
Our strategy seeks to reinforce our position as a leader in the oil and gas industry in order to provide a competitive shareholder return while helping to meet global energy demand in a responsible way. Royal Dutch Shell (formerly Royal Dutch/Shell Group) sits on an oil and gas throne that is only slightly lower than that of #1 oil company Exxon Mobil. The company has worldwide proved reserves of 10.9 billion barrels of oil equivalent. Most of the oil giant's crude is produced in Nigeria, Oman, the UK, and the US. Royal Dutch Shell is also investing heavily in the Athabasca Oil Sands Project, which extracts bitumen from oil sands in Alberta and converts it to synthetic crude oil. It operates 45,000 gas stations, the world's largest retail fuel network. The company also produces refined products and chemicals, transports natural gas, trades gas and electricity, and develops renewable energy sources.

Sterling Energy plc was formed in October 2002 by the reversal of Sterling Energy Limited into Lepco plc, following which it was renamed Sterling Energy PLC. Oil and natural gas exploration and production company Sterling Energy is looking for sterling results from its operations in Africa (Cameroon, Gabon, Madagascar, and Mauritania) and the Middle East (Kurdistan). Sterling Energy has proved and probable reserves of more than 21.3 million barrels of oil equivalent. In 2009 Sterling Energy plc sold its interests in several producing gas fields in the Gulf of Mexico (where it also served as the operator for most of its projects) for $90 million, in order to focus on new opportunities on the African continent.

Resolute Energy Partners, with estimated net proved reserves of about 75.5 million barrels of oil, mostly light, sweet crude used in oil refinery blending operations, operates and partially owns oil wells in Utah. The company's assets include about 265 active and 220 water and carbon dioxide injected wells on land in the Greater Aneth Field. Resolute Energy Partners shares ownership of the oil field with Navajo Nation Oil and Gas Company (NNOG), since the Aneth Field sits on reservation land. The field was discovered in 1956 and is considered mature and long-lived, making its operation less risky than newer, unproved fields.

Holly Corporation, together with its subsidiaries, operates as a petroleum refiner in the United States. The company process sour crude oils into light petroleum products, including gasoline, diesel fuel, jet fuel, fuel oils, specialty lubricant products, gas oil/intermediates, carbon black oil, and liquid petroleum gas (LPG) and other products at its three refineries located in Artesia and Lovington, New Mexico; Woods Cross, Utah; and Tulsa, Oklahoma. It also manufactures and markets specialty and modified asphalt products from various terminals in Arizona, New Mexico, and Texas. In addition, the company owns interests in a 12-inch refined products pipeline project from Salt Lake City, Utah to Las Vegas, Nevada, together with terminal facilities in the Cedar City, Utah, and North Las Vegas areas. Further, it holds 34% interests in Holly Energy Partners, L.P., which owns and operates approximately 2,500 miles of petroleum product and crude oil pipelines located principally in west Texas and New Mexico; ten refined product terminals; a jet fuel terminal; four refinery loading rack facilities; a refined products tank farm facility; and on-site crude oil tanks at its refineries, an on-site refined product tankage at Tulsa refinery, and a 25% interest in a 95-mile crude oil pipeline joint venture. Holly Corporation markets its gasoline to other refiners, convenience store chains, independent marketers, and retailers; diesel fuel to other refiners, truck stop chains, wholesalers and railroads; jet fuel to military and commercial airlines; specialty lubricant products to commercial and specialty markets; asphalt to governmental entities or contractors; and LPGs to LPG wholesalers and LPG retailers, as well as carbon black oil for further processing or blended into fuel oil. The company offers its products primarily in the Southwestern, Rocky Mountain, and Mid-Continent regions of the United States. Holly Corporation was founded in 1947 and is based in Dallas, Texas.

Stratic Energy Corporation is a Canadian-incorporated international oil and gas company involved in the production, development, appraisal and exploration of hydrocarbons. Stratic Energy Corporation key interests are in the North Sea (UK and Dutch sectors) and Italy, with further interests in Turkey, Syria, Slovenia and Morocco. The oil and gas exploration independent identifies international exploration opportunities in high-impact oil patches that are either underdeveloped or in the early stages of exploration. Since its formation in 1997, Stratic has acquired very early exploration phase concessions, and then partnered with major oil companies to develop these prospects. Stratic has operations and interests in Morocco, Slovenia, Syria, Turkey, and the UK North Sea. All told, the company has proved and possible reserves of more than 19 million barrels of oil equivalent. To raise cash, in 2009 it agreed to sell its Italy-based gas assets to Enel.

Shell's Martinez Refinery, in operation since 1915, is both a pioneer and a pacesetter. Throughout its history, it has amassed a tradition of technical achievement, and is currently one of the most complex refineries in the world. Located 30 miles northeast of San Francisco on about 1,000 acres of land, Shell's Martinez Refinery combines state-of-the-art facilities and equipment to convert up to 165,000 barrels of crude oil a day into many useful products. These products include automotive gasoline, jet fuel, diesel, petroleum coke, industrial fuel oils, liquefied petroleum gas, asphalt, and sulfur.

Maxim Power's dictum is to generate electricity with minimal environmental impact. The independent power producer develops, acquires, owns, and operates 35 generation facilities in Canada, France, and the US. Maxim Power Corp. power plants are fueled by conventional fossil fuels and alternative energy technologies. Cumulatively, the plants have almost 790 MW of electric power and 137 MW of net thermal-generating capacity. Milner Power Limited Partnership, which operated a 144-MW power plant in Grande Cache, Alberta, acquired Maxim in a reverse takeover in 2005. In a move to expand its green power assets in Alberta, in 2009 Maxim agreed to acquire windpower developer EarthFirst Canada.

Now here's a company that pipes in the goods that keep the South fueled, naturally. Southern Natural Gas operates an 7,600-mile long natural gas pipeline (SNG System), which serves major markets across the southeastern US. This system transports more than 3 billion cu. ft. of natural gas per day. The SNG pipeline system has about 60 billion cu. ft. of underground working natural gas storage capacity. Major customers include Atlanta Gas Light Company, Alabama Gas, Southern Company, and SCANA. Southern Natural Gas is a part of El Paso Corporation's Pipeline Group.

Plains Exploration and Production Company was founded in 2002 and is based in Houston, Texas. Plains Exploration & Production Company engages in the acquisition, development, exploration, and production of oil and gas properties primarily in the United States. Plains Exploration and Production Company owns interests in various oil and gas properties located in the Onshore and Offshore California; the Gulf of Mexico; the Gulf Coast Region, including the Haynesville Shale and South and East Texas; the Mid-Continent Region; and the Rocky Mountains, as well as an interest in an exploration prospect offshore Vietnam. As of December 31, 2008, Plains Exploration and Production Company had proved reserves of approximately 292.1 million barrels of oil equivalent.

Oil refiner and marketer Shell Oil Products US and its sister company Motiva have the US covered. It operates refineries in the western US and markets petroleum products via Shell-branded outlets in the West and Midwest. Motiva does the same in the eastern US. Together Motiva (7,700 gas stations) and Shell Oil Products US (6,000 gas stations) form the #1 US gasoline retailing business. Motiva is a 50-50 joint venture with Saudi Aramco. Though the company has sold two of its refineries in this decade, Shell still operates four refineries throughout the country; Motiva has three of its own.
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