EU Energy Council of Ministers in Luxembourg on the 12th through the European Commission concerning the security of oil reserves legislative proposal to strengthen the EU to deal with oil supply crisis.
The European Commission in Brussels issued a statement the same day, the adoption of legislative proposals welcomed. European Commission member responsible for energy affairs, Piebalgs said: "The new legislation will enable the EU oil reserves closer to the current international practice, thus enhancing the efficient use of oil reserves the EU's ability to reduce their future energy supply crisis for consumers the potential negative impact. "
The European Commission said in a statement that the International Energy Agency in accordance with established practice, the future EU member states must maintain reserves of not less than 90 days of its oil imports oil. The new legislation requires EU member states to enhance the utilization rate of oil reserves, oil reserves that can not be secured, it can not be used for other purposes.
New legislation requiring the holder of oil reserves must be a member or members of the central part of inventory entities, or to achieve the same level of agreement institutions. The new legislation also gives the EU new powers, such as Member States can monitor and review stock of oil reserves so that these reserves can effectively deal with possible energy supply crisis. Without the consent of the European Union must not use a large amount of oil reserves.
The European Commission proposed in November last year on the safety of the oil reserves of legislative proposals. The EU Council of Ministers after the passage of energy, from the European Union published official documents from the date of, the legislative proposals will become an official EU regulations, EU member states should be progressively implemented in accordance with their respective situations, but not later than 2012 December 31.
Source: www.in-en.com Jun. 13, 2009
ExxonMobil and the pan-Canadian plan to build the world's largest energy projects
Exxon Mobil Corporation, said on the 11th, ExxonMobil and Canada will join the Pan-Canadian companies to build the world's largest energy projects - a 26 billion U.S. dollars worth of natural gas pipelines. A few days ago, the two companies are the details on the matter of consultation.
Pan-Canadian company said on the 11th, the Pan-Canadian companies, Exxon Mobil Corporation will jointly build an Alaskan North Slope natural gas to Chicago and other places large pipeline. According to statistics, the pipeline will run for about 2700 kilometers, the project cost about 26 billion U.S. dollars.
Oil giant Exxon Mobil Corporation's participation, the Pan-Canadian companies to increase the winning chips. Analysts point out that Exxon Mobil Corporation with the cooperation, as well as the Alaska government, the United States and the Canadian government and other stakeholders of the strong support of this project will undoubtedly contribute to a timely completion.
Meanwhile, ConocoPhillips and British Petroleum (BP PLC) is the joint development of a competitive pipeline. Prior to the two projects are to seek the support of Exxon Mobil Corporation, Exxon Mobil Corporation The reason is that control of the Alaskan North Slope natural gas resources in the largest share.
Source: www.in-en.com Jun. 12, 2009
Pan-Canadian company said on the 11th, the Pan-Canadian companies, Exxon Mobil Corporation will jointly build an Alaskan North Slope natural gas to Chicago and other places large pipeline. According to statistics, the pipeline will run for about 2700 kilometers, the project cost about 26 billion U.S. dollars.
Oil giant Exxon Mobil Corporation's participation, the Pan-Canadian companies to increase the winning chips. Analysts point out that Exxon Mobil Corporation with the cooperation, as well as the Alaska government, the United States and the Canadian government and other stakeholders of the strong support of this project will undoubtedly contribute to a timely completion.
Meanwhile, ConocoPhillips and British Petroleum (BP PLC) is the joint development of a competitive pipeline. Prior to the two projects are to seek the support of Exxon Mobil Corporation, Exxon Mobil Corporation The reason is that control of the Alaskan North Slope natural gas resources in the largest share.
Source: www.in-en.com Jun. 12, 2009
IEA: 2009 global oil demand to reduce the 2.47 million barrels per day
London News June 11, the International Energy Agency (IEA) said global oil demand this year will shrink less than the previously forecast range, the first time in nearly a year because of increase in global oil demand in 2009. Oil demand forecast on the amendment earlier this year because of stronger than expected demand in developed countries, which is in August 2008 the first time since the revised IEA forecast demand.
IEA in its monthly oil market report that "the amendment does not necessarily imply that the global economy started to recover, may only signal the economy has bottomed out."
2009 world oil demand forecast on 2.47 million barrels per day is expected to shrink to 8,330 million barrels per day. On the previous IEA oil demand is expected to shrink 2.56 million barrels per day. IEA says oil output in May to increase the discharge rate of OPEC production agreement in April from 76% to 74%.
Source: www.in-en.com Jun. 11, 2009
IEA in its monthly oil market report that "the amendment does not necessarily imply that the global economy started to recover, may only signal the economy has bottomed out."
2009 world oil demand forecast on 2.47 million barrels per day is expected to shrink to 8,330 million barrels per day. On the previous IEA oil demand is expected to shrink 2.56 million barrels per day. IEA says oil output in May to increase the discharge rate of OPEC production agreement in April from 76% to 74%.
Source: www.in-en.com Jun. 11, 2009
March crude oil from Saudi Arabia, the United States on imports dropped to 944,000 barrels per day
LONDON, June 8 report, the U.S. Energy Information Administration (EIA) today released the latest statistics show that the world's largest oil exporter Saudi Arabia in March to a daily average of 944,000 barrels of U.S. crude oil exports, which is the United States since 1993 October crude oil in Saudi Arabia since the minimum monthly imports, the United States in October 1993 in the average daily crude oil imports of 969,000 barrels of Saudi Arabia.
Saudi Arabia, the United States imports of crude oil in March than in February's 1.099 million barrels of Saudi crude oil import volume on a daily reduction of 15.5 million barrels, the United States in February of Saudi crude oil imports in March 1994 was the lowest since on imports.
As a result of oil prices in July last year climbed to 147.27 U.S. dollars a barrel record, Organization of Petroleum Exporting Countries (OPEC) in Saudi Arabia's largest oil producer last year, an increase of oil production.
Saudi Arabia, the United States last year, crude oil imports in July last year reached 1.661 million barrels / day, the figure in December last year fell to 1.394 million barrels / day. U.S. Energy Information Administration statistics show that U.S. imports of crude oil in Saudi Arabia in July 2008 and March 2009 down to between 717,000 barrels / day.
Source: www.in-en.com Jun. 10, 2009
Saudi Arabia, the United States imports of crude oil in March than in February's 1.099 million barrels of Saudi crude oil import volume on a daily reduction of 15.5 million barrels, the United States in February of Saudi crude oil imports in March 1994 was the lowest since on imports.
As a result of oil prices in July last year climbed to 147.27 U.S. dollars a barrel record, Organization of Petroleum Exporting Countries (OPEC) in Saudi Arabia's largest oil producer last year, an increase of oil production.
Saudi Arabia, the United States last year, crude oil imports in July last year reached 1.661 million barrels / day, the figure in December last year fell to 1.394 million barrels / day. U.S. Energy Information Administration statistics show that U.S. imports of crude oil in Saudi Arabia in July 2008 and March 2009 down to between 717,000 barrels / day.
Source: www.in-en.com Jun. 10, 2009
The next 10 years oil and gas fields of Egypt is expected to attract 20 billion USD investment
Dubai June 8 news, the Egyptian oil and gas fields of the next decade is expected to attract 20 billion U.S. dollars investment, the majority of investment will be used for exploration of the Mediterranean deep water oil and gas resources in the region.
Egyptian Oil Minister Sameh Fahmi said that in the past five months, the Government of Egypt to the United States, Britain, Italy and the United Arab Emirates company has been granted 17 new contracts worth 3.5 billion U.S. dollars at least. Over the same period, the Egyptian and international companies have already signed a 1.6 billion U.S. dollars worth of contracts.
In the past decade, Egypt has increased twice as much natural gas reserves rose to 76 trillion cubic feet.
Source: www.in-en.com Jun. 9, 2009
Egyptian Oil Minister Sameh Fahmi said that in the past five months, the Government of Egypt to the United States, Britain, Italy and the United Arab Emirates company has been granted 17 new contracts worth 3.5 billion U.S. dollars at least. Over the same period, the Egyptian and international companies have already signed a 1.6 billion U.S. dollars worth of contracts.
In the past decade, Egypt has increased twice as much natural gas reserves rose to 76 trillion cubic feet.
Source: www.in-en.com Jun. 9, 2009
Areas of the world's oil and gas upstream investments and operating costs are falling
According to HIS Cambridge Energy Research Associates (HIS CERA) latest research report shows that over the past six months, the global upstream oil and gas production facilities in the area of the capital cost of a decrease of 8.5% in the same period last year, this is the first show that investment in the oil and gas industry is the decline in specific indicators. In 2005-2008, the global upstream oil and gas production facilities in the area of the capital cost of an increase of two times.
At the same time in the past six months, the operating costs of the global upstream oil and gas index fell by 8%, the index reflects the operating costs of those projects.
It is reported that the decline in investment costs was attributable to decreased activity of the upstream oil and gas industry, iron and steel and submarine equipment, the impact of lower costs. The decline in operating costs by the project activity, as well as the impact of the decline in resource utilization.
Source: www.in-en.com Jun. 8, 2009
At the same time in the past six months, the operating costs of the global upstream oil and gas index fell by 8%, the index reflects the operating costs of those projects.
It is reported that the decline in investment costs was attributable to decreased activity of the upstream oil and gas industry, iron and steel and submarine equipment, the impact of lower costs. The decline in operating costs by the project activity, as well as the impact of the decline in resource utilization.
Source: www.in-en.com Jun. 8, 2009
OPEC oil prices early in 2010 the Secretary-General is expected to rise to 80-90 dollars per barrel
OPEC Secretary-General said Tuesday, oil prices early next year could reach USD 80-90 per barrel, but a significant supply of oil unless the excess has been digested, or OPEC will not increase.
OPEC Secretary-General Abdullah al-Badri in the Reuters Global Energy Summit, said oil prices may rise to 80-90 in the U.S. early in 2010, and will not fall; the end of this year is expected to reach 75 U.S. dollars, and if the demand is not as they are now weak, but picked up from month to month U.S. Dollar ,80-85 are also possible. Last week, Saudi Oil Minister said that later this year may reach 75 U.S. dollars in oil prices, but will not hurt just to show signs of recovery in the global economy, since OPEC officials continue to preach loud expectations of rising oil prices.
Source: www.in-en.com Jun. 7, 2009
OPEC Secretary-General Abdullah al-Badri in the Reuters Global Energy Summit, said oil prices may rise to 80-90 in the U.S. early in 2010, and will not fall; the end of this year is expected to reach 75 U.S. dollars, and if the demand is not as they are now weak, but picked up from month to month U.S. Dollar ,80-85 are also possible. Last week, Saudi Oil Minister said that later this year may reach 75 U.S. dollars in oil prices, but will not hurt just to show signs of recovery in the global economy, since OPEC officials continue to preach loud expectations of rising oil prices.
Source: www.in-en.com Jun. 7, 2009
Subscribe to:
Posts (Atom)
