Crude Output articles & resources on Made-in-China.com

PetroChina Expects a $3.3bn Annual Profit Boost From Government's Natural Gas Price Reform

Aug 27, 2013

PetroChina Co Ltd, the nation's leading oil and natural gas producer, said on Thursday it expects a 20-billion-yuan ($3.3 billion) annual profit boost from the government's natural gas price reform. That inflow will further buoy the ...

Tags: PetroChina, natural gas producer

OPEC Would Need to Cut Production Sometime to Stave off "a Large Drop in Prices"

Jul 25, 2013

OPEC would need to cut production sometime in the second half of 2013 or early 2014 to stave off "a large drop in prices," Kuwait's leading bank said in a report over the weekend. In its latest economic bulletin, released late Sunday, the ...

Tags: Crude Output, Kuwait Bank

OPEC's Collective Oil Export Earnings Rose 8.5% to $1.24 Trillion in 2012

Jul 8, 2013

OPEC's collective oil export earnings rose 8.5% to $1.24 trillion in 2012 from $1.14 trillion in 2011, the oil producer group said Friday in its latest annual report. It stressed that the 2012 figure was a preliminary estimate. The group ...

Tags: OPEC, Oil Exports

Global Oil Prices Are Unlikely to Drop Below $100/b Until 2025

Jun 20, 2013

Global oil prices are unlikely to drop below $100/b until 2025, supported by OPEC's market management efforts and crude demand growth in Asia, Leonid Fedun, vice president of Lukoil said Tuesday, presenting key findings of the company's ...

Tags: Oil Prices, OPEC's market

OPEC Ministers Meeting in Vienna Friday Reached an Expected Agreement

Jun 4, 2013

OPEC ministers meeting in Vienna Friday reached an expected agreement to maintain the group's current crude production limits, leaving their combined output ceiling at 30 million b/d. Ministers had widely signaled their happiness with ...

Tags: Metallurgy, Mineral, Energy

Kuwait Will Increase Its Oil Production Capacity to About 3.6 Million B/D by 2022

May 31, 2013

Kuwait will increase its oil production capacity to about 3.6 million b/d by 2022, according to a study by the emirate's Diplomatic Center for Strategic Studies (DCSS). The official KUNA news agency reported Wednesday that the study said ...

Tags: Oil, Metallurgy, Mineral, Energy

Saudi Aramco Boosted Its Crude Production to a Record 9.506 Million B/D in 2012

May 29, 2013

Saudi Aramco boosted its crude production to a record 9.506 million b/d in 2012, excluding blended natural gas liquids, up 5% from 9.068 million b/d in 2011, the company said in its latest annual report. "During 2012 at Saudi Aramco, we ...

Tags: Saudi Aramco, Crude Output

Yukos Was Preparing for a Game-changing Merger with Another Private Russian Oil Company

May 24, 2013

In 2003, Yukos was preparing for a game-changing merger with another private Russian oil company, Roman Abramovich's Sibneft, to create a 2.3 million b/d Russian oil producing giant. The deal was scuppered, however, in large part because ...

Tags: Yukos Demise, Giant Oil Producer

OPEC Ministers Should Consider The Needs of The Global Oil Market in a Year's Time

May 16, 2013

OPEC ministers should consider the needs of the global oil market in a year's time, rather than just the current demand/supply balance, when they meet to review the cartel's production ceiling in two weeks, the head of the International ...

Tags: OPEC, oil market

Oil Corp or CNOOC Group 2012 Sustainable Development Report Released Late Thursday

Apr 3, 2013

China National Offshore Oil Corp or CNOOC Group, the parent of listed arm CNOOC Ltd, refined 30.08 million mt (602,400 b/d) of crude last year, up 15.2% from 26.1 million mt in 2011, the company said in its 2012 sustainable development ...

Tags: Refining Throughput, Chemicals, OIL

China's Oil and Gas Companies Could Lift Total Overseas Equity Production to 3 Million B/D

Feb 28, 2013

China's oil and gas companies could lift their total overseas equity production to 3 million b/d by 2015, the executive director of the International Energy Agency said Tuesday. "Chinese national oil companies are present everywhere in ...

Tags: oil, gas, overseas equity

ClydeUnion Pumps Was Awarded The Contract to Supply Various Pumps

Jan 17, 2013

ClydeUnion Pumps was awarded the contract to supply various pumps for the Nasr Phase-1 and Umm Lulu Phase-1 field development projects offshore Abu Dhabi, UAE. ClydeUnion Pumps will supply the complete package of pumps which includes ...

Tags: ClydeUnion Pumps, contract, pumps, UAE

Russia's Crude Oil Production Hit a Record High of 518 Million Mt in 2012

Jan 4, 2013

Russia's crude oil production hit a record high of 518 million mt (10.4 million b/d) in 2012, preliminary data released Wednesday by the energy ministry's Central Dispatching Unit showed, as the country cemented its position as the world's ...

Tags: Russia, crude oil production, oil, oil industry

Peak Oil Proponents Met with The US Energy Information Administration Earlier This Month

Dec 28, 2012

In a first-ever meeting, peak oil proponents met with the US Energy Information Administration earlier this month to urge the nation's top statistical agency to temper its rosy outlook on future US energy production. Representatives ...

Tags: peak oil proponents, US, statistical agency, energy production

OPEC Declined 90,000 Barrels Per Day to 31.08 Million Barrels Per Day in November

Dec 21, 2012

Trade Arabia reported that crude oil output from the Organization of Petroleum Exporting Countries declined 90,000 barrels per day to 31.08 million barrels per day in November. This follows October production of 31.17 million barrels per ...

Tags: crude oil output, crude oil, oil export, oil

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