25 World’s Largest Public Oil & Gas Companies in 2016 – Interesting Information

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The World’s Largest Public Oil & Gas Companies in 2016 by Forbes. This is so interesting to know that Russian companies are ranked as the first and the second biggest public oil and gas company in 2016.

Forbes’ List of the 25 Biggest Public Oil & Gas Companies

  1. Gazprom gazprom(GAZP, com) – Russia – 8.38 MMBoepd – EV $84.3 billion
  2. Rosneftrosneft (ROSN, com) – Russia – 5.07 MMBoepd – EV $72.5 billion
  3. ExxonMobil exxon( XOM, com) – USA – 4.10 MMBoepd – EV $390 billion
  4. PetroChina petrochina( PTR, com) – China – 4.07 MMBoepd – EV $303 billion
  5. BP bp(BP; com) – UK – 3.24 MMBoepd – EV $121 billion
  6. Royal Dutch Shell shell(RDS.A – com) – Netherlands – 2.95 MMBoepd – EV $216 billion
  7. Chevron chevron(CVX; com) – USA – 2.62 MMBoepd – EV $207 billion
  8. Petrobras petro-bras(PBR; com) – Brazil – 2.55 MMBoepd – EV $132 billion
  9. Lukoil luk-oil(LKOH; com) – Russia – 2.40 MMBoepd – EV $36.2 billion
  10. Total total(TOT; com) – France – 2.35 MMBoepd – EV $136 billion
  11. Statoil stat-oil(STO; com) – Norway – 1.81 MMBoepd – EV $63 billion
  12. Eni eni( E; com) – Italy – 1.69 MMBoepd – EV $74 billion
  13. ConocoPhillips conoco-philip(COP; com) – USA – 1.59 MMBoepd – EV $71.5 billion
  14. Surgutneftegas surgutneftegas(SGTZY; ru) – Russia – 1.49 MMBoepd – EV $8.5 billion
  15. CNOOC cnooc(CEO; com) – China – 1.36 MMBoepd – EV $397 billion
  16. China Petroleum & Chemical [Sinopec] sonopec(SNP; com) – China – 1.32 MMBoepd – EV $130 billion
  17. Oil and Natural Gas Corp.ongc (ONGC; com) – India – 1.07 MMBoepd – EV $23 billion
  18. Anadarko Petroleum adanako(ticker: APC; com) – USA – 840,000 Boepd – EV $43 billion
  19. Canadian Natural Resources canadian-natural-resources(CNQ; com) – Canada – 790,000 Boepd – EV $40 billion
  20. Devon Energy devon(DVN; com) – USA – 680,000 Boepd – EV $29 billion
  21. Ecopetrol ecopetrol(EC; com) – Colombia – 670,000 Boepd – EV $33 billion
  22. Occidental Petroleum oxy(OXY; com) – USA – 650,000 Boepd – EV $57 billion
  23. Suncor Energy suncor(SU; com) – Canada – 580,000 Boepd – EV $50 billion
  24. EOG Resources eog(EOG; com) – USA – 570,000 Boepd – EV $47 billion
  25. Repsol repsol( REP; com) – Spain – 560,000 Boepd – EV $33 billion

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Oil Well Cement Additives

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Most oil well cement slurries will be added to some additives in order to modify cement properties so cement operation can be properly performed. In this article, it will cover some of important cement additives in general terms so that it will help you understand the basic function of each additive.

oilwell-cement-addtives

Accelerators

Accelerators are added to shorten the time for cement to properly set and it will reduce rig time while waiting on the cement (WOC). Accelerators are crucial in shallow depths where bottom temperature is low. In the deeper section, it may not require an accelerator, because the well is hot enough and the thickening time will be normal. The WOC time is generally based on the time required to obtain 500 psi compressive strength of the cement.

Chemical used as accelerators are as follows;

  • Calcium chloride 1.5 – 2.0 %
  • Sodium chloride 2.0 – 2.5%
  • Sea water

If the percentage of these additives is high, they will act as retarders instead of accelerators. Continue reading

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OPEC agrees to limit oil output at 32.5 million barrels per day = Oil jumps 6%

ALGIERS (Reuters) – OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group’s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

Two sources in the Organization of the Petroleum Exporting Countries said the group would reduce output to 32.5 million barrels per day from current production of 33.24 million bpd.

How much each country will produce is to be decided at the next formal meeting of OPEC in November, when an invitation to join cuts could also be extended to non-OPEC countries such as Russia, sources said.

OPEC logo is pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. (REUTERS Photo)

OPEC logo is pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. (REUTERS Photo)

Oil prices LCOc1 jumped more than 5 percent to trade above $48 per barrel as of 1830 GMT after the outcome of OPEC’s informal meeting in Algeria took traders by surprise. Still, many said they wanted to see the details of the deal. Continue reading

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Apache Revealed Massive Oil Shale Discovery in Texas

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This is the big oil discovery in Texas, USA. Shale oil/gas technology made shale production profitable.

Have you ever worked on any shale oil/gas project?

Please feel free to share your experience in the comment below.

NEW YORK (CNNMoney)An overlooked corner of West Texas is believed to contain billions of barrels of newly-discovered shale oil.

Apache revealed the huge find this week after more than two years of stealthily buying up land, extensive geological research and rigorous testing.

The Houston company estimates the discovery, dubbed “Alpine High,” could be worth at least $8 billion.

Apache believes the new shale play spans at least five formations, contains over three billion barrels of oil and 75 trillion cubic feet of rich natural gas.

“We feel very confident with what we have and believe this is a story that’s only going to get better,” Apache CEO John Christmann IV told CNNMoney.

Apache Energy's huge shale oil discovery in West Texas, named

Apache Energy’s huge shale oil discovery in West Texas, named “Alpine High,” is estimated to contain three billion barrels of crude.(CNN Money)

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Important Rules to Follow if You Want an Employment in the Oil & Gas Industry Even In Downturn Environment

Employment-in-the-Oil-&-Gas

Do you dream of an employment in the oil and gas sector but you are clueless as to how to accomplish it?

You need not stress anymore. This article is just what you need to guide you to attaining that goal.

Making the decision of working in the oil and gas industry is a great one, the industry is very lucrative. However, you may face the challenge of being inexperienced and being clueless about how and where to begin from. Actually, the fact that you don’t have any initial experience is not the issue, you still have the opportunity of breaking into the industry if you plan well. A good plan, good networking and initiative will help you achieve the goal easily.

Employment-in-the-Oil-&-Gas Continue reading

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