Petroleum Place is a leading provider of property Acquisition and Divestiture (A&D) services, business operations software and geospatial data solutions for the upstream oil and gas industry. The company offers comprehensive, integrated solutions specifically designed to help our clients more efficiently acquire, develop, manage, divest and account for oil and gas properties. We have more than 500 employees in six major office locations, including Houston, Denver, San Antonio, Ft. Worth, Calgary and Dubai. Our clients are national oil companies, integrated energy companies, independent exploration and production companies, royalty trusts, oilfield service companies and government entities. The Oil & Gas Asset Clearinghouse subsidiary, commonly known as “The Clearinghouse”, is the only oil and gas asset marketing firm in North America offering both auction and negotiated transaction services. We offer a unique hybrid marketing approach which combines an open-outcry auction with a proprietary Internet bidding platform to create the industry’s largest marketplace for oil and gas properties. In addition, The Clearinghouse provides advisory and marketing services for assets grouped into packages and offered for sale as negotiated transactions. Our transaction services include in-depth technical and commercial evaluations conducted by The Clearinghouse’s engineers and geoscientists in an effort to identify, quantify and present undeveloped reserve potential in a credible fashion. Buyers and sellers use our comprehensive suite of data management and technical services to more efficiently prepare properties for sale, conduct due diligence and complete transactions.

Marathon is a company that strives to bring value and values together. We create value for our shareholders and provide quality products and services for our customers. In doing so, we act responsibly toward those who work for us, the communities in which we operate and our business partners. Marathon's focus on adding profitable production to existing core areas (United States, Equatorial Guinea, Libya and the North Sea) and developing potential new core areas (Angola and Indonesia). Marathon's supply liquid hydrocarbons and natural gas to the growing world energy market. Worldwide production operations are currently focused in the U.S., Africa and Europe. The Company also holds ownership interests in both operated and non-operated oil sands leases in Canada that could be developed using in-situ methods of extraction.

BP wants to be recognized as a great organization – competitively successful and a force for progress. We have a fundamental belief that we can make a difference in the world. We help the world meet its growing need for heat, light and mobility. We strive to do that by producing energy that is affordable, secure and doesn’t damage the environment. BP is progressive, responsible, innovative and performance driven. BP operates globally according to a system of internal control that extends from corporate governance policies to detailed processes that are applied in our operations.

Glossary of terms used in the trading of oil and gas, utilities and mining commodities.

Trading of oil and gas, utilities and mining commodities has moved from being a contract-focused specialist activity to occupy a more centre stage role in the strategies of companies in these sectors. Energy market liberalisation, carbon markets, increased participation from investment banks and hedge funds, and greater interplay between physical, future, over the counter and exchange traders markets, have all added to the scope and complexity of commodities trading and risk management. This growth and dynamism brings with it a growing and changing language. Cross-commodity trading is also a new reality—from oil, gas, LNG, CO2 allowances, to coal, basic and precious metals and uranium—requiring familiarity with trading terminology among a wider range of professionals. Our glossary provides a comprehensive guide to the many expressions used. Like any guide to language it is, at times, intriguing and fascinating. An outsider coming across terms such as 'butterfly spread' and 'contango' might be forgiven for mistaking the world of energy trading for a summer meadow or an exotic dance. On the other hand, terms such as 'crack spread', 'slamming' and 'brown out' are likely to bring them firmly back down to earth.

In cooperation with the world’s largest natural gas producer, OAO Gazprom, we operate a second business sector, Natural Gas Trading, in addition to the exploration and production of oil and gas. We supply the German and European gas markets through several joint ventures. The biggest of them is WINGAS GmbH & Co. KG. For years, this company has achieved increases in sales that have consistently beaten average market growth. The long-distance network of WINGAS TRANSPORT, which is over 2,000 kilometers long, connects the natural gas markets in Germany and Western Europe with the natural gas infrastructure that stretches through Eastern Europe and the Russian Federation all the way to the gas wells in Siberia. In October 2007, BASF and Gazprom completed an exchange of company shares, which increased Gazprom’s interest in WINGAS GmbH & Co. KG from previously 35 to 50 percent less one share. In view of the continuing growth in joint tasks and to support the ever intensifying cooperation, WINGAS opened its own local office in Moscow in 2007.

European Gas Trading 2009

European gas trading volumes continued to grow in 2008 and the first half of 2009, especially in the Dutch and German markets. The UK market saw a slow-down during the financial crisis, and physical gas deliveries fell in almost all regions during winter 2008-09 as industrial demand declined.With the third legislative package now decided, Europe’s energy market regulators and transmission system operators are moving ahead with important new initiatives.Infrastructure projects are receiving a boost from national and EU responses to the curtailment of Russian gas supplies in January 2009.

Antonio Brufau opens Canada's first liquefied natural gas terminal !
Chairman Antonio Brufau today officially opened the Canaport LNG terminal in Canada, marking the completion of the first of ten key projects outlined in the company's 2008-2012 Strategic Plan. Brufau was accompanied by Kenneth Irving, Chairman of Irving Oil, and Shawn Graham, Premiere of New Brunswick. The terminal, built in association with Irving Oil, is the first of its kind to be built on the east coast of North America in 30 years and the first ever to be built in Canada. The 1 Bcf per day facility will provide supplies of natural gas to homes, businesses and industry in Canada and the northeast US. Repsol is the managing general partner of Canaport LNG with a 75% stake. Repsol has contracted for 100% of the plant's capacity. Repsol began selling gas in Northeast of the US in 2008.

Natural Gas
EDF Trading is a major participant in the European and US gas markets with a network of physical assets. It is active in offshore production, transportation, storage, and wholesale trading and has the ability to transact across all markets and offer customised products and complete solutions. Its assets include gas storage facilities, a large portfolio of long-term gas contracts, regasification capacity in Europe and the USA and LNG supply agreements. EDF Trading operates on all of Europe’s gas trading hubs in Belgium, France, Holland, UK, Germany, Switzerland, Spain, Italy and Ireland. EDF Trading is a leader in the wholesale natural gas markets for North America. It offers a full service, natural gas marketing operation with expertise in all segments of the natural gas industry.

Domestic Crude:

Sempra Energy Trading is a major market maker in the US mid-continent physical crude market with pricing alternatives either fixed or indexed to posted prices or NYMEX averages.

Refined Petroleum Products:

Sempra Energy Trading is active in all petroleum products supply and trading throughout Europe, Asia and the US. We partner with major refineries and utilities to satisfy their risk management requirements by the use of swaps, options and futures. We actively trade a complete range of products: condensates, naphtha, gasoline, jet fuel, heating oil and residual fuel oil.

North Sea Physical Trading:

Sempra Energy Trading ® participates in the actively traded North Sea crude oil markets, in particular, Brent BFO and its derivatives. To minimize exposure to market fluctuations, the Brent traders supply their customers with physical crude oil and a host of associated risk management products.

Derivatives:

Our Oil Derivatives Group develops strategies to aid customers in limiting their exposure to fluctuating oil prices. Our products cover everything from basic swaps to complex derivatives.

Trading means doing business. The term petroleum trading descrbies the financial operations associated with commerce in hydrocarbon cargoes. The organisation of this business is complex.All the major oil companies have trading subsidiaries. Their main objective is to ensure a regular supply of crude oil to their refineries, to meet the oil supply demands of the processing plant at any one time.

The Traders’ Role

The traders’ role is to purchase the oil that is necessary in terms of quality and quantity a little time in advance. But if we talk about selling, we automatically talk also about buying. A skilful trader can quite possibly buy a cargo of oil at a rather low price to quickly resell it at a profit, if others need the cargo more than he does and are ready to pay the price. So, it is not rare for a cargo of oil to change ownership during transport, sometimes several times: destined initially for the United States, it is purchased during transport by a refiner in Rotterdam in the Netherlands and finally finishes up at the Fos-sur-Mer refinery, which had a more pressing need for it. The trader also handles negotiations for the finished products produced by the refineries. And of course, if the company doesn’t need it for its own refineries, he handles the sale of crude oil that it owns. Traders buy and sell cargoes on a real market, organised on a worldwide basis; dealing in quantities of oil which exist physically and which are due to be transported shortly or are even already in transport. These markets are called spot-markets.

CORPS International Ltd.

CORPS Logistics is an international petroleum products trading facilitator, providing such logistical supply services worldwide, specialising in Central African countries, through CORPS Group incorporating CORPS International Ltd (England and Wales), and regionally through CORPS Lex Legis CC (South Africa). Through our alliances and affiliations with both South African and International Petroleum refineries, can CORPS Logistics assist you as the buyer to negotiate and supply your petroleum product needs in a correct, cost effective and timely manner. Regional supply services refer to petroleum products supply to countries within and directly surrounding South Africa. Regional petroleum supplies are managed from South Africa, and all products are supplied from South African refineries by road transportation means. International petroleum products supply is managed through CORPS Group UK affiliate, CORPS International Ltd, responsible for the supply of petroleum products from foreign refineries, to international destinations. Currently CORPS Logistics specialises in the supply of all types of petroleum products as required for use in the industrial, aviation and road transportation sectors to developing- and previously isolated destinations, specifically within the Central African region.

International Petroleum Trading.

While engaging in the regional trading of petroleum products prior to 1994, it then gradually improved its trading experience between the Caspian Sea and other CIS countries. In 2000, the company opened its doors to the international market and in 2001 it expanded and developed its trading of petroleum and petroleum products between the Caspian Sea and the Mediterranean. In 2002, a series of organizational decisions allowed the company to open offices in Singapore and London. With this objective, the company aims to place itself in the international petroleum community and to increase its knowledge and experience in the field.There are agreements with the international petroleum companies, which Intersun co-operates with and develops to increase their knowledge for further achievements. The Group's basic philosophy is to be loyal to partners and preferred long-term relationships, as this support the Company's future objectives.