External links
- The Barbados National Terminal Co. Ltd - (Official website)
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The Barbados National Oil Company Ltd. (BNOCL) is a national state-owned energy provider in the country of Barbados. Founded several decades ago, the company satisfies about 30% of the country's total consumption of oil and gas.
With approximately 90 000 homes across the island of Barbados, the company lays claims to having natural gas hookups with 70 000 of them. In addition, to the many homes connect to the islands' natural gas infrastructure the company also supplies he Barbados Light and Power Company, the airport, and provides gas distribution for many of the islands' privately owned gas stations.
The country has an energy total requirement of around 2.9 million barrels (460,000 m3) of oil per year. Of this amount the Barbados National Oil Company supplies Barbados with around 370,000 barrels (59,000 m3) of oil per year.
Subsidies:
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The Strategic Petroleum Reserve (SPR) is a supply of petroleum held by the United States Department of Energy (DOE) for emergency fuel. It is the largest emergency supply in the world, and its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 m3). The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 1973–1974 oil embargo, to mitigate future supply disruptions.
Singapore Petroleum Company Limited, in short SPC, is a subsidiary of Chinese state-owned company PetroChina. It is involved in the exploration and production of petroleum, refining, trading and petroleum product distribution.
Nigeria is the largest oil and gas producer in Africa. Crude oil from the Niger delta basin comes in two types: light, and comparatively heavy – the lighter around 36 gravity and the heavier, 20–25 gravity. Both types are paraffinic and low in sulfur.
Petroleum production in Canada is a major industry which is important to the economy of North America. Canada has the third largest oil reserves in the world and is the world's fourth largest oil producer and fourth largest oil exporter. In 2017 it produced an average of 667,747 cubic metres per day (4.2 Mbbl/d) of crude oil and equivalent. Of that amount, 64% was upgraded and non-upgraded bitumen from oil sands, and the remainder light crude oil, heavy crude oil and natural-gas condensate. Most of Canadian petroleum production is exported, approximately 3.8 million barrels per day in 2019, with 98% of the exports going to the United States. Canada is by far the largest single source of oil imports to the United States, providing 43% of US crude oil imports in 2015.
The Ministry of Petroleum (MOP) (Persian: وزارت نفت Vezârat-e Naft) manages the oil industry, the producer of oil and petrochemical products. MoP is in charge of all issues pertaining to exploration, extraction, exploitation, distribution and exportation of crude oil and oil products. In addition, according to the "Imports and Exports Regulation Act", issuing import licenses for such products is also among the functions of the Ministry of Petroleum. According to BP, Iran's has 137.6 billion barrels (2.188×1010 m3) of proven oil reserves and 29.61 trillion cubic meters of proven gas reserves. Iran ranks third in the world in oil reserves and second in gas reserves. It is responsible for applying the principle of Iranian ownership and sovereignty over oil and gas reserves. Also, it is undertake the separation of sovereignty tasks from management and development of country's oil and gas industry.
The Abu Dhabi National Oil Company or ADNOC is the state-owned oil company of the United Arab Emirates (UAE). As of November 2019, the UAE holds the sixth-largest proven reserves of oil in the world at 105 billion barrels. Most of these reserves are located in Abu Dhabi. It is the world's 12th largest oil company by production, producing 3.1 million barrels per day, with plans to increase production capacity to 4 million bpd by the end of 2020. It is the UAE's largest oil company.
Qatar Petroleum (QP) is a state owned petroleum company of Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. QP's President & CEO is Saad Sherida Al-Kaabi, Minister of State for Energy Affairs. QP's operations are directly linked with state planning agencies, regulatory authorities, and policy making bodies. Together, revenues from oil and natural gas amount to 60% of the country's GDP. As of 2018 it was the third largest oil company in the world by oil and gas reserves.
Venezuela has the largest conventional oil reserves and the second-largest natural gas reserves in the Western Hemisphere. In addition Venezuela has non-conventional oil deposits approximately equal to the world's reserves of conventional oil. Venezuela is also amongst world leaders in hydroelectric production, supplying a majority of the nation's electrical power through the process.
GAIL (India) Limited is an Indian government agency responsible for natural gas processing and distribution in India headquartered in New Delhi, India. It is under ownership of Ministry of Petroleum and Natural Gas, Government of India. It has the following business segments: natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemical, city gas distribution, exploration and production, GAILTEL and electricity generation. GAIL was conferred with the Maharatna status on 1 Feb 2013, by the Government of India. Only eight other Public Sector Enterprises (PSEs) enjoy this coveted status amongst all central CPSEs. GAIL was listed in the 131st position among India's most trusted brands according to the Brand Trust Report 2014, a study conducted by the Trust Research Advisory.
Ghana generates electric power from hydropower, fossil-fuel, and renewable energy sources. Electricity generation is one of the key factors in order to achieve the development of the Ghanaian national economy, with aggressive and rapid industrialisation; Ghana's national electric energy consumption was 265 kilowatt hours per capita in 2009.
Vitol is a Dutch energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger. Though physical trading, logistics and distribution are at the core of the business, these are complemented by refining, shipping, terminals, exploration and production, power generation, and retail businesses. Vitol has 40 offices worldwide and its largest operations are in Geneva, Houston, London, and Singapore. With revenues of $231 billion in 2018, it is the largest independent energy trader in the world, and would rank ninth on the Fortune Global 500 list. Because Vitol does not publish its profits widely, much like most of its competitors in commodity trading, it is largely excluded from rankings. But the company does provide financial information to its lenders and some energy groups with which it trades. The company ships more than 350 million tonnes of crude oil per year and controls 250 supertankers and other vessels to move it around the world. On average it handles more than 7 million barrels a day of oil and products - roughly equivalent to the daily consumption of Japan - the world's third largest oil consumer after the United States and China.
The North West Shelf Venture, situated in the north-west of Western Australia, is Australia's largest resource development project. It involves the extraction of petroleum at offshore production platforms, onshore processing and export of liquefied natural gas, and production of natural gas for industrial, commercial and domestic use within the state.
Petroleum in the United States has been a major industry since shortly after the oil discovery in the Oil Creek area of Titusville, Pennsylvania in 1859. The industry includes exploration, production, processing (refining), transportation, and marketing of natural gas and petroleum products. As of 2019, the United States is the world's largest oil producer. The leading oil-producing area in the United States in 2019 was Texas, followed by the offshore federal zone of the Gulf of Mexico, North Dakota and New Mexico.
Energy in Saudi Arabia involves petroleum and natural gas production, consumption, and exports, and electricity production. Saudi Arabia is the world's leading oil producer and exporter. Saudi Arabia's economy is petroleum-based; oil accounts for 90% of the country's exports and nearly 75% of government revenue. The oil industry produces about 45% of Saudi Arabia's gross domestic product, against 40% from the private sector. Saudi Arabia has per capita GDP of $20,700. The economy is still very dependent on oil despite diversification, in particular in the petrochemical sector.
Sources include: Dow Jones (DJ), New York Times (NYT), Wall Street Journal (WSJ), and the Washington Post (WP).
The East Midlands Oil Province, also known as the East Midlands Petroleum Province, covers the petroliferous geological area across the north-eastern part of the East Midlands of England that has a few small oil fields. The largest field in the province is the Welton oil field, the second largest onshore oil field in the UK.
Energy in Equatorial Guinea is an industry with plenty of potential, especially in the fields of oil and natural gas.
Cairn India was an Indian oil and gas exploration and production company, headquartered in Gurgaon, India. The company was merged with Vedanta Limited.
Oil and Gas dominates the resource sector of the Republic of the Congo, also referred to as Congo-Brazzaville, with the petroleum industry accounting for 89% of the country’s exports in 2010. Among African crude oil producers in 2010, The Congo ranked seventh. Nearly all of the country's hydrocarbons were produced off-shore.