an agreement that China National Petroleum Corporation and the Kazakhstan national oil and gas company of Kazakhstan AO Mangistaumunaigas purchase shares of the company. China President Hu Jintao and Kazakh President Nursultan Nazarbayev attended the April 16, held in Beijing 11 agreement signing ceremony.
10 billion U.S. dollars of aid, including Export-Import Bank of China to the Kazakhstan Development Bank to provide loans of 5 billion U.S. dollars, as well as China National Petroleum Corporation to the Kazakhstan national oil and gas companies five billion U.S. dollars of loans.
China and Russia this year, Brazil and Venezuela signed three other agreements for oil loans. In a 66% drop in oil prices, China began to use its huge foreign exchange reserves to buy energy assets overseas.
Source: www.in-en.com Apr. 17, 2009
According to April 16 in Beijing of the 11 agreements signed in an agreement that China National Petroleum Corporation and the Kazakhstan national oil and gas company of Kazakhstan AO Mangistaumunaigas purchase shares of the company. China President Hu Jintao and Kazakh President Nursultan Nazarbayev attended the April 16, held in Beijing 11 agreement signing ceremony.
10 billion U.S. dollars of aid, including Export-Import Bank of China to the Kazakhstan Development Bank to provide loans of 5 billion U.S. dollars, as well as China National Petroleum Corporation to the Kazakhstan national oil and gas companies five billion U.S. dollars of loans.
China and Russia this year, Brazil and Venezuela signed three other agreements for oil loans. In a 66% drop in oil prices, China began to use its huge foreign exchange reserves to buy energy assets overseas.
Source: www.in-en.com Apr. 17, 2009
Reduction in the EIA forecasts global oil demand this year
WASHINGTON, due to global economic growth is expected to decline 0.8 percent this year, the U.S. Energy Information Administration (EIA) 4 on 14 day of its global oil demand forecast for this year to cut the daily 18 million barrels a day, decreased to 84.09 million barrels / day.
U.S. Energy Information Administration in its latest monthly energy forecast that due to global economic growth will resume in 2010 to 2.6%, therefore, the Department expects global oil demand in 2010 than its March forecast of 70,000 barrels per day increase, reaching 85,220,000 barrels / day.
In addition, the U.S. Energy Information Administration is expected to Organization of Petroleum Exporting Countries (OPEC) oil production this year than the earlier estimate of 28.78 million barrels / day less 130,000 barrels / day.
U.S. Energy Information Administration said that OPEC members to cut oil production has led to reduction of world oil supply. Non-OPEC oil producers of oil this year, the average daily output of 49.77 million barrels a day for more than the United States Energy Information Administration last forecast by 1 million barrels / day.
U.S. Energy Information Administration also said that non-OPEC oil producers to increase oil production is limited and the prospects for the global economy began to recover later this year is supporting a major factor in rising oil prices. Slowdown due to global economic growth this year, the average price of U.S. crude oil is expected to be 53 U.S. dollars per barrel in 2010 to 63 U.S. dollars a barrel.
Source: www.in-en.com Apr. 16, 2009
U.S. Energy Information Administration in its latest monthly energy forecast that due to global economic growth will resume in 2010 to 2.6%, therefore, the Department expects global oil demand in 2010 than its March forecast of 70,000 barrels per day increase, reaching 85,220,000 barrels / day.
In addition, the U.S. Energy Information Administration is expected to Organization of Petroleum Exporting Countries (OPEC) oil production this year than the earlier estimate of 28.78 million barrels / day less 130,000 barrels / day.
U.S. Energy Information Administration said that OPEC members to cut oil production has led to reduction of world oil supply. Non-OPEC oil producers of oil this year, the average daily output of 49.77 million barrels a day for more than the United States Energy Information Administration last forecast by 1 million barrels / day.
U.S. Energy Information Administration also said that non-OPEC oil producers to increase oil production is limited and the prospects for the global economy began to recover later this year is supporting a major factor in rising oil prices. Slowdown due to global economic growth this year, the average price of U.S. crude oil is expected to be 53 U.S. dollars per barrel in 2010 to 63 U.S. dollars a barrel.
Source: www.in-en.com Apr. 16, 2009
Russian energy giant oil and gas reserves last year, an increase of 11%
April 14 Moscow News, the Russian energy giant Gazprom (Gazprom) today issued a memorandum of its bonds in Europe, said that the company has oil and gas reserves at the end of last year is estimated at 2173 million barrels of oil equivalent.
Gazprom said in a Reuters news agency reporters Yi Kandao and Fu Yinjian memorandum said, the reserves figure is the Census and Statistics to December 31, 2008 figures until the oil and gas reserves. Memorandum said that the reserves figures very much in line with industry analysts estimate derived from a few days ago, the reserves in 2007 compared with an increase of 11%.
Gazprom in 2007, has a million barrels of oil equivalent in 1964 of oil and gas reserves. The memorandum added that the 2173 billion barrels of oil equivalent in oil and gas reserves of 33.1 trillion cubic meters, including natural gas, condensate 1,286,800,000 tons of oil and 1,598,400,000 tons of crude oil.
Source: www.in-en.com Apr. 15, 2009
Gazprom said in a Reuters news agency reporters Yi Kandao and Fu Yinjian memorandum said, the reserves figure is the Census and Statistics to December 31, 2008 figures until the oil and gas reserves. Memorandum said that the reserves figures very much in line with industry analysts estimate derived from a few days ago, the reserves in 2007 compared with an increase of 11%.
Gazprom in 2007, has a million barrels of oil equivalent in 1964 of oil and gas reserves. The memorandum added that the 2173 billion barrels of oil equivalent in oil and gas reserves of 33.1 trillion cubic meters, including natural gas, condensate 1,286,800,000 tons of oil and 1,598,400,000 tons of crude oil.
Source: www.in-en.com Apr. 15, 2009
Russia's two oil giants to China to sign oil agreement
MOSCOW, April 13 reported that the Russian Interfax News Agency today quoted the Russian state oil pipeline giant Russian pipeline transport company (Transneft) the contents of a statement reported that Russia's largest oil company Rosneft (Rosneft) and the Russian State oil pipeline transportation company, recently signed a delivery of oil to China aimed at agreement.
Russia's Interfax News Agency reported that the agreement was signed April 10, it is the Chinese government and the Russian government recently signed a series of agreements in an agreement.
Source: www.in-en.com Apr. 14, 2009
Russia's Interfax News Agency reported that the agreement was signed April 10, it is the Chinese government and the Russian government recently signed a series of agreements in an agreement.
Source: www.in-en.com Apr. 14, 2009
India has started the largest ever auction of oil and natural gas assets
New Delhi, April 9 India today launched its largest-ever oil and gas assets auction, the auction in India to offer 70 exploration blocks.
Petroleum Secretary of the Government of India R S Pandey said that for 70 exploration blocks in deep water block for 24, 28 for the shallow water blocks and 18 blocks for the land.
Pandey said according to the oil and gas auction deadline for October 10, 2009.
Pandey said that India's No. 4 oil and gas assets in the auction also offers 10 blocks of coal-bed methane exploration.
According to a Reuters report said that India began in 1999 under the new permit the sale of foreign policy has so far awarded 212 oil and gas blocks.
Source: www.in-en.com Apr. 9, 2009
Petroleum Secretary of the Government of India R S Pandey said that for 70 exploration blocks in deep water block for 24, 28 for the shallow water blocks and 18 blocks for the land.
Pandey said according to the oil and gas auction deadline for October 10, 2009.
Pandey said that India's No. 4 oil and gas assets in the auction also offers 10 blocks of coal-bed methane exploration.
According to a Reuters report said that India began in 1999 under the new permit the sale of foreign policy has so far awarded 212 oil and gas blocks.
Source: www.in-en.com Apr. 9, 2009
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