Regardless of the elementary reasons for changes in the prices of oil, investors have a number of options to capitalize on energy price fluctuations. The oil and gas market provides a wide array of options for a potential investor. From indirect exposure via energy-related stocks to more direct investment, this sector has something for everyone. It is inevitable to do your research or consult a professional in investments prior to committing your hard-earned money. Your research and data gathering should be inclusive of the best oil and gas companies, and the hot-spots that attract huge investments.
This post will take a look at the 20 best places around the globe, which are prominent for their oil and gas reserves, supplies and exports and could be a great venue for investments.
20. Azerbaijan
With more than 1.0 million barrels of oil production per day, Azerbaijan is poised to become an important oil and gas producer in the near future. Oil and gas export and development is in the center of it's economic growth. The country is primarily an exporter of crude oil and condensate, but it also exports a small volume of petroleum products.
19. United Kingdom
The UK produces 1.3 million barrels of oil daily and exports close to 775,000 barrels. In the year 2012, petroleum produced by United Kingdom was 50 million cubic metres of which 98% produce was from offshore fields.
18. Iran
The oil produce is 4.0 million barrels daily. In 2004, Iran produced 5.1 percent of world's total crude oil. This amounted to 3.9 million barrels per day. Iran was the second largest exporter among the OPEC. It is expected by the officials in Iran that the oil and gas revenues could reach $250 billion by 2015.
17. Egypt
It is the largest non-OPEC producer of oil in Africa and the second largest dry natural gas producer in the continent. Egypt's facing the challenge to cope up with the increasing domestic demand for oil. Egyp also has the largest refinery capacity in Africa. Most of Egypt's LNG is exported to Asian and European markets.
16. Oman
As of January 2013, Oman had 5.5 billion barrels, which is the 7th in the Middle East, and 21st in the world and also the crude oil ranks the same. It is the largest producer in the Middle east that is not a member of OPEC.
15. Qatar
Qatar holds the third place in the largest natural gas reserves and is the largest supplier of liquefied natural gas. It is the member of OPEC and is a vital net exporter of oil. At the end of 2012, Qatar's oil reserves were teh 13th largest in the world and it still is a very significant supplier of oil to the oil markets around the world.
14. Kazakhstan
Since 1911, Kazakhstan has been an oil producer and stands second in the list of world's largest oil reserves. It also is the second largest oil producer. Tengiz and Karachaganak are the two giant fields who dominate the current production in this country. They produce about half of Kazakhstan's total output. Most of the natural gas reserves in Kazakhstan comprise of associated gas in only four fields, Karachaganak, Imashevskoye, Tengiz and Kashagan.
13. Libya
It is a member of the Petroleum Exporting Countries organization, holds Africa's largest oil reserves, and is making a significant contribution to the global supply of sweet crude oil. Although Libya's oil production was disrupted heavily in 2011, it quickly began to recover. Libya exports most of its crude oil to European countries, Italy being the largest recipient.
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12. Angola
In the Sub-Saharan Africa, Angola is the second largest oil producer, and it is suggested that Angola's reserves could be larger than what is being estimated. The Angolan government is targeting production of 2 million barrels per day by 2014. The company is well in the position to capitalize on the high demand of LNG. The Angolan government is planning to invest billions from it's treasury in the country's electricity system.
11. Algeria
Sonatrach, Algeria's oil and gas company, dominates teh country's sector of hydrocarbon, which owns rougly 80 percent of all hydrocarbon production. Sonatrach holds ownership to a majority of oil and gas projects by law. As of January 2013, Algeria had 12.2 billion barrels of proven oil reserves. Since then is limited offshore exploration, all the proven oil reserves are held onshore. A vast majority of Algerian crude oil, nearly 85 percent, is exported to Europe and North America.
10. Norway
Norway is the world's second largest exporter of natural gas and the largest oil producer. It is an important oil and natural gas supplier to other European countries. It is the producer of oil, and exporter as well in Western Europe. After Russia, it is the largest exporter of natural gas and it ranks fourth in world gas production.
9. Venezuela
This country has some of the largest reserves of oil and natural gas. It is consistently ranking as one of the top oil suppliers to the U.S. In 2010, Venezuela ranked eighth in the largest net oil exporters. It has the second largest natural gas in the Western Hemisphere and it depends heavily upon hydroelectricity for a majority of its electricity needs.
8. Kuwait
Kuwait holds the sixth largest oil reserves in the world and is a contender of a spot in the top ten global producers and exporters of petroleum liquids. The entire oil sector is controlled by Kuwait Petroleum Corporation and its subsidiaries. Project Kuwait is attempting to incentivize foreign investment to bring the capacity of the production to 4 million bbl/d towards 2020. Kuwait has recently got into net importing of natural gas.
7. Iraq
In the OPEC, Iraq surpassed Iran as the second largest producer of crude oil at the end of 2012 in OPEC. It has the fifth largest proven crude oil reserves in the globe. In 2012, Iraq stood sixth in the largest net exporter of petroleum liquids around the globe. During this period the majority of exports were going to United States and Asia.
6. Brazil
In 2012, Brazil was the largest producer of liquid fuels. More that 90% of the oil production is offshore, in deep waters. United States is the largest crude oil export destination for the past decade, including 187,000 bbl/d of crude oil being exported in 2012. The world's largest oil discoveries in recent years have come from Brazil's offshore. Brazil has the third largest electricity sector in America.
5. United Arab Emirates
The UAE stands seventh in the largest proved reserves of both crude oil and natural gas. There was a strong crude oil production in 2011 due to the enhanced oil recovery techniques. During this time UAE produced 2.69 million barrels per day.
4. Canada
One of the principal sources of U.S. energy imports, Canada is one of the world's five largest energy producers. The unconventional oil sands in Canada are vital contributors to the recent growth in the liquid fuel supply of the world. It is the world's third largest producer of dry natural gas.
3. Russia
Russia has the world's largest natural gas reserves, second largest coal reserves and the ninth largest reserves of crude oil. It is the largest producer and exporter of dry natural gas. In 2011, Russia held the record for being the largest crude oil producer. During that year, the production of crude oil averaged about 9.8 million bbl/d.
2. United States
The United States is the third largest petroleum producer in the world. It has more than half a million producing wells and nearly 4,000 oil and natural gas platforms operating in U.S. Oil and gas combinedly supply 65% of U.S. energy. More than 17 million barrels of crude oil is processed by 144 refineries of the nation. With opportunities abound in states like Texas, which has less hurdles in the regulations and good infrastructure and support, companies like In-Depth Exploration LLC have gained a big deal of investors.
1. Saudi Arabia
It has almost one-fifth of the world's recorded oil reserves. One of the largest exporter and producer of total petroleum based liquids, it maintains the world's largest oil production capacity. In 2012, Saudi Arabia ranked second after Canada as an exporter of petroleum to the United States. The natura gas production is limited, although Saudi Arabia stands fifth in the world's largest natural gas reserves.
The list of top 20 countries given here is picked out by our professionals. However, it is unavoidable to do complete research before going ahead and betting your money on a company in a certain country.
This post will take a look at the 20 best places around the globe, which are prominent for their oil and gas reserves, supplies and exports and could be a great venue for investments.
20. Azerbaijan
With more than 1.0 million barrels of oil production per day, Azerbaijan is poised to become an important oil and gas producer in the near future. Oil and gas export and development is in the center of it's economic growth. The country is primarily an exporter of crude oil and condensate, but it also exports a small volume of petroleum products.
19. United Kingdom
The UK produces 1.3 million barrels of oil daily and exports close to 775,000 barrels. In the year 2012, petroleum produced by United Kingdom was 50 million cubic metres of which 98% produce was from offshore fields.
18. Iran
The oil produce is 4.0 million barrels daily. In 2004, Iran produced 5.1 percent of world's total crude oil. This amounted to 3.9 million barrels per day. Iran was the second largest exporter among the OPEC. It is expected by the officials in Iran that the oil and gas revenues could reach $250 billion by 2015.
17. Egypt
It is the largest non-OPEC producer of oil in Africa and the second largest dry natural gas producer in the continent. Egypt's facing the challenge to cope up with the increasing domestic demand for oil. Egyp also has the largest refinery capacity in Africa. Most of Egypt's LNG is exported to Asian and European markets.
16. Oman
As of January 2013, Oman had 5.5 billion barrels, which is the 7th in the Middle East, and 21st in the world and also the crude oil ranks the same. It is the largest producer in the Middle east that is not a member of OPEC.
15. Qatar
Qatar holds the third place in the largest natural gas reserves and is the largest supplier of liquefied natural gas. It is the member of OPEC and is a vital net exporter of oil. At the end of 2012, Qatar's oil reserves were teh 13th largest in the world and it still is a very significant supplier of oil to the oil markets around the world.
14. Kazakhstan
Since 1911, Kazakhstan has been an oil producer and stands second in the list of world's largest oil reserves. It also is the second largest oil producer. Tengiz and Karachaganak are the two giant fields who dominate the current production in this country. They produce about half of Kazakhstan's total output. Most of the natural gas reserves in Kazakhstan comprise of associated gas in only four fields, Karachaganak, Imashevskoye, Tengiz and Kashagan.
13. Libya
It is a member of the Petroleum Exporting Countries organization, holds Africa's largest oil reserves, and is making a significant contribution to the global supply of sweet crude oil. Although Libya's oil production was disrupted heavily in 2011, it quickly began to recover. Libya exports most of its crude oil to European countries, Italy being the largest recipient.
.jpg)
12. Angola
In the Sub-Saharan Africa, Angola is the second largest oil producer, and it is suggested that Angola's reserves could be larger than what is being estimated. The Angolan government is targeting production of 2 million barrels per day by 2014. The company is well in the position to capitalize on the high demand of LNG. The Angolan government is planning to invest billions from it's treasury in the country's electricity system.
11. Algeria
Sonatrach, Algeria's oil and gas company, dominates teh country's sector of hydrocarbon, which owns rougly 80 percent of all hydrocarbon production. Sonatrach holds ownership to a majority of oil and gas projects by law. As of January 2013, Algeria had 12.2 billion barrels of proven oil reserves. Since then is limited offshore exploration, all the proven oil reserves are held onshore. A vast majority of Algerian crude oil, nearly 85 percent, is exported to Europe and North America.
10. Norway
Norway is the world's second largest exporter of natural gas and the largest oil producer. It is an important oil and natural gas supplier to other European countries. It is the producer of oil, and exporter as well in Western Europe. After Russia, it is the largest exporter of natural gas and it ranks fourth in world gas production.
9. Venezuela
This country has some of the largest reserves of oil and natural gas. It is consistently ranking as one of the top oil suppliers to the U.S. In 2010, Venezuela ranked eighth in the largest net oil exporters. It has the second largest natural gas in the Western Hemisphere and it depends heavily upon hydroelectricity for a majority of its electricity needs.
8. Kuwait
Kuwait holds the sixth largest oil reserves in the world and is a contender of a spot in the top ten global producers and exporters of petroleum liquids. The entire oil sector is controlled by Kuwait Petroleum Corporation and its subsidiaries. Project Kuwait is attempting to incentivize foreign investment to bring the capacity of the production to 4 million bbl/d towards 2020. Kuwait has recently got into net importing of natural gas.
7. Iraq
In the OPEC, Iraq surpassed Iran as the second largest producer of crude oil at the end of 2012 in OPEC. It has the fifth largest proven crude oil reserves in the globe. In 2012, Iraq stood sixth in the largest net exporter of petroleum liquids around the globe. During this period the majority of exports were going to United States and Asia.
6. Brazil
In 2012, Brazil was the largest producer of liquid fuels. More that 90% of the oil production is offshore, in deep waters. United States is the largest crude oil export destination for the past decade, including 187,000 bbl/d of crude oil being exported in 2012. The world's largest oil discoveries in recent years have come from Brazil's offshore. Brazil has the third largest electricity sector in America.
5. United Arab Emirates
The UAE stands seventh in the largest proved reserves of both crude oil and natural gas. There was a strong crude oil production in 2011 due to the enhanced oil recovery techniques. During this time UAE produced 2.69 million barrels per day.
4. Canada
One of the principal sources of U.S. energy imports, Canada is one of the world's five largest energy producers. The unconventional oil sands in Canada are vital contributors to the recent growth in the liquid fuel supply of the world. It is the world's third largest producer of dry natural gas.
3. Russia
Russia has the world's largest natural gas reserves, second largest coal reserves and the ninth largest reserves of crude oil. It is the largest producer and exporter of dry natural gas. In 2011, Russia held the record for being the largest crude oil producer. During that year, the production of crude oil averaged about 9.8 million bbl/d.
2. United States
The United States is the third largest petroleum producer in the world. It has more than half a million producing wells and nearly 4,000 oil and natural gas platforms operating in U.S. Oil and gas combinedly supply 65% of U.S. energy. More than 17 million barrels of crude oil is processed by 144 refineries of the nation. With opportunities abound in states like Texas, which has less hurdles in the regulations and good infrastructure and support, companies like In-Depth Exploration LLC have gained a big deal of investors.
1. Saudi Arabia
It has almost one-fifth of the world's recorded oil reserves. One of the largest exporter and producer of total petroleum based liquids, it maintains the world's largest oil production capacity. In 2012, Saudi Arabia ranked second after Canada as an exporter of petroleum to the United States. The natura gas production is limited, although Saudi Arabia stands fifth in the world's largest natural gas reserves.
The list of top 20 countries given here is picked out by our professionals. However, it is unavoidable to do complete research before going ahead and betting your money on a company in a certain country.
Oil and gas import and export is the development in the center of country's economic growth.Many countries are focusing on offshore projects which gives huge profit.People who are investing in offshore industry, are getting double profits.Found that there are few world's giant offshore oil and gas projects , which are having 30% of total global proven gas reserves.
ReplyDeleteThis is really informative that Canada is the world's third largest producer of dry natural gas. Many investors there investing in this business and gaining large profit. These companies doing oil and gas exploration work very well.
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