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Find Out Which Technologies Are the Leading Oil & Gas Companies Investing in and Why?

Posted on: Thursday, 6 July 2006, 12:00 CDT

Research and Markets (http://www.researchandmarkets.com/reports/c39078) has announced the addition of The Top Ten Oil & Gas Companies: Growth Strategies, Consolidation and Convergence in the Leading Players to their offering.

The oil and gas industry has witnessed a dramatic rise in oil prices since 2003; oil prices have been driven high by a combination of factors - mainly a rapid acceleration in oil consumption on the back of robust economic growth, juxtaposed with supply side constraints as oil production capacity is almost fully utilized.

Lingering event risks such as terrorist strikes, political events or natural calamities that could lead to a disruption to global oil supply have also added a premium to oil prices. Strong oil prices have enabled large oil & gas companies to report record profits, which has not only earned them media attention but also the ire of consumers (and thus politicians) hit by high energy prices.

Many countries, including the United States, have introduced or are considering imposing "windfall" taxes on oil & gas companies. Given the reliance on oil for meeting a nation's energy requirements, interventions by local and national governments are fairly commonplace in the industry. Bolivia nationalized its gas reserves and Venezuela forced the international companies to cede control.

In Europe, Gazprom's decision to cut off Ukraine's supplies sent ripples throughout Europe, which is heavily reliant on Russian gas. This report identifies the underlying long term trends in the industry and their implications for future energy demand and consumption. It also outlines the main drivers of oil prices and analyzes the global oil & gas reserves and consumption patterns.

Finally, the report profiles the top ten oil & gas companies that are owned and managed by the private sector. For each company, a summary of the business model, strengths, strategies and challenges that the company faces will be analyzed. Companies, where the government owns more than 50% of the equity or exercises substantial control, have been excluded from the report.

Key Issues Examined in this report:

-- High and increasing oil prices, their underlying causes and their effect on the major oil and gas companies.

-- Competition for declining reserves. Declines in both reserve life and production from existing fields are driving the leading oil and gas companies to formulate new strategies and technologies to acquire reserves and grow production.

-- Asian demand. Rapidly population growth and strong economic growth is forecast to drive energy demand in the Asian countries to increase 57% by 2025.

-- Production stability. Production is moving away from declining mature fields in Western countries, to politically unstable sensitive countries increasing the chances of disruptions increase and could contribute to higher oil prices in the future.

-- Alternative energy. High oil prices and environmental concerns have renewed the appeal of alternative energy forms.

Key Questions Answered:

-- What is the current reserve replacement rate and reserve life of each of the leading oil and gas companies? What strategies are they pursuing to replenish their reserves and grow production?

-- How much are the upstream capital expenditure budgets of each of the major oil and gas companies?

-- What are the leading oil and companies plans for production growth given the decline in production from their existing fields and where are they focusing their exploration efforts?

-- Which technologies are the leading oil and gas companies investing in and why?

-- What are the key drivers of oil and gas industry mergers and acquisitions?

-- What is the long term forecast for oil and gas consumption?

-- What are the fundamental causes for high oil prices?

Topics Covered

The Top Ten Oil and Gas Companies

Executive Summary

Market context

Abbreviations used

Exxon Mobil Corporation

OAO LUKOIL

BP

Chevron Corporation

Petroleo Brasileiro S.A. (Petrobras)

Royal Dutch Shell plc

Total S.A.

ConocoPhillips

OAO Surgutneftegas

Eni SpA

Chapter 1 Introduction

What is this report about?

Methodology

Chapter 2 Market context

Summary

Overview

Market trends

Sustained increase in oil prices since 2003

Underlying causes for high oil prices

2005 - Record profits for Big Oil, but costs are increasing

Topics covered in the chapters below include:

- Summary - Company Information - Oil & Gas Operations - Reserves & Production - Upstream Strategy - SWOT Analysis - Conclusions

Chapter 3 Exxon Mobil Corporation

Chapter 4 OAO LUKOIL

Chapter 5 BP

Chapter 6 Chevron Corporation

Chapter 7 Petroleo Brasileiro S.A. (Petrobras)

Chapter 8 Royal Dutch Shell plc

Chapter 9 Total S.A.

Chapter 10 ConocoPhillips

Chapter 11 OAO Surgutneftegas

Chapter 12 Eni SpA

List of Figures

List of Tables

Companies Mentioned

- Exxon Mobil Corporation - OAO LUKOIL - BP - Chevron Corporation - Petroleo Brasileiro S.A. (Petrobras) - Royal Dutch Shell plc - Total S.A. - ConocoPhillips - OAO Surgutneftegas - Eni SpA

For more information visit http://www.researchandmarkets.com/reports/c39078

Source: Business Wire

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