Shell

This tag is associated with 3 posts

Russia’s Energy Profile: Analysis Of The World’s Largest Crude Oil Producer

Posted by EM_Equity ⋅ August 6, 2015 ⋅ Leave a comment

By EIA Russia is the world’s largest producer of crude oil (including lease condensate) and the second-largest producer of dry natural gas. Russia also produces significant amounts of coal. Russia’s economy is highly dependent on its hydrocarbons, and oil and natural gas revenues account for more than 50% of the federal budget revenues. Russia is … Continue reading →

Russia’s St. Petersburg International Economic Forum Sees Contracts Worth $5.4 Billion

Posted by ETFalpha ⋅ June 21, 2015 ⋅ Leave a comment

The number of contracts signed during the International Economic Forum in St. Petersburg in Russia completely refutes the picture of Russia’s economic isolation as 205 deals estimated at $5.4 billion were signed. Let’s look at the numbers closer to get a better overview of the forum. 2015 205 contracts valued at around $5.4 billion vs. 2014 … Continue reading →

Plunging Oil Prices Force Oil Majors To Cut Billions In Spending

Posted by ETFalpha ⋅ January 26, 2015 ⋅ Leave a comment

The world’s leading oil companies are reported to be planning a $28 billion cut in capital spending by 2017 to keep debt at a sustainable level at a time when oil prices continue to fall. Investment in exploration and development of oil and gas fields could drop by 20 percent by 2017 compared to last … Continue reading →