August 27 message, bp BP plans to start the second half in Vietnam and Norway oil drilling project, its business throughout Europe, Asia and Africa. The London-based company reported a BP oil prices due to lower first-half profit fell 62%. Net profit fell to 26.9 million U.S. dollars, or 26.2 cents per share, compared to 71.2 million U.S. dollars, or 70.4 cents, while sales fell 45% to 213.9 million U.S. dollars.
Bp are investing in Indonesia and Vietnam, to the medium-term increase production about 7.5 million barrels. Output growth of 4% to the first half to reach 39.7 thousand barrels of oil equivalent, a year earlier at 3.8 million barrels of oil equivalent. To London time, 8:51, Bp oil prices fell 4.4% to 1,253 pence. This year, shares have risen 56%.
Simon Lockett, CEO and chief financial officer Tony Durrant said in a joint telephone interview that the company is considering the acquisition, Premier Lockett commented in a statement that "prompt action this year to use high-quality acquisition opportunities."
May Bp Oil Company completed the acquisition of the British Oilexco North Sea Limited, from Delek Energy Systems Ltd. of Vietnam maritime projects receive a 25% interest, and said there is sufficient cash to finance the development and any further purchases. Unexpended by the end of June the company's cash resources and bank loans amounting to approximately 50 billion U.S. dollars, the first half of this year, operating cash flow fell from 191.1 million U.S. dollars to 113.4 million U.S. dollars.
Aug. 29, 2009
API: U.S. oil refinery production in 2030 will be reduced by 25%
WASHINGTON, August 24, the American Petroleum Institute (API) 8 Yue 24 in here that if climate change legislation has been approved by the Senate become law, then, the United States of petroleum products refinery production in 2030 will be reduced by a quarter of the 1, making the U.S. even more dependent on fuel imports.
Headquartered in Washington, DC Its members include the largest U.S. oil company Exxon Mobil and the No. 3 U.S. oil company ConocoPhillips of the American Petroleum Institute August 24 issued a research report said that the U.S. climate change legislation in June this year, won the approval of the House of Representatives, while the United States Senate has yet to vote, which was aimed at the United States by 2050 greenhouse gas emissions from 2005 levels by 80% of the measures.
American Petroleum Institute said in the report, the cost of the project will be to prevent oil refineries at full capacity. API report concludes that, in 2030, the U.S. refinery production is likely to cut 4.4 million barrels per day or 25%, while investment in refineries may reduce the 90 billion U.S. dollars.
Aug. 26, 2009
Headquartered in Washington, DC Its members include the largest U.S. oil company Exxon Mobil and the No. 3 U.S. oil company ConocoPhillips of the American Petroleum Institute August 24 issued a research report said that the U.S. climate change legislation in June this year, won the approval of the House of Representatives, while the United States Senate has yet to vote, which was aimed at the United States by 2050 greenhouse gas emissions from 2005 levels by 80% of the measures.
American Petroleum Institute said in the report, the cost of the project will be to prevent oil refineries at full capacity. API report concludes that, in 2030, the U.S. refinery production is likely to cut 4.4 million barrels per day or 25%, while investment in refineries may reduce the 90 billion U.S. dollars.
Aug. 26, 2009
China will by 2020 to build national oil reserves second and third phase of the project
According to China news agency reported on August 20, from China National Energy Board was informed that China's national oil reserves a completion of the initial protection of oil security has so far completed a huge leap. By 2020, China will be building the second phase of the national oil reserves, the third phase of the project.
Before 2006, China's government oil reserves, especially oil reserves are empty. With China's sustained and rapid economic development and social progress, the increasing oil consumption, oil imports increased every year. The future, subject to restrictions on oil resources, China will further raise the degree of dependence on foreign oil continuing to increase the risk of supply disruptions, the security situation is not optimistic, the establishment of China's national oil reserve system delay.
According to the National Energy Board, the Zhenhai base was completed in September 2006 and entered the stage of trial operation, was the first Chinese built and put into a national oil reserve base. Huangdao, Dalian, and Zhoushan bases in December 2007, November 2008 and completed in December 2008 and put into operation. To the end of 2008, China's national oil reserve bases in a project has been completed in four. In the National Development and Reform Commission, Ministry of Finance, the National Energy Board under the organization has completed the national reserves of oil reserves tasks.
By 2020, China will be building the second phase of the national oil reserves, the third phase of the project, forming the equivalent of 100 days of net imports of oil reserves total size of the oil deal with China to further enhance the ability of the risk of interruption, in order to protect the oil supply security, the stability of the oil market, and promote smooth operation of the national economy to play an active role.
Aug. 23, 2009
Before 2006, China's government oil reserves, especially oil reserves are empty. With China's sustained and rapid economic development and social progress, the increasing oil consumption, oil imports increased every year. The future, subject to restrictions on oil resources, China will further raise the degree of dependence on foreign oil continuing to increase the risk of supply disruptions, the security situation is not optimistic, the establishment of China's national oil reserve system delay.
According to the National Energy Board, the Zhenhai base was completed in September 2006 and entered the stage of trial operation, was the first Chinese built and put into a national oil reserve base. Huangdao, Dalian, and Zhoushan bases in December 2007, November 2008 and completed in December 2008 and put into operation. To the end of 2008, China's national oil reserve bases in a project has been completed in four. In the National Development and Reform Commission, Ministry of Finance, the National Energy Board under the organization has completed the national reserves of oil reserves tasks.
By 2020, China will be building the second phase of the national oil reserves, the third phase of the project, forming the equivalent of 100 days of net imports of oil reserves total size of the oil deal with China to further enhance the ability of the risk of interruption, in order to protect the oil supply security, the stability of the oil market, and promote smooth operation of the national economy to play an active role.
Aug. 23, 2009
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