Tuesday, February 25, 2014

Five of the Biggest Oil and Gas Companies in the World

Top 5 of the Biggest Oil and Gas Companies Worldwide
Oil and gas
These top Oil and Gas companies in the world controlled mostly the industry. They hold, process, transport, refine vast amount of oil and gas reserves, and we all know that those reserves plays a really big role worldwide. So it’s not very surprising the value, profits, and revenues of these companies. It’s not also surprising how much influenced they have globally.

Based in Dharhan, Saudi Arabia, Saudi Aramco is an Oil and Gas Company with estimated value at up to US$10 trillion according to Financial Times, making it the world’s most valuable company.

Saudi Aramco has the largest crude oil reserves, at more than 260 billion barrels, and largest daily oil production. It operates the world’s largest single hydrocarbon network, the Master Gas System. It managed over 100 oil and gas fields in Saudi Arabia. It also owns the world’s largest oil field, the Ghawar Field. Likewise the Shaybah Field that is one of the largest oil field in the world.

Saudi Aramco’s operations include:
·      Exploration
·      Production of oil and gas
·      Refining
·      Petrochemicals
·      International shipping
·      Marketing
·      Distribution

Based in Moscow, Russia, GazProm is the largest extractor of natural gas and one of the largest companies in the world.

The company produced 513.2 billion cubic meters of natural gas in 2011, amounting to 17% of worldwide production. Gazprom also produces 32.3 million tons of crude oil and 12.1 million tons of gas condensate. Gazprom’s activities accounted for 8% of Russia’s gross domestic product in 2011.

GazProm’s operations include:
·      Geological exploration
·      Production and processing of gas, gas condensate, and oil
·      Transportation and storage of gas, gas condensate, and oil
·      Sales of gas as vehicle fuel
·      Generation and marketing of heat and electric power
Based in Tehran, Iran, NIOC is a government-owned oil and natural gas corporation under the direction of the Ministry of Petroleum of Iran.

NIOC is exclusively responsible for the exploration, extraction, transportation, and exportation of crude oil, as well as sales of natural gas and liquefied natural gas.

In 2007 NIOC has 948, 200 billion cubic feet of natural gas reserves and 300, 385 million barrels of oil equivalent.

NIOC’s operations include:
·      Exploration and Production
·      Crude Oil
·      Natural Gas
·      Pipelines
·      Procurement
·      Production Facilities
·      Exportation

Based in Texas, USA, ExxonMobil a multinational oil and gas corporation which was formed by the merger of Exxon and Mobil.

ExxonMobile is the world’s third largest company by revenue. It has 72 billion of barrels of oil equivalent at the end of 2007. With 37 oil refineries in 21 countries constituting a combined daily refining capacity of 6.3 million barrels, ExxonMobil is the largest refiner in the world.

ExxonMobil’s operations include:
·      Deepwater drilling
·      Energy efficiency
·      Exploration
·      Extended reach technology
·      Hrdraulic fracturing
·      Liquefied natural gas
·      Vehicle technologies

Baed in Beijing, China, PetroChina is an oil and gas company and also the China’s biggest oil producer. It is listed as arm of state-owned China National Petroleum Coporation (CNPC).
PetroChina’s operations include:

·      Exploration, development, production and of crude oil and natural gas
·      Refining, transportation, storage of crude oil and oil products;
·      Production and marketing of primary petrochemical products, derivative chemicals and other chemicals;
·      Transportation of natural gas, crude oil and refined oil
·      Marketing of crude oil and natural gas.


1 comment:

Popular Posts