This tag is associated with 3 posts

Russia’s Energy Profile: Analysis Of The World’s Largest Crude Oil Producer

By EIA Russia is the world’s largest producer of crude oil (including lease condensate) and the second-largest producer of dry natural gas. Russia also produces significant amounts of coal. Russia’s economy is highly dependent on its hydrocarbons, and oil and natural gas revenues account for more than 50% of the federal budget revenues. Russia is … Continue reading

An Oil Discovery In Guyana May Be Worth 12 Times More Than Its Economy

Off the coast of Guyana, in the waters of the Atlantic Ocean, may lie oil and natural gas riches worth $40 billion dollars, or roughly 12 times more valuable than the nation’s gross domestic product (GDP), Bloomberg reports. The discovery made by Exxon Mobil is likely to hold over 700 million barrels of oil, and crude production might … Continue reading

PetroChina Surpasses Exxon To Become World’s Largest Energy Firm

China’s largest oil producer PetroChina has surpassed Exxon Mobil on Thursday to become the biggest energy company by market value for the first time since 2010, Bloomberg reports. As the Bloomberg chart below shows, Exxon’s capitalization was $352.6 billion through Wednesday, versus PetroChina’s $352.8 billion as of 1:36 p.m. on Thursday in Shanghai. PetroChina’s A shares have surged about 61 … Continue reading

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