Two of the world’s top ten oil and gas companies are based in...
- China and Nigeria drive global refinery capacity additions and capex
- Permian basin continues to gain attention of operators
- Oman crude oil, natural gas and condensate production outlook
- North America most affected by refinery maintenance in Q4 2017
- Quarterly Midstream Capital Raising Review – Q1 2018
The world’s biggest oil and gas companies in 2018
Two of the world’s top ten oil and gas companies are based in China, with China Petroleum & Chemical Corporation emerging as the world’s biggest by revenue at $362bn. Hydrocarbons-technology.com lists the world’s biggest oil and gas companies based on 2017 revenues.
China and Nigeria drive global refinery capacity additions and capex
GlobalData’s latest report, ‘Semi-Annual Global Capacity and Capital Expenditure Outlook for Refineries - Developing Countries Drive Global Capacity Additions and Capital Spending’ states that global crude distillation unit (CDU) capacity is expected to register strong growth of 16.7% over the next four years, increasing from 101 million barrels per day (mmbd) in 2018 to 117mmbd by 2022.
Timimoun Natural Gas Project
The Timimoun natural gas project is located between the towns of Timimoun and Adrar in the south-western part of Algeria, the world’s biggest natural gas-producing country.
Permian basin continues to gain attention of operators
From 2015 to 2017 the production rate of the top operators in Eagle Ford, including EOG, Marathon Oil, Pioneer Natural Resources, Exxon Mobil (XTO), Conoco Phillips, EnCana, BHP, Devon, Noble and Matador, declined by 19% or 0.28 million barrels of oil equivalent per day (mmboed).
Oman crude oil, natural gas and condensate production outlook
With crude oil and condensate production approaching one million barrels of oil per day (bd) in 2017 the sultanate of Oman is the Middle-East’s largest non-OPEC producer.
Northern Courier Pipeline Project, Alberta
The Northern Courier Pipeline (NCP) is a 90km pipeline system that has been laid to transfer bitumen and diluent products from the Fort Hills mine and bitumen extraction facility to Suncor’s East Tank Farm (ETF) located near the oil sand hub of Fort McMurray, Alberta.
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