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The Oil & Gas Pipelines Market Analysis 2012-2022

The Oil & Gas Pipelines Market Analysis 2012-2022

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$35 billion in Oil & Gas Deals Announced First Quarter 2012

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The Oil Tanker Market 2012-2022

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Global transaction deal value down 26% from Fourth Quarter 2011

Thu, 24 May 2012 10:47:26 +0000

PR Newswire

NEW YORK, May 24, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

The Oil & Gas Pipelines Market Analysis 2012-2022

http://www.reportlinker.com/p0802473/The-Oil--Gas-Pipelines-Market-Analysis-2012-2022.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Logistics_and_Freight

Report Details

Oil and gas pipelines are an essential part of hydrocarbon transportation and distribution. The market is constantly evolving and advancing, from making construction times quicker to increasing pipeline capacity. Pipelines are part of a necessary infrastructure required to ensure the smooth operation of the energy industry. No other transportation method has the ability to move comparable amounts of oil or gas. This unique selling point has allowed the pipelines industry to grow over the previous century and this is set to continue for the foreseeable future. Visiongain calculates that global expenditure on oil and gas pipelines in 2012 will total $60.29bn.

Though the pipelines industry will be faced with the restraints of a weak global economy, political instability in certain parts of the world and the expansion of LNG infrastructure, the oil and gas pipelines market is likely to provide substantial opportunities for potential investors. This report offers an examination of the oil and gas market over the next decade, providing detailed market forecasts for each of the national markets and offering in-depth analysis of the opportunities and challenges facing companies in the oil and gas pipelines market throughout the world.

The report also describes the most important technological changes within the oil and gas pipelines industry and assesses their importance for the growth of the market over the long-term. The various drivers and restraints of the market are evaluated in order to provide readers with specific insights into the future direction of the oil and gas pipelines market.

Unique Selling Points

• Global oil & gas pipelines market forecasts and analysis for 2012-2022.• 202 tables, charts and graphs quantifying, analysing and forecasting the oil & gas pipelines market from 2012-2022.• Analysis and forecasts informed by consultation with industry expert opinion, including a full transcript of an interview with Det Norske Veritas (DNV).• National market forecasts and analysis for the 30 leading national oil & gas pipeline markets along with the market for the rest of the world.• Profiles of the 32 leading companies within the oil and gas pipelines market.• SWOT analysis of the strengths, weaknesses, opportunities and threats facing the oil and gas pipelines market over the next ten years.• Examination of the emerging technologies in the oil and gas pipelines market.

Methodology

This report has been compiled by combining information obtained from a very wide and rich mixture of primary and secondary research sources, producing a broad industry overview. Visiongain sought opinions from leading figures in the oil and gas pipelines market to underpin the analysis of market drivers and restraints. The study draws on a diverse range of official corporate and governmental announcements, media reports, policy documents, industry statements and expert opinion as a basis for discussing and predicting developments in the oil and gas pipelines market between 2012 and 2022.

Visiongain considers that this methodology results in an accurate, objective mixture of analyses and forecasts.

Why you should buy The Oil & Gas Pipelines Market Analysis 2012-2022

• You will gain an understanding of the oil & gas pipelines market and learn how it will evolve over the next decade, with detailed global forecasts from 2012 to 2022.

• The forecasts and analysis are underpinned by expert consultation. A transcript of an original interview is included within the report with expert insight from:

- Det Norske Veritas (DNV), Head of communications for Europe and North Africa, Per Wiggo Richardsen

• You will be able to study 202 tables, charts and graphs quantifying the oil and gas pipelines market in detail over the period 2012-2022.

• You will receive national sales forecasts for the 30 leading national oil & gas pipelines markets along with the market for the rest of the world for 2012-2022, and gain insight into the specific market drivers and restraints in each of the following national markets:

- Algeria

- Argentina

- Australia

- Brazil

- Canada

- China

- France

- Germany

- India

- Indonesia

- Iran

- Iraq

- Italy

- Kazakhstan

- Libya

- Malaysia

- Mexico

- Nigeria

- Norway

- Pakistan

- Poland

- Rest of the World

- Russia

- Saudi Arabia

- Spain

- Turkmenistan

- UAE

- UK

- Ukraine

- US

- Venezuela

• You will receive profiles of 32 of the leading companies within the oil and gas pipelines marketplace.

• You will receive a SWOT analysis for strengths, weaknesses, opportunities and threats to the oil and gas pipelines market from 2012 onwards.

What is the structure of the report?

Chapter 2 is an introduction to the oil and gas pipelines market

Chapter 3 offers an overview of the oil and gas pipelines market, with the specific drivers and restraints analysed in detail and visiongain's exclusive forecast from 2012-2022

Chapter 4 analyses the 30 leading national oil and gas pipelines markets plus the rest of the world: Detailed market forecasting and analysis is provided for each nation, including information on oil and gas pipelines projects and recent developments.

Chapter 5 provides an extensive SWOT analysis, discussing the main strengths, weaknesses, opportunities and threats to the oil and gas pipelines market over the coming decade.

Chapter 6 describes emerging technologies within the oil and gas pipelines market which will gain increasing importance during the following decade.

Chapter 7 offers expert opinion from a leading specialist involved in the oil and gas pipelines market

Chapter 8 lays out profiles of 32 of the leading companies within the oil and gas pipelines market from around the world

Chapter 9 is a summary of the report, outlining the main conclusions of the analyses.

Chapter 10 is a glossary of acronyms used in the report

You can order this report today

Anybody with an interest in the oil & gas pipelines market should gain valuable information and insight from this new study by visiongain, which analyses one of the most important elements of the oil & gas industry. The oil & gas pipelines market offers substantial business and investment opportunities and is set to become an increasingly important component of the energy sector in several key regions.

This visiongain energy report will be valuable both to those already involved in oil & gas pipelines and those wishing to enter the market in the future. Gain an understanding of how to tap into the potential of this market by ordering The Oil & Gas Pipelines Market Analysis 2012-2022

Visiongain is a trading partner with the US Federal Government

CCR Ref number: KD4R6

Table of Contents

1. Executive Summary

1.1 The Oil & Gas Pipelines Market Overview

1.2 Drivers and Restraints in the Oil & Gas Pipelines Market

1.2.1 Drivers in the Oil & Gas Pipelines Market

1.2.2 Restraints in the Oil & Gas Pipelines Market

1.3 Emerging Economies and the Oil & Gas Pipelines Market

1.4 Highlights of the Report

1.5 Benefits of the Report

1.6 Methodology of the Report

1.7 The Global Oil & Gas Pipelines Market Forecast 2012-2022

1.8 The Fastest Growing Oil & Gas Pipeline Markets

2. Introduction to the Oil & Gas Pipelines Market2.1 Pipeline Types2.2 The Components of a Pipeline2.3 Pipeline Construction2.4 Construction of Land Pipelines2.5 Construction of Subsea Pipelines2.6 Pipeline Operation2.7 Leak Detection

3. The Global Oil & Gas Pipelines Market

3.1 The Global Oil & Gas Pipelines Market Forecast 2012-2022

3.2 Drivers and Restraints of the Oil & Gas Pipelines Market

3.3 Drivers

3.3.1 Oil Prices

3.3.2 Oil Supply

3.3.3 Oil Demand

3.3.4 Oil Speculation

3.3.5 The Dollar Effect

3.3.6 Unconventional Oil and Gas

3.3.7 Strong Natural Gas Demand

3.3.8 Growth from Emerging Countries

3.4 Restraints

3.4.1 Liquefied Natural Gas (LNG)

3.4.2 Slow Economic Growth

3.4.3 Political Instability

3.4.4 Environmental Concern

4. The Leading National Oil & Gas Pipelines Markets4.1 The US Oil & Gas Pipelines Market Forecast 2012-20224.1.1 US Oil & Gas Pipeline Projects4.2 The Russian Oil & Gas Pipelines Market Forecast 2012-20224.2.1 Russian Oil & Gas Pipeline Projects4.3 The Canadian Oil & Gas Pipelines Market Forecast 2012-20224.3.1 Canadian Oil & Gas Pipeline Projects4.4 The Brazilian Oil & Gas Pipelines Market Forecast 2012-20224.4.1 Brazilian Oil & Gas Pipeline Projects4.5 The Chinese Oil & Gas Pipelines Market Forecast 2012-20224.5.1 Chinese Oil & Gas Pipeline Projects4.6 The Indian Oil & Gas Pipelines Market Forecast 2012-20224.6.1 Indian Oil & Gas Pipeline Projects 4.7 The German Oil & Gas Pipelines Market Forecast 2012-20224.7.1 German Oil & Gas Pipeline Projects4.8 The Saudi Arabian Oil & Gas Pipeline Market Forecast 2012-20224.8.1 Saudi Arabia Oil & Gas Pipeline Projects4.9 The French Oil & Gas Pipelines Market Forecast 2012-20224.10 The UAE Oil & Gas Pipeline Market Forecast 2012-20224.10.1 UAE Oil & Gas Pipeline Projects4.11 The Mexican Oil & Gas Pipelines Market Forecast 2012-2022 4.11.1 Mexican Oil & Gas Pipeline Projects4.12 The Kazakh Oil & Gas Pipelines Market Forecast 2012-20224.12.1 Kazakh Oil & Gas Pipeline Projects4.13 The Iranian Oil & Gas Pipeline Market Forecast 2012-20224.13.1 Iranian Oil & Gas Pipeline Projects4.14 The Ukrainian Oil & Gas Pipeline Market Forecast 2012-20224.14.1 Ukrainian Oil & Gas Pipeline Projects 4.15 The Iraqi Oil & Gas Pipeline Market Forecast 2012-20224.15.1 Iraqi Oil & Gas Pipeline Projects4.16 The Venezuelan Oil & Gas Pipelines Market Forecast 2012-20224.16.1 Venezuelan Oil & Gas Pipeline Projects4.17 The Malaysian Oil & Gas Pipeline Market Forecast 2012-20224.17.1 Malaysian Oil & Gas Pipeline Projects4.18 The Spanish Oil & Gas Pipelines Market Forecast 2012-20224.18.1 Spanish Oil & Gas Pipeline Projects 4.19 The Indonesian Oil & Gas Pipelines Market Forecast 2012-20224.19.1 Indonesian Oil & Gas Pipeline Projects 4.20 The Argentinean Oil & Gas Pipelines Market Forecast 2012-20224.20.1 Argentinean Oil & Gas Pipeline Projects 4.21 The Norwegian Oil and Gas Pipelines Market Forecast 2012-20224.21.1 Norwegian Oil & Gas Pipeline Projects4.22 The Algerian Oil & Gas Pipelines Market Forecast 2012-20224.22.1 Algerian Oil & Gas Pipeline Projects4.23 The Australian Oil & Gas Pipelines Market Forecast 2012-20224.23.1 Australian Oil & Gas Pipelines Projects4.24 The Polish Oil & Gas Pipeline Market Forecast 2012-20224.24.1 Polish Oil & Gas Pipeline Projects4.25 The Italian Oil & Gas Pipeline Market Forecast 2012-20224.25.1 Italian Oil & Gas Pipeline Projects4.26 The UK Oil & Gas Pipeline Market Forecast 2012-20224.26.1 UK Oil & Gas Pipeline Projects4.27 The Nigerian Oil & Gas Pipelines Market Forecast 2012-20224.27.1 Nigerian Oil & Gas Pipeline Projects4.28 The Turkmen Oil & Gas Pipeline Market Forecast 2012-20224.28.1 Turkmen Oil & Gas Pipeline Projects4.29 The Libyan Oil & Gas Pipelines Market Forecast 2012-20224.30 The Pakistani Oil & Gas Pipeline Market Forecast 2012-20224.30.1 Pakistani Oil & Gas Pipeline Projects4.31 The Rest of the World Oil & Gas Pipelines Market Forecast 2012-20224.31.1 Aleksandrovac-Novi Pazar Gas Pipeline4.31.2 Bulgarian-Turkish Natural Gas Pipeline4.31.3 Nabucco Pipeline4.31.4 Nam Con Son 2 Gas Pipeline Project- Vietnam4.31.5 PNG LNG Project -Papua New Guinea4.31.6 Slovak-Hungarian Gas Pipeline Interconnector Project4.31.7 The Mozambique to Gauteng Pipeline - Mozambique to South Africa

5. SWOT Analysis of the Oil & Gas Pipelines Market 2012-2022

5.1 Strengths

5.1.1 Cost Effective Way of Transport

5.1.2 High Oil Prices

5.1.3 Natural Gas Pipelines

5.1.4 Unconventional Oil & Gas

5.2 Weaknesses

5.2.1 Easily Damaged

5.2.2 Complex Monitoring Process

5.2.3 Poor Economics in Subsea Environments

5.2.4 Economic Problems with Cross Border Pipelines

5.2.5 Pipeline Capacity and Utilisation Rate

5.3 Opportunities

5.3.1 Technological Advances

5.3.2 Upgrading Infrastructure

5.3.3 Pipeline Maintenance Contracts

5.3.4 New Oil and Gas Field Discoveries

5.3.5 Emerging Non-OECD Economies

5.4 Threats

5.4.1 LNG Development

5.4.2 Natural Gas Low Price Scenario

6. New Technology and Techniques Transforming the Oil & Gas Pipelines Market6.1 Geographic Information Systems6.2 Deckhand Pipe Handling System6.3 Vacuum Lifter6.4 Leak Detection6.5 Coating6.6 Heat Wraps6.7 Pressure Isolation6.8 Multiple Pig Launching System

7. Expert Opinion

7.1 Det Norske Veritas Ltd (DNV)

7.1.1 DNV's Role in the Pipelines Industry

7.1.2 Offshore Pipelines

7.1.3 Regions Experiencing Expansion within the Oil & Gas Pipelines Market

7.1.4 New Technological Developments in the Industry

7.1.5 Oil & Gas Pipelines Market and Slow Economic Growth

8. Leading Companies in the Oil & Gas Pipelines Market8.1 Leading NOCs Involved in the Oil & Gas Pipelines Market8.1.1 Abu Dhabi National Oil Company (ANDOC)8.1.2 Gazprom8.1.3 National Iranian Oil Company8.1.4 Nigerian National Petroleum Corporation (NNPC)8.1.5 Petroleos de Venezuela S.A. (PDVSA)8.1.6 Petróleos Mexicanos (Pemex)8.1.7 Petronas8.1.8 Saudi Aramco8.1.9 Sonatrach8.2 Leading International Oil and Gas Companies Involved in the Oil & Gas Pipelines Market8.2.1 BP8.2.2 Chevron Corporation8.2.3 ConocoPhillips 8.2.4 Eni S.P.A.8.2.5 ExxonMobil8.2.6 Lukoil8.2.7 Royal Dutch Shell8.2.8 Total S.A.8.3 Leading Oil and Gas Pipeline Construction and Service Companies8.3.1 Atlas Pipeline Partners L.P. 8.3.2 Bechtel 8.3.3 CrossTex Energy8.3.4 Eagle Rock Energy Partners 8.3.5 El Paso Pipeline Partners L.P8.3.6 Enbridge Energy Partners8.3.7 Energy Transfer 8.3.8 Enterprise Product Partners L.P8.3.9 Kinder Morgan Energy Partners L.P.8.3.10 NuStar Energy L.P.8.3.11 ONEOK Partners L.P.8.3.12 Plains All American Pipelines L.P.8.3.13 Spectra Energy8.3.14 Targa Resources8.3.15 Technip

9. Conclusions

9.1 The Global Oil & Gas Pipelines Market 2012-2022

9.2 The Fastest Growing Oil & Gas Pipelines Markets

9.3 Oil & Gas Pipelines Market Outlook

9.4 Summary of the Oil & Gas Pipeline Market

10. Glossary

List of Tables

Table 3.1 Global Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 3.2 Global Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 3.3 Leading National Oil & Gas Pipelines Markets Forecast 2012-2022 ($bn, AGR %)Table 3.4 Leading 30 National Markets Pipeline Total by Length and Category (km)Table 3.5 Drivers and Restraints of the Global Oil & Gas Pipelines MarketTable 4.1 US Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.2 US Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.3 US Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.4 Russian Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank,% Share, CAGR %, Cumulative)Table 4.5 Russian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.6 Russian Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.7 Canadian Oil & Gas Pipeline Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.8 Canadian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.9 Canadian Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.10 Brazilian Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.11 Brazilian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.12 Brazilian Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.13 Chinese Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.14 Chinese Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.15 Chinese Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.16 Indian Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.17 Indian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.18 Indian Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.19 German Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.20 German Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.21 German Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.22 Saudi Arabian Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.23 Saudi Arabian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.24 Saudi Arabian Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.25 French Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.26 French Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.27 French Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.28 UAE Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.29 UAE Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.30 UAE Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.31 Mexican Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.32 Mexican Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.33 Mexican Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.34 Kazakh Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.35 Kazakh Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.36 Kazakh Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.37 Iranian Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.38 Iranian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.39 Iranian Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.40 Ukrainian Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.41 Ukrainian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.42 Ukrainian Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.43 Iraqi Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.44 Iraqi Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.45 Iraqi Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.46 Venezuelan Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.47 Venezuelan Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.48 Venezuelan Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.49 Malaysian Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.50 Malaysian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.51 Malaysian Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.52 Spanish Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.53 Spanish Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.54 Spanish Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.55 Indonesian Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.56 Indonesian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.57 Indonesian Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.58 Argentinean Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.59 Argentinean Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.60 Argentinean Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.61 Norwegian Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.62 Norwegian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.63 Norwegian Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.64 Algerian Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.65 Algerian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.66 Algerian Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.67 Australian Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.68 Australian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.69 Australian Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.70 Polish Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.71 Polish Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.72 Polish Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.73 Italian Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.74 Italian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.75 Italian Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.76 UK Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.77 UK Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.78 UK Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.79 Nigerian Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.80 Nigerian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.81 Nigerian Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.82 Turkmen Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.83 Turkmen Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.84 Turkmen Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.85 Libyan Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.86 Libyan Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.87 Libyan Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.88 Pakistani Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.89 Pakistani Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.90 Pakistani Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 4.91 RoW Oil & Gas Pipelines Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)Table 4.92 RoW Oil & Gas Pipelines Market Forecast 2012-2022 ($bn, AGR %)Table 4.93 RoW Oil & Gas Pipelines Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022Table 5.1 SWOT Analysis of the Oil & Gas Pipelines Market 2012-2022

List of Figures

Figure 1.1 The 10 Fastest Growing National Oil & Gas Pipelines Market Forecasts 2012-2022 ($bn)Figure 3.1 Global Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 3.2 Leading National Oil & Gas Pipeline Market Share Forecast 2012 (%)Figure 3.3 Leading National Oil & Gas Pipeline Market Share Forecast 2017 (%)Figure 3.4 Leading National Oil & Gas Pipeline Market Share Forecast 2022 (%)Figure 3.5 Leading 10 Nations with the Largest Total Oil and Gas Pipeline Length (km)Figure 3.6 Leading 10 Nations with the Largest Total Gas Pipeline Length (km)Figure 3.7 Leading 10 Nations with the Largest Total Oil Pipeline Length (km)Figure 3.8 Average Oil Prices 1990-2012 ($/barrel)Figure 3.9 BRIC Nation's GDP per Capita ($, current prices) 1992-2012Figure 4.1 US Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.2 US Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.3 US Pipeline Length by Type 2010 (%)Figure 4.4 Russian Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.5 Russian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.6 Russian Pipeline Length by Type 2010 (%)Figure 4.7 Canadian Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.8 Canadian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.9 Canadian Pipelines Length by Type 2010 (%)Figure 4.10 Brazilian Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.11 Brazilian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.12 Brazilian Pipeline Length by Type 2010 (%)Figure 4.13 Chinese Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.14 Chinese Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.15 Chinese Pipeline Length by Type 2010 (%)Figure 4.16 Indian Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.17 Indian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.18 Indian Pipeline Length by Type 2010 (%)Figure 4.19 German Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.20 German Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.21 German Pipeline Length by Type 2010 (%)Figure 4.22 Saudi Arabian Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.23 Saudi Arabian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.24 Saudi Arabian Pipeline Length by Type 2010 (%)Figure 4.25 French Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.26 French Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.27 French Pipeline Length by Type 2010 (%)Figure 4.28 UAE Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.29 UAE Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.30 UAE Pipeline Length by Type 2010 (%)Figure 4.31 Mexican Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.32 Mexican Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.33 Mexican Pipeline Length by Type 2010 (%)Figure 4.34 Kazakh Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.35 Kazakh Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.36 Kazakh Pipeline Length by Type 2010 (%)Figure 4.37 Iranian Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.38 Iranian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.39 Iranian Pipeline Length by Type 2010 (%)Figure 4.40 Ukrainian Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.41 Ukrainian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.42 Ukrainian Pipeline Length by Type 2010 (%)Figure 4.43 Iraqi Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.44 Iraqi Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.45 Iraqi Pipeline Length by Type 2010 (%)Figure 4.46 Venezuelan Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.47 Venezuelan Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.48 Venezuelan Pipeline Length by Type 2010 (%)Figure 4.49 Malaysian Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.50 Malaysian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.51 Malaysian Pipeline Length by Type 2010 (%)Figure 4.52 Spanish Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.53 Spanish Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.54 Spanish Pipeline Length by Type 2010 (%)Figure 4.55 Indonesian Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.56 Indonesian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.57 Indonesian Pipeline Length by Type 2010 (%)Figure 4.58 Argentinean Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.59 Argentinean Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.60 Argentinean Pipeline Length by Type 2010 (%)Figure 4.61 Norwegian Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.62 Norwegian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.63 Norwegian Pipeline Length by Type 2010 (%)Figure 4.64 Algerian Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.65 Algerian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.66 Algerian Pipeline Length by Type 2010 (%)Figure 4.67 Australian Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.68 Australian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.69 Australian Pipeline Length by Type 2010 (%)Figure 4.70 Polish Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.71 Polish Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.72 Polish Pipeline Length by Type 2010 (%)Figure 4.73 Italian Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.74 Italian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.75 Italian Pipeline Length by Type 2010 (%)Figure 4.76 UK Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.77 UK Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.78 UK Pipeline Length by Type 2010 (%)Figure 4.79 Nigerian Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.80 Nigerian Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.81 Nigerian Pipeline Length by Type 2010 (%)Figure 4.82 Turkmen Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.83 Turkmen Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.84 Turkmen Pipeline Length by Type 2010 (%)Figure 4.85 Libyan Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.86 Libyan Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.87 Libyan Pipeline Length by Type 2010 (%)Figure 4.88 Pakistani Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.89 Pakistani Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 4.90 Pakistani Pipeline Length by Type 2010 (%)Figure 4.91 RoW Oil & Gas Pipelines Market Share Forecast 2012, 2017 and 2022 (% Share)Figure 4.92 RoW Oil & Gas Pipelines Market Forecast 2012-2022 ($bn)Figure 5.1 Onshore Pipeline, Offshore Pipeline, LNG Cost per km ($/MMBtu)

Companies Listed

Abu Dhabi Company for Onshore Oil Operations (ADCO)

Abu Dhabi Gas Industries (GASCO)

Abu Dhabi Marine Operating Company (ADMA-OPCO)

Abu Dhabi National Drilling Company (NOC)

Abu Dhabi National Oil Company (ADNOC)

ACIL Tasman

ADCOP

Allseas

Anadarko

Anver Corporation

Arab Petroleum Pipeline Company

Arrow Energy

Atlas Pipeline Partners L.P.

Australian Gas Light Company (AGL)

BASF

Bayou Companies LLC

Beach Energy

Bechtel

Belleli Energy

BG Group

Bison Pipeline LLC

Boskalis Westminster

Botas

BP Pipeline-North America

BP Products North America Inc

Bredero Shaw Ltd

Britoil

Bulgarian Energy Holding

Caspian Pipeline Consortium (CPC)

Cassa depositi e prestiti Bank

Caterpillar

Cespa

Chevron

Chevron Pipe Line Company

China National Oil and Gas Exploration and Development Corporation (CNODC)

China National Petroleum Corporation (CNPC)

China Petroleum Engineering & Construction (CPEC)

Colombian Empresa Colombiana de Petróleos (Ecopetrol)

Companhia de Desenvolvimento de Petroleo de Mozambique

ConocoPhillips

ConocoPhillips Pipe Company (CPPC)

Consolidated Contractors Company

Consortium Supercemento-ILKA

Converteam Group SAS

CrossTex Energy

DCP Midstream

Det Norske Veritas (DNV)

DMGP Servicios de Integridad

Dodsal Group

DOF Subsea

Dow Chemical Corporation

Druzhba Pipeline Company

E.ON

E.ON UK

Eagle Rock Energy Partners

EDF

Edison

EGL Group

Egyptian General Petroleum Corporation (EGPC)

El Paso Corporation

El Paso Pipeline Corporation

El Paso Pipeline Partners L.P

Elba Express Company, L.L.C.

Elecnor

Enbridge Energy Partners

Enbridge Inc.

Enbridge Pipelines L.L.C

Endesa

Enel

Energía Argentina Sociedad Anónima (ENARSA)

Energy Transfer

Eni

Eni Gas Transport Deutschland SpA

Eni Gas Transport GmbH

Eni Gas Transport International

Enterprise Products Partners L.P.

Epic Energy

EQT Corporation

Equitrans

Esso Highlands Limited

EUPEC PipeCoatings S.A

Euroframe

EUROPIPE

ExxonMobil

ExxonMobil Pipeline Company

Fermaca

Flowserve

Fluor

Fluxys G

GAIL (India) Limited

Gas Company

Gasoducto Cruz del Sur Consortium

Gassco AS

Gassled

Gazprom

Gaz-System

GDF Suez

Gigajovle International (Pty) Ltd.

Global Infrastructure Partners (GIP)

Groupe Genoyer

Gujarat State Petroleum Corporation (GSPC)

Halliburton

Hera

Husky Oil China

Iberdrola

IFAO

Imperial Oil

Indian Oil Corporation (IOC)

Industrial-Nanotech Inc

InnerArmor

Inpex

Insituform

Interoil

Jindal Group

KasTransOil (KTO)

KaziMunaiGas (KMG)

KaziTransGas

Kinder Morgan

Kinder Morgan Energy Partners L.P.

Korea Gas Corporation

L&T Hydrocarbon's Upstream Business Group

La Valley Industries

Larsen & Toubro (L&T)

Liquefied Natural Gas (LNG) Ltd

LukArco

Lukoil

Magistralni Naftoprovody Druzhba

Marathon Oil

Marin Matteknik

McConnell Dowell

McDermott International

Mitsui Group

MOL

Murphy Oil

Myanmar Oil and Gas Enterprise (MOGE)

N.V. Gasunie

Naftogaz

National Grid

National Iranian Oil Company

National Oil Company (NOC)

National Petroleum Construction Company (NPCC)

Natural Gas Pipeline Company of America

Nautronix

Net4Gas

Nigerian National Petroleum Corporation (NNPC)

Nord Stream AG

NuStar Energy L.P.

Occidental Petroleum Corporation

Oil and Gas Development Company Ltd (OGDCL)

Oil and Natural Gas Corporation Ltd (ONGC)

Oil India Ltd

OMK

OMV

ONEOK Partners L.P.

Pacific Gas and Electric (PG&E)

Panhandle Energy

Pembina Pipeline Corporation

Penspen

Pertamina Gas

Pertomina PT

Perusahaan Gas Negara (PGN).

Perusahaan Listrik Negara

PeterGaz

Petrobras

PetroChina

Petrofrac

Petroleam Nasional Berhad (Petronas)

Petroleos de Venezuela S.A. (PDVSA)

Petroleos Mexicanos (PEMEX)

Petroleum Equipment Assembly and Metal Structure (PUC MS)

Petroleus de Mozambique ( Petromac)

Petroline

Petroterminal de Panama (PTP)

Petrovietnam Construction (PVC)

Petrovietnam Gas Corporation (PV Gas)

PGNiG

Pipeline Machinery International

Pipelines and Products Marketing Company Limited (PPMCL)

PipeSak Inc

Pivdenni Magistralni Naftoprovody

Plains All American Pipelines L.P

Powerblanket

Provident Energy Ltd

Prydniprovski Magistralni Naftoprovody

Prydniprovsky Main Pipeline Company

PTT Public Company

PTTEP International

Punj Lloyd

QinetiQ

Ramboll UK Limited

Reliance Industries

Repsol

Rolls-Royce plc

Rosneft

Royal Dutch Shell (Shell)

Ruhrgaz

RWE

Saipem

Salzgitter Mannesmann International

Santos

Saudi Aramco

SeaFlex Ltd

Seirmax

Senex Energy

Shell Chemicals

Shell Oil Company

Shell Pipeline Company LP

Sino Turkmenistan Gas Pipe Corporation

Sinopec

Skalica

Snam Rete Gas

Socotherm SPA

Sonatrach

South Australian Gas Company

South Oil Company of Iraq (SOC)

Southern LNG Company, L.L.C

Southern Natural Gas Company, L.L.C

Southern Union Company

Spectra Energy

Srbijagas

Statoil

Sub-One Technology

Subsea 7

Sumitomo Corporation

Suncor Energy

Surat Gladstone Pipeline Pty Ltd

SURF Subsea Inc

T.D. Williamson UK

Takreer

Talisman Energy

Tarahumara Pipeline

Targa Resources

TC Pipelines LP

Technip

Tengizchevroil (TCO)

Texas Intrastate Pipeline Group

The Royal Bank of Scotland

TIGF

Total S.A.

Trans Adriatic Pipeline AG

TransCanada Corporation

Transgaz

Transneft

Transpetro

Transportadora de Gas del Norte (TGN)

Transportadora de Gas del Sur (TGS)

Ukrtransgaz

Ukrtransnafta

Valero Energy

Vico

Wintershall Holding

WOESA Consortium (Pty) Ltd.

Worley Parsons

Wyoming Interstate Company, L.L.C

Government Agencies and Other Organisations Mentioned in This Report

Abu Dhabi Water and Electricity Authority

Algerian Gas and Electricity Regulatory Commission

Association of South East Asian Nations (ASEAN)

Canadian Energy Pipeline Association (CEPA)

Canadian Standards Association (CSA)

Cedigaz

Central Intelligence Agency CIA

Electricity Trust of South Australia

Energy Information Administration (EIA)

European Energy Programme for Recovery

European Union (EU)

Federal Energy Regulatory Commission (FERC)

Federal Minister of Natural Resources

Federal Ministry of Mines and Power

Federa

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NEW YORK, May 23, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

The 20 Leading Companies in Shale Gas 2012: Competitive Landscape Analysis

http://www.reportlinker.com/p0801505/The-20-Leading-Companies-in-Shale-Gas-2012-Competitive-Landscape-Analysis.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Oil_and_Gas_energy

Report Details

Over the last five years, shale gas has become a major new source of natural gas supply to theUS market, the largest gas market in the world. Over this time, both gas production and capital investment into shale development have grown considerably, bring this market once dominated by small private companies into the global spotlight.

Currently the North American gas market is seeing a period of substantial oversupply as booming production coupled with unmatched demand leave a glut of gas on the market. As constraints in the natural gas market become increasingly restrictive, competitive positioning becomes ever more vital for further business development.

This report examines the positioning of the major players in the market by creating a market share analysis of the 20 largest companies by capital expenditure on shale gas in 2011. The leading companies are compared by market share, shale plays, shale gas acreage, proportion of their business focused on shale gas, and the expected change in expenditure from 2011 to 2012. A forecast for 2012 expenditure on shale gas development is also made, introducing new players to the top spending group as the better positioned companies show their advantages. A SWOT analysis of each of the companies is also included, providing a short to mid term outlook for each of the leading 20 companies.

The major producing shale plays are also analysed in terms of break even cost, initial production rates and liquids showing. This analysis is then used to calculate the prospects of each company depending on where they operate and the extent of their acreage.

This information is provided at a critical time in the brief history of shale gas as record low natural gas prices in North America put pressure on the economical development of resources. The report provides an unbiased and clear indication of which companies are in the most advantageous position going forward.

Unique Selling Points

• A competitive analysis of the leading twenty shale gas companies, comparing and ranking capital expenditure and acreage positioning• Market share data and analysis of the top 20 shale gas companies based on capital expenditure on shale gas development in 2011 and expected expenditure for 2012• Capital expenditure and operational data verified through direct consultation with the leading companies• Data and analysis of shale gas acreage positions of the top 20 shale gas companies• A SWOT analysis illustrating the strengths, weaknesses, opportunities and threats to each of the leading 20 shale gas companies• 104 tables, charts and graphs analysing and comparing each of the leading companies and their position in the shale gas market• An indication of how much of the top 20 companies' business is focused on the shale gas industry• Analysis of which companies are likely to increase, decrease or maintain spending over the next year• A comprehensive overview of the most important trends in the shale gas market, shaping the decisions of the major companies• A PEST analysis of the shale gas market, covering the critical political, economical, social and technological issues influencing companies in the shale gas market• A comparison of the major North American shale plays by break even cost, initial production rates and liquids content

Methodology

This report has been compiled by combining information obtained from a wide and rich mixture of primary and secondary research sources, producing a broad industry overview. Visiongain directly contacted the top companies in the shale gas market, liaising to confirm capital expenditure data and operational information in order to underpin market share calculations and analysis. The study also draws on a broad and diverse range of official corporate announcements and presentations, media reports, policy documents, industry statements and consultation as a basis for calculating the market share and analysing the direction of the shale gas market in 2012.

Visiongain considers that this methodology results in an accurate, objective mixture of data collection and analysis.

Why you should buy The 20 Leading Companies in Shale Gas 2012: Competitive Landscape Analysis

• You will be able to directly compare the largest companies operating in the shale gas industry and develop an idea of who is more competitively placed going forward

• You will be provided with market share data based on capital expenditure on shale gas development in 2011 as well as a forecast for expected expenditure in 2012, introducing new companies to the leading spenders

• You can study the size of the acreage each of the leading companies holds and in which shale plays they are operating

• You can read a SWOT analysis illustrating the strengths, weaknesses, opportunities and threats of the leading 20 shale gas companies

• You are provided with 104 tables, charts and graphs analysing and comparing each of the leading companies and their position in the shale gas market

• You will receive analysis of which companies are likely to increase, decrease or maintain spending over the next year with a short term outlook

• You will understand the most important trends in the shale gas market and see how they are shaping the decisions of the major companies

• You will find a PEST analysis of the shale gas market, covering the critical political, economical, social and technological issues influencing the future of the companies in the shale gas market

• You can directly compare the most important aspects of the major North American shale plays, seeing which plays offer the best returns

What is the structure of the report?

Chapter 1 provides an executive summary of the report, concisely outlining the current state of the shale gas market, the scope of the report and the methodology.

Chapter 2 offers an introduction to the shale gas market by giving an overview of global shale resources, comparing the performance of major shale plays in North America and outlining the most pressing trends currently affecting the industry.

Chapter 3 provides a competitive analysis of the top twenty companies by capital expenditure, market share, acreage, the importance of shale gas to the company and the types of company dominating the market.

Chapter 4 analyses the top twenty shale gas companies in 2011 providing a capital expenditure market share for each company, as well as a forecast for 2012. Information on acreage and operations is included, as well as a SWOT analysis for each company. There is also analysis and market share forecasts for new major companies increasing their investment in the shale gas market in 2012.

Chapter 5 offers a PEST analysis of the shale gas market analysis the critical political, economical, social and technological issues affecting the market.

Chapter 6 provides a clear and succinct conclusion to the report summarising the major attributes required for a company to succeed in the shale gas market, offering insight into which companies are likely show the best performance.

Chapter 7 is a glossary of terms and abbreviations used in the report.

You can order this report today

Anybody with an interest in the shale gas market should gain valuable information and insight from this new study by visiongain, which analyses one of the most exciting new elements of the gas industry. The shale gas market offers substantial business and investment opportunities and is set to become an increasingly important component of the energy sector in several key regions.

This visiongain energy report will be valuable both to those already involved in shale gas market and those wishing to enter the market in the future. Gain an understanding of how to tap into the potential of this market by ordering The 20 Leading Companies in Shale Gas 2012: Competitive Landscape Analysis

Visiongain is a trading partner with the US Federal Government

CCR Ref number: KD4R6

Table of Contents

1. Executive Summary

1.1 The Shale Gas Market Overview

1.2 Highlights of this Report

1.3 The Scope of this Report

1.4 Methodology

1.5 The Leading Twenty Shale Gas Companies 2011

2. Introduction to the Shale Gas Market2.1 Global Shale Gas Resources2.2 A Comparison of the Major North American Shale Gas Plays2.3 Trends in the Shale Gas Sector 2011-20122.3.1 Increasing Influence of Large Multi-National Companies2.3.2 Greater Operational Efficiency2.3.3 Increasing Shift of Capex to Unconventional Liquid Plays 2.3.4 High Oil Price and Low Gas Price

3. Competitor Positioning in the Global Shale Gas Market

3.1 The Leading Twenty Companies' Market Share in the Global Shale Gas Market 2011 and 2012 Forecast

3.2 The Change of Investment in the Shale Gas Market from 2011 to 2012

3.3 Shale Gas Operations as a Percentage of Total Capital Expenditure

3.4 Top Twenty Shale Gas Company North American Shale Gas Acreage Comparison

3.5 Regional Shale Gas Investment Emphasis

4. The Leading Twenty Companies in the Shale Gas Market4.1 Anadarko Petroleum Corporation4.1.1 Overview & Shale Gas Operations4.1.2 SWOT Analysis4.1.3 Future Outlook4.2 BHP Billiton4.2.1 Overview & Shale Gas Operations4.2.2 SWOT Analysis4.2.3 Future Outlook4.3 Chesapeake Energy Corporation4.3.1 Overview & Shale Gas Operations4.3.2 SWOT Analysis4.3.3 Future Outlook4.4 Chevron Corporation4.4.1 Overview & Shale Gas Operations4.4.2 SWOT Analysis4.4.3 Future Outlook4.5 CONSOL Energy Inc.4.5.1 Overview & Shale Gas Operations4.5.2 SWOT Analysis4.5.3 Future Outlook4.6 Devon Energy Corporation4.6.1 Overview & Shale Gas Operations4.6.2 SWOT Analysis4.6.3 Future Outlook4.7 Encana Corporation4.7.1 Overview & Shale Gas Operations4.7.2 SWOT Analysis4.7.3 Future Outlook4.8 EOG Resources, Inc.4.8.1 Overview & Shale Gas Operations4.8.2 SWOT Analysis4.8.3 Future Outlook4.9 EQT Corporation4.9.1 Overview & Shale Gas Operations4.9.2 SWOT Analysis4.9.3 Future Outlook4.10 Exco Resources, Inc.4.10.1 Overview & Shale Gas Operations4.10.2 SWOT Analysis4.10.3 Future Outlook4.11 ExxonMobil Corporation4.11.1 Overview & Shale Gas Operations4.11.2 SWOT Analysis4.11.3 Future Outlook4.12 Marathon Oil Corporation4.12.1 Overview & Shale Gas Operations4.12.2 SWOT Analysis4.12.3 Future Outlook4.13 Range Resources Corporation4.13.1 Overview & Shale Gas Operations4.13.2 SWOT Analysis4.13.3 Future Outlook4.14 Reliance Industries Limited (RIL)4.14.1 Overview & Shale Gas Operations4.14.2 SWOT Analysis4.14.3 Future Outlook4.15 Royal Dutch Shell4.15.1 Overview & Shale Gas Operations4.15.2 SWOT Analysis4.15.3 Future Outlook4.16 Seneca Resources Corporation4.16.1 Overview & Shale Gas Operations4.16.2 SWOT Analysis4.16.3 Future Outlook4.17 SM Energy Company4.17.1 Overview & Shale Gas Operations4.17.2 SWOT Analysis4.17.3 Future Outlook4.18 Southwestern Energy Company4.18.1 Overview & Shale Gas Operations4.18.2 SWOT Analysis4.18.3 Future Outlook4.19 Statoil4.19.1 Overview & Shale Gas Operations4.19.2 SWOT Analysis4.19.3 Future Outlook4.20 Talisman Energy Inc.4.20.1 Overview & Shale Gas Operations4.20.2 SWOT Analysis4.20.3 Future Outlook4.21 Other Shale Gas Companies Forecast to be more Prominent in 2012

5. PEST Analysis of the Shale Gas Market

5.1 Political Factors Influencing the Shale Gas Market

5.1.1 Energy Independence

5.1.2 Reduction of Carbon Dioxide Emissions

5.1.3 Moratoriums on Hydraulic Fracturing

5.2 Economic Factors Influencing the Shale Gas Market

5.2.1 Low US Gas Price

5.2.2 Contractual and Leasing Obligations

5.2.3 Job Creation and Taxes

5.2.4 Reserve Replacement Strategy

5.3 Social Factors Influencing the Shale Gas Market

5.3.1 Public Opposition

5.3.2 Water Resource Use

5.4 Technological Factors Influencing the Shale Gas Market

5.4.1 Innovation to Tackle New Shale Formations

5.4.2 Improving Operational Efficiency

5.4.3 Improved Computer and Simulation Technology

6. Conclusions6.1 The Shale Gas Market Overview6.2 The Best Positioned Companies in the Shale Gas Market 6.3 Concluding Observations

7. Glossary

List of Tables

Table 1.1 The Leading Twenty Companies in the Shale Gas Market 2011 (Rank, Capex $m, Market Share %)

Table 2.1 A Comparison of Major North American Shale Plays by Area (sq. miles), Depth (ft), Thickness (ft), EUR (bcf/well), and Recoverable Resources (tcf)

Table 3.1 The Leading Twenty Shale Gas Companies in the Shale Gas Market 2011 (Rank, Capex $m, Market Share %)

Table 3.2 Companies Increasing, Maintaining and Decreasing Expenditure on Shale Gas from 2011 to 2012

Table 3.3 North American Net Shale Gas Acreage Position of the Leading Twenty Shale Gas Companies (Rank, Acres)

Table 4.1 Anadarko Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.2 Anadarko Shale Gas Acreage 2011 (Acres)

Table 4.3 SWOT Analysis of Anadarko

Table 4.4 BHP Billiton Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.5 BHP Billiton Shale Gas Acreage 2011 (Acres)

Table 4.6 SWOT Analysis of BHP Billiton

Table 4.7 Chesapeake Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.8 Chesapeake Shale Gas Acreage 2012 (Acres)

Table 4.9 SWOT Analysis of Chesapeake

Table 4.10 Chevron Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.11 Chevron North American Shale Gas Acreage 2011 (Acres)

Table 4.12 SWOT Analysis of Chevron

Table 4.13 CONSOL Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.14 CONSOL Shale Gas Acreage 2011 (Acres)

Table 4.15 SWOT Analysis of CONSOL

Table 4.16 Devon Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.17 Devon Shale Gas Acreage 2012 (Acres)

Table 4.18 SWOT Analysis of Devon

Table 4.19 Encana Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.20 Encana Shale Gas Acreage 2011 (Acres)

Table 4.21 SWOT Analysis of Encana

Table 4.22 EOG Resources Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.23 EOG Resources Shale Gas Acreage 2011 (Acres)

Table 4.24 SWOT Analysis of EOG Resources

Table 4.25 EQT Corporation Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.26 EQT Corporation Shale Gas Acreage 2011 (Acres)

Table 4.27 SWOT Analysis of EQT Corporation

Table 4.28 Exco Resources Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.29 Exco Resources Shale Gas Acreage 2011 (Acres)

Table 4.30 SWOT Analysis of Exco Resources

Table 4.31 ExxonMobil Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.32 ExxonMobil North American Shale Gas Acreage 2011 (Acres)

Table 4.33 SWOT Analysis of ExxonMobil

Table 4.34 Marathon Oil Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.35 Marathon Oil Shale Gas Acreage 2011 (Acres)

Table 4.36 SWOT Analysis of Marathon Oil

Table 4.37 Range Resources Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.38 Range Resources Shale Gas Acreage 2011 (Acres)

Table 4.39 SWOT Analysis of Range Resources

Table 4.40 Reliance Industries Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.41 Reliance Industries Shale Gas Acreage 2011 (Acres)

Table 4.42 SWOT Analysis of Reliance Industries

Table 4.43 Royal Dutch Shell Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.44 Royal Dutch Shell North American Shale Gas Acreage 2012 (Acres)

Table 4.45 SWOT Analysis of Royal Dutch Shell

Table 4.46 Seneca Resources Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.47 Seneca Resources Shale Gas Acreage 2011 (Acres)

Table 4.48 SWOT Analysis of Seneca Resources

Table 4.49 SM Energy Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.50 SM Energy Shale Gas Acreage 2011 (Acres)

Table 4.51 SWOT Analysis of SM Energy

Table 4.52 Southwestern Energy Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.53 Southwestern Energy Shale Gas Acreage 2011 (Acres)

Table 4.54 SWOT Analysis of Southwestern Energy

Table 4.55 Statoil Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.56 Statoil Shale Gas Acreage 2011 (Acres)

Table 4.57 SWOT Analysis of Statoil

Table 4.58 Talisman Overview (Capex $m, % Budget on Shale Gas, Market Share 2011 %, Market Rank 2011, Market Share Forecast 2012 %)

Table 4.59 Talisman Shale Gas Acreage 2011 (Acres)

Table 4.60 SWOT Analysis of Talisman

Table 5.1 PEST Analysis of the Shale Gas Market

List of Figures

Figure 2.1 Technically Recoverable Global Shale Gas Resource Estimates by Region (tcf)

Figure 2.2 North American Shale Plays (As of May 2011)

Figure 2.3 North American Shale Gas Production Forecast by Play 2010-2040 (tcf)

Figure 2.4 Initial Production of Major US and Canadian Shale Plays (Mcf/d)

Figure 2.5 Average Break Even Cost of Various Major Shale Plays ($/MMBtu)

Figure 2.6 Percentage of US based Land Rigs Used for Gas or Oil, and Oil-to-Gas Price Ratio 2000-2011 (% Share)

Figure 2.7 Historical and Forecast Natural Gas Price 2011-2013 ($/MMBtu)

Figure 3.1 The Leading Twenty Shale Gas Companies in the Shale Gas Market 2011 (% Share)

Figure 3.2 The Leading 25 Shale Gas Companies in the Shale Gas Market Share Forecast 2012 (%)

Figure 3.3 Expected Percentage Change of Leading Company Spending on Shale Gas from 2011 to 2012 (%)

Figure 3.4 Percent of Leading Company Total Business Operations in Shale Gas 2011 (%)

Figure 3.5 Regional Distribution of Shale Gas Investment 2011 (%)

Figure 4.1 Anadarko Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.2 BHP Billiton Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.3 Chesapeake Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.4 Chevron Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.5 CONSOL Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.6 Devon Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.7 Encana Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.8 EOG Resources Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.9 EQT Corporation Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.10 Exco Resources Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.11 ExxonMobil Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.12 Marathon Oil Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.13 Range Resources Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.14 Reliance Industries Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.15 Royal Dutch Shell Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.16 Seneca Resources Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.17 SM Energy Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.18 Southwestern Energy Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.19 Statoil Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.20 Talisman Shale Gas Market Share 2011 & Market Share Forecast 2012 (%)

Figure 4.21 Apache Shale Gas Market Share Forecast 2012 (%)

Figure 4.22 Hess Shale Gas Market Share Forecast 2012 (%)

Figure 4.23 Noble Shale Gas Market Share Forecast 2012 (%)

Figure 4.24 Sinopec Shale Gas Market Share Forecast 2012 (%)

Figure 4.25 Total Shale Gas Market Share Forecast 2012 (%)

Figure 5.1 2011 Spot Natural Gas Prices in North America ($/MMBtu)

Companies Listed

Advanced Resources International (ARI)

Anadarko Petroleum Corporation

Apache Corporation

Atlas Energy

Baker Hughes

Beach Energy

BG Group

BHP Billiton

Cabot Oil & Gas Corporation

Carrizo Oil & Gas

Chesapeake Energy Corporation

Chesapeake Midstream Partners

Chevron Corporation

China National Offshore Oil Corporation Limited (CNOOC)

China National Petroleum Corporation (CNPC)

ConocoPhillips

CONSOL Energy Inc.

Cordillera Energy Partners

Devon Energy Corporation

Dominion Resources

East Resources

Encana Corporation

EnerVest

EOG Resources, Inc.

EQT Corporation

Exco Resources, Inc.

ExxonMobil Corporation

Hess Corporation

Hilcorp Resources

Korea Gas Corporation (Kogas)

Korea National Oil Company (KNOC)

Lewis Energy

Marathon Oil Corporation

Mitsubishi

Mitsui

Naftogaz

National Fuel Gas Company

Nexen

Noble Energy

PetroChina

Petrohawk

PGNiG

Pioneer Natural Resources

Plains Exploration & Production Company

Range Resources Corporation

Reliance Industries Limited (RIL)

Royal Dutch Shell (Shell)

San Leon Energy

Sasol

Seneca Resources

Sinopec Group

SM Energy

Southwestern Energy Company

Statoil

Talisman Energy Inc.

TGGT Holdings LLC

Total SA

Ultra Petroleum

XTO Energy

Government Agencies and Other Organisations Mentioned in This Report

American Association of Petroleum Geologists (AAPG)

Australia Securities Exchange

Bombay Stock Exchange

Commonwealth of Independent States (CIS)

Energy Information Administration (EIA)

Johannesburg Stock Exchange

London Stock Exchange

National Stock Exchange of India

New York Stock Exchange

Oslo Stock Exchange

Toronto Stock Exchange

US Department of Energy (DOE)

To order this report:Oil and Gas energy Industry: The 20 Leading Companies in Shale Gas 2012: Competitive Landscape Analysis

More Market Research Report

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Nicolas Bombourg
Reportlinker
Email: nicolasbombourg@reportlinker.com
US: (805)652-2626
Intl: +1 805-652-2626

SOURCE Reportlinker

Mon, 21 May 2012 17:12:52 +0000

PR Newswire

NEW YORK, May 21, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Refining Industry Outlook in the US, 2012 - Capacity Analysis, Forecasts and Details of All Operating and Planned Refineries to 2016

http://www.reportlinker.com/p0382665/Refining-Industry-Outlook-in-the-US-2012---Capacity-Analysis-Forecasts-and-Details-of-All-Operating-and-Planned-Refineries-to-2016.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Oil_and_G

Refining Industry Outlook in the US, 2012 - Capacity Analysis, Forecasts and Details of All Operating and Planned Refineries to 2016

Summary

GlobalData's energy offering, "Refining Industry Outlook in the US, 2012 - Capacity Analysis, Forecasts and Details of All Operating and Planned Refineries to 2016" is the essential source for industry data and information relating to the refining industry in US. It provides asset level information relating to active and planned refineries in US. The details of major companies operating in the refining industry in US are included in the report. The latest news and deals relating to the sector are also provided and analyzed.

This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData's team of industry experts.

Scope

- Updated information relating to all active and planned refineries

- Provides historical data from 2005 to 2011, forecast to 2016

- Information on refining, FCC, hydrocracking and coking capacities by refinery and country

- Provides operator information for all active and planned refineries

- Identifies key trends and issues in the refining industry

- Information on the top companies in the sector including business description and strategic analysis. Key companies covered are Valero Energy Corporation, ConocoPhillips and ExxonMobil Corporation

- Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.

- Key mergers and acquisitions, partnerships, private equity investments and IPOs.

Reasons to buy

- Obtain the most up to date information available on all active and planned refineries in the US

- Identify growth segments and opportunities in the industry.

- Facilitate market analysis and forecasting of future industry trends

- Facilitate decision making on the basis of strong historic and forecast refinery and unit capacity data

- Assess your competitor's refining portfolio and its evolution

- Understand and respond to your competitors business structure, strategy and prospects.

- Develop strategies based on the latest operational, financial and regulatory events.

- Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.

- Identify and analyze the strengths and weaknesses of the leading companies in the US.

1 Table of Contents

1 Table of Contents 2

1.1 List of Tables 6

1.2 List of Figures 7

2 Introduction 8

2.1 What is This Report About? 8

2.2 How to Use This Report? 8

2.3 Market Definition 8

3 The US Refining Industry 9

3.1 The US Refining Industry, Overview 9

3.1.1 The US Refining Industry, Key Data 9

3.1.2 The US Refining Industry, Total Refining Capacity 9

3.2 The US Refining Industry: Trends and Issues 12

3.2.1 The US Refining Industry: Major Trends and Drivers 12

3.2.2 The US Refining Industry: Key Issues 13

3.3 Refining Industry in The United States, Gulf Coast 14

3.3.1 Refining Industry in The United States Gulf Coast, Crude Distillation Unit Capacity, 2005-2016 14

3.3.2 Refining Industry in The United States Gulf Coast, Coking Capacity, 2005-2016 18

3.3.3 Refining Industry in The United States Gulf Coast, Fluid Catalytic Cracking Capacity, 2005-2016 19

3.3.4 Refining Industry in The United States Gulf Coast, Hydrocracking Capacity, 2005-2016 21

3.4 Refining Industry in The United States, Midwest 22

3.4.1 Refining Industry in The United States Midwest, Crude Distillation Unit Capacity, 2005-2016 22

3.4.2 Refining Industry in The United States Midwest, Coking Capacity, 2005-2016 25

3.4.3 Refining Industry in The United States Midwest, Fluid Catalytic Cracking Capacity, 2005-2016 26

3.4.4 Refining Industry in The United States Midwest, Hydrocracking Capacity, 2005-2016 27

3.5 Refining Industry in The United States, West Coast 28

3.5.1 Refining Industry in The United States West Coast, Crude Distillation Unit Capacity, 2005-2016 28

3.5.2 Refining Industry in The United States West Coast, Coking Capacity, 2005-2016 31

3.5.3 Refining Industry in The United States West Coast, Fluid Catalytic Cracking Capacity, 2005-2016 32

3.5.4 Refining Industry in The United States West Coast, Hydrocracking Capacity, 2005-2016 33

3.6 Refining Industry in The United States, East Coast 33

3.6.1 Refining Industry in The United States East Coast, Crude Distillation Unit Capacity, 2005-2016 34

3.6.2 Refining Industry in The United States East Coast, Coking Capacity, 2005-2016 35

3.6.3 Refining Industry in The United States East Coast, Fluid Catalytic Cracking Capacity, 2005-2016 35

3.6.4 Refining Industry in The United States East Coast, Hydrocracking Capacity, 2005-2016 36

3.7 Refining Industry in The United States, Rocky Mountain 36

3.7.1 Refining Industry in The United States Rocky Mountain, Crude Distillation Unit Capacity, 2005-2016 37

3.7.2 Refining Industry in The United States Rocky Mountain, Coking Capacity, 2005-2016 38

3.7.3 Refining Industry in The United States Rocky Mountain, Fluid Catalytic Cracking Capacity, 2005-2016 39

3.7.4 Refining Industry in The United States Rocky Mountain, Hydrocracking Capacity, 2005-2016 40

4 Profile of Valero Energy Corporation 41

4.1 Valero Energy Corporation, Key Information 41

4.2 Valero Energy Corporation, Company Overview 41

4.3 Valero Energy Corporation, Business Description 41

4.3.1 Business Overview 41

4.3.2 Ethanol 42

4.3.3 Refining 42

4.3.4 Retail 43

4.4 Valero Energy Corporation, SWOT Analysis 44

4.4.1 Overview 44

4.4.2 Valero Energy Corporation Strengths 45

4.4.3 Valero Energy Corporation Weaknesses 45

4.4.4 Valero Energy Corporation Opportunities 46

4.4.5 Valero Energy Corporation Threats 47

5 Profile of ConocoPhillips 49

5.1 ConocoPhillips, Key Information 49

5.2 ConocoPhillips, Company Overview 49

5.3 ConocoPhillips, Business Description 49

5.3.1 Business Overview 49

5.3.2 Chemicals 50

5.3.3 Emerging Businesses 50

5.3.4 Exploration and Production 51

5.3.5 LUKOIL Investment 52

5.3.6 Midstream 53

5.3.7 Refining and Marketing 54

5.4 ConocoPhillips, SWOT Analysis 55

5.4.1 Overview 55

5.4.2 ConocoPhillips Strengths 55

5.4.3 ConocoPhillips Weaknesses 56

5.4.4 ConocoPhillips Opportunities 57

5.4.5 ConocoPhillips Threats 58

6 Profile of Exxon Mobil Corporation 60

6.1 Exxon Mobil Corporation, Key Information 60

6.2 Exxon Mobil Corporation, Company Overview 60

6.3 Exxon Mobil Corporation, Business Description 60

6.3.1 Business Overview 60

6.3.2 Chemical 61

6.3.3 Downstream 62

6.3.4 Upstream 63

6.4 Exxon Mobil Corporation, SWOT Analysis 64

6.4.1 Overview 64

6.4.2 Exxon Mobil Corporation Strengths 64

6.4.3 Exxon Mobil Corporation Weaknesses 66

6.4.4 Exxon Mobil Corporation Opportunities 66

6.4.5 Exxon Mobil Corporation Threats 68

7 Financial Deals Landscape 70

7.1 Detailed Deal Summary 70

7.1.1 Acquisition 70

7.1.2 Private Equity 73

7.1.3 Venture Financing 73

7.1.4 Equity Offerings 74

7.1.5 Debt Offerings 81

7.1.6 Asset Transactions 84

8 Recent Developments 90

8.1 Strategy and Business Expansion 90

8.1.1 Jan 04, 2012: HollyFrontier Announces Salt Lake City Refinery Expansion 90

8.1.2 Dec 21, 2011: PBF Announces Major Project At Delaware City Refinery 90

8.1.3 Dec 05, 2011: Tesoro Corporation Announces Salt Lake City Expansion And Feedstock Advantage Project 91

8.1.4 Dec 02, 2011: ConocoPhillips Reports On Strategic Progress 91

8.1.5 Nov 10, 2011: ConocoPhillips Announces Name And Headquarters Of Downstream Company 93

8.2 Other Significant Developments 94

8.2.1 Feb 02, 2012: Sunoco Logistics Announces Management Changes 94

8.2.2 Jan 19, 2012: Marathon Petroleum Pays $700,000 Fine To MPCA 95

8.2.3 Jan 12, 2012: Hess Announces $6.8 Billion For 2012 Capital And Exploratory Budget 96

8.2.4 Jan 11, 2012: ConocoPhillips Announces Executive Appointments 97

8.2.5 Jan 05, 2012: Blue Dolphin Energy Provides Update On Nixon Refinery 97

8.2.6 Jan 04, 2012: Western Refining Appoints Sigmund Cornelius To Its Board 98

8.2.7 Jan 04, 2012: Marathon Petroleum To Shut Units At Texas City Refinery For Maintenance 98

8.2.8 Dec 21, 2011: ConocoPhillips Announces Management Changes 98

8.2.9 Dec 21, 2011: Tesoro Appoints David Lilley To Its Board 99

8.2.10 Dec 21, 2011: Exxon Mobil Announces Anticipate Consolidation Of ExxonMobil Fuels, Lubricants & Specialties Marketing Company 99

8.2.11 Dec 15, 2011: Pelican Refining To Pay $12m For Clean Air Act And Obstruction Crimes In Louisiana 99

8.2.12 Dec 07, 2011: CVR Energy Appoints Frank Pici As CFO 101

8.2.13 Dec 07, 2011: Chevron Announces $32.7 Billion Capital And Exploratory Budget For 2012 101

8.3 New Contracts Announcements 103

8.3.1 Jan 04, 2012: PMFG Secures Three New Project Awards Totaling $11m 103

8.3.2 Jan 04, 2012: Newfield Exploration And HollyFrontier Sign Crude Oil Supply Agreement 104

9 Appendix 105

9.1 Abbreviations 105

9.2 Methodology 105

9.2.1 Coverage 105

9.2.2 Secondary Research 106

9.2.3 Primary Research 106

9.3 Contact Us 107

9.4 Disclaimer 107

List of Tables

Table 1: United States, Refinery Key Statistics, 2011 9

Table 2: United States, Refining Capacity by PADD Regions (MMTPA), 2005-2016 9

Table 3: United States, Refining Capacity by Company (MMTPA), 2005-2016 10

Table 4: United States, Crude Distillation Unit Capacity in Gulf Coast (MMTPA), 2005-2016 14

Table 5: United States, Crude Distillation Unit Capacity in Gulf Coast (MMTPA), 2005-2016 (Contd.1) 15

Table 6: United States, Crude Distillation Unit Capacity in Gulf Coast (MMTPA), 2005-2016 (Contd.2) 16

Table 7: United States, Crude Distillation Unit Capacity in Gulf Coast (MMTPA), 2005-2016 (Contd.3) 17

Table 8: United States, Coking Unit Capacity in Gulf Coast (MMTPA), 2005-2016 18

Table 9: United States, Fluid Catalytic Cracking Unit Capacity in Gulf Coast (MMTPA), 2005-2016 19

Table 10: United States, Fluid Catalytic Cracking Unit Capacity in Gulf Coast (MMTPA), 2005-2016 (Contd.1) 20

Table 11: United States, Hydrocracking Unit Capacity in Gulf Coast (MMTPA), 2005-2016 21

Table 12: United States, Crude Distillation Unit Capacity in Midwest (MMTPA), 2005-2016 22

Table 13: United States, Crude Distillation Unit Capacity in Midwest (MMTPA), 2005-2016 (Contd.1) 23

Table 14: United States, Crude Distillation Unit Capacity in Midwest (MMTPA), 2005-2016 (Contd.2) 24

Table 15: United States, Coking Unit Capacity in Midwest (MMTPA), 2005-2016 25

Table 16: United States, Fluid Catalytic Cracking Unit Capacity in Midwest (MMTPA), 2005-2016 26

Table 17: United States, Fluid Catalytic Cracking Unit Capacity in Midwest (MMTPA), 2005-2016 (Contd.1) 27

Table 18: United States, Hydrocracking Unit Capacity in Midwest (MMTPA), 2005-2016 27

Table 19: United States, Crude Distillation Unit Capacity in West Coast (MMTPA), 2005-2016 28

Table 20: United States, Crude Distillation Unit Capacity in West Coast (MMTPA), 2005-2016 (Contd.1) 29

Table 21: United States, Crude Distillation Unit Capacity in West Coast (MMTPA), 2005-2016 (Contd.2) 30

Table 22: United States, Coking Unit Capacity in West Coast (MMTPA), 2005-2016 31

Table 23: United States, Fluid Catalytic Cracking Unit Capacity in West Coast (MMTPA), 2005-2016 32

Table 24: United States, Hydrocracking Unit Capacity in West Coast (MMTPA), 2005-2016 33

Table 25: United States, Crude Distillation Unit Capacity in East Coast (MMTPA), 2005-2016 34

Table 26: United States, Coking Unit Capacity in East Coast (MMTPA), 2005-2016 35

Table 27: United States, Fluid Catalytic Cracking Unit Capacity in East Coast (MMTPA), 2005-2016 35

Table 28: United States, Hydrocracking Unit Capacity in East Coast (MMTPA), 2005-2016 36

Table 29: United States, Crude Distillation Unit Capacity in Rocky Mountain (MMTPA), 2005-2016 37

Table 30: United States, Coking Unit Capacity in Rocky Mountain (MMTPA), 2005-2016 38

Table 31: United States, Fluid Catalytic Cracking Unit Capacity in Rocky Mountain (MMTPA), 2005-2016 39

Table 32: United States, Hydrocracking Unit Capacity in Rocky Mountain (MMTPA), 2005-2016 40

Table 33: Valero Energy Corporation, Key Facts 41

Table 34: Valero Energy Corporation, SWOT Analysis 44

Table 35: ConocoPhillips, Key Facts 49

Table 36: ConocoPhillips, SWOT Analysis 55

Table 37: Exxon Mobil Corporation, Key Facts 60

Table 38: Exxon Mobil Corporation, SWOT Analysis 64

Table 39: Icahn Associates And Icahn Capital Acquire 14.5% Stake In CVR Energy For $145 Million 70

Table 40: Tesoro Plans To Sell Tesoro Hawaii 70

Table 41: CVR Energy Completes Acquisition Of Gary-Williams Energy For $625 Million 71

Table 42: AGS Capital Group To Invest $100 Million In PGI Energy 73

Table 43: Resource Petroleum & Petrochemicals International Secures $50.8 Million In Venture Financing 73

Table 44: Marathon Petroleum Completes Private Placement Of Common Shares For $636 Million 74

Table 45: Northern Tier Energy Files Registration Statement For IPO Of Shares For Up To $200 Million 75

Table 46: NuStar Energy Completes Public Offering Of Common Units For $322.7 Million 75

Table 47: Holly Energy Partners Completes Public Offering Of Common Units For $78.9 Million 77

Table 48: PBF Energy Files Registration Statement For IPO Of Shares For Up To $100 Million 78

Table 49: Calumet Specialty Products Partners Prices Public Offering Of Common Units For $198 Million 79

Table 50: Genesis Energy Announces And Prices Private Placement Of 7.875% Notes Due 2018 For $100 Million 81

Table 51: CVR Energy Completes Private Placement Of 9% First Lien Senior Secured Notes For $200 Million 82

Table 52: Calumet Specialty Products Partners Completes Private Placement Of 9.375% Senior Unsecured Notes Due 2019 For $200 Million 83

Table 53: Continental Refining Acquires Somerset Oil Refinery In Kentucky 84

Table 54: ConocoPhillips To Sell Alliance Refinery In Louisiana 84

Table 55: Plains All American Pipeline Completes Acquistion Of Refining And Pipeline Assets In Southeast Mexico & Virginia 85

Table 56: CHS To Acquire Remaining 25.6% Stake In NCRA's Refinery In McPherson, Kansas From Growmark And MFA Oil For $350 Million 86

Table 57: Holly Energy Partners Acquires Certain Pipeline And Tankage Assets From HollyFrontier For $340 Million 88

Table 58: ConocoPhillips Plans To Sell Trainer Refinery In Pennsylvania 89

List of Figures

Figure 1: United States, Refining Capacity Share Vis-à-vis Growth by the US PADD Regions (%), 2006- 2011 10

Figure 2: United States, Company-Wise Share Vis-à-vis Growth in Refining Capacity(%), 2006-2011 11

Companies mentioned

Valero Energy Corporation

ConocoPhillips

Exxon Mobil Corporation

To order this report:

Oil and Gas energy Industry: Refining Industry Outlook in the US, 2012 - Capacity Analysis, Forecasts and Details of All Operating and Planned Refineries to 2016

More Market Research Report

Check our Industry Analysis and Insights

__________________________

Contact Nicolas: nbo@reportlinker.com
US: (805)-652-2626
Intl: +1 805-652-2626

SOURCE Reportlinker

Fri, 18 May 2012 16:00:00 +0000

PR Newswire

DALLAS, May 18, 2012 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $.137527 per unit, payable on June 14, 2012, to unit holders of record on May 31, 2012. Permian's cash distribution history, current and prior year financial reports and tax information booklets, a link to filings made with the Securities and Exchange Commission and more can be found on its website at http://www.pbt-permianbasintrust.com/.

This month's distribution increased from the previous month as the result of an increase in production and pricing for both oil and gas. This would primarily reflect production for the month of March for oil and the month of February for gas. The worldwide market conditions continue to affect the pricing for domestic production. It is difficult to predict what effect these conditions will have on future distributions.

As previously reported, ConocoPhillips, as the parent company of Burlington Resources Oil & Gas Company LP, the operator of the Waddell Ranch Properties, notified Permian's Trustee that as a result of inaccuracies in ConocoPhillips' accounting and record keeping relating to Permian's interest in proceeds from the gas plant production since January 2007, ConocoPhillips overpaid Permian approximately $5.9 million. The Trustee continues to evaluate the claim for overpayment.

Production for Waddell Ranch and the Texas Royalty Properties combined for oil and gas respectively was 56,560 bbls and 210,547 Mcf. The average price for oil was $100.70 per bbl and for gas was $5.99 per Mcf. Capital expenditures were approximately $832,087. The numbers provided reflect what was net to the Trust.

	Net to Trust Sales
	Volumes		Average Price
	Oil (bbls)	Gas (Mcf)	Oil (per bbl)	Gas (per Mcf)

Current Month	56,560	210,547	$100.70	$5.99**

Prior Month	50,817	159,724	$98.51	$5.90**

**This pricing includes sales of gas liquid products.

SOURCE Permian Basin Royalty Trust

Wed, 16 May 2012 15:32:09 +0000

PR Newswire

NEW YORK, May 16, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Global Lubricating Oils and Greases Industry

http://www.reportlinker.com/p0459179/Global-Lubricating-Oils-and--Greases-Industry.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Oil_and_G

This report analyzes the worldwide markets for Lubricating Oils and Greases in Millions Gallons by the following Product Segments: Automotive Lubricants (Engine Oils & Transmission & Hydraulic Fluids), Industrial Lubricants (General Industrial Oils, Industrial Engine Oils, Marine Lubricants, Metal Working Oils, & Process Oils), and Greases. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Annual estimates and forecasts are provided for the period 2009 through 2017. Also, a seven-year historic analysis is provided for these markets. The report profiles 371 companies including many key and niche players such as BP PLC, BP Lubricants USA, Inc., Castrol BP Petco Ltd., Chevron Corporation., ConocoPhillips Lubricants, ExxonMobil Corporation., Esso S.A.F., Fuchs Petrolub AG, Idemitsu Kosan Co., Ltd., Indian Oil Corporation Ltd., LUKOIL Oil Company, JX Nippon Oil & Energy Corporation, Petroleos de Venezuela S.A., PT PERTAMINA, PT Wiraswasta Gemilang, Repsol YPF SA, Shell Plc, Shell, Sinopec Corporation, Total S.A, and Valvoline. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain.

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1

Disclaimers I-2

Data Interpretation & Reporting Level I-3

Quantitative Techniques & Analytics I-3

Product Definitions and Scope of Study I-3

Product Segments I-3

Automotive Lubricants I-4

Engine Oil I-4

Transmission & Hydraulic Fluids I-4

Industrial Lubricants I-4

General Industrial Oil I-4

Industrial Engine Oils I-5

Marine Lubricants I-5

Metal Working Oils I-5

Process Oils I-5

Greases I-5

II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW II-1

Lubricating Oils and Greases Industry - A Brief Summary II-1

The Industry - In Hands of Regulatory Bodies II-2

Industrial Vs Automotive Lubricants II-2

Global Market Scenario II-2

2007-2009 Recession Wields Its Iron Fist on the Lubricating

Oils and Greases Market II-2

Recovery in Year 2010 & beyond II-4

Will Growth in Europe Be Held Hostage by the Debt Crisis? II-5

New Economy to Witness the Emergence of a Changed Industry

Landscape II-5

Key Trends & Issues II-6

Consumption to Witness Volumetric Decline in the Medium to

Long Term II-6

Asia-Pacific & Latin America: Potential Laden Markets II-7

Synthetic Lubricants Rides High On the Growing Demand for

Durable Lubricants II-8

Synthetic Oils: Growth Hinges Upon Consumer Education II-8

Table 1: World Market for Synthetic Lubricants: Breakdown

of Volume Sales (In Million Gallons) by Geographic Markets

for Years 2009 through 2017 (includes corresponding

Graph/Chart) II-9

Biodegradable Lubricants - A New Technology Trend II-10

Advantages II-10

Limitations II-10

Self-Lubricating Systems - Threat to Conventional

Lubricating Oils and Greases II-10

Group II & Group III Base Oils to Grow at the Expense of

Group 1 Oils II-11

Table 2: World Lubricants Market (2005, 2010 & 2015):

Percentage Breakdown of Volume Demand for Base Oils by

Category - Group I, Group II/II+, Naphthenic, Group III/GTL,

and Non-Petroleum (includes corresponding Graph/Chart) II-11

Key Determinants of Base Oil Supply II-12

Lubricant Oil Additives - Redefining the Market II-12

Key Statistics II-13

Table 3: World Lubricants Market (2009): Per Capita

Consumption of Lubricants in Kilogram/Annum (includes

corresponding Graph/Chart) II-13

Table 4: World Grease Market (2008): Grease Production in

Million Pounds by Region/Country - North America, China,

Europe, Japan, India, and Others (includes corresponding

Graph/Chart) II-13

Table 5: World Grease Market (2008): Percentage Breakdown of

Volume Production by Type - Lithium Soap Grease, Calcium Soap

Grease, Aluminum Soap Grease, Polyurea, and Other Greases

(includes corresponding Graph/Chart) II-14

2. NOTEWORTHY MARKET TRENDS, GROWTH DRIVERS & ISSUES II-15

Innovation: The Need of the Hour to Meet New Consumer Needs II-15

Do-It-For-Me Scores Over Do-It-Yourself II-15

Unexpected Rise in Demand Creates Supply Shortage for Marine

Lubricants II-15

Online Sales - The New Frontier for Lubricants Industry II-16

Recycling - Making a Killing Over Virgin Oils II-16

Other Factors Affecting Consumption II-16

3. COMPETITIVE STRUCTURE II-17

Geographic Thrust II-17

Table 6: Global Lubricants Market (2010): Percentage Market

Share Breakdown of Leading Players (includes corresponding

Graph/Chart) II-17

Regional Players Ruling the Roost II-17

Competitive Analysis of Specific Geographic Regions II-18

Entry Barriers II-18

Competitive Factors II-18

Pricing II-19

Lube World - Where Reducing Prices Might Boomerang II-19

Consumer Behavior towards Pricing II-19

Too Many Brands in the Market Pressurize Distributors and

Retailers II-19

Brand Equity and Marketing Philosophy II-19

Distribution Network Plays a Pivotal Role II-20

Product Differentiation - Value of the Brand II-20

Service Differentiation II-20

Corporate Philosophy II-20

Specific Competitive Strategies for Greasing Success II-21

Myths & Realities of Lube Industry II-21

Size does Matter II-21

Myth II-21

Reality II-21

Competitive Pressures II-21

Myth II-21

Reality II-22

Unsustainable Market Share II-22

Myth II-22

Reality II-22

A Historic Review II-22

Industry Composition in the 1990s II-22

Automotive II-23

Industrial II-23

Marine Lubricants II-24

Table 7: Top of the Mind Share for Castrol Brand Worldwide-

Mid 90s (includes corresponding Graph/Chart) II-24

4. PRODUCT OVERVIEW II-25

Composition of Lubricants II-25

Base Stock II-25

Additives II-26

A Peek into the Classification of Additives Based on

Functionality II-26

Functions of Lubricant Oils II-27

Important Terminology Used in Lubricating Oils and Greases

Industry II-28

Classification of Lubricating Oils and Greases II-28

Automotive Lubricants II-28

Specifications, Testing, and Legislative Directions for

Lubricants II-29

Classification of Automotive Oils II-29

Engine Oil II-29

Transmission & Hydraulic Fluids II-30

Industrial Lubricants II-30

Advantages Offered by Lubricants in Industrial Applications II-31

Types of Industrial Fluids (Based on their Physico- Chemical

Composition) II-31

Micro-dispersions II-31

Fluid Lubricants II-31

Solid Lubricants II-31

EP Lubricants II-31

Composition of Industrial Lubricants II-31

Classification of Industrial Lubricants II-32

General Industrial Oil II-32

Hydraulic Oil II-32

Fire Resistant Fluids II-33

Industrial Gear Oil II-33

Others II-34

Industrial Engine Oils II-34

Marine Lubricants II-34

Metalworking Fluids II-34

Classes of Metalworking Fluids (Based on their Composition) II-34

Straight Oil II-34

Soluble Oils II-34

Semi-Synthetic Fluids II-34

Synthetic Fluids II-34

Process Oils II-35

Electrical Oils II-35

Functions of Electrical Oils II-35

The Regulatory Authorities Involved II-35

White Oils II-35

Ink Oils II-35

Synthetic Oils II-36

Medical Devices - A Highly Specialized Application for

Synthetic Lubricants II-36

Advantages of Synthetic Lubricants II-36

Synthetic Lubricant Industry II-37

Tier - I II-37

Tier - II II-37

Tier - III II-37

Greases II-38

Composition of Greases II-38

5. END-USE ANALYSIS II-39

Retail and Commercial Market II-39

Retail II-39

Commercial II-39

Industrial Market II-39

Factory Fill - An Important Distribution Channel II-40

Storage of Lubricants in Industrial Environment - A Crucial

Factor II-40

Marine and Railroad II-40

Consumption Patterns in Lubricants Industry II-40

Lubricants Industry Vs Economy - Missing Positive Correlation II-41

Drift in Industrial Activity Towards Non-Manufacturing Sectors II-41

Technology Impacting the Industry II-41

Lower Crankcase Capacities II-41

Tighter Engine Designs - Tightening the Grip Over Lubes Usage II-41

Drain Intervals - Draining the Prospects for Lubes II-42

6. TECHNOLOGICAL TRENDS II-43

New Technologies: Making Significant In-Roads II-43

Chevron's Gusher Technology Sets the Tone for Lubricant Markets II-43

Chevron's Isomerization Process for Motor Oils II-43

Substitutes II-43

Niod-2: Anti-Friction Powder II-43

Lubricating Oil from Rice Bran Oil II-43

DuPont's Soybean Based Hydraulic Fluids II-44

Recycling Lubes: Undoing the Done II-44

Oil Refresher Model 1 System - A Novel Way to Recycle Waste Oil II-45

CANPED - An Advanced Recycling Technology for Waste

Lubricating Oils II-45

Firebird's Recycling Process for Waste Oils II-45

Greenways Recycling System II-45

7. PRODUCT INNOVATIONS/INTRODUCTIONS II-46

ExxonMobil Introduces Mobilgear SHC XMP Series II-46

Bharat Petroleum Introduces New Technology in Collaboration

with Indian Institute of Science II-46

ITW Chemtronics Introduces CircuitWorks® Silicone Free Heat

Sink Grease and CircuitWorks® Boron Nitride Heat Sink Grease II-46

Chevron Unveils Clarity Lubricants II-47

BASF to Introduce Plurasafe® H2O-KTM and Plurasafe® InsureTM II-47

Boca Bearings Launches New Range of Coatings and Lubricants II-47

Lubrication Engineers Unveils Wirelife Low Tox Penetrating

Lubricant II-48

Lubriserv Introduces Ultra-High Performance Product Range II-48

Lubrication Engineers Launches WirelifeTM Almasol® Syn Coating

Lubricant II-49

Afton Chemical to Introduce New Passenger Car Motor Oil II-50

Toyota Indonesia Launches Toyota Motor Oil II-50

ExxonMobil Industries Lubricants Introduces SHC XMP Series II-50

Greubb Introduces Ziedex 4040 II-51

Savita Chemicals Unveils SAVSOL Ultra 4T 125CC Plus II-51

Total Nigeria Introduces Total Quartz 4*4 II-51

Gulf Oil Unveils Gulf Cargo Power 15W-40 II-51

Emirates National Oil Company Rolls Out Vulcan Green and

Protec Green II-52

Lubrizol Unveils HyperZDPTM System II-52

Shell Lubricants Unveils New Range of Lubricants II-52

Eterna Oil &Gas Introduces 2T Lubricating Oil II-52

Shell Lubricants Launches Modified Shell Rotella Energized

Protection Range II-52

Chevron Products Introduces Delo® 710 LE SAE 20W-40 II-53

Gulf Oil Corporation Unveils New Engine Oils II-53

Indian Institute of Chemical Technology to Unveil Synthetic

Aviation Lubricant Oil II-53

Dennison Lubricants Expands Product Portfolio with EcoPower

Motor Oil of Safety-Kleen II-54

Parman Lubricants and Safety-Kleen Enters into Dealer Agreement II-54

Amsoil's Amsoil Synthetic Low-Viscosity Automatic Transmission

Fluid II-54

Afton Chemical Unveils New Cold Flow Improvers II-55

Cybertech Enterprise's RED LINE Lubricants Range II-55

BASF Construction Chemicals Unveils Meyco BSG Excluder Grease II-55

Ronn Motor Launches Ronnzoil Hydraulic Fluids II-56

Willall Racing Unveils Willal Racing Transmission Fluid

Victory Specification II-56

ExxonMobil Introduces Mobil Vactra Oil Series II-56

McLube Unveils McLube MoS2-505 II-57

Contralube Launches Contralube770 II-57

CAM2 International Introduces Blue Blood Racing Motor Oils and

Gear Oil II-58

Kluber Lubrication Launches Kluberspeed Range of Greases II-58

SKF Group Unveils SKF High Load Wide Temperature Bearing

Grease LGWM 2 II-59

Suzuki Introduces Marine 4-Stroke Outboard Engine Oils II-59

ExxonMobil Malaysia, ExxonMobil Borneo and Esso Malaysia

Launch New Mobil Super Lubricants II-59

Lubrication Engineers Unveils MONOLEC® Landfill and Natural

Gas Ranges of Engine Oils II-60

AOG Aviation Spares Launches AquaShield Marine Grease II-60

Raj Petro Specialities Introduces ONWO Lubricant II-61

Castrol Offshore Introduces BioTac OG II-61

Shell Lubricants Unveils Shell Lubematch, Shell Lubecoach,

Shell Lubeanalyst, and Shell Lubeadvisor II-61

Shell Lubricants Introduces Shell Tellus EE II-62

ExxonMobil Egypt Introduces Connitex E and Knitting Oil T22 II-62

Kluber Lubrication Rolls Out Allplex FMG-Z US II-62

ExxonMobil Introduces Mobil DTE 10 Excel Series II-63

Chevron Products Company Rolls Out Delo 400 LE Synthetic SAE

5W-40 II-63

Gulf Oil Launches Gulf Pride 4T Plus 10W-30 II-63

Amsoil Launches SAE 250 and SAE 190 Severe Gear Synthetic Gear

Lubes II-63

Shell Lubricants Launches Shell Spirax ASX R II-64

ExxonMobil Aviation Lubricants Rolls Out Hyjet V II-64

IndianOil Unveils SERVO World Class Lubricants II-65

Total Introduces New 'Heewaal' Lubricant II-65

Aegean Introduces New Lubricant Line II-65

AMC Introduces Biodegradable Hammer Oil II-65

Petronas Forays into Japanese Lubricants Market II-65

Conoil Launches New Lubricant, Quatro Gazol II-66

Shell Malaysia Launches Helix Lubricants II-66

Federal-Mogul Corporation Introduces a New Line of Additives

and Lubricants II-66

Anderol Launches FG Excel™ II-67

ExxonMobil Aviation Lubricants Introduces Mobilgrease 33 II-67

Indian Oil Ties Up with HMT to Introduce Co-Branded Lubricant II-68

Shell Introduces New Diesel Engine Oil II-68

Castrol India Unveils Magnatec II-68

ExxonMobil Introduces Pegasus 1005 II-68

Mobil Pegasus 1005 provide following benefits: II-68

ExxonMobil Launches Mobil 1 High Mileage II-69

Anderol Launches ROYCO 800 Series Lubricants II-69

Shell Introduces New Synthetic Grease, Shell Stamina HDS II-69

Kluber Lubrication Introduces Kluberfood NH1 87-703 Hygienic

Grease II-69

Old World Launches New Line of PEAK Lubricants II-70

ITW ROCOL Introduces Accu-Lube LB-2000FM II-70

Nanochem to Introduce NANOIL™ II-70

Shell Lubricants Introduces Shell Cassida Fluid GLE II-70

Petro-Canada Launches Purity FG with Microl II-71

Castrol to Launch New CJ-4 Lubricants II-71

8. RECENT INDUSTRY ACTIVITY II-72

Illinois Tools Takes Over SOPUS's Car Care Business II-72

ENOC Lubricants Signs Agreement with Galana Oil II-72

Dytech Dynamic Fluid Technologies to Establish Oils and

Lubricants Plant II-72

Hyundai Engineering Enters into Deal with Takreer II-72

Petro Diamond Japan and MC. Energy to Merge II-73

FUCHS PETROLUB Takes Over Food Grade Lubricants Business of

Shell International Petroleum II-73

Industrial Distribution Group Acquires Alamo Iron Works II-73

Kaman Industrial Technologies to Take Over Assets of Fawick de

Mexico II-73

ExxonMobil Signs Agreement with Caterpillar II-74

Solutia Receives Approval for Skydrol PE-5 Hydraulic Fluid

from Boeing II-74

Cosmo Oil Signs Memorandum of Agreement with Hyundai Oilbank II-74

PetroChina International Signs Agreement with Keppel Oil and

Gas Services II-74

Total Lubricants Canada Inks Agreement Canusa Automotive

Warehousing II-75

Aegean Marine Petroleum Network Partners with Gulf Oil Marine II-75

LANXESS Commences Operations at New Facility II-75

EPPCO Lubricants and Al Ghandi Auto Sign Agreement II-76

Shell India Enters into Partnership with Reliance Industries II-76

American Commercial Lines O'Rourke Marine Services Ink Agreement II-76

Finnish Neste Oil and Bahrain Forms Joint Venture Company II-76

Torco Advanced Lubricants Partners with JC Motors II-76

Holly Refining & Marketing - Mid-Con Signs Agreement with Sunoco II-77

JSC Gazprom Neft Acquires Chevron Global Energy's Oils and

Lubricants Facility II-77

Oxea Signs Agreement with ExxonMobil II-77

Prista Oil Group Purchases Majority Interest in Bogdany Petrol II-78

Lukoil Vagit Alekperov and OJSC Novolipetsk Metallurgical

Combine Ink Agreement II-78

Castrol India Enters into Partnership with Volkswagen Group

Sales India II-78

International Fuel Technology Signs Agreement with Tide Water Oil II-78

United Fuel & Energy Divests Propane Distribution Operations II-78

Total Renews Agreements with Renault II-79

Raj Petro Specialities to Expand High Speciality Lubricants

Business II-79

Saudi Aramco Lubricating Oil Refining and Jadwa Industrial

Investment to Expand Yanbu Lube Oil Refinery II-79

Shell Lubricants to Establish Blending Centers II-80

Valvoline International Selects Prista Oil Group II-80

Sealub Alliance Selects Prista Oil Group as Member II-80

Calumet Speciality Products Partners Signs Multiyear

Agreements with Houston Refining II-80

Shenhua Ningxia Coal Group and Sale Branch of Petro China

Enter into Partnership II-81

Rhein Chemie LOA (Qingdao) Establishes New Facility II-81

Balmer Lawrie Enters into Joint Venture with Pt Imani Wicaksana II-81

Sinopec Signs Cooperation Agreement with Hin Leong Trading (Pte.) II-81

Shell to Establish Lubricants Plant II-81

Heritage-Crystal Clean to Foray into Used Oil Re-refining

Business II-81

Hino Trucks Signs New Cooperative Agreement with BP Lubricants

USA II-82

Afton Chemical to Establish New Manufacturing Plant II-82

Unioil Petroleum Philippines to Expand Lubricants Business II-82

Sinopec Corp. Establishes Auto Research and Development Centre II-82

BASF Enters into Partnership with Fabbrica Adesivi Resine II-82

Sinopec Inks Strategic cooperation Agreement with Sinotruck II-83

Safety-Kleen Inks Agreement with Superior Lubricants II-83

Sukimi Lube (M) Sdn Bhd to Expand Lubricant Oil Business II-83

Shell Royal/Dutch Group and Its Chinese Partner to Invest in

Joint Venture Plants II-83

LANXESS Commissions New Lubricant Oil Additives Plant II-83

Zarubezhneft Expands Petroleum Products Business II-84

Ciba Establishes Technical Services Center II-84

Nippon Oil to Establish Wholly Owned Subsidiary and Liaison

Office II-84

Inner Mongolia Jinjiao Special Materials to Commence

Operations of Biodiesel Facility II-84

Graham Packaging to Shutdown Manufacturing Plant II-84

Total Lubricants Canada Takes Over Lubricant Business of Ultramar II-85

Shell Establishes Lubricants Blending Complex in China II-85

Millers Oils Takes Over Falcon Lubricants II-85

PTT Retail Business Takes Over Stake in Thai Lube Blending II-86

Maxum Petroleum Acquires Mid-State Industrial Lubricants II-86

Houghton International to Take Over with DA Stuart II-86

Castrol and Qatar Fuel Sign Agreement II-86

High Velocity Alternative Energy Acquires American Chemical

Exchange II-87

Total Lubricants North America Takes Over Lubricants USA II-87

Ashland Acquires Hercules II-87

SKF Snaps Up Cirval II-87

Galp Energia Acquires Three Subsidiaries of ExxonMobil II-88

Navis Capital Partners Purchases Majority Interest in Sah

Petroleums II-88

Nippon Oil Acquires Majority Stake in ItalSing Petroleum II-88

FUCHS PETROLUB Takes Over MS Fluid Technologies' Industrial

Lubricants Operations II-88

Houghton International Snaps Up D.A. Stuart II-89

Kobil Zambia Acquires Minority Stake in Lublend II-89

Kroon-Oil Purchases Putoline Oil II-89

Bridgestone Holdings to Take Over Shell Autoserv Thailand II-89

Bridgestone Tyre Sales Signs Agreement with Shell Group II-90

S-Oil Signs Agreement with Total II-90

Neochimiki LV Lavrentiadis to Purchase Stake in Belgrade Oil

Refinery II-90

Ineos and Puralube Nordic to Build Lubricant Oil Production

Facility II-90

Unipetrol to Acquire Minority Interest in Paramo Refinery II-91

Shell Marine Products Inks Agreement with Qatar Fuel II-91

UMW Signs Letter of Intent with Dah Chong Hong II-91

PetroChina Lubricant Oil Forms Joint Venture with Wuxi

Gorunjie Chemical II-91

Rubis Purchases Fuel Distribution Operations of Dutch Shell II-92

Elofic and Liqui Moly Sign Memorandum of Understanding II-92

Cummins and Valvoline Forms Joint Venture II-92

Apar Industries Inks Memorandum of Understanding with ENI II-92

Apar Industries Signs Agreement with Piaggio II-92

Calumet Takes Over operations of Penreco II-92

H & W Petroleum Signs Agreement with Chevron Products II-93

GreenHunter Energy to Buy L&L II-93

Latin Heat Entertainment Purchases ProOne II-93

Unioil Petroleum Philippines Inks Contract with Silver Tire

Traders II-93

Chevron Plans to Build Base Oil Manufacturing Plant II-93

Shell Petroleum Divests its Stake in Refinería Dominicana de

Petróleo toGovernment of the Dominican Republic II-94

BRS Gas Acquires Majority Stake in Duvernay Oil II-94

Cepsa and Total Merge Operations II-94

9. FOCUS ON SELECT GLOBAL PLAYERS II-95

BP Plc (UK) II-95

BP Lubricants US, Inc. (US) II-95

Castrol BP Petco Ltd. (Vietnam) II-95

Chevron Corporation (US) II-95

ConocoPhillips Lubricants (US) II-96

Exxon Mobil Corporation (US) II-96

Esso S.A.F. (France) II-96

Fuchs Petrolub AG (Germany) II-96

Idemitsu Kosan Co., Ltd. (Japan) II-97

Indian Oil Corporation Ltd. (India) II-97

LUKOIL Oil Company (Russia) II-97

JX Nippon Oil & Energy Corporation (Japan) II-97

Petróleos de Venezuela S.A. (Venezuela) II-98

PT PERTAMINA (PERSERO) (Indonesia) II-98

PT Wiraswasta Gemilang (Indonesia) II-98

Repsol YPF SA (Spain) II-98

Shell (The Netherlands) II-98

Sinopec Corporation (China) II-98

Total S.A. (France) II-99

Valvoline (US) II-99

10. GLOBAL MARKET PERSPECTIVE II-100

Table 8: World Recent Past, Current & Future Analysis for

Lubricating Oils and Greases by Geographic Region - USA,

Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle

East, and Latin American Markets Independently Analyzed with

Annual Sales Figures in Million Gallons for Years 2009 through

2017 (includes corresponding Graph/Chart) II-100

Table 9: World Historic Review for Lubricating Oils and

Greases by Geographic Region - USA, Canada, Japan, Europe,

Asia-Pacific (excluding Japan), Middle East, and Latin

American Markets Independently Analyzed with Annual Sales

Figures in Million Gallons for Years 2003 through 2008

(includes corresponding Graph/Chart) II-101

Table 10: World 15-Year Perspective for Lubricating Oils and

Greases by Geographic Region - Percentage Breakdown of Volume

Sales for USA, Canada, Japan, Europe, Asia-Pacific (excluding

Japan), Middle East, and Latin American Markets for Years

2003, 2011 & 2017 (includes corresponding Graph/Chart) II-102

Lubricating Oils and Greases Market by Product Group/Segment II-103

Table 11: World Recent Past, Current & Future Analysis for

Automotive Lubricants by Geographic Region - USA, Canada,

Japan, Europe, Asia-Pacific (excluding Japan), Middle East,

and Latin American Markets Independently Analyzed with Annual

Sales Figures in Million Gallons for Years 2009 through 2017

(includes corresponding Graph/Chart) II-103

Table 12: World Historic Review for Automotive Lubricants by

Geographic Region - USA, Canada, Japan, Europe, Asia-Pacific

(excluding Japan), Middle East, and Latin American Markets

Independently Analyzed with Annual Sales Figures in Million

Gallons for Years 2003 through 2008 (includes corresponding

Graph/Chart) II-104

Table 13: World Recent Past, Current & Future Analysis for

Automotive Lubricants by Product Segment - Engine Oils, and

Transmission & Hydraulic Fluids Markets Independently Analyzed

with Annual Sales Figures in Million Gallons for Years 2009

through 2017 (includes corresponding Graph/Chart) II-105

Table 14: World Historic Review for Automotive Lubricants by

Product Segment - Engine Oils, and Transmission & Hydraulic

Fluids Markets Independently Analyzed with Annual Sales

Figures in Million Gallons for Years 2003 through 2008

(includes corresponding Graph/Chart) II-106

Table 15: World 15-Year Perspective for Automotive Lubricants

by Geographic Region - Percentage Breakdown of Volume Sales

for USA, Canada, Japan, Europe, Asia-Pacific (excluding

Japan), Middle East, and Latin American Markets for Years

2003, 2011 & 2017 (includes corresponding Graph/Chart) II-107

Table 16: World 15-Year Perspective for Automotive Lubricants

by Product Segment - Percentage Breakdown of Volume Sales for

Engine Oils, and Transmission & Hydraulic Fluids Markets for

Years 2003, 2011 & 2017 II-108

Table 17: World Recent Past, Current & Future Analysis for

Engine Oils by Geographic Region - USA, Canada, Japan, Europe,

Asia-Pacific (excluding Japan), Middle East, and Latin

American Markets Independently Analyzed with Annual Sales

Figures in Million Gallons for Years 2009 through 2017

(includes corresponding Graph/Chart) II-109

Table 18: World Historic Review for Engine Oils by Geographic

Region - USA, Canada, Japan, Europe, Asia-Pacific (excluding

Japan), Middle East, and Latin American Markets Independently

Analyzed with Annual Sales Figures in Million Gallons for

Years 2003 through 2008 (includes corresponding Graph/Chart) II-110

Table 19: World 15-Year Perspective for Engine Oils by

Geographic Region - Percentage Breakdown of Volume Sales for

USA, Canada, Japan, Europe, Asia-Pacific (excluding Japan),

Middle East, and Latin American Markets for Years 2003, 2011 &

2017 (includes corresponding Graph/Chart) II-111

Table 20: World Recent Past, Current & Future Analysis for

Transmission & Hydraulic Fluids by Geographic Region - USA,

Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle

East, and Latin American Markets Independently Analyzed with

Annual Sales Figures in Million Gallons for Years 2009 through

2017 (includes corresponding Graph/Chart) II-112

Table 21: World Historic Review for Transmission & Hydraulic

Fluids by Geographic Region - USA, Canada, Japan, Europe,

Asia-Pacific (excluding Japan), Middle East, and Latin

American Markets Independently Analyzed with Annual Sales

Figures in Million Gallons for Years 2003 through 2008

(includes corresponding Graph/Chart) II-113

Table 22: World 15-Year Perspective for Transmission &

Hydraulic Fluids by Geographic Region - Percentage Breakdown

of Volume Sales for USA, Canada, Japan, Europe, Asia-Pacific

(excluding Japan), Middle East, and Latin American Markets for

Years 2003, 2011 & 2017 (includes corresponding Graph/Chart) II-114

Table 23: World Recent Past, Current & Future Analysis for

Industrial Lubricants by Geographic Region - USA, Canada,

Japan, Europe, Asia-Pacific (excluding Japan), Middle East,

and Latin American Markets Independently Analyzed with Annual

Sales Figures in Million Gallons for Years 2009 through 2017

(includes corresponding Graph/Chart) II-115

Table 24: World Historic Review for Industrial Lubricants by

Geographic Region - USA, Canada, Japan, Europe, Asia-Pacific

(excluding Japan), Middle East, and Latin American Markets

Independently Analyzed with Annual Sales Figures in Million

Gallons for Years 2003 through 2008 (includes corresponding

Graph/Chart) II-116

Table 25: World Recent Past, Current & Future Analysis for

Industrial Lubricants by Product Segment - General Industrial

Oils, Industrial Engine Oils, Marine Lubricants, Metal Working

Oils, and Process Oil Markets Independently Analyzed with

Annual Sales Figures in Million Gallons for Years 2009 through

2017 (includes corresponding Graph/Chart) II-117

Table 26: World Historic Review for Industrial Lubricants by

Product Segment - General Industrial Oils, Industrial Engine

Oils, Marine Lubricants, Metal Working Oils, and Process Oil

Markets Independently Analyzed with Annual Sales Figures in

Million Gallons for Years 2003 through 2008 (includes

corresponding Graph/Chart) II-118

Table 27: World 15-Year Perspective for Industrial Lubricants

by Geographic Region - Percentage Breakdown of Volume Sales

for USA, Canada, Japan, Europe, Asia-Pacific (excluding

Japan), Middle East, and Latin American Markets for Years

2003, 2011 & 2017 (includes corresponding Graph/Chart) II-119

Table 28: World 15-Year Perspective for Industrial Lubricants

by Product Segment - Percentage Breakdown of Volume Sales for

General Industrial Oils, Industrial Engine Oils, Marine

Lubricants, Metal Working Oils, and Process Oil Markets for

Years 2003, 2011 & 2017 (includes corresponding Graph/Chart) II-120

Table 29: World Recent Past, Current & Future Analysis for

General Industrial Oils by Geographic Region - USA, Canada,

Japan, Europe, Asia-Pacific (excluding Japan), Middle East,

and Latin American Markets Independently Analyzed with Annual

Sales Figures in Million Gallons for Years 2009 through 2017

(includes corresponding Graph/Chart) II-121

Table 30: World Historic Review for General Industrial Oils by

Geographic Region - USA, Canada, Japan, Europe, Asia-Pacific

(excluding Japan), Middle East, and Latin American Markets

Independently Analyzed with Annual Sales Figures in Million

Gallons for Years 2003 through 2008 (includes corresponding

Graph/Chart) II-122

Table 31: World 15-Year Perspective for General Industrial

Oils by Geographic Region - Percentage Breakdown of Volume

Sales for USA, Canada, Japan, Europe, Asia-Pacific (excluding

Japan), Middle East, and Latin American Markets for Years

2003, 2011 & 2017 (includes corresponding Graph/Chart) II-123

Table 32: World Recent Past, Current & Future Analysis for

Industrial Engine Oils by Geographic Region - USA, Canada,

Japan, Europe, Asia-Pacific (excluding Japan), Middle East,

and Latin American Markets Independently Analyzed with Annual

Sales Figures in Million Gallons for Years 2009 through 2017

(includes corresponding Graph/Chart) II-124

Table 33: World Historic Review for Industrial Engine Oils by

Geographic Region - USA, Canada, Japan, Europe, Asia-Pacific

(excluding Japan), Middle East, and Latin American Markets

Independently Analyzed with Annual Sales Figures in Million

Gallons for Years 2003 through 2008 (includes corresponding

Graph/Chart) II-125

Table 34: World 15-Year Perspective for Industrial Engine Oils

by Geographic Region - Percentage Breakdown of Volume Sales

for USA, Canada, Japan, Europe,Asia-Pacific (excluding Japan),

Middle East, and Latin American Markets for Years 2003, 2011 &

2017 (includes corresponding Graph/Chart) II-126

Table 35: World Recent Past, Current & Future Analysis for

Marine Lubricants by Geographic Region - USA, Canada, Japan,

Europe, Asia-Pacific (excluding Japan), Middle East, and Latin

American Markets Independently Analyzed with Annual Sales

Figures in Million Gallons for Years 2009 through 2017

(includes corresponding Graph/Chart) II-127

Table 36: World Historic Review for Marine Lubricants by

Geographic Region - USA, Canada, Japan, Europe, Asia-Pacific

(excluding Japan), Middle East, and Latin American Markets

Independently Analyzed with Annual Sales Figures in Million

Gallons for Years 2003 through 2008 (includes corresponding

Graph/Chart) II-128

Table 37: World 15-Year Perspective for Marine Lubricants by

Geographic Region - Percentage Breakdown of Volume Sales for

USA, Canada, Japan, Europe, Asia-Pacific (excluding Japan),

Middle East, and Latin American Markets for Years 2003, 2011 &

2017 (includes corresponding Graph/Chart) II-129

Table 38: World Recent Past, Current & Future Analysis for

Metal Working Oils by Geographic Region - USA, Canada, Japan,

Europe, Asia-Pacific (excluding Japan), Middle East, and Latin

American Markets Independently Analyzed with Annual Sales

Figures in Million Gallons for Years 2009 through 2017

(includes corresponding Graph/Chart) II-130

Table 39: World Historic Review for Metal Working Oils by

Geographic Region - USA, Canada, Japan, Europe, Asia-Pacific

(excluding Japan), Middle East, and Latin American Markets

Independently Analyzed with Annual Sales Figures in Million

Gallons for Years 2003 through 2008 (includes corresponding

Graph/Chart) II-131

Table 40: World 15-Year Perspective for Metal Working Oils by

Geographic Region - Percentage Breakdown of Volume Sales for

USA, Canada, Japan, Europe, Asia- Pacific (excluding Japan),

Middle East, and Latin American Markets for Years 2003, 2011 &

2017 (includes corresponding Graph/Chart) II-132

Table 41: World Recent Past, Current & Future Analysis for

Process Oils by Geographic Region - USA, Canada, Japan,

Europe, Asia-Pacific (excluding Japan), Middle East, and Latin

American Markets Independently Analyzed with Annual Sales

Figures in Million Gallons for Years 2009 through 2017

(includes corresponding Graph/Chart) II-133

Table 42: World Historic Review for Process Oils by Geographic

Region - USA, Canada, Japan, Europe, Asia-Pacific (excluding

Japan), Middle East, and Latin American Markets Independently

Analyzed with Annual Sales Figures in Million Gallons for

Years 2003 through 2008 (includes corresponding Graph/Chart) II-134

Table 43: World 15-Year Perspective for Process Oils by

Geographic Region - Percentage Breakdown of Volume Sales for

USA, Canada, Japan, Europe, Asia-Pacific (excluding Japan),

Middle East, and Latin American Markets for Years 2003, 2011 &

2017 (includes corresponding Graph/Chart) II-135

Table 44: World Recent Past, Current & Future Analysis for

Greases by Geographic Region - USA, Canada, Japan, Europe,

Asia-Pacific (excluding Japan), Middle East, and Latin

American Markets Independently Analyzed with Annual Sales

Figures in Million Gallons for Years 2009 through 2017

(includes corresponding Graph/Chart) II-136

Table 45: World Historic Review for Greases by Geographic

Region - USA, Canada, Japan, Europe, Asia-Pacific (excluding

Japan), Middle East, and Latin American Markets Independently

Analyzed with Annual Sales Figures in Million Gallons for

Years 2003 through 2008 (includes corresponding Graph/Chart) II-137

Table 46: World 15-Year Perspective for Greases by Geographic

Region - Percentage Breakdown of Volume Sales for USA, Canada,

Japan, Europe, Asia-Pacific (excluding Japan), Middle East,

and Latin American Markets for Years 2003, 2011 & 2017

(includes corresponding Graph/Chart) II-138

III. MARKET

1. THE UNITED STATES III-1

A.Market Analysis III-1

Factors Affecting Industrial Lubricants Market III-1

Rising Demand for Engine Oils to Add Vigor to the Ailing

Lubricants Market III-1

Environmental Concerns - Ups the Stake of Vegetable Oils in

Lubricants III-1

Table 47: North American Basestock Oil Supply (2008):

Percentage Share Breakdown of Basestock Supply by Category

(includes corresponding Graph/Chart) III-2

Distribution Channels III-2

Competition III-3

Table 48: Leading Players in the US Finished Lubricants

Market (2009): Percentage Breakdown of Value Sales for

Shell, ExxonMobil, Chevron, ConocoPhillips, Ashland, BP and

Others (includes corresponding Graph/Chart) III-3

Table 49: Motor Oils Market in US (2007): Percentage Share

Breakdown of Volume Sales by Leading Brands (includes

corresponding Graph/Chart) III-3

B.Market Analytics III-4

Table 50: US Recent Past, Current & Future Analysi for

Lubricating Oils and Greases by Product Group/ Segment -

Automotive Lubricants {Engine Oils [Monograded,

Multigraded], Transmission & Hydraulic Fluids [Automatic

Transmission Fluids, Universal Tractors (Hydraulic/

Transmission), Energy/Shock Absorbers, Power Steering,

Automotive Gear Oils, and Others]}, Industrial Lubricants

{General Industrial Oils [Hydraulic Oils, Fire- Resistant

Oils, Industrial Gear Oils, and Others], Industrial Engine

Oils [Railroad Diesel and Natural Gas], Marine Lubricants,

Metal Working Oils, and Process Oils}, and Greases Markets

Independently Analyzed with Annual Sales Figures in Million

Gallons for Years 2009 through 2017 (includes corresponding

Graph/Chart) III-4

Table 51: US Historic Review for Lubricating Oils and

Greases by Product Group/Segment - Automotive Lubricants

{Engine Oils [Monograded, Multigraded], Transmission &

Hydraulic Fluids [Automatic Transmission Fluids, Universal

Tractors (Hydraulic/ Transmission), Energy/Shock Absorbers,

Power Steering, Automotive Gear Oils, and Others]},

Industrial Lubricants {General Industrial Oils [Hydraulic

Oils, Fire-Resistant Oils, Industrial Gear Oils, and

Others], Industrial Engine Oils [Railroad Diesel and Natural

Gas], Marine Lubricants, Metal Working Oils, and Process

Oils}, and Greases Markets Independently Analyzed with

Annual Sales Figures in Million Gallons for Years 2003

through 2008 (includes corresponding Graph/Chart) III-6

Table 52: US 15-Year Perspective for Lubricating Oils and

Greases by Product Group/Segment - Percentage Breakdown of

Volume Sales for Automotive Lubricants {Engine Oils

[Monograded, Multigraded], Transmission & Hydraulic Fluids

[Automatic Transmission Fluids, Universal Tractors

(Hydraulic/ Transmission), Energy/Shock Absorbers, Power

Steering, Automotive Gear Oils, and Others]}, Industrial

Lubricants {General Industrial Oils [Hydraulic Oils,

Fire-Resistant Oils, Industrial Gear Oils, and Others],

Industrial Engine Oils [Railroad Diesel and Natural Gas],

Marine Lubricants, Metal Working Oils, and Process Oils},

and Greases Markets for Years 2003, 2011 & 2017 (includes

corresponding Graph/Chart) III-8

2. CANADA III-9

Market Analytics III-9

Table 53: Canadian Recent Past, Current & Future Analysis

for Lubricating Oils and Greases by Product Group/Segment -

Automotive Lubricants (Engine Oils, and Transmission &

Hydraulic Fluids), Industrial Lubricants (General Industrial

Oils, Industrial Engine Oils, Marine Lubricants, Metal

Working Oils, and Process Oils), and Greases Markets

Independently Analyzed with Annual Sales Figures in Million

Gallons for Years 2009 through 2017 (includes corresponding

Graph/Chart) III-9

Table 54: Canadian Historic Review for Lubricating Oils and

Greases by Product Group/Segment - Automotive Lubricants

(Engine Oils, and Transmission & Hydraulic Fluids),

Industrial Lubricants (General Industrial Oils, Industrial

Engine Oils, Marine Lubricants, Metal Working Oils, and

Process Oils), and Greases Markets Independently Analyzed

with Annual Sales Figures in Million Gallons for Years 2003

through 2008 (includes corresponding Graph/Chart) III-10

Table 55: Canadian 15-Year Perspective for Lubricating Oils

and Greases by Product Group/Segment - Percentage Breakdown

of Volume Sales for Automotive Lubricants (Engine Oils and

Transmission & Hydraulic Fluids), Industrial Lubricants

(General Industrial Oils, Industrial Engine Oils, Marine

Lubricants, Metal Working Oils, and Process Oils), and

Greases Markets for Years 2003, 2011 & 2017 (includes

corresponding Graph/Chart) III-11

3. JAPAN III-12

A.Market Analysis III-12

Market Overview III-12

Japan to Rely Less on Oil in the Long Run III-12

Historic Statistical Findings III-12

Table 56: Base Oils Market in Japan (2005): Percentage

Breakdown of Volume Production by Category - Group-I Oils,

Naphthemic Oils, Group-II Oils, Group-III Oils, and Others

(includes corresponding Graph/Chart) III-12

Table 57: Leading Players in the Japanese Lubricating Oil

and Greases Market (2005 & 2006): Percentage Breakdown of

Volume Sales for Nippon Oil Corporation, Idemitsu Kosan,

ExxonMobil Group, Cosmo Oil, Japan Energy, Showa Shell

Sekiyu, and Others (includes corresponding Graph/Chart) III-13

B.Market Analytics III-14

Table 58: Japanese Recent Past, Current & Future Analysis

for Lubricating Oils and Greases by Product Group/Segment -

Automotive Lubricants (Engine Oils, and Transmission &

Hydraulic Fluids), Industrial Lubricants (General Industrial

Oils, Industrial Engine Oils, Marine Lubricants, Metal

Working Oils, and Process Oils), and Greases Markets

Independently Analyzed with Annual Sales Figures in Million

Gallons for Years 2009 through 2017 (includes corresponding

Graph/Chart) III-14

Table 59: Japanese Historic Review for Lubricating Oils and

Greases by Product Group/Segment - Automotive Lubricants

(Engine Oils, and Transmission & Hydraulic Fluids),

Industrial Lubricants (General Industrial Oils, Industrial

Engine Oils, Marine Lubricants, Metal Working Oils, and

Process Oils), and Greases Markets Independently Analyzed

with Annual Sales Figures in Million Gallons for Years 2003

through 2008 (includes corresponding Graph/Chart) III-15

Table 60: Japanese 15-Year Perspective for Lubricating Oils

and Greases by Product Group/Segment - Percentage Breakdown

of Volume Sales for Automotive Lubricants (Engine Oils, and

Transmission & Hydraulic Fluids), Industrial Lubricants

(General Industrial Oils, Industrial Engine Oils, Marine

Lubricants, Metal Working Oils, and Process Oils), and

Greases Markets for Years 2003, 2011 & 2017 (includes

corresponding Graph/Chart) III-16

4. EUROPE III-17

A.Market Analysis III-17

Market Overview III-17

R.E.A.C.H. Legislation Likely to Favor Biolubricant Sector

in Europe III-17

Metalworking Fluids Market III-18

Growth Opportunities III-18

Specialty Lubricants Market III-18

Biolubricants Market III-18

Table 61: Western European Basestock Oil Supply (2008):

Percentage Share Breakdown of Basestock Supply by Category

(includes corresponding Graph/Chart) III-19

Focus on Select Biolubricants Segments in Europe III-19

Hydraulic Fluids III-19

Table 62: Comparison between Ingredients with

Corresponding Substances of Typical Hydraulic Fluids made

from Vegetable Oils and Mineral Oils (for 1000 grams of

oil) III-19

Chainsaw Oil III-20

Table 63: Comparison between Ingredients with

Corresponding Substances of Typical Chainsaw Lubricants

made from Rapeseed Oils and Mineral Oils (for 1000 grams

of oil) III-20

Motor and Gear Oils III-20

Metal Working Fluids III-20

Greases III-21

Table 64: European Grease Market (2008): Percentage

Breakdown of Volume Production by Type - Lithium Soap

Grease, Calcium Soap Grease, Aluminum Soap Grease,

Polyurea, and Other Greases (includes corresponding

Graph/Chart) III-21

B.Market Analytics III-22

Table 65: European Recent Past, Current & Future Analysis

for Lubricating Oils and Greases by Geographic Region -

France, Germany, Italy, UK, Spain, Russia, and Rest of

Europe Markets Independently Analyzed with Annual Sales

Figures in Million Gallons for Years 2009 through 2017

(includes corresponding Graph/Chart) III-22

Table 66: European Historic Review for Lubricating Oils and

Greases by Geographic Region - France, Germany, Italy, UK,

Spain, Russia, and Rest of Europe Markets Independently

Analyzed with Annual Sales Figures in Million Gallons for

Years 2003 through 2008 (includes corresponding Graph/Chart) III-23

Table 67: European Recent Past, Current & Future Analysis

for Lubricating Oils and Greases by Product Group/Segment -

Automotive Lubricants (Engine Oils, and Transmission &

Hydraulic Fluids), Industrial Lubricants (General Industrial

Oils, Industrial Engine Oils, Marine Lubricants, Metal

Working Oils, and Process Oils), and Greases Markets

Independently Analyzed with Annual Sales Figures in Million

Gallons for Years 2009 through 2017 (includes corresponding

Graph/Chart) III-24

Table 68: European Historic Review for Lubricating Oils and

Greases by Product Group/Segment - Automotive Lubricants

(Engine Oils, and Transmission & Hydraulic Fluids),

Industrial Lubricants (General Industrial Oils, Industrial

Engine Oils, Marine Lubricants, Metal Working Oils, and

Process Oils), and Greases Markets Independently Analyzed

with Annual Sales Figures in Million Gallons for Years 2003

through 2008 (includes corresponding Graph/Chart) III-25

Table 69: European 15-Year Perspective for Lubricating Oils

and Greases by Geographic Region - Percentage Breakdown of

Volume Sales for France, Germany, Italy, UK, Spain, Russia,

and Rest of Europe Markets for Years 2003, 2011 & 2017

(includes corresponding Graph/Chart) III-26

Table 70: European 15-Year Perspective for Lubricating Oils

and Greases by Product Group/Segment - Percentage Breakdown

of Volume Sales for Automotive Lubricants (Engine Oils, and

Transmission & Hydraulic Fluids), Industrial Lubricants

(General Industrial Oils, Industrial Engine Oils, Marine

Lubricants, Metal Working Oils, and Process Oils), and

Greases Markets for Years 2003, 2011 & 2017 (includes

corresponding Graph/Chart) III-27

4a. FRANCE III-28

Market Analytics III-28

Table 71: French Recent Past, Current & Future Analysis for

Lubricating Oils and Greases by Product Group/Segment -

Automotive Lubricants (Engine Oils, and Transmission &

Hydraulic Fluids), Industrial Lubricants (General Industrial

Oils, Industrial Engine Oils, Marine Lubricants, Metal

Working Oils, and Process Oils), and Greases Markets

Independently Analyzed with Annual Sales Figures in Million

Gallons for Years 2009 through 2017 (includes corresponding

Graph/Chart) III-28

Table 72: French Historic Review for Lubricating Oils and

Greases by Product Group/Segment - Automotive Lub

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SOURCE Reportlinker

Wed, 09 May 2012 20:10:00 +0000

HOUSTON, May 9, 2012 --- ConocoPhillips [NYSE:COP] today announced a quarterly dividend of 66 cents per share, payable June 1, 2012, to stockholders of record at the close of business on May 21, 2012.

Headquartered in Houston, Texas, ConocoPhillips has operations in almost 30 countries and more than 16,000 employees as of May 1, 2012. Production averaged 1.62 million BOE per day in 2011 and proved reserves were 8.4 billion BOE as of Dec. 31, 2011. For more information, go to www.conocophillips.com.

Wed, 09 May 2012 16:13:05 +0000

HOUSTON, May 9, 2012 --- ConocoPhillips [NYSE:COP] is nearing the completion of its three-year repositioning plan designed to deliver long-term value, the company said today at its Annual Meeting of Stockholders. The repositioning plan to optimize the company’s portfolio was initiated in 2010 and has delivered enhanced total shareholder returns.

“We have delivered peer-leading total shareholder returns over the course of our repositioning plan,” said Ryan Lance, chairman and chief executive officer. “During this period we have increased our dividend rate by 32 percent and repurchased $17 billion of our shares. We have divested more than $21 billion of nonstrategic assets, which resulted in improved financial returns and cash returns on capital employed. In addition, our portfolio is more closely focused on assets that can drive long-term growth.”

Consistent with the repositioning plan, on April 30, 2012, the company completed the spinoff of its downstream businesses to its stockholders. In conjunction with this spinoff, ConocoPhillips stockholders received one share of Phillips 66 [NYSE:PSX] common stock for every two shares held of ConocoPhillips common stock. Following the spinoff of Phillips 66, ConocoPhillips has emerged as the world’s largest independent exploration and production (E&P) company, based on proved reserves and production of liquids and natural gas.

“ConocoPhillips is truly unique as an independent E&P company, and we intend to pioneer a new standard in E&P excellence globally,” Lance said. “Our hallmarks are safety, disciplined financial management, and a drive for unparalleled operational excellence and performance. Our size, scope and capability, combined with the focus and culture of an independent, will enable us to pursue opportunities and take actions to create value for all our stakeholders.”

Over the next five years, ConocoPhillips plans to execute a disciplined capital program of approximately $15 billion per annum, supporting the company’s reserve replacement target of more than 100 percent. From 2013 forward, the company expects to generate 3 to 5 percent annual production and margin growth from major development projects already under way in the onshore United States, Canadian heavy oil sands, United Kingdom and Norwegian North Sea, Malaysia and Australia. ConocoPhillips will also maintain its commitment to shareholders by offering a sector-leading dividend and targeting annual increases in distributions.

“By putting new focus and discipline into the ConocoPhillips legacy, we believe we can create a new class of investment that can perform like no other E&P company,” Lance added. “We expect to offer investors stable, relatively low-risk distributions with attractive growth and returns. In the current environment, we believe this is a compelling value proposition for any industry.”

Final voting results from the stockholder meeting will be reported on Form 8-K, which will be filed with the Securities and Exchange Commission. These results and other information, including presentation materials and a recorded webcast of the meeting, will also be available at www.conocophillips.com/investor.

Wed, 09 May 2012 10:38:18 +0000

PR Newswire

NEW YORK, May 9, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Global Crude Oil Tanker Industry Outlook, 2012 – Capacity and Specifications of All Active and Planned Crude Oil Tankers to 2014

http://www.reportlinker.com/p0787660/Global-Crude-Oil-Tanker-Industry-Outlook-2012-–-Capacity-and-Specifications-of-All-Active-and-Planned-Crude-Oil-Tankers-to-2014.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Oil_and_G

Global Crude Oil Tanker Industry Outlook, 2012 – Capacity and Specifications of All Active and Planned Crude Oil Tankers to 2014

Summary

GlobalData's energy offering, "Global Crude Oil Tanker Industry Outlook, 2012 – Capacity and Specifications of All Active and Planned Crude Oil Tankers to 2014" is the essential source for industry data and information related to global Crude Oil tanker industry. It provides information on tanker specifications including flag, start year, operator, equity partners, IMO number, yard, length, DWT, GRT and capacity. The report includes information on operational and planned Crude Oil tankers. The profiles of major companies operating in the Crude Oil tanker industry are included in the report. The latest news and deals relating to the sector are also provided and analyzed.

This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData's team of industry experts.

Scope

- Updated information relating to all active and planned Crude Oil tankers- Provides Crude Oil tanker specifications like Flag, IMO Number, Yard, Dead Weight Tonnage (DWT), Gross Registered Tonnage (GRT), Capacity and Length- Provides operator information for all active and planned Crude Oil tankers- Information on the top companies in the sector including business description and strategic analysis. Key companies covered are Mitsui O.S.K. Lines, Ltd, Euronav NV and Frontline Ltd.- Key mergers and acquisitions, partnerships, private equity investments and IPOs.

Reasons to buy

- Obtain the most up to date information available on all active and planned Crude Oil tankers across the world- Identify growth segments and opportunities in the global Crude Oil tanker industry- Assess your competitor's global tanker operations - Understand and respond to your competitors business structure, strategy and prospects in tanker business across the globe- Develop strategies based on the latest operational, financial, and regulatory events from the latest deals and developments in the Crude Oil tanker industry in the world- Identify and analyze the strengths and weaknesses of the leading Crude Oil tanker companies in the world.1 Table Of Contents1 Table Of Contents 21.1 List Of Tables 52 Introduction 112.1 What is This Report About? 112.2 How to Use This Report? 112.3 Market Definition 113 Global Crude Oil Tanker Industry 123.1 Global Crude Oil Tanker Industry, Snapshot 123.2 Global Crude Oil Tanker Industry, Active Crude Oil Tankers 123.2.1 Active Crude Oil Tankers, ULCC Tankers 123.2.2 Active Crude Oil Tankers, VPLUS Tankers 133.2.3 Active Crude Oil Tankers, VLCC Tankers 143.2.4 Active Crude Oil Tankers, Suezmax Tankers 583.2.5 Active Crude Oil Tankers, Aframax Tankers 903.2.6 Active Crude Oil Tankers, Panamax Tankers 1543.2.7 Active Crude Oil Tankers, Handysize Tankers 1713.2.8 Active Crude Oil Tankers, Handymax Tankers 1853.3 Global Crude Oil Tanker Industry, Planned Crude Oil Tankers 2124 Profile of Mitsui O.S.K. Lines, Ltd. 2154.1 Mitsui O.S.K. Lines, Ltd., Key Information 2154.2 Mitsui O.S.K. Lines, Ltd., Company Overview 2154.3 Mitsui O.S.K. Lines, Ltd., Business Description 2154.3.1 Business Overview 2154.4 Mitsui O.S.K. Lines, SWOT Analysis 2174.4.1 Overview 2174.4.2 Mitsui O.S.K. Lines, Ltd. Strengths 2174.4.3 Mitsui O.S.K. Lines, Ltd. Weaknesses 2184.4.4 Mitsui O.S.K. Lines, Ltd. Opportunities 2194.4.5 Mitsui O.S.K. Lines, Ltd. Threats 2195 Profile of Euronav NV 2215.1 Euronav NV, Key Information 2215.2 Euronav NV, Company Overview 2215.3 Euronav NV, Business Description 2215.3.1 Business Overview 2216 Profile of Frontline Ltd. 2236.1 Frontline Ltd., Key Information 2236.2 Frontline Ltd., Company Overview 2236.3 Frontline Ltd., Business Description 2236.3.1 Business Overview 2236.3.2 Tankers 2246.4 Frontline Ltd., SWOT Analysis 2256.4.1 Overview 2256.4.2 Frontline Ltd. Strengths 2256.4.3 Frontline Ltd. Weaknesses 2266.4.4 Frontline Ltd. Opportunities 2276.4.5 Frontline Ltd. Threats 2277 Financial Deals Landscape 2297.1 Detailed Deal Summary 2297.1.1 Acquisition 2297.1.2 Private Equity 2347.1.3 Equity Offerings 2357.1.4 Debt Offerings 2427.1.5 Asset Transactions 2468 Recent Developments 2508.1 Strategy and Business Expansion 2508.1.1 Jan 04, 2012: GAC Opens New Office At Pipavav In Gujarat, India 2508.1.2 Dec 05, 2011: ConocoPhillips Reports On Strategic Progress 2508.1.3 Nov 07, 2011: Hornbeck Offshore Services Announces OSV Newbuild Program #5 2528.1.4 Aug 11, 2011: Polarcus Signs Strategic Agreement With Sovcomflot 2538.2 Drilling and Production Updates 2538.2.1 Jan 30, 2011: Apache Provides Australian Operations Update 2538.2.2 Jan 28, 2011: Santos Halts Production At Mutineer-Exeter Oil Field In Western Australia 2548.3 Other Significant Developments 2548.3.1 Jan 17, 2012: Spectra Energy Secures Two Shippers For Its Texas Eastern Appalachia To Market 2014 Expansion; Binding Open Season To Be Held 2548.3.2 Jan 17, 2012: Statoil And Partners Select Fixed Platform For Dagny Oil And Gas Discovery In North Sea 2558.3.3 Jan 13, 2012: China Shipping Signs Agreement To Construct Tanker For Transportation Of Crude Oil 2558.3.4 Jan 04, 2012: Statoil, ExxonMobil And Gassco Win Consent To Conduct Manned Underwater Operations 2568.3.5 Jan 04, 2012: DeepOcean Group Appoints Bart Heijermans As CEO 2578.3.6 Jan 03, 2012: World Fuel Services Names Abby Kohnstamm To Its Board 2578.3.7 Dec 29, 2011: CNOOC Submits Application For Establishment Of Marine Environmental And Ecological Protection Foundation 2588.3.8 Dec 27, 2011: CNOOC To Commence Operations From Deepwater Oil Exploration Vessel In South China Sea 2588.4 New Contracts Announcements 2588.4.1 Jan 19, 2012: Rolls-Royce Wins Contract From Navegao So Miguel To Design And Equip Seven Vessels In Brazil 2588.4.2 Jan 19, 2012: Golar LNG Partners Secures Contract Extension From Petrobras For Golar Winter FSRU 2598.4.3 Jan 18, 2012: Saipem Wins E&C Offshore Contracts Worth $1.8 Billion 2598.4.4 Jan 16, 2012: Dayang Enterprise Secures Time Charter Contract Extension From Nautika 2608.4.5 Dec 29, 2011: Keppel O&M Wins New Contracts Worth SGD150m 2608.4.6 Dec 23, 2011: Farstad Shipping Signs Two Charter Agreements With Petrobras 2628.4.7 Dec 22, 2011: DOF Subsea Wins NOK1 Billion In Contracts 2629 Appendix 2639.1 Abbreviations 2639.2 Methodology 2639.2.1 Coverage 2639.2.2 Secondary Research 2649.2.3 Primary Research 2649.3 Contact Us 2649.4 Disclaimer 265

1.1 List of Tables

Table 1: Global Crude Oil Tanker Industry, Key Statistics, 2011 12Table 2: Global Active ULCC Tanker Details, 2011 12Table 3: Global Active VPLUS Tanker Details, 2011 13Table 4: Global Active VLCC Tanker Details, 2011 14Table 5: Global Active VLCC Tanker Details, 2011 (Contd.1) 15Table 6: Global Active VLCC Tanker Details, 2011 (Contd.2) 16Table 7: Global Active VLCC Tanker Details, 2011 (Contd.3) 17Table 8: Global Active VLCC Tanker Details, 2011 (Contd.4) 18Table 9: Global Active VLCC Tanker Details, 2011 (Contd.5) 19Table 10: Global Active VLCC Tanker Details, 2011 (Contd.6) 20Table 11: Global Active VLCC Tanker Details, 2011 (Contd.7) 21Table 12: Global Active VLCC Tanker Details, 2011 (Contd.8) 22Table 13: Global Active VLCC Tanker Details, 2011 (Contd.9) 23Table 14: Global Active VLCC Tanker Details, 2011 (Contd.10) 24Table 15: Global Active VLCC Tanker Details, 2011 (Contd.11) 25Table 16: Global Active VLCC Tanker Details, 2011 (Contd.12) 26Table 17: Global Active VLCC Tanker Details, 2011 (Contd.13) 27Table 18: Global Active VLCC Tanker Details, 2011 (Contd.14) 28Table 19: Global Active VLCC Tanker Details, 2011 (Contd.15) 29Table 20: Global Active VLCC Tanker Details, 2011 (Contd.16) 30Table 21: Global Active VLCC Tanker Details, 2011 (Contd.17) 31Table 22: Global Active VLCC Tanker Details, 2011 (Contd.18) 32Table 23: Global Active VLCC Tanker Details, 2011 (Contd.19) 33Table 24: Global Active VLCC Tanker Details, 2011 (Contd.20) 34Table 25: Global Active VLCC Tanker Details, 2011 (Contd.21) 35Table 26: Global Active VLCC Tanker Details, 2011 (Contd.22) 36Table 27: Global Active VLCC Tanker Details, 2011 (Contd.23) 37Table 28: Global Active VLCC Tanker Details, 2011 (Contd.24) 38Table 29: Global Active VLCC Tanker Details, 2011 (Contd.25) 39Table 30: Global Active VLCC Tanker Details, 2011 (Contd.26) 40Table 31: Global Active VLCC Tanker Details, 2011 (Contd.27) 41Table 32: Global Active VLCC Tanker Details, 2011 (Contd.28) 42Table 33: Global Active VLCC Tanker Details, 2011 (Contd.29) 43Table 34: Global Active VLCC Tanker Details, 2011 (Contd.30) 44Table 35: Global Active VLCC Tanker Details, 2011 (Contd.31) 45Table 36: Global Active VLCC Tanker Details, 2011 (Contd.32) 46Table 37: Global Active VLCC Tanker Details, 2011 (Contd.33) 47Table 38: Global Active VLCC Tanker Details, 2011 (Contd.34) 48Table 39: Global Active VLCC Tanker Details, 2011 (Contd.35) 49Table 40: Global Active VLCC Tanker Details, 2011 (Contd.36) 50Table 41: Global Active VLCC Tanker Details, 2011 (Contd.37) 51Table 42: Global Active VLCC Tanker Details, 2011 (Contd.38) 52Table 43: Global Active VLCC Tanker Details, 2011 (Contd.39) 53Table 44: Global Active VLCC Tanker Details, 2011 (Contd.40) 54Table 45: Global Active VLCC Tanker Details, 2011 (Contd.41) 55Table 46: Global Active VLCC Tanker Details, 2011 (Contd.42) 56Table 47: Global Active VLCC Tanker Details, 2011 (Contd.43) 57Table 48: Global Active Suezmax Tanker Details, 2011 58Table 49: Global Active Suezmax Tanker Details, 2011 (Contd.1) 59Table 50: Global Active Suezmax Tanker Details, 2011 (Contd.2) 60Table 51: Global Active Suezmax Tanker Details, 2011 (Contd.3) 61Table 52: Global Active Suezmax Tanker Details, 2011 (Contd.4) 62Table 53: Global Active Suezmax Tanker Details, 2011 (Contd.5) 63Table 54: Global Active Suezmax Tanker Details, 2011 (Contd.6) 64Table 55: Global Active Suezmax Tanker Details, 2011 (Contd.7) 65Table 56: Global Active Suezmax Tanker Details, 2011 (Contd.8) 66Table 57: Global Active Suezmax Tanker Details, 2011 (Contd.9) 67Table 58: Global Active Suezmax Tanker Details, 2011 (Contd.10) 68Table 59: Global Active Suezmax Tanker Details, 2011 (Contd.11) 69Table 60: Global Active Suezmax Tanker Details, 2011 (Contd.12) 70Table 61: Global Active Suezmax Tanker Details, 2011 (Contd.13) 71Table 62: Global Active Suezmax Tanker Details, 2011 (Contd.14) 72Table 63: Global Active Suezmax Tanker Details, 2011 (Contd.15) 73Table 64: Global Active Suezmax Tanker Details, 2011 (Contd.16) 74Table 65: Global Active Suezmax Tanker Details, 2011 (Contd.17) 75Table 66: Global Active Suezmax Tanker Details, 2011 (Contd.18) 76Table 67: Global Active Suezmax Tanker Details, 2011 (Contd.19) 77Table 68: Global Active Suezmax Tanker Details, 2011 (Contd.20) 78Table 69: Global Active Suezmax Tanker Details, 2011 (Contd.21) 79Table 70: Global Active Suezmax Tanker Details, 2011 (Contd.22) 80Table 71: Global Active Suezmax Tanker Details, 2011 (Contd.23) 81Table 72: Global Active Suezmax Tanker Details, 2011 (Contd.24) 82Table 73: Global Active Suezmax Tanker Details, 2011 (Contd.25) 83Table 74: Global Active Suezmax Tanker Details, 2011 (Contd.26) 84Table 75: Global Active Suezmax Tanker Details, 2011 (Contd.27) 85Table 76: Global Active Suezmax Tanker Details, 2011 (Contd.28) 86Table 77: Global Active Suezmax Tanker Details, 2011 (Contd.29) 87Table 78: Global Active Suezmax Tanker Details, 2011 (Contd.30) 88Table 79: Global Active Suezmax Tanker Details, 2011 (Contd.31) 89Table 80: Global Active Aframax Tanker Details, 2011 90Table 81: Global Active Aframax Tanker Details, 2011 (Contd.1) 91Table 82: Global Active Aframax Tanker Details, 2011 (Contd.2) 92Table 83: Global Active Aframax Tanker Details, 2011 (Contd.3) 93Table 84: Global Active Aframax Tanker Details, 2011 (Contd.4) 94Table 85: Global Active Aframax Tanker Details, 2011 (Contd.5) 95Table 86: Global Active Aframax Tanker Details, 2011 (Contd.6) 96Table 87: Global Active Aframax Tanker Details, 2011 (Contd.7) 97Table 88: Global Active Aframax Tanker Details, 2011 (Contd.8) 98Table 89: Global Active Aframax Tanker Details, 2011 (Contd.9) 99Table 90: Global Active Aframax Tanker Details, 2011 (Contd.10) 100Table 91: Global Active Aframax Tanker Details, 2011 (Contd.11) 101Table 92: Global Active Aframax Tanker Details, 2011 (Contd.12) 102Table 93: Global Active Aframax Tanker Details, 2011 (Contd.13) 103Table 94: Global Active Aframax Tanker Details, 2011 (Contd.14) 104Table 95: Global Active Aframax Tanker Details, 2011 (Contd.15) 105Table 96: Global Active Aframax Tanker Details, 2011 (Contd.16) 106Table 97: Global Active Aframax Tanker Details, 2011 (Contd.17) 107Table 98: Global Active Aframax Tanker Details, 2011 (Contd.18) 108Table 99: Global Active Aframax Tanker Details, 2011 (Contd.19) 109Table 100: Global Active Aframax Tanker Details, 2011 (Contd.20) 110Table 101: Global Active Aframax Tanker Details, 2011 (Contd.21) 111Table 102: Global Active Aframax Tanker Details, 2011 (Contd.22) 112Table 103: Global Active Aframax Tanker Details, 2011 (Contd.23) 113Table 104: Global Active Aframax Tanker Details, 2011 (Contd.24) 114Table 105: Global Active Aframax Tanker Details, 2011 (Contd.25) 115Table 106: Global Active Aframax Tanker Details, 2011 (Contd.26) 116Table 107: Global Active Aframax Tanker Details, 2011 (Contd.27) 117Table 108: Global Active Aframax Tanker Details, 2011 (Contd.28) 118Table 109: Global Active Aframax Tanker Details, 2011 (Contd.29) 119Table 110: Global Active Aframax Tanker Details, 2011 (Contd.30) 120Table 111: Global Active Aframax Tanker Details, 2011 (Contd.31) 121Table 112: Global Active Aframax Tanker Details, 2011 (Contd.32) 122Table 113: Global Active Aframax Tanker Details, 2011 (Contd.33) 123Table 114: Global Active Aframax Tanker Details, 2011 (Contd.34) 124Table 115: Global Active Aframax Tanker Details, 2011 (Contd.35) 125Table 116: Global Active Aframax Tanker Details, 2011 (Contd.36) 126Table 117: Global Active Aframax Tanker Details, 2011 (Contd.37) 127Table 118: Global Active Aframax Tanker Details, 2011 (Contd.38) 128Table 119: Global Active Aframax Tanker Details, 2011 (Contd.39) 129Table 120: Global Active Aframax Tanker Details, 2011 (Contd.40) 130Table 121: Global Active Aframax Tanker Details, 2011 (Contd.41) 131Table 122: Global Active Aframax Tanker Details, 2011 (Contd.42) 132Table 123: Global Active Aframax Tanker Details, 2011 (Contd.43) 133Table 124: Global Active Aframax Tanker Details, 2011 (Contd.44) 134Table 125: Global Active Aframax Tanker Details, 2011 (Contd.45) 135Table 126: Global Active Aframax Tanker Details, 2011 (Contd.46) 136Table 127: Global Active Aframax Tanker Details, 2011 (Contd.47) 137Table 128: Global Active Aframax Tanker Details, 2011 (Contd.48) 138Table 129: Global Active Aframax Tanker Details, 2011 (Contd.49) 139Table 130: Global Active Aframax Tanker Details, 2011 (Contd.50) 140Table 131: Global Active Aframax Tanker Details, 2011 (Contd.51) 141Table 132: Global Active Aframax Tanker Details, 2011 (Contd.52) 142Table 133: Global Active Aframax Tanker Details, 2011 (Contd.53) 143Table 134: Global Active Aframax Tanker Details, 2011 (Contd.54) 144Table 135: Global Active Aframax Tanker Details, 2011 (Contd.55) 145Table 136: Global Active Aframax Tanker Details, 2011 (Contd.56) 146Table 137: Global Active Aframax Tanker Details, 2011 (Contd.57) 147Table 138: Global Active Aframax Tanker Details, 2011 (Contd.58) 148Table 139: Global Active Aframax Tanker Details, 2011 (Contd.59) 149Table 140: Global Active Aframax Tanker Details, 2011 (Contd.60) 150Table 141: Global Active Aframax Tanker Details, 2011 (Contd.61) 151Table 142: Global Active Aframax Tanker Details, 2011 (Contd.62) 152Table 143: Global Active Aframax Tanker Details, 2011 (Contd.63) 153Table 144: Global Active Panamax Tanker Details, 2011 154Table 145: Global Active Panamax Tanker Details, 2011 (Contd.1) 155Table 146: Global Active Panamax Tanker Details, 2011 (Contd.2) 156Table 147: Global Active Panamax Tanker Details, 2011 (Contd.3) 157Table 148: Global Active Panamax Tanker Details, 2011 (Contd.4) 158Table 149: Global Active Panamax Tanker Details, 2011 (Contd.5) 159Table 150: Global Active Panamax Tanker Details, 2011 (Contd.6) 160Table 151: Global Active Panamax Tanker Details, 2011 (Contd.7) 161Table 152: Global Active Panamax Tanker Details, 2011 (Contd.8) 162Table 153: Global Active Panamax Tanker Details, 2011 (Contd.9) 163Table 154: Global Active Panamax Tanker Details, 2011 (Contd.10) 164Table 155: Global Active Panamax Tanker Details, 2011 (Contd.11) 165Table 156: Global Active Panamax Tanker Details, 2011 (Contd.12) 166Table 157: Global Active Panamax Tanker Details, 2011 (Contd.13) 167Table 158: Global Active Panamax Tanker Details, 2011 (Contd.14) 168Table 159: Global Active Panamax Tanker Details, 2011 (Contd.15) 169Table 160: Global Active Panamax Tanker Details, 2011 (Contd.16) 170Table 161: Global Active Handysize Tanker Details, 2011 171Table 162: Global Active Handysize Tanker Details, 2011 (Contd.1) 172Table 163: Global Active Handysize Tanker Details, 2011 (Contd.2) 173Table 164: Global Active Handysize Tanker Details, 2011 (Contd.3) 174Table 165: Global Active Handysize Tanker Details, 2011 (Contd.4) 175Table 166: Global Active Handysize Tanker Details, 2011 (Contd.5) 176Table 167: Global Active Handysize Tanker Details, 2011 (Contd.6) 177Table 168: Global Active Handysize Tanker Details, 2011 (Contd.7) 178Table 169: Global Active Handysize Tanker Details, 2011 (Contd.8) 179Table 170: Global Active Handysize Tanker Details, 2011 (Contd.9) 180Table 171: Global Active Handysize Tanker Details, 2011 (Contd.10) 181Table 172: Global Active Handysize Tanker Details, 2011 (Contd.11) 182Table 173: Global Active Handysize Tanker Details, 2011 (Contd.12) 183Table 174: Global Active Handysize Tanker Details, 2011 (Contd.13) 184Table 175: Global Active Handymax Tanker Details, 2011 185Table 176: Global Active Handymax Tanker Details, 2011 (Contd.1) 186Table 177: Global Active Handymax Tanker Details, 2011 (Contd.2) 187Table 178: Global Active Handymax Tanker Details, 2011 (Contd.3) 188Table 179: Global Active Handymax Tanker Details, 2011 (Contd.4) 189Table 180: Global Active Handymax Tanker Details, 2011 (Contd.5) 190Table 181: Global Active Handymax Tanker Details, 2011 (Contd.6) 191Table 182: Global Active Handymax Tanker Details, 2011 (Contd.7) 192Table 183: Global Active Handymax Tanker Details, 2011 (Contd.8) 193Table 184: Global Active Handymax Tanker Details, 2011 (Contd.9) 194Table 185: Global Active Handymax Tanker Details, 2011 (Contd.10) 195Table 186: Global Active Handymax Tanker Details, 2011 (Contd.11) 196Table 187: Global Active Handymax Tanker Details, 2011 (Contd.12) 197Table 188: Global Active Handymax Tanker Details, 2011 (Contd.13) 198Table 189: Global Active Handymax Tanker Details, 2011 (Contd.14) 199Table 190: Global Active Handymax Tanker Details, 2011 (Contd.15) 200Table 191: Global Active Handymax Tanker Details, 2011 (Contd.16) 201Table 192: Global Active Handymax Tanker Details, 2011 (Contd.17) 202Table 193: Global Active Handymax Tanker Details, 2011 (Contd.18) 203Table 194: Global Active Handymax Tanker Details, 2011 (Contd.19) 204Table 195: Global Active Handymax Tanker Details, 2011 (Contd.20) 205Table 196: Global Active Handymax Tanker Details, 2011 (Contd.21) 206Table 197: Global Active Handymax Tanker Details, 2011 (Contd.22) 207Table 198: Global Active Handymax Tanker Details, 2011 (Contd.23) 208Table 199: Global Active Handymax Tanker Details, 2011 (Contd.24) 209Table 200: Global Active Handymax Tanker Details, 2011 (Contd.25) 210Table 201: Global Active Handymax Tanker Details, 2011 (Contd.26) 211Table 202: Global Planned Crude Oil Tanker Details, 2011 212Table 203: Global Planned Crude Oil Tanker Details, 2011 (Contd.1) 213Table 204: Global Planned Crude Oil Tanker Details, 2011 (Contd.2) 214Table 205: Mitsui O.S.K. Lines, Ltd., Key Facts 215Table 206: Mitsui O.S.K. Lines, Ltd., SWOT Analysis 217Table 207: Euronav NV, Key Facts 221Table 208: Frontline Ltd., Key Facts 223Table 209: Frontline Ltd., SWOT Analysis 225Table 210: Government of Colombia Plans To Sell 3% Stake In Ecopetrol 229Table 211: Riverstone Holdings To Sell 15% Stake In Gibson Energy For $248.9 Million 229Table 212: United States Oil & Gas Sells Turnbull Oil 231Table 213: Plains All American Pipeline To Acquire SemGroup For $1,240 Million 231Table 214: Government of Russia Plans To Sell 25% Stake In Sovcomflot 232Table 215: GAIL (India) Receives Approval For The Acquisition Of 5.2% Stake In Petronet LNG For $124 Million 233Table 216: Avista Capital To Invest In Appalachian Midstream Partners 234Table 217: Frontline 2012 Prices Private Placement Of Shares For $285 Million 235Table 218: Scorpio Tankers Completes Public Offering Of Shares For $38.5 Million 236Table 219: Hornbeck Offshore Services Completes Public Offering Of Shares For $242 Million 237Table 220: Energy Transfer Partners Completes Public Offering Of Units For $592 Million 239Table 221: China Merchants Energy Shipping Plans Private Placement Of Shares For $452.5 Million 241Table 222: Indian Oil Completes Private Placement Of 9.28% Bonds Due 2016 For $254 Million 242Table 223: Petroleo Brasileiro Prices Public Offering Of 6.25% Senior Notes Due 2026 For $1,091 Million 243Table 224: Petroleo Brasileiro Completes Public Offering Of 4.875% Notes Due 2018 For $1.67 Billion 244Table 225: Petroleo Brasileiro Completes Public Offering Of 5.875% Notes Due 2022 For $802 Million 245Table 226: Siem Offshore To Sell Mid-Size PSV, Siem Danis For $34 Million 246Table 227: Kirby Acquires Three Coastwise Tank Barge And Tug Units From Seaboats For $42.3 Million 247Table 228: TOP SHIPS Sells M/T IOANNIS P Tanker 248Table 229: TORM To Sell TORM Mette And TORM Marianne 248Table 230: Holly Energy Partners Acquires Certain Pipeline And Tankage Assets From HollyFrontier For $340 Million 249

Companies mentioned

Mitsui O.S.K. Lines, Ltd.Euronav NVFrontline Ltd.

To order this report:Oil and Gas energy Industry: Global Crude Oil Tanker Industry Outlook, 2012 – Capacity and Specifications of All Active and Planned Crude Oil Tankers to 2014

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SOURCE Reportlinker

Thu, 03 May 2012 20:35:55 +0000

PR Newswire

HOUSTON, May 3, 2012 /PRNewswire/ -- PLS Inc. ("PLS") in conjunction with its international partner, Derrick Petroleum Services ("Derrick"), reports that global M&A activity for the First Quarter 2012 slowed to $35.3 billion in 171 separate transactions. This compares to $47.6 billion in 208 deals in Q4 2011 and $42.3 billion in 199 deals in Q1 2011. According to Ronyld Wise, President of PLS Inc., "The number of deals slowed this quarter reversing a recent five-quarter trend of about 200 deals per quarter. We attribute the slowdown in deal activity primarily to continued weakness in North American natural gas prices that continue to test 10-year lows. That said, both PLS and Derrick think the record high oil to gas price ratio of over 50 to 1 makes for an extraordinary deal making environment in the coming months. On the gas side, well-capitalized contrarian buyers like private equity, overseas interests and MLPs are searching for high-quality gas assets in anticipation of a rebound in North America gas prices. On the oil side, we expect oil-leveraged resource players with strong cash flows continue to consolidate core areas and expand opportunities."

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Global -- 1st Quarter 2012 E&P Mergers and Acquisitions

Globally, North America led the world in oil and gas transactions (see Table 1) with total deal volume of $27.8 billion or ~80% of transactions by dollar volume. This is up from the prior-three-quarter average of 64%. The United States accounted for 69 deals or 40% of deal count and 51% of deal value. Canada was a standout this quarter where Canadian natural gas developments with export potential are especially attractive to Asian buyers. In this quarter, Canada accounted for 57 deals or 33% of deal count and 27% of deal value. Canada's 27% share of global deal value is up from a prior-three-quarter average of about 10% to 12%. Canada's largest deal this quarter, Mitsubishi's $2.9 billion joint venture with Encana in northeast British Columbia, is an example of the interest of Asian buyers.

According to Yashodeep Deodhar, Managing Partner of Derrick Petroleum Services, "Outside of North America, the highlight of the quarter is the acquisition of London-based Cove Energy with strong assets in the exciting East Africa region including offshore Mozambique and Kenya. The board of Cove just accepted an upward revised cash offer of $1.8 billion from Shell which matched Thailand's NOC PTT Exploration and Production's existing offer. The accepted offer represents a 96% premium to the share price just prior to Cove's early January announcement to initiate a sales process. The transaction is indicative of East Africa's offshore basin emergence as a world class area on the global exploration map."

Regionally, in terms of deal value this quarter, North America ($27.8 billion) was followed by Africa ($2.2 billion), Asia ($1.6 billion), Europe ($1.4 billion) and South America ($1.0 billion). By commodity type, oil accounted for $9.4 billion of transaction value, or 27% of deal value during the quarter, while natural gas-oriented transactions remained steady at $14.2 billion or 40% of deal value. Deals that involved a mixed-commodity base generated $10.2 billion (29%) in deal value while transactions related to oil sands were $1.3 billion (4%) during the quarter.

Table 1
Global Oil and Gas M&A Deals – First Quarter 2012

Country	Deal Value	# of Deals
	(US$ MM)

Africa	$2,159.0	7
Egypt, Ghana, Mozambique, Namibia, Tanzania & Tunisia
Asia	$1,598.3	4
China, Indonesia, Thailand & Vietnam
Australia	$497.2	6
Australia & Papua New Guinea
Europe	$1,437.9	13
Lithuania, Netherlands, Norway & United Kingdom
Former Soviet-Union	$783.1	5
Kazakhstan & Russia
Middle East	$94.9	2
Iraq & Syria
North America	$27,751.3	126
Canada & United States
South America	$1,013.3	8
Argentina, Brazil, Colombia, French Guiana

Total:	$35,334.9	171

Source: PLS Inc. / Derrick Global M&A Database. Includes all Global Deals with Deal Value Disclosed.

Nine deals topped $1 billion globally during the quarter – five in the United States, two in Canada, one in Mozambique and one in Vietnam (see Table 2).

Table 2
Q1 2012 Global Deals > $1 Billion

Date	Buyers	Sellers	Deal Value	Country
			(US$ MM)
2/24/2012	Apollo; Riverstone; Access	Kinder Morgan (El Paso E&P)	$7,150	United States
2/17/2012	Mitsubishi	EnCana	$2,898	Canada
1/23/2012	Apache	Cordillera Energy Partners	$2,850	United States
1/3/2012	Sinopec	Devon Energy	$2,200	United States
3/23/2012	Pengrowth	NAL Energy Corp	$1,909	Canada
2/24/2012	Shell *	Cove Energy	$1,584	Mozambique
2/16/2012	Perenco	ConocoPhillips	$1,290	Vietnam
2/1/2012	SandRidge Energy	Dynamic Offshore	$1,275	United States
2/27/2012	Linn Energy	BP	$1,200	United States

* On 4/24/2012, Shell matched PTT EP's 2/24/2012 offer. Deal value as of 2/24/2012 exchange rate.

The pace of deals greater than $1 billion is on trend with 2011 and conventional deals continue to outpace unconventional deals, accounting 67% of deal volume in Q1 2012 (see Table 3).

Table 3
Global Deals > $1 billion

	2007	2008	2009	2010	2011	Q1 2012
Conventional	31	14	15	40	19	6
%	91%	56%	71%	69%	51%	67%
Unconventional	3	11	6	18	18	3
%	9%	44%	29%	31%	49%	33%
Total	34	25	21	58	37	9

Source: PLS Inc. / Derrick Global M&A Database. Includes all Global Deals with Deal Value Disclosed.

United States -- 1^st Quarter 2012 E&P Mergers and Acquisitions

In the United States, recorded deal activity in Q1 2012 fell 29% to 69 transactions compared to 97 in Q4 2011. Ironically deal value also fell 29% to $18.1 billion versus $25.4 billion in Q4 2011 (see Table 4). The largest deal for this quarter, in the United States and globally, was the $7.15 billion sale of El Paso's E&P business by Kinder Morgan to a consortium led by private equity backed Apollo Global Management. Other top U.S. deals were Apache's acquisition of Cordillera ($2.85 billion), Sinopec's JV across five unconventional plays with Devon Energy ($2.2 billion), SandRidge Energy's acquisition of Dynamic ($1.3 billion) and Linn Energy's acquisition of BP's Hugoton gas field assets ($1.2 billion) (see Table 2).

Table 4
United States E&P Mergers & Acquisitions

	Q1-2011	Q2-2011	Q3-2011	Q4-2011	Q1-2012
# of Deals	96	110	75	97	69
Deal Value (US$MM)	$13,224	$17,116	$25,920	$25,362	$18,128

Source: PLS Inc. / Derrick Global M&A Database. Includes all Global Deals with Deal Value Disclosed.

Looking at U.S. transactions by deal type, corporate acquisitions accounted 62% of deal value this quarter, the highest share since Q3 2011 (see Table 5).

Table 5
United States E&P M&A Activity by Deal Type

	Q1-2011		Q2-2011		Q3-2011		Q4-2011		Q1-2012
	$MM	%	$MM	%	$MM	%	$MM	%	$MM	%
Acreage Only	$724	5%	$3,557	21%	$365	1%	$933	4%	$385	2%
Corporate	$854	6%	$3,449	20%	$16,851	65%	$13,526	53%	$11,301	62%
Joint Venture	$2,817	21%	$1,026	6%	$4,607	18%	$3,359	13%	$2,224	12%
Property	$8,724	66%	$8,162	48%	$3,889	15%	$7,478	29%	$4,082	23%
Royalty	$105	1%	$71	0%	$208	1%	$17	0%	$135	1%
VPP	$0	0%	$850	5%	$0	0%	$50	0%	$0	0%
Total	$13,224	100%	$17,116	100%	$25,920	100%	$25,362	100%	$18,128	100%

Source: PLS Inc. / Derrick Global M&A Database. Includes all Global Deals with Deal Value Disclosed.

Looking Forward

Currently, the deal market remains supplied with a healthy inventory of assets, acreage and companies for sale totaling by PLS and Derrick analysis to be about $88 billion globally. Table 6 below shows recent deals put on the market in Q1 2012 greater than $1 billion.

Table 6
Q1 2012 Announced Deals in Play > $1 Billion

Date	Seller	Country	Comment
3/26/2012	Svenska	Angola	Svenska Petroleum put up for sale
3/14/2012	Lukoil	Iraq	Seeks partner for West Qurna-2 project
2/13/2012	Chesapeake	US	Chesapeake to divest Permian basin assets
1/20/2012	Connacher	Canada	Connacher seeking strategic alternatives
1/16/2012	ConocoPhillips	Canada	Seeking partner for oilsands in Alberta
1/10/2012	Talisman	Canada	Selling non-core assets worth $1 - $2 billion

Source: PLS Inc. / Derrick Global M&A Database

In North America, we expect deal making to continue to be driven by companies building liquidity to rebalance portfolios towards oil and liquids. This includes the sale of developed gas properties plus a strong demand on the buy-side for oil-weighted properties. Also, the industry is still maintaining an oversupply of acreage packages on the market especially in areas such as the Niobrara which has not yet fully proven to meet operator expectations. On the gas side, PLS sees a window where buyers who have a longer-term view can enter the market to secure natural gas assets at reasonable prices once "motivated sellers" get comfortable. Rolling hedges that come off this year should also push some properties to market. Current buyers include Asian companies, private equity firms and MLPs. We certainly would not be surprised to see larger, well-capitalized U.S. companies look to the M&A markets to expand their domestic resource base for both oil and gas.

Internationally, we expect M&A activity to follow strong exploration success in areas like East Africa, West Africa and South America. Also, on the technology front, we expect international interests to continue to tap the M&A markets to partner with experienced operators to transfer learnings for opportunities both in and outside of the United States.

Thus far in Q2 2012, global M&A activity has surpassed the $5 billion mark.

PLS Inc. and Derrick Petroleum Services are partners in providing U.S., Canadian and International clients leading Global and U.S. M&A and E&P databases and services. These databases are maintained 24/7 by a team of analysts and are accessible via the web.

Media Contact:
Reid Strand, M&A Analyst, PLS Inc., 713-650-1212, rstrand@plsx.com

SOURCE PLS Inc.

Wed, 02 May 2012 13:27:47 +0000

PR Newswire

NEW YORK, May 2, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

The Oil Tanker Market 2012-2022

http://www.reportlinker.com/p0790295/The-Oil-Tanker-Market-2012-2022.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Oil_and_Gas_energy

Report Details

Global oil trade is very much dependent on oil tankers for the transportation of crude oil as well as refined petroleum products. In the last quarter of 2011 oil demand fell for the first time since 2008/2009. With a stronger outlook for the global economy over the forecast period, visiongain expects oil demand growth will increase. As a result, intercontinental oil trade will rise at a faster rate and the oil tanker market will see higher earnings and better returns on investment. Visiongain has determined that the value of the global oil tanker market in 2012 will reach $18.96bn.

The focus of this report is on quantifying investment in the oil tanker market, including new build contracts, repairs, maintenance and scrapping. All new oil tankers are required to have a double hull and in the near future regulators will be enforcing laws on oil tanker fuel efficiency and water ballast systems which will require companies to upgrade and retrofit their tankers.

Unique Selling Points

• Comprehensive analysis of the prospects of the oil tanker market from 2012-2022

• Forecasts and analysis of the global oil tanker market between 2012-2022

• Forecasts and analysis of 5 submarkets of the oil tanker market from 2012-2022

• Forecasts and analysis of the 7 regional oil tanker markets from 2012-2022

• Analysis of over 25 national oil tanker markets for the period 2012-2022

• Analysis and forecasting is informed by extensive expert consultation with industry leaders. You will be able to read two full transcripts of exclusive interviews with leading companies involved with the oil tanker market

• 171 tables, charts and graphs that quantify, analyse and forecast the changing dynamics of the oil tanker market between 2012-2022.

• Analysis of the forces that influence and characterise the oil tanker market

• Profiles of 71 leading companies operating within the oil tanker market.

Methodology

This report has been compiled by combining information obtained from a very wide and rich mixture of primary and secondary research sources, producing a broad industry overview. Visiongain sought opinions from leading figures in the oil tanker market to underpin the analysis of market drivers and restraints. The study draws on a diverse range of official corporate and governmental announcements, media reports, policy documents, industry statements and expert opinion as a basis for discussing and predicting developments in the oil tanker market between 2012 and 2022.

Visiongain considers that this methodology results in an accurate, objective mixture of analyses and forecasts.

Why you should buy The Oil Tanker Market 2012-2022

• You will receive comprehensive forecasts and analysis of the global oil tanker market between 2012-2022

• The analysis and forecasting has been informed by extensive expert consultation with industry leaders. Within the report, you will be able to read full transcripts of exclusive interviews from 2 leading experts with knowledge of the oil tanker market.

- Peter Menting, former Legal Coordinator, Marketing, of Kuwait Petroleum Corporation (KPC); a major oil producer in the Middle East,

- Jan Koren, Director of the oil tanker segment of DNV Det Norske Veritas (DNV); a risk management consultancy company with expertise in technical standards and safety features of the energy industry.

• You will find 171 tables, charts, and graphs that quantify, analyse and forecast the oil tanker market from 2012-2022

• You will read forecasts and analysis for 5 subsectors of the oil tanker market between 2012-2022

- Aframax

- Suezmax

- Panamax

- Very Large Crude Carriers (including ULCC)

- Product and Chemical Tankers

• You will find forecasts and analysis of 7 regional markets over the period 2012-2022

- Africa

- Asia Pacific

- Eurasia

- Europe

- Latin America

- North America

- The Middle East

• You will receive specific analysis of the largest national oil tanker markets over the period 2012-2022

• You will receive a SWOT analysis that examines the oil tanker market from 2012-2022

• You will gain profiles of 71 leading companies operating within the oil tanker market

What is the structure of the report?

Chapter 1 is the executive summary.

Chapter 2 provides an introduction to the oil tanker market.

Chapter 3 The chapter includes analysis of the global oil tanker market. The chapter also includes details oil tanker capacity from 2012-2022, as well as forecasts and analysis of the five oil tanker submarkets over the period 2012 to 2022.

Chapter 4 focuses on the seven regional oil tanker markets. The chapter includes spending forecasts and analysis over the 2012-2022 period and analyses major national oil tanker markets in detail.

Chapter 5 provides a SWOT analysis, discussing the main strengths, weaknesses, opportunities and threats to the oil tanker market.

Chapter 6 features two interviews from leading experts with knowledge of the oil trade market.

Chapter 7 profiles 71 of the major companies operating within the oil tanker market.

Chapter 8 is a summary of the report, outlining the conclusions of the analyses.

Chapter 9 is a glossary of acronyms used in the report.

Visiongain is a trading partner with the US Federal Government

CCR Ref number: KD4R6

Table of Contents

1. Executive Summary

1.1 The Oil Tanker Market Overview

1.2 Drivers & Restraints in the Oil Tanker Market 2012-2022

1.2.1 Drivers

1.2.2 Restraints

1.3 Highlights of the Report

1.4 Benefits of this Report

1.5 Methodology

1.6 The Global Oil Tanker Market Forecast 2012-2022

1.7 The Oil Tanker Submarkets Forecast 2012-2022

1.8 The Regional Oil Tanker Market Forecast 2012-2022

2. Introduction to the Oil Tanker Market

2.1 Marine Shipping Operations

2.2 History of Oil Tankers

2.3 Panamax Oil Tankers

2.4 Suesmax Oil Tankers

2.5 Aframax Oil Tankers

2.6 VLCC Oil Tankers

2.7 Shuttle and Product Tankers

2.8 Bunkering and Freight Rates

2.9 Oil Supply and Demand Market and Oil Trade Patterns

3. The Global Oil Tanker Market 2012-2022

3.1 The Global Oil Tanker Market Forecast 2012-2022

3.2 The Oil Tanker Submarket Forecast 2012-2022

3.3 The VLCC Oil Tanker Submarket Forecast 2012-2022

3.4 The Suezmax Oil Tanker Submarket Forecast 2012-2022

3.5 The Aframax Oil Tanker Submarket Forecast 2012-2022

3.6 The Oil Product Tanker Submarket Forecast 2012-2022

3.7 The Panamax Oil Tanker Submarket Forecast 2012-2022

4. The Regional Oil Tanker Markets Forecast 2012-2022

4.1 The Asia Pacific Oil Tanker Market Forecast 2012-2022

4.1.1 The Chinese Oil Tanker Market

4.1.2 The Japanese Oil Tanker Market

4.1.3 The South Korean Oil Tanker Market

4.1.4 The Indian Oil Tanker Market

4.1.5 The Singaporean Oil Tanker Market

4.1.6 The Australian Oil Tanker Market

4.1.7 The Rest of Asia Oil Tanker Market

4.2 The North American Oil Tanker Market Forecast 2012-2022

4.2.1 The US Oil Tanker Market

4.2.2 The Canadian Oil Tanker Market

4.3 The Latin American Oil Tanker Market Forecast 2012-2022

4.3.1 The Mexican Oil Tanker Market

4.3.2 The Brazilian Oil Tanker Market

4.3.3 The Venezuelan Oil Tanker Market

4.3.4 The Argentinean Oil Tanker Market

4.4 The European Oil Tanker Market Forecast 2012-2022

4.4.1 The British Oil Tanker Market

4.4.2 The French Oil Tanker Market

4.4.3 The Norwegian Oil Tanker Market

4.4.4 The Spanish Oil Tanker Market

4.4.5 The Rest of Europe Oil Tanker Market

4.5 The Eurasian Oil Tanker Market Forecast 2012-2022

4.5.1 The Russian Oil Tanker Market

4.5.2 The Rest of Eurasia Oil Tanker Market

4.6 The Middle Eastern Oil Tanker Market Forecast 2012-2022

4.6.1 The Saudi Arabian Oil Tanker Market

4.6.2 The Iranian Oil Tanker Market

4.6.3 The United Arab Emirates Oil Tanker Market

4.6.4 The Iraqi Oil Tanker Market

4.6.5 The Rest of Middle East Oil Tanker Market

4.7 The African Oil Tanker Market Forecast 2012-2022

4.7.1 The Libyan Oil Tanker Market

4.7.2 The Algerian Oil Tanker Market

4.7.3 The Egyptian Oil Tanker Market

4.7.4 The Sudanese Oil Tanker Market

4.7.5 The Nigerian Oil Tanker Market

4.7.6 The Rest of Africa Oil Tanker Market

5. SWOT Analysis of the Oil Tanker Market 2012-2022

5.1 Strengths

5.1.1 Larger Volumes of Oil Transportation

5.1.2 Greater Storage Capacity at Oil Tanker Terminals

5.1.3 Conversion to FPSOs

5.1.4 Phasing Out of Old Technologies

5.2 Weaknesses

5.2.1 High Bunker Fuel Costs

5.2.2 Tough Competition, Low Freight Rates & Repayment of Loans

5.2.3 Oil Tanker Market Regulations

5.3 Opportunities

5.3.1 Scrapping of Old Tankers

5.3.2 Offshore Oil Production

5.3.3 New Crude Oil Tanker Designs

5.3.4 Managing Freight Rate Fluctuations

5.4 Threats

5.4.1 Pipelines Replacing Oil Tankers

5.4.2 Switching Towards Alternative Energy Sources

5.4.3 Threat to Supply Route Bottlenecks

5.4.4 Piracy and Other Risks in the Oil Tanker Market

6. Expert Opinion

6.1 Kuwait Petroleum Corporation (KPC)

6.1.1 Kuwait Petroleum Corporation (KPC) in the Oil Tanker Market

6.1.2 Oil Purchasing Contracts

6.1.3 Drivers in the Oil Tanker Market

6.1.4 Constraints in the Oil Tanker Market

6.1.5 Regional Differences in the Oil Tanker Market

6.1.6 Threats in the Oil Tanker Market

6.2 Det Norske Veritas (DNV)

6.2.1 Det Norske Veritas (DNV) in the Oil Tanker Market

6.2.2 Oil Tanker Fuel Efficiency

6.2.3 Regulations in the Oil Tanker Industry

6.2.4 New Investments in the Oil Tanker Industry

6.2.5 Ballast Water Treatment Systems for Oil Tankers

6.2.6 Concept Ships & New Technologies

6.2.7 The Future of the Oil Tanker Market

7. Leading Companies in the Oil Tanker Market

7.1 Oil Tanker Engineering, Construction & Repair Companies

7.1.1 A&P Group Ltd.

7.1.2 Arab Shipbuilding and Repair Yard (ASRY)

7.1.3 Daewoo Shipbuilding and Marine Engineering (DSME)

7.1.4 Dalian Shipbuilding Industry Corporation

7.1.5 Hyundai Heavy Industries

7.1.6 Jinhai Heavy Industry Co. Ltd.

7.1.7 Kawasaki Heavy Industries

7.1.8 Keppel Offshore & Marine

7.1.9 Mitsubishi Heavy Industries

7.1.10 Mitsui USA Inc.

7.1.11 President Marine

7.1.12 Samsung Heavy Industries

7.1.13 Sembawang Shipyard Pte Ltd.

7.1.14 Sembcorp Marine

7.1.15 STX Offshore & Shipbuilding Co.

7.1.16 Tsuneishi Shipbuilding

7.1.17 Zebec Marine Consultants and Services

7.2 Oil Tanker Operating Companies

7.2.1 Abu Dhabi National Tanker Company

7.2.2 AET Tanker Holdings

7.2.3 Arab Maritime Petroleum Transport Company (AMPTC)

7.2.4 Associated Maritime Company Ltd.

7.2.5 Athenian Sea Carriers Ltd.

7.2.6 BP Shipping

7.2.7 BW Group

7.2.8 Chevron Shipping

7.2.9 China Shipping Development Co. Ltd.

7.2.10 DHT Maritime, Inc.

7.2.11 Dynacom Tankers Management Ltd.

7.2.12 Euronav NV

7.2.13 Frontline 2012

7.2.14 General Maritime Corporation

7.2.15 Great Eastern Shipping

7.2.16 Independent Tankers Corporation Limited

7.2.17 Knightsbridge Tankers

7.2.18 Kuwait Oil Tanker Co. S.A.K.

7.2.19 Maersk AS

7.2.20 Malaysian International Shipping Corporation (MISC) Berhad

7.2.21 Maran Tankers Management Inc.

7.2.22 Minerva Marine Inc.

7.2.23 Mitsui OSK Lines (MOL)

7.2.24 National Iranian Tanker Company

7.2.25 National Shipping Corporation of Saudi Arabia (NSCSA)

7.2.26 NewLead Holdings Ltd.

7.2.27 Nippon Yusen Kaisha Lines

7.2.28 Nordic American Tankers

7.2.29 Novoship Group

7.2.30 Ocean Shipholdings Inc.

7.2.31 Ocean Tankers Pte

7.2.32 Odfjell

7.2.33 Overseas Shipholding Group (OSG) Inc.

7.2.34 Polar Tankers

7.2.35 Reederei Nord Ltd.

7.2.36 Shell Trading & Shipping

7.2.37 Shipping Corporation of India (SCI) Ltd.

7.2.38 SK Shipping

7.2.39 Sovcomflot

7.2.40 Stena Bulk

7.2.41 Tanker Pacific

7.2.42 Teekay Shipping Corporation

7.2.43 Thenamaris

7.2.44 Torm

7.2.45 Tsakos Energy Navigation

7.2.46 Univan Ship Management Ltd.

7.2.47 Vela International Marine Ltd.

7.2.48 Wilhelmsen Ship Management d.o.o.

7.3 Oil Tanker & Shipping Brokerage Companies

7.3.1 ACM Shipping Plc.

7.3.2 Braemar Seascope Ltd.

7.3.3 Clarksons Plc.

7.3.4 E.A. Gibsons Shipbrokers Ltd.

7.3.5 Galbraith's Ltd.

7.3.6 Simpson Spence & Young Ltd.

8. Conclusions

8.1 An Overview of the Oil Tanker Market

8.2 The Global of Oil Tanker Market and Submarket Forecasts 2012-2022

8.3 The Fastest Growing Regional Oil Tanker Markets

8.4 Moderately Growing Regional Oil Tanker Markets

8.5 The Slowest Growing Regional Oil Tanker Markets

8.6 Final Observations

9. Glossary

List of Tables

Table 1.1 Summary of Drivers and Restraints in the Oil Tanker Market

Table 2.1 Oil Tanker Classification (Size, dwt Capacity, Barrels Capacity, Type)

Table 2.2 Clean Tanker Route, Vessel Size, Vessel Type, Source & Destination

Table 2.3 Dirty Tanker Route, Vessel Size, Vessel Type, Source & Destination

Table 3.1 Global Oil Tanker Market Forecast 2012-2022 ($bn, AGR %)

Table 3.2 Global Oil Tanker Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022

Table 3.3 Global Oil Tanker Submarkets Forecast 2012-2022 ($bn, AGR %)

Table 3.4 The VLCC Oil Tanker Submarket Forecast 2012-2022 ($bn, AGR %)

Table 3.5 The VLCC Oil Tanker Submarket Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022

Table 3.6 The Suezmax Oil Tanker Submarket Forecast 2012-2022 ($bn, AGR %)

Table 3.7 The Suezmax Oil Tanker Submarket Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022

Table 3.8 The Aframax Oil Tanker Submarket Forecast 2012-2022 ($bn, AGR %)

Table 3.9 The Aframax Oil Tanker Submarket Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022

Table 3.10 The Oil Product Tanker Submarket Forecast 2012-2022 ($bn, AGR %)

Table 3.11 The Oil Product Tanker Submarket Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022

Table 3.12 The Panamax Oil Tanker Submarket Forecast 2012-2022 ($bn, AGR %)

Table 3.13 The Panamax Oil Tanker Submarket Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022

Table 3.14 Dimensions of Current Panamax & New Panamax Vessels (Metres & Feet)

Table 4.1 Regional Oil Tanker Markets Forecast 2012-2022 ($bn, AGR %)

Table 4.2 Asia Pacific Oil Tanker Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)

Table 4.3 Asia Pacific Oil Tanker Market Forecast 2012-2022 ($bn, AGR %)

Table 4.4 Asia Pacific Oil Tanker Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022

Table 4.5 Drivers and Restraints in the Asia Pacific Oil Tanker Market

Table 4.6 Major Oil Tanker Contracts in Asia Pacific (Constructor, Operator, Period, Contract Value $m, Details)

Table 4.7 The North American Oil Tanker Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)

Table 4.8 The North American Oil Tanker Market Forecast 2012-2022 ($bn, AGR %)

Table 4.9 The North American Oil Tanker Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022

Table 4.10 Drivers and Restraints in the North American Oil Tanker Market

Table 4.11 US Gulf Coast Crude Oil Import Terminals (Thousand barrels per day)

Table 4.12 Major North American Oil Tanker Contracts (Constructor, Operator, Period, Contract Value $m, Details)

Table 4.13 The Latin American Oil Tanker Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)

Table 4.14 The Latin American Oil Tanker Market Forecast 2012-2022 ($bn, AGR %)

Table 4.15 The Latin American Oil Tanker Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022

Table 4.16 Drivers & Restraints in the Latin American Oil Tanker Market

Table 4.17 Major Oil Tanker Contracts in Latin America (Constructor, Operator, Period, Contract Value $m, Details)

Table 4.18 The European Oil Tanker Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)

Table 4.19 The European Oil Tanker Market Forecast 2012-2022 ($bn, AGR %)

Table 4.20 The European Oil Tanker Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022

Table 4.21 Drivers & Restraints in the European Oil Tanker Market

Table 4.22 European Oil Tanker Contract (Constructor, Operator, Periods, Contract Value $m, Details)

Table 4.23 The Eurasian Oil Tanker Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)

Table 4.24 The Eurasian Oil Tanker Market Forecast 2012-2022 ($bn, AGR %)

Table 4.25 The Eurasian Oil Tanker Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022

Table 4.26 Drivers and Restraints in the Eurasian Oil Tanker Market

Table 4.27 Major Oil Tanker Contracts in Eurasia (Constructor, Operator, Vessel Type, Contract Value $m)

Table 4.28 The Middle Eastern Oil Tanker Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)

Table 4.29 The Middle Eastern Oil Tanker Market Forecast 2012-2022 ($bn, AGR %)

Table 4.30 The Middle Eastern Oil Tanker Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022

Table 4.31 Drivers & Restraint the Middle Eastern Oil Tanker Market

Table 4.32 Major Oil Tanker Contracts in the Middle East (Constructor, Operator, Period, Contract Value $m, Details)

Table 4.33 The African Oil Tanker Market Forecast Summary 2012, 2017 and 2022 ($bn, Rank, % Share, CAGR %, Cumulative)

Table 4.34 The African Oil Tanker Market Forecast 2012-2022 ($bn, AGR %)

Table 4.35 The African Oil Tanker Market Forecast CAGR (%) 2012-2022, 2012-2017, and 2017-2022

Table 4.36 Drivers & Restraints in the African Oil Tanker Market

Table 4.37 Major Oil Tanker Contracts in the Africa (Constructor, Operator, Period, Contract Value $m, Details)

Table 5.1 SWOT Analysis of the Oil Tanker Market 2012-2022

Table 7.1 Abu Dhabi National Tanker Company Fleet (Type of Oil Tanker, Number of Units)

Table 7.2 AET Tanker Holdings Fleet (Type of Oil Tanker, Number of Units)

Table 7.3 Associated Maritime Company Ltd. Fleet (Type of Oil Tanker, Number of Units)

Table 7.4 General Maritime Fleet (Type of Oil Tanker, Number of Units)

Table 7.5 Great Eastern Shipping Fleet (Type of Oil Tanker, Number of Units)

Table 7.6 Kuwait Oil Tanker Co. S.A.K. Fleet (Type of Oil Tanker, Number of Units, Capacity m³)

Table 7.7 Maersk AS Fleet (Type of Oil Tanker, Number of Units, dwt, Capacity m³)

Table 7.8 Minerva Marine Fleet (Type of Oil Tanker, Number of Units, Age)

Table 7.9 Ocean Tankers Pte Fleet (Type of Oil Tanker, Number of Units, dwt)

Table 7.10 Sovcomflot Fleet (Type of Oil Tanker, Number of Units)

Table 7.11 Stena Bulk Fleet (Type of Oil Tanker, Number of Units)

Table 7.12 Tanker Pacific Fleet (Type of Oil Tanker, Number of Units)

Table 7.13 Teekay Shipping Corporation Fleet (Type of Oil Tanker, Number of Units)

Table 7.14 Thenamaris Fleet (Type of Oil Tanker, Number of Units)

Table 7.15 Tsakos Energy Navigation Fleet (Type of Oil Tanker, Number of Units)

List of Figures

Figure 1.1 Oil Tanker Submarket Values 2012 & 2012-2022 CAGR ($bn, %)

Figure 1.2 Regional Oil Tanker Market Values 2012 ($bn)

Figure 1.3 Regional Oil Tanker Markets Forecast CAGR (%) 2012-2017, 2017-2022 & 2012-2022

Figure 2.1 Difference in Global Benchmark Oil Prices 2000-2010 ($/bbl)

Figure 2.2 Oil Imports for US, Europe, Japan and the Rest of the World 2000, 2005, 2010 (mmbbl/d)

Figure 2.3 Oil Imports for US, Europe, Japan and the Rest of the World 1980-2010 (mmbbl/d)

Figure 2.4 Regional Oil Imports 2010 (Million Tonnes)

Figure 2.5 Regional Oil Exports 1980-2010 (Thousand Barrels Per Day)

Figure 2.6 Regional Oil Exports and Re-exports 2010 (Million Tonnes, % Share)

Figure 2.7 Major Global Oil Trade Routes 2010 (Million Tonnes)

Figure 3.1 Global Oil Tanker Market Forecast 2012-2022 ($bn)

Figure 3.2 Global Oil Tanker Submarkets Share Forecast 2012 (%)

Figure 3.3 Global Oil Tanker Submarkets Share Forecast 2017 (%)

Figure 3.4 Global Oil Tanker Submarkets Share Forecast 2022 (%)

Figure 3.5 Global Oil Tanker Submarkets Forecast 2012-2022 ($bn)

Figure 3.6 Oil Tanker Supply, Demand and Surplus Capacity 1960-2022 (Million dwt, %)

Figure 3.7 The VLCC Oil Tanker Submarket Forecast 2012-2022 ($bn)

Figure 3.8 The VLCC Oil Orders, Deliveries, Scrapping, Scrapping Forecast & Existing Fleet 2000-2014 (KDWT)

Figure 3.9 New Build, 5 & 10 Years Old VLCC Oil Tanker Price 2007-2012 ($m)

Figure 3.10 Repurchase Value of 5-year Old Vessels 2009, 2010, 2011 By Type ($m)

Figure 3.11 VLCC, Suezmax & Aframax Spot Market Freight Rates 2009-2011 ($/Day)

Figure 3.12 The Suezmax Oil Tanker Submarket Forecast 2012-2022 ($bn)

Figure 3.13 Suezmax Oil Orders, Deliveries, Scrapping, Scrapping Forecast & Existing Fleet 2000-2014 (KDWT)

Figure 3.14 New Build, 5 & 10 Years Old Suezmax Oil Tanker Price 2007-2012 ($m)

Figure 3.15 The Aframax Oil Tanker Submarket Forecast 2012-2022 ($bn)

Figure 3.16 Aframax Oil Orders, Deliveries, Scrapping, Scrapping Forecast & Existing Fleet 2000-2014 (KDWT)

Figure 3.17 New Build, 5 & 10 Years Old Aframax Oil Tanker Price 2007-2012 ($m)

Figure 3.18 The Oil Product Tanker Submarket Forecast 2012-2022 ($bn)

Figure 3.19 Mid-Range Oil Product Tanker Orders, Deliveries, Scrapping, Scrapping Forecast & Existing Fleet 2000-2014 (KDWT)

Figure 3.20 New Build, 5 & 10 Years Old Mid-Range Oil Product Tanker Price 2007-2012 ($m)

Figure 3.21 The Panamax Oil Tanker Submarket Forecast 2012-2022 ($bn)

Figure 3.22 Panamax Oil Tanker Orders, Deliveries, Scrapping, Scrapping Forecast & Existing Fleet 2000-2014 (KDWT)

Figure 4.1 Regional Oil Tanker Markets Forecast 2012-2022 ($bn)

Figure 4.2 Regional Oil Tanker Market Share Forecast 2012 (%)

Figure 4.3 Regional Oil Tanker Market Share Forecast 2017 (%)

Figure 4.4 Regional Oil Tanker Market Share Forecast 2022 (%)

Figure 4.5 Asia Pacific Oil Tanker Market Share Forecast 2012, 2017 and 2022 (% Share)

Figure 4.6 Asia Pacific Oil Tanker Market Forecast 2012-2022 ($bn)

Figure 4.7 Regional Oil Consumption 1965-2010 (Million Tonnes per Annum)

Figure 4.8 Sources of Asia Pacific Oil & Petroleum Imports 2010 (Million Tonnes)

Figure 4.9 Oil Shipping Routes in the Asia Pacific (Map)

Figure 4.10 Grades of Asia Pacific Oil Consumption 1965-2010 (Kbbl/d)

Figure 4.11 Sources of Chinese Oil & Petroleum Imports 2010 (Million Tonnes)

Figure 4.12 Grades of Chinese Oil Consumption 1965-2010 (Kbbl/d)

Figure 4.13 Major Chinese Oil Tanker Terminals & Pipelines (Map)

Figure 4.14 Sources of Japanese Oil Imports 2010 (Million Tonnes)

Figure 4.15 Grades of Japanese Oil Consumption 1965-2010 (Kbbl/d)

Figure 4.16 Sources of Indian Oil Imports 2010 (Million Tonnes)

Figure 4.17 Destinations of Indian Oil Exports 2010 (Million Tonnes)

Figure 4.18 Major Indian Oil Ports (Map)

Figure 4.19 Sources of Singaporean Oil Imports 2010 (Million Tonnes)

Figure 4.20 Destinations of Singaporean Oil Exports 2010 (Million Tonnes)

Figure 4.21 Destinations of Australian Oil Exports 2010 (Million Tonnes)

Figure 4.22 Sources of Australian Oil Imports 2010 (Million Tonnes)

Figure 4.23 Australian Oil Import Terminals and Refineries (Map)

Figure 4.24 Sources of the Rest of Asia Pacific Oil Imports 2010 (Million Tonnes)

Figure 4.25 Destinations of the Rest of Asia Pacific Oil Exports 2010 (Million Tonnes)

Figure 4.26 The North American Oil Tanker Market Share Forecast 2012, 2017 and 2022 (% Share)

Figure 4.27 The North American Oil Tanker Market Forecast 2012-2022 ($bn)

Figure 4.28 Grades of North American Oil Consumption 1965-2010 (kbbl/d)

Figure 4.29 Destinations of US Oil Exports 2010 (Million Tonnes)

Figure 4.30 Sources of US Oil Imports 2010 (Million Tonnes)

Figure 4.31 US Crude Oil Stocks Excluding SPR 1982-2011 (Thousand Barrels)

Figure 4.32 Sources of Canadian Oil Imports 2010 (Million Tonnes)

Figure 4.33 Destinations of Canadian Oil Exports 2010 (Million Tonnes)

Figure 4.34 The Latin American Oil Tanker Market Share Forecast 2012, 2017 and 2022 (% Share)

Figure 4.35 The Latin American Oil Tanker Market Forecast 2012-2022 ($bn)

Figure 4.36 Destinations of Latin American (ex. Mexico) Oil Exports 2010 (Million Tonnes)

Figure 4.37 Sources of Latin American (ex. Mexico) Oil Imports 2010 (Million Tonnes)

Figure 4.38 Grades of Latin American Oil Consumption 1965-2010 (Kbbl/d)

Figure 4.39 Destinations of Mexican Oil Exports 2010 (Million Tonnes)

Figure 4.40 Sources of Mexican Oil Imports 2010 (Million Tonnes)

Figure 4.41 The European Oil Tanker Market Share Forecast 2012, 2017 and 2022 (% Share)

Figure 4.42 The European Oil Tanker Market Forecast 2012-2022 ($bn)

Figure 4.43 Sources of European Oil Imports 2010 (Million Tones)

Figure 4.44 Destinations of European Oil Exports 2010 (Million Tones)

Figure 4.45 Destinations of Norwegian Oil Exports 2010 (Million Tonnes)

Figure 4.46 Russian Oil & Gas Pipelines into Europe (Map)

Figure 4.47 The Eurasian Oil Tanker Market Share Forecast 2012, 2017 and 2022 (% Share)

Figure 4.48 The Eurasian Oil Tanker Market Forecast 2012-2022 ($bn)

Figure 4.49 Destination of Eurasian Oil Exports 2010 (Million Tonnes)

Figure 4.50 Major Russian Oil Terminals (Map)

Figure 4.51 The Middle Eastern Oil Tanker Market Share Forecast 2012, 2017 and 2022 (% Share)

Figure 4.52 The Middle Eastern Oil Tanker Market Forecast 2012-2022 ($bn)

Figure 4.53 Destination of Middle Eastern Oil Exports 2010 (Million Tonnes)

Figure 4.54 Grades of Middle Eastern Oil Consumption 1965-2010 (Kbbl/d)

Figure 4.55 Saudi Arabian Oil Ports (Map)

Figure 4.56 Destinations of Iranian Oil Exports 2011 (Million Tonnes, %)

Figure 4.57 Major Oil Ports in United Arab Emirates (Map)

Figure 4.58 Omani Oil Ports (Map)

Figure 4.59 The African Oil Tanker Market Share Forecast 2012, 2017 and 2022 (% Share)

Figure 4.60 The African Oil Tanker Market Forecast 2012-2022 ($bn)

Figure 4.61 Sources of African Oil Imports 2010 (Million Tonnes)

Figure 4.62 Destinations of North African Oil Exports 2010 (Million Tonnes)

Figure 4.63 Libyan Oil Terminals (Map)

Figure 4.64 Algerian Oil Terminals (Map)

Figure 4.65 Destinations of West African Oil Exports 2010 (Million Tonnes)

Figure 5.1 Regional Number of FPSOs in Operation at the End of 2011 (Ultra Deepwater, Deepwater,

<1,000 metres Depth)>Figure 5.2 Benchmark Crude Oil Prices & Bunker Fuel Price 2007-2012 ($/bbl)

Figure 8.1 Oil Tankers New Build Price 2002-2012 ($m)

Companies Listed

A&P Group Ltd.

Abu Dhabi National Oil Company (ADNOC)

Abu Dhabi National Tanker Company (ADNATCO)

ACIL Tasman

ACM Shipping Ltd.

ACM Shipping Plc.

Adani Shipping

AET Tanker Holdings

Agelet Tanker Chartering Ltd.

AHL Shipping Company

Aker Philadelphia Shipyard

Aker Solutions SA

Alaska Tanker Company

Algoma Tankers

Alterna Capital Partners

American Shipping Company

Ancora Investment Trust Inc.

Angelicoussis Shipping Group Limited

AP Møller Maersk

Apache Corporation

Arab Maritime Petroleum Transport Company (AMPTC)

Arab Shipbuilding and Repair Yard (ASRY)

Arctech Helosinki Shipyard

Arrow Energy

ASRY Group

Associated Maritime Company Ltd.

Athenian Sea Carriers Ltd.

Atlantic Marine

Australian Worldwide Exploration Ltd.

BAE Systems Southeast Shipyard

Bahrain National Oil Production Company

Baltic Fuel Company Ltd

Baltiysky Shipyard

Bass Strait Oil Company

Beach Petroleum Ltd.

Bejaia Mediterranean Terminal

Bernhard Schulte

BG Group Plc.

Bharat Petroleum Corporation

BHP Billiton Petroleum

Bolivarian Ports (Bolipuertos)

Bongaigaon Refinery & Petrochemicals Ltd.

Bordosplit Shipyard

BP Shipping

Braemar Seascope Ltd.

Brightoil Petroleum (Holdings) Ltd.

Brightoil Petroleum Group

Bunkerworld

Bureau Veritas

BW Group

Canadian Natural Resources

Carnarvon Petroleum Ltd.

Chandriz (Hellas) Inc.

Changjiang National Shipping Group Corporation

Chennai Petroleum Corporation Ltd.

Chevron Corporation

Chevron Shipping

China Harbour Engineering Company (CHEC)

China National Offshore Oil Corporation (CNOOC)

China Rongsheng Heavy Industries Group Holdings

China Shipbuilding Industry Corporation (CSIC)

China Shipping (Group) Company

China Shipping Development Co. Ltd.

Cilegon

Clarksons & Company Ltd.

Clarksons Plc.

Col Nigeria Ltd.

ConocoPhillips

ConocoPhillips Australia

Cosco Group

Cosmo Oil

Cue Energy Resources Ltd.

Daewoo Shipbuilding and Marine Engineering (DSME)

Dalian Shipbuilding Industry Corporation

Damen Shipyards Group

Dargas Shipping Ltd.

Det Norske Veritas (DNV)

Devon Energy Corporation

DHT Holdings

DHT Maritime, Inc.

Dong Energy

Dung Quat Shipyard Company

Dynacom Tankers Management Ltd.

E.A. Gibsons Shipbrokers Ltd.

Eagle Bulk Shipping

Egyptian General Petroleum Corporation (EGPC)

El Nasr Petroleum Company

Enbridge

Energy Transfer Partners LP

Enersa

Engen Petroleum Limited

Eni

Entreprise Portuaire de Bejaia (EPB)

Ernst Jacob (GmbH & Co KG)

Euronav NV

Excel Maritime Cruisers

Exxon Neftgas Ltd.

ExxonMobil

ExxonMobil Australia

Fearnley Consultants & Fernresearch

Federated Co-op

First Australian Resources

Frontline 2012

Frontline Ltd.

Galbraith's Ltd.

Galp Energia

Gazprom

Gazprombank

GC Tankers

Gemadept

Genel Denizcilik Nakliyati AS

General Maritime Corporation

General National Maritime Transport Company (Libya)

Great Eastern Shipping

Gulf of Suez Petroleum Company

Hanjin Heavy Industries

Hanjin Subic Yard

Helder Line

Hess

Hin Leong

Hindustan Petroleum Corporation

Hitachi Zosen Corporation

Hong Kong Ming Wah Shipping Co. Ltd.

Horizon Lines

Horizon Shipbuilding

Hunt oil

Husky

Hyuk Shin Machinery Co. Ltd.

Hyundai Heavy Industries

Hyundai Merchant Marine

Hyundai Mipo Dockyard (HMD)

Hyundai Samho Heavy Industries

Idemitsu Kosan Co. Ltd.

Imperial Oil

Independent Tankers Corporation Limited

Indian Oil Corporation

Indian Oil Group

Ingalls Shipbuilding

INPEX

Intrepid Shipping

Iran Marine Industrial Co. (Sadra)

Iranian Offshore Oil Company

Iranian Oil Tanker Company

Iraqi Oil Tanker Company

Irving Oil

ITOCHU

Jang Su New Century Shipbuilding

Japan Energy Development Corporation

Japanese Petroleum Exploration Co. Ltd. (Japex)

Jinhai Heavy Industry Co. Ltd.

Jinhaiwan Shipyard Co. Ltd.

Jinling Shipyard

JM Maritime Investment

JX Nippon Oil and Gas

Kambara Kisen Co., Ltd.

Kawasaki Dockyard Co., Ltd.

Kawasaki Heavy Industries

Kawasaki Plant Systems, Ltd.

Kawasaki Precision Machinery Limited

Kawasaki Shipbuilding Corporation

KazMorTransFlot (KMTF)

KazMunaiGas (KMG)

Keppel Offshore & Marine

Keppel Verolme B.V.

Kerr-McGee

Kinder Morgan Terminals

Knightsbridge Tankers

Kontur LLC.

Korea National Oil Corporation (KNOC)

Kosmos Energy

Krasnoye Sormovo Shipyard

Kristen Navigation Inc.

Kufpec Australia

Kuwait Oil Tanker Company (KOTC)

Kuwait Petroleum Corporation (KPC)

Lloyd's List

Lloyd's Market Association (LMA)

Lukoil

Maersk AS

Magellan Petroleum Australia

Malaysian International Shipping Corporation (MISC) Berhad

Malta Shipyards Ltd.

Manado

Maran Tankers Management Inc.

Marex Spectron Group Ltd.

Mid-Ocean Marine

Minerva Marine

Ming Wah Shipping Co, Ltd.

Mini-Tankers

Mitsubishi

Mitsubishi Heavy Industries

Mitsui

Mitsui Engineering & Shipbuilding Co Ltd

Mitsui OSK Lines (MOL)

Mitsui USA Inc.

Mosaic Oil

Namura Shipbuilding Co Ltd

Nantong Mingde Heavy Stock

National Chemical Carriers

National Iranian Oil Company (NIOC)

National Iranian Tanker Company

National Oil Company (NOC)

National Shipping Corporation of Saudi Arabia (NSCSA)

National Thai Oil Company PTT

Naval Gijon S.A.

NewLead Holding

Newport Shipyard

Nigerian National Petroleum Corporation (NNPC)

Nippon Oil

NITC Company

Nordea Bank

Nordic American Tankers

Northrop Grumman Corporation

Novoship Group

Oak Maritime Group

Oaktree Capital Management

OAO Sovcomflot

OAO United Shipbuilding Corporation

Ocean Bunkering Services

Ocean Shipholdings Inc.

Ocean Tankers Pte

Odfjell

Oil Search Ltd.

Oiltanking Company

OMV Australia pty Ltd.

Origin Energy

Overseas Shipholding Group

Palmali Group

Partex

Pertamina

Petroanzoategui

Petrobel

Petrobras

Petrocedeno

Petrochemicals Ltd.

Petroci Overseas

Petrodar Operating Company

Petroguin

Petroleos de Venezuela Marina

Petróleos de Venezuela, S.A. (PdVSA)

Petróleos Mexicanos (Pemex)

Petroleum Development Oman (PDO)

Petroliam Nasional Berhad (PETRONAS)

Petromonagas

Petropiar

Petroplus

PetroSA

PetroVietnam Transportation

Philippine National Oil Company

Polar Tankers

Premier Oil

President Marine

PT Berlian Laju Tanker

PT Daya Radar Utama

PT Dok dan Perkapalan Surabaya

PT Dumas Tanjung Perak Shipyard

PT PAL Indonesia

PTT Public Company Limited

Queiroz Galvao

Reederei Nord

Reliance Industries Limited

Reliance Petroleum Limited

Repsol

Repsol YPF

ROC Oil Company

Rongshen Heavy Industries

Rosneft

Rosneft Marine

Rosneft-Nakhodkanefteprodukt

Royal Dutch Shell

Russian Admiralty Shipyard

Sakhalin Oil and Gas Development Company

Samos Steamship

Samsung Heavy Industries

Santos

Sasebo Heavy Industries

Sasol

Saudi Aramco

SCF Marpetrol S.A.

Scheldepoort B.V.

Scorpio Tankers

Sea River Maritime Inc.

Sembawang Shipyard Pte Ltd.

Sembcorp Marine

Shanghai North Sea Shipping Co., Ltd.

Shell Deutschland Oil GmbH

Shell Petroleum Development Company

Shell Trading & Shipping

ShipConstructor Software Inc.

Shipping Corporation of India (SCI) Ltd.

Simpson Spence & Young Ltd.

Singapore Petroleum Company

Singapore Refining Company

Singaporean Portek

Sinopec Kantons Holdings Limited

Sinotrans Shipping Ltd.

SK Energy

Societe de Raffinage de Dunkerque

Societe des Petroles du Senegal (Petrosen)

Sonatrach

Soon Fong Shipping PTE, Ltd

Sovcomflot

Sovcomflot Cyprus Ltd.

Sovcomflot UK Ltd

Stasco Ship Management

State Oil Company of Azerbaijan Republic (SOCAR)

Statoil

Stena Bulk

Sterling Energy

Strike Energy

Strusim Structures & Simulation

Stuart Petroleum Ltd.

STX Finland

STX Offshore & Shipbuilding

Sumitomo

Summa Group

Sun Shipbuilding & Dry Dock Company

Suncor Energy

Sungdong Shipbuilding and Marine Engineering

Surabaya

Svenska Petroleum Exploration

Tanker Pacific

Tankers International

Tap Oil Ltd.

Technip USA

Teekay Corporation

Teekay Offshore

Teekay Shipping Corporation

Tengizchevroil

The Bahrain Petroleum Company

Thenamaris

ThyssenKrupp

TNK-BP

Torm

Total

TPAO

TransCanada

Transneft

Tri Star Petroleum

Tsakos Energy Navigation

Tsuneishi Shipbuilding

Tuas Terminal

Tullow Oil

Ultramar

Unicom Management Services Ltd.

United Industrial Corporation

United Shipbuilding Corporation

Univan Ship Management Ltd.

Universal Cargo Logistics BV

Universal Shipbuilding Corporation

Universal Terminal

Vale China

Vanco Energy Company

Vela International Marine Ltd.

Vergos Marine Management S.A.

VF Tanker-Invest

VIBA Oil Company

Victoria Petroleum NL.

Vietnam National Shipping Lines

Viktor Lenac Shipyard

Vinashin Lines

Vitol Tank Terminals International (VTTI)

Volga-Baltic Logistics Holding

Wah Kwong Ship Management Ltd.

Wilhelmsen Group

Wilhelmsen Ship Management d.o.o.

Xcel Oil Ltd.

Yasa Shipping Industries & Trading

Yundai-Vinashin Shipyard

ZAO Rosnefteflot

Zebec Marine Consultants and Services

Zwitina Oil Company

Government Agencies and Other Organisations Mentioned in This Report

British Geological Survey

Bureau of Ocean Energy Management (BOEM)

European Maritime Safety Agency (EMSA)

European Port State Control

European Union

Federal Reserve

Indian Ministry of Shipping and Transport

International Association of Independent Tanker Owners (INTERTANKO)

International Energy Agency (IEA)

International Marine Organisation

International Maritime Organisation (IMO)

International Tanker Owners Pollution Federation Limited (ITOPF)

Iraq Oil Ministry

Maritime Research Institute Netherlands

Maritime Training Institute

Maritime Training Institute (MTI)

National Energy Board (Canada)

Oil & Petroleum Exporting Countries (OPEC)

Royal Institute of Naval Architects

Statistics Norway

Suez Canal Authority (SCA)

The London Tanker Brokers' Panel

The Ship Valuation Panel

The Worldscale Association

UAE Minister of Energy

US Army Corps of Engineers

US Coast Guard

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Wed, 02 May 2012 13:19:08 +0000

PR Newswire

HOUSTON, May 2, 2012 /PRNewswire/ -- Endeavour International Corporation (NYSE: END) (LSE: ENDV) today reported first quarter 2012 net loss, as adjusted of $15.4 million compared to $12.9 million for the same quarter of 2011. On a GAAP basis, net loss for the first quarter of 2012 was $35.3 million as compared to net loss of $7.5 million for the same quarter in 2011. Volumes for the first quarter 2012 averaged approximately 4,200 barrels of oil equivalent per day ("boepd").

Business highlights include:

North Sea:
- At Bacchus, production at the first well commenced with an initial flow rate of approximately 6,000 gross barrels of oil per day ("bopd")
- The semisubmersible rig, the Diamond Ocean Nomad, is scheduled to arrive in May to begin drilling the first of two planned Rochelle development wells
North Sea Acquisition:
- Discussions continue between ConocoPhillips and the Alba partners, along with Endeavour, concerning the closing requirements for the Alba Field transaction. Endeavour believes progress is being made and is hopeful a resolution will be forthcoming soon
U.S. Onshore:
- One gross Haynesville well was brought on production during the quarter
- U.S. net production averaged 18.5 million cubic feet of gas equivalent per day (MMCFe/D) for the first quarter
Finance:
- Completed the sale of $500 million of Senior Notes due 2018 to fund the North Sea acquisition and retire the Senior Term Loan
- On April 12, 2012, the Company entered into a new $100 million revolving credit agreement and borrowed $40 million under the facility to supplement operating funds primarily in replacement of the $32 million escrowed in March to secure a previously existing letter of credit

"We are focused on three priorities this year," said William L. Transier, chairman, chief executive officer and president. "Those priorities are the completion of the development projects at Bacchus and Rochelle, as well as the finalization of the North Sea acquisition. We have already completed the high-yield debt offering to fund the acquisition and repay our first lien debt. In the near-term, there is nothing more important than completing these priorities that we, as a management team, can do to impact shareholder value."

Operational Update

United Kingdom

At the Bacchus field in Block 22/06a in the Central North Sea, drilling at the first of three planned development wells is complete. The first well is on production with initial flow rates, for the first five days, of approximately 6,000 gross bopd. Drilling of the second well began on April 20, 2012 and is expected to be on production early in the third quarter. The top-hole sections of all three wells were drilled to approximately 1,000 feet in 2011.

At Rochelle the contracted drilling rig, the Diamond Ocean Nomad, is scheduled to arrive in May to drill the first of two planned development wells. Modifications to the Scott Platform, the off-take solution for the Rochelle development, are continuing as planned. The pipeline fabrication is completed and installation on the seabed floor is scheduled to commence in the third quarter. The Rochelle development continues on schedule for first production in the fourth quarter of 2012. Endeavour is operator and holds a 44% ownership interest in the Rochelle development which is comprised of Blocks 15/26b, 15/26c and 15/27.

North Sea Acquisition

The Company is working to close the North Sea acquisition. Completion of the Alba field transfer has been delayed due to the efforts of certain of the co-venturers who seek an agreement on the handling of future decommissioning costs, which was neither under discussion by the co-venturers at the execution of the purchase and sale agreement, nor is it required as a condition of closing. As a current owner in Alba field, Endeavour believes it is the best interest of all parties to deal with future decommissioning plans and associated costs prudently in time, but proceed to closing the Alba transaction immediately. ConocoPhillips and Endeavour have proposed a solution to the Alba co-venturers who are considering the proposal. At this time, the resolution of this process is not clear. We believe the failure to close under these circumstances would be detrimental to the U.K. North Sea oil and gas business generally, the Alba co-venturers and the Company.

If the Alba co-venturers do not reach a consensus and the transaction does not close or other alternatives arranged, the Company would be required to redeem the 2018 Notes, including penalties and interest, which is more than the net proceeds from the offering now in escrow. In addition, the Company would be required to repay the $40 million of outstanding borrowings under its new revolving credit facility. There can be no assurance that the Company will have the necessary cash or will be able to obtain the necessary financing to fund these repayments.

United States Onshore

During the first quarter, the Company brought one Haynesville well on production and drilled a second well. The completion of the second well was deferred and there is currently no drilling activity going on in the U.S. Net daily production averaged 18.5 MMCFe/D for the first quarter.

In the Heath Shale tight oil play, the Company and its partners are finishing the core and log data analysis from four vertical pilot wells. Endeavour will target horizontal re-entry zones in the pilot wells to be tested later this year.

Finance

On February 23, 2012, Endeavour closed the private placement of $500 million aggregate principal amount of the 2018 Notes, priced at 96% of par. The Company intends to use the net proceeds from the 2018 Notes to fund the North Sea acquisition, to repay all amounts outstanding under the Senior Term Loan due 2013 and for general corporate purposes. Prior to the closing of the acquisition in the North Sea, the net proceeds of the offering are held in an escrow account and reflected as restricted cash on the balance sheet.

On April 12, 2012, the Company entered into a $100 million revolving credit agreement and borrowed $40 million under the facility to supplement operating funds primarily in replacement of the $32 million of funds required by a bank to be escrowed to cash collateralize an existing letter of credit. The Company is actively engaged in replacing this letter of credit with another bank. The remainder of the revolving credit facility is available on the closing of the Alba field acquisition.

Earnings Conference Call, Wednesday, May 2, 2012 at 9:00 a.m., Central Daylight Time, 3:00 p.m. British Summer Time

Endeavour International will host a conference call and web cast to discuss its 2012 first quarter financial and operating results on Wednesday, May 2, 2012 at 9 a.m. Central Daylight Time, 3 p.m. British Summer Time. To participate and ask questions during the conference call, dial the local country telephone number and the confirmation code 4222627. The toll-free numbers are +1-888-228-5293 in the United States and +0-808-101-1402 in the United Kingdom. Other international callers should dial +1-913-312-1301(tolls apply). To listen only to the live audio web cast access Endeavour's home page at www.endeavourcorp.com. A replay will be available beginning at 12:00 p.m. Central Daylight Time on May 2, 2012 through 12:00 p.m. on May 9, 2012 by dialing toll free +1-888-203-1112 (U.S.) or +1-719-457-0820 (international), confirmation code 4222627.

Endeavour International Corporation is an oil and gas exploration and production company focused on the acquisition, exploration and development of energy reserves in the North Sea and the United States. For more information, visit www.endeavourcorp.com.

Additional information for investors:

Certain statements in this news release should be regarded as "forward-looking" statements within the meaning of the securities laws. These statements speak only as of the date made. Such statements are subject to assumptions, risk and uncertainty. Actual results or events may vary materially.

The Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose not only proved reserves, but also probable reserves and possible reserves that meet the SEC's definitions for such terms, and price and cost sensitivities for such reserves, and prohibits disclosure of resources that do not constitute such reserves. We use may use certain terms in our news releases, such as "reserve potential," that the SEC's guidelines strictly prohibit us from including in filings with the SEC. These estimates are by their nature more speculative than estimates of proved, probable and possible reserves and accordingly are subject to substantially greater risk of being actually realized. In addition, we do not represent that the probable or possible reserves described herein meet the recoverability thresholds established by the SEC in its new definitions. Investors are urged to also consider closely the disclosure in our filings with the SEC, available from our website at www.endeavourcorp.com. Endeavour is also subject to the requirements of the London Stock Exchange and considers the disclosures in this release to be appropriate and/or required under the guidelines of that exchange.


Endeavour International Corporation Condensed Consolidated Balance Sheets (Unaudited) (Amounts in thousands)

		March 31,		December 31,
		2012		2011

Assets
Current Assets:
Cash and cash equivalents	$	18,186	$	106,036
Restricted cash		493,434		-
Accounts receivable		13,594		8,649
Prepaid expenses and other current assets		25,335		18,840
Total Current Assets		550,549		133,525

Property and Equipment, Net		593,973		549,196
Goodwill		211,886		211,886
Other Assets		48,347		30,384

Total Assets	$	1,404,755	$	924,991

Liabilities and Stockholders' Equity
Current Liabilities:
Accounts payable	$	102,970	$	62,275
Current maturities of debt		14,850		12,350
Accrued expenses and other		14,147		20,549
Total Current Liabilities		131,967		95,174


Long-Term Debt
2018 Notes, net of debt discount		480,000		-
Other long-term debt		456,090		455,028
Total long-term debt		936,090		455,028
Deferred Taxes		106,745		115,759
Other Liabilities		66,235		61,248
Total Liabilities		1,241,037		727,209

Commitments and Contingencies

Series C Convertible Preferred Stock		43,703		43,703

Stockholders' Equity		120,015		154,079

Total Liabilities and Stockholders' Equity	$	1,404,755	$	924,991




Endeavour International Corporation Condensed Consolidated Statement of Operations (Unaudited) (Amounts in thousands, except per share data)


			Three Months Ended
			March 31,
			2012		2011
Revenues			$	15,166	$	14,104

Cost of Operations:
	Operating expenses			4,898		5,041
	Depreciation, depletion and amortization			7,906		6,323
	Impairment of oil and gas properties			15,740		-
	General and administrative			5,323		4,713
	Total Expenses			33,867		16,077

Loss From Operations				(18,701)		(1,973)

Other Income (Expense):
	Derivatives:
		Unrealized gains (losses)		(4,779)		4,464
	Interest expense
		Interest expense related to the 2018 Notes		(6,653)		-
		Other interest expense		(13,054)		(12,523)
		Total interest expense		(19,707)		(12,523)
	Interest income and other			(2,668)		(139)
Total Other Expense				(27,154)		(8,198)

Loss Before Income Taxes				(45,855)		(10,171)

Income Tax Benefit				(10,593)		(2,714)
Net Loss				(35,262)		(7,457)
Preferred Stock Dividends				456		545

Net Loss to Common Stockholders			$	(35,718)	$	(8,002)

Net Loss per Common Share:
	Basic and Diluted		$	(0.94)	$	(0.30)

Weighted Average Number of Common Shares Outstanding:
	Basic and Diluted			37,854		26,750




Endeavour International Corporation Condensed Consolidated Statement of Cash Flows (Unaudited) (Amounts in thousands)

			Three Months Ended March 31,
			2012		2011
Cash Flows from Operating Activities:
	Net loss		$	(35,262)	$	(7,457)
	Adjustments to reconcile net loss to net cash
		used in operating activities:
		Depreciation, depletion and amortization		7,906		6,323
		Impairment of oil and gas properties		15,740		-
		Deferred tax benefit		(9,014)		(2,182)
		Unrealized (gains) losses on derivatives		4,779		(4,464)
		Amortization of non-cash compensation		1,559		875
		Amortization of loan costs and discount		3,669		3,916
		Non-cash interest expense		3,528		3,031
		Other		1,894		2,602
		Changes in operating assets and liabilities		(15,950)		(18,066)
Net Cash Used in Operating Activities				(21,153)		(15,422)

Cash Flows From Investing Activities:
	Capital expenditures			(23,242)		(20,148)
	Acquisitions			(8,017)		(20,964)
	Increase in restricted cash			(493,434)		(1,295)
Net Cash Used in Investing Activities				(524,693)		(42,407)

Cash Flows From Financing Activities:
	Repayments of borrowings			(588)		(5,400)
	Borrowings under debt agreements, net of debt discount			480,000		-
	Financing costs related to the 2018 Notes			(21,005)		-
	Other financing costs paid			-		(583)
	Proceeds from issuance of common stock			-		116,822
	Dividends paid			(416)		(506)
	Other financing			5		375
Net Cash Provided by Financing Activities				457,996		110,708

Net Increase (Decrease) in Cash and Cash Equivalents				(87,850)		52,879
Cash and Cash Equivalents, Beginning of Period				106,036		99,267

Cash and Cash Equivalents, End of Period			$	18,186	$	152,146




Endeavour International Corporation Operating Statistics (Unaudited)

				Three Months Ended
				March 31,
				2012		2011
Sales volume (1)
	Oil and condensate sales (Mbbls):
		United Kingdom		96		100
		United States		1		2
		Total		97		102

	Gas sales (MMcf):
		United Kingdom		21		44
		United States		1,677		965
		Total		1,698		1,009

	Oil equivalent sales (MBOE)
		United Kingdom		100		108
		United States		280		162
		Total		380		270

	Total BOE per day			4,174		3,001

Physical production volume (BOE per day) (1)
		United Kingdom		893		1,307
		United States		3,081		1,885
		Total		3,974		3,192

Realized Price, before and after derivatives
	Oil and condensate price ($ per Bbl)		$	116.99	$	98.79
	Gas price ($ per Mcf)		$	2.25	$	4.00
	Equivalent oil price ($ per BOE)		$	39.92	$	52.22


(1)	We record oil revenues using the sales method, i.e. when delivery has occurred. Physical production may differ based on the timing of tanker liftings for international sales. We use the entitlements method to account for sales of gas production.



Endeavour International Corporation Reconciliation of GAAP to Non-GAAP Measures (Unaudited) (Amounts in thousands)

As required under Regulation G of the Securities Exchange Act of 1934, provided below are reconciliations of net income (loss) to the following non-GAAP financial measures: net income, as adjusted and Adjusted EBITDA. We use these non-GAAP measures as key metrics for our management and to demonstrate our ability to internally fund capital expenditures and service debt. The non-GAAP measures are useful in comparisons of oil and gas exploration and production companies as they exclude non-operating fluctuations in assets and liabilities.



	Three Months Ended
	March 31,
	2012		2011
Net loss	$	(35,262)	$	(7,457)
Impairment of oil and gas properties (net of tax) (1)		15,740		-
Unrealized (gain) loss on derivatives (net of tax) (2)		4,148		(5,469)

Net Loss as Adjusted	$	(15,374)	$	(12,926)

Net loss	$	(35,262)	$	(7,457)
Unrealized (gain) loss on derivatives		4,779		(4,464)
Net interest expense		19,651		12,418
Depreciation, depletion and amortization		7,906		6,323
Impairment of oil and gas properties		15,740		-
Income tax (benefit)		(10,593)		(2,714)

Adjusted EBITDA	$	2,221	$	4,106


(1)	Since the impairments related to U.S. oil and gas properties, we recognized no tax benefits as there was no assurance that we could generate any U.S. taxable earnings.
(2)	Net of tax benefit of $631 and $1,006, respectively.

Wed, 02 May 2012 12:01:00 +0000

PR Newswire

Business highlights include:

North Sea:
- At Bacchus, production at the first well commenced with an initial flow rate of approximately 6,000 gross barrels of oil per day ("bopd")
- The semisubmersible rig, the Diamond Ocean Nomad, is scheduled to arrive in May to begin drilling the first of two planned Rochelle development wells
North Sea Acquisition:
- Discussions continue between ConocoPhillips and the Alba partners, along with Endeavour, concerning the closing requirements for the Alba Field transaction. Endeavour believes progress is being made and is hopeful a resolution will be forthcoming soon
U.S. Onshore:
- One gross Haynesville well was brought on production during the quarter
- U.S. net production averaged 18.5 million cubic feet of gas equivalent per day (MMCFe/D) for the first quarter
Finance:
- Completed the sale of $500 million of Senior Notes due 2018 to fund the North Sea acquisition and retire the Senior Term Loan
- On April 12, 2012, the Company entered into a new $100 million revolving credit agreement and borrowed $40 million under the facility to supplement operating funds primarily in replacement of the $32 million escrowed in March to secure a previously existing letter of credit

Operational Update

United Kingdom

North Sea Acquisition

United States Onshore

Finance

Earnings Conference Call, Wednesday, May 2, 2012 at 9:00 a.m., Central Daylight Time, 3:00 p.m. British Summer Time

Endeavour International will host a conference call and web cast to discuss its 2012 first quarter financial and operating results on Wednesday, May 2, 2012 at 9 a.m. Central Daylight Time, 3 p.m. British Summer Time. To participate and ask questions during the conference call, dial the local country telephone number and the confirmation code 4222627. The toll-free numbers are 888-228-5293 in the United States and 0-808-101-1402 in the United Kingdom. Other international callers should dial 913-312-1301(tolls apply). To listen only to the live audio web cast access Endeavour's home page at www.endeavourcorp.com. A replay will be available beginning at 12:00 p.m. Central Daylight Time on May 2, 2012 through 12:00 p.m. on May 9, 2012 by dialing toll free 888-203-1112 (U.S.) or 719-457-0820 (international), confirmation code 4222627.

Additional information for investors:

The Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose not only proved reserves, but also probable reserves and possible reserves that meet the SEC's definitions for such terms, and price and cost sensitivities for such reserves, and prohibits disclosure of resources that do not constitute such reserves. We use may use certain terms in our news releases, such as "reserve potential," that the SEC's guidelines strictly prohibit us from including in filings with the SEC. These estimates are by their nature more speculative than estimates of proved, probable and possible reserves and accordingly are subject to substantially greater risk of being actually realized. In addition, we do not represent that the probable or possible reserves described herein meet the recoverability thresholds established by the SEC in its new definitions. Investors are urged to also consider closely the disclosure in our filings with the SEC, available from our website at www.endeavourcorp.com. Endeavour is also subject to the requirements of the London Stock Exchange and considers the disclosures in this release to be appropriate and/or required under the guidelines of that exchange.

Endeavour International Corporation Condensed Consolidated Balance Sheets (Unaudited) (Amounts in thousands)

		March 31,		December 31,
		2012		2011

Assets
Current Assets:
Cash and cash equivalents	$	18,186	$	106,036
Restricted cash		493,434		-
Accounts receivable		13,594		8,649
Prepaid expenses and other current assets		25,335		18,840
Total Current Assets		550,549		133,525

Property and Equipment, Net		593,973		549,196
Goodwill		211,886		211,886
Other Assets		48,347		30,384

Total Assets	$	1,404,755	$	924,991

Liabilities and Stockholders' Equity
Current Liabilities:
Accounts payable	$	102,970	$	62,275
Current maturities of debt		14,850		12,350
Accrued expenses and other		14,147		20,549
Total Current Liabilities		131,967		95,174


Long-Term Debt
2018 Notes, net of debt discount		480,000		-
Other long-term debt		456,090		455,028
Total long-term debt		936,090		455,028
Deferred Taxes		106,745		115,759
Other Liabilities		66,235		61,248
Total Liabilities		1,241,037		727,209

Commitments and Contingencies

Series C Convertible Preferred Stock		43,703		43,703

Stockholders' Equity		120,015		154,079

Total Liabilities and Stockholders' Equity	$	1,404,755	$	924,991



Endeavour International Corporation Condensed Consolidated Statement of Operations (Unaudited) (Amounts in thousands, except per share data)


			Three Months Ended
			March 31,
			2012		2011
Revenues			$	15,166	$	14,104

Cost of Operations:
	Operating expenses			4,898		5,041
	Depreciation, depletion and amortization			7,906		6,323
	Impairment of oil and gas properties			15,740		-
	General and administrative			5,323		4,713
	Total Expenses			33,867		16,077

Loss From Operations				(18,701)		(1,973)

Other Income (Expense):
	Derivatives:
		Unrealized gains (losses)		(4,779)		4,464
	Interest expense
		Interest expense related to the 2018 Notes		(6,653)		-
		Other interest expense		(13,054)		(12,523)
		Total interest expense		(19,707)		(12,523)
	Interest income and other			(2,668)		(139)
Total Other Expense				(27,154)		(8,198)

Loss Before Income Taxes				(45,855)		(10,171)

Income Tax Benefit				(10,593)		(2,714)
Net Loss				(35,262)		(7,457)
Preferred Stock Dividends				456		545

Net Loss to Common Stockholders			$	(35,718)	$	(8,002)

Net Loss per Common Share:
	Basic and Diluted		$	(0.94)	$	(0.30)

Weighted Average Number of Common Shares Outstanding:
	Basic and Diluted			37,854		26,750



Endeavour International Corporation Condensed Consolidated Statement of Cash Flows (Unaudited) (Amounts in thousands)

			Three Months Ended March 31,
			2012		2011
Cash Flows from Operating Activities:
	Net loss		$	(35,262)	$	(7,457)
	Adjustments to reconcile net loss to net cash
		used in operating activities:
		Depreciation, depletion and amortization		7,906		6,323
		Impairment of oil and gas properties		15,740		-
		Deferred tax benefit		(9,014)		(2,182)
		Unrealized (gains) losses on derivatives		4,779		(4,464)
		Amortization of non-cash compensation		1,559		875
		Amortization of loan costs and discount		3,669		3,916
		Non-cash interest expense		3,528		3,031
		Other		1,894		2,602
		Changes in operating assets and liabilities		(15,950)		(18,066)
Net Cash Used in Operating Activities				(21,153)		(15,422)

Cash Flows From Investing Activities:
	Capital expenditures			(23,242)		(20,148)
	Acquisitions			(8,017)		(20,964)
	Increase in restricted cash			(493,434)		(1,295)
Net Cash Used in Investing Activities				(524,693)		(42,407)

Cash Flows From Financing Activities:
	Repayments of borrowings			(588)		(5,400)
	Borrowings under debt agreements, net of debt discount			480,000		-
	Financing costs related to the 2018 Notes			(21,005)		-
	Other financing costs paid			-		(583)
	Proceeds from issuance of common stock			-		116,822
	Dividends paid			(416)		(506)
	Other financing			5		375
Net Cash Provided by Financing Activities				457,996		110,708

Net Increase (Decrease) in Cash and Cash Equivalents				(87,850)		52,879
Cash and Cash Equivalents, Beginning of Period				106,036		99,267

Cash and Cash Equivalents, End of Period			$	18,186	$	152,146



Endeavour International Corporation Operating Statistics (Unaudited)

				Three Months Ended
				March 31,
				2012		2011
Sales volume (1)
	Oil and condensate sales (Mbbls):
		United Kingdom		96		100
		United States		1		2
		Total		97		102

	Gas sales (MMcf):
		United Kingdom		21		44
		United States		1,677		965
		Total		1,698		1,009

	Oil equivalent sales (MBOE)
		United Kingdom		100		108
		United States		280		162
		Total		380		270

	Total BOE per day			4,174		3,001

Physical production volume (BOE per day) (1)
		United Kingdom		893		1,307
		United States		3,081		1,885
		Total		3,974		3,192

Realized Price, before and after derivatives
	Oil and condensate price ($ per Bbl)		$	116.99	$	98.79
	Gas price ($ per Mcf)		$	2.25	$	4.00
	Equivalent oil price ($ per BOE)		$	39.92	$	52.22

(1)

We record oil revenues using the sales method, i.e. when delivery has occurred. Physical production may differ based on the timing of tanker liftings for international sales. We use the entitlements method to account for sales of gas production.


	Three Months Ended
	March 31,
	2012		2011
Net loss	$	(35,262)	$	(7,457)
Impairment of oil and gas properties (net of tax) (1)		15,740		-
Unrealized (gain) loss on derivatives (net of tax) (2)		4,148		(5,469)

Net Loss as Adjusted	$	(15,374)	$	(12,926)

Net loss	$	(35,262)	$	(7,457)
Unrealized (gain) loss on derivatives		4,779		(4,464)
Net interest expense		19,651		12,418
Depreciation, depletion and amortization		7,906		6,323
Impairment of oil and gas properties		15,740		-
Income tax (benefit)		(10,593)		(2,714)

Adjusted EBITDA	$	2,221	$	4,106

(1)			Since the impairments related to U.S. oil and gas properties, we recognized no tax benefits as there was no assurance that we could generate any U.S. taxable earnings.
(2)			Net of tax benefit of $631 and $1,006, respectively.

SOURCE Endeavour International Corporation

Tue, 01 May 2012 16:33:18 +0000

PR Newswire

HARRISBURG, Pa., May 1, 2012 /PRNewswire-USNewswire/ -- Delta Air Lines announced today that its wholly-owned subsidiary Monroe Energy, LLC has agreed to acquire ConocoPhillips' Delaware County complex that includes pipelines and transportation for the delivery of jet fuel to Delta's operations throughout the Northeast.

As much of Southeastern Pennsylvania fell under a damp and dreary day, Pennsylvania AFL-CIO President Rick Bloomingdale remarked, "I see blue skies ahead," when discussing the breaking news regarding the sale and continued operation of the Trainer, PA oil refinery that was purchased today by Delta Airlines from ConocoPhillips.

"It's hard to imagine brighter news for the workers and the entire community surrounding the facility. We applaud all those involved in completing the deal that preserves more than 5,000 jobs at the Trainer facility and in related industries," said Bloomingdale.

"Like the mythical Phoenix, this refinery rises again to continue being an important economic staple of Southeastern Philadelphia," added Secretary-Treasurer Frank Snyder. "And it couldn't come at a more opportune time, as the recovery remains sluggish. This is a fine testament to the members of the first-class workforce who have dedicated much of their careers to operating a world-class refinery, represented by the United Steelworkers, complimented by the many building trades workers at the site."

SOURCE Pennsylvania AFL-CIO

Tue, 01 May 2012 15:49:31 +0000

PR Newswire

TRAINER, Pa., May 1, 2012 /PRNewswire-USNewswire/ -- Governor Tom Corbett today announced that commonwealth support will enable Delta Air Lines' wholly-owned subsidiary, Monroe Energy LLC, to acquire the ConocoPhillips refinery in Trainer, preserving hundreds of direct jobs and thousands of jobs in related industries.

"For several months, I have been actively engaged and working with ConocoPhillips and Delta officials, as have members of my cabinet, to maintain this facility as an active refinery and preserve jobs," Corbett said. "Our support of Monroe's acquisition will not only save more than 400 positions at the refinery complex, but will secure the jobs of more than 5,000 southeast Pennsylvanians who work in industries that rely on this refinery's active operation."

Monroe will receive a $30 million Opportunity Grant from the Department of Community and Economic Development for job creation and site improvements. Financial support is contingent upon the company investing at least $350 million at the project site, including acquisition costs, and employing at least 402 full-time workers on-site for at least five years from the date of occupancy.

In addition to direct jobs, an economic impact study conducted by the Department of Labor and Industry reported that every 100 direct jobs at the refinery support 1800 indirect jobs.

"Since day one, creating jobs has been a top priority of my administration. But it is equally important to continue supporting industries that already exist in the state," Corbett said. "Today marks an important win for the local community and the people of Pennsylvania."

Monroe expects to close on the acquisition in the first half of 2012. Jet fuel production is expected to begin during the third quarter, with infrastructure improvements being completed by the end of the third quarter. The company will invest $180 million to acquire the refinery and $100 million to convert the existing infrastructure to maximize jet fuel production. The planned upgrades will increase production from 185,000 barrels per day to 200,000.

The Trainer refinery complex sits on a 347-acre site within the boroughs of Trainer and Marcus Hook and the City of Chester. The facility has a crude oil capacity of 185,000 barrels per day, on-site storage capacity, and pipeline and barge access to the New York Harbor.

Gov. Corbett also thanked members of the Pennsylvania Congressional Delegation and the General Assembly for their support in moving this project forward. He especially thanked the Delaware County delegation and Delaware County Council for their partnership in this endeavor.

Media contact: Kelli Roberts, 717-783-1116

SOURCE Pennsylvania Office of the Governor

Tue, 01 May 2012 01:20:57 +0000

Endeavour International Corporation
Reconciliation of GAAP to Non-GAAP Measures
(Unaudited)
(Amounts in thousands)

As required under Regulation G of the Securities Exchange Act of 1934, provided below are reconciliations of net income (loss) to the following non-GAAP financial measures: net income, as adjusted and Adjusted EBITDA. We use these non-GAAP measures as key metrics for our management and to demonstrate our ability to internally fund capital expenditures and service debt. The non-GAAP measures are useful in comparisons of oil and gas exploration and production companies as they exclude non-operating fluctuations in assets and liabilities.

PR Newswire

Collaboration key to keeping facility operating

PITTSBURGH, April 30, 2012 /PRNewswire-USNewswire/ -- The United Steelworkers (USW) today hailed the cooperation of major stakeholders in making possible the sale and continued operation of the Trainer, Pa. oil refinery that was purchased today by Delta Airlines from ConocoPhillips.

(Logo: http://photos.prnewswire.com/prnh/20080131/DC12982LOGO )

"Retaining these good paying jobs was vital to the community," said USW International President Leo W. Gerard. "State government, the local union and the companies all worked together to accomplish make this happen.

"Our local leadership did a great job telling the public of this facility's importance. Governor Corbett made state assistance available and the buyers committed to investing $100 million beyond the purchase price for infrastructure improvements."

Delta Air Lines announced today that the wholly-owned subsidy, Monroe Energy LLC, has agreed to acquire the Delaware County complex that includes pipelines and transportation for the delivery of jet fuel to Delta's operations throughout the Northeast.

"It is a bold step by Delta to address increasing fuel costs by stepping up and forming a company," said USW International Vice President Gary Beevers. "The whole process was gut-wrenching, but the 5,000 jobs saved made it all worthwhile."

"We're very happy for this transaction and look forward to working with Monroe Energy's management," said USW Local 1210 President Denis Stephano. "We're a first-class workforce and this is a high-quality facility. We only regret that the Marcus Hook, Pa. facility was not part of the transaction."

The USW is the largest industrial union in North America and has 850,000 members in the U.S., Canada, and the Caribbean. It represents workers employed in metals, rubber, chemicals, paper, oil refining, renewable and atomic energy, plus the service sector.

FOR MORE INFORMATION, CONTACT:
Wayne Ranick (412) 562-2444
wranick@usw.org

SOURCE United Steelworkers (USW)