New Cutting-Edge Oil & Gas Reports by GlobalData Available at MarketPublishers.com02 Dec 2011 • by Natalie Aster
Market Publishers Ltd informs that new GlobalData's Oil & Gas Reports have been added to its catalogue:
The report benchmarks top ranked companies on various operational and financial parameters such as proved oil and gas reserves, production, capital expenditures,results of oil and gas operations and valuation metrics. Petroleos de Venezuela S.A. had the largest portfolio of proved oil and gas reserves among the Leading Oil & Gas National Oil Companies at the end of 2010. Petroleos de Venezuela S.A. with 296,501 MMbbl of proved oil reserves at the end of 2010 was top ranked in terms of oil reserves among the Leading Oil & Gas National Oil Companies. While OAO Gazprom with 670,890 bcf of proved gas reserves was the highest gas reserves holder within the peer group. The proved oil & gas reserves of Leading Oil & Gas National Oil Companies increased 20.7% during 2010, increase from 440.898 billion boe in 2009 to 532.206 billion boe in 2010.OAO Gazprom is the leading oil & gas producer. The company with 3,305 MMboe production in 2010 ranks first among the Leading Oil & Gas National Oil Companies. Capital expenditure of Leading Oil & Gas National Oil Companies increased by 54.7% in 2010.
Shale gas development in the US has gained the attention of several major global oil and gas companies and the country is actively pursuing ways to develop this unconventional resource commercially. This effort has paid off, and international oil companies (IOCs) and national oil companies (NOCs) are entering the plays through mergers and acquisitions. According to reports published by the US Energy Information Administration (EIA) in April 2011, Asia-Pacific has the highest risked in-place shale gas resources in the world, totaling 7,042tcf (trillion cubic feet), followed by south and central America in second position. North America, Africa, and Europe rank in third, fourth and fifth positions in terms of risked in-place shale gas resources.Followed by the success of shales gas development in the US, Europe is looking into developing its own gas shale resources. Eastern Europe has long been dependent on Russia to meet its natural gas requirements. If Europe can diversify its gas supply sources and develop domestic shale gas resources, it would be able to decrease its dependence on expensive Russian gas.
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