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Words and expressions

global exploration

мировое исследование, разработка

production spending

затраты на проризводство

emphasis

внимание, ударение

semiannual

полугодовой

surveyed

проанализированные

boost in

повышение в, подъем

deteriorating

ухудшение

to be pronounced

быть резко выраженным

impact

влияние

relatively

относительно

decline

спад

to maintain interest

сохранить интерес

frontier

граница

transfer

передача в собственность

joint venture

совместное предприятие

to hike

внезапно подниматься

double-digit gain

двойная выручка

to moderate

сдерживать, уменьшать

substantial slowdown

существенное замедление

cash flow

движение денежной наличности

perception

восприятие

to respond

отвечать

crude

сырой, неочищенный

overwhelmingly

очень, чрезвычайно

bullish

играть на повышении

roughly

приблизительно, ориентировочно

Exercise 15. Imagine that you are an oil and gas analyst. Prepare a short report on the problems and perspectives in oil and gas industry development.

Exercise 16. Discuss the following with your partner before listening.

An embargo happens when a country stops trading with another. In 1973, there was an embargo on oil. What effects do you think this had on the world’s economies?

Listen and complete the notes.

1. After …………, industrial nations enjoyed economic growth.

2. They used huge amounts of .……….

3. A lot of oil came from countries in the ………….

4. The embargo began on the …………, 1973.

5. Prices of oil rose to …………times higher than before.

6. The New York Stock Exchange lost …………dollars in a few weeks.

7. The embargo ended in ………….

Exercise 17. Discuss the following points.

  1. What well-know foreign oil and gas companies have you heard of? Can you give any names? What countries were they set up? What countries do they operate in?

  2. What Russian oil and gas companies do you know? What regions of the country do they operate in? What are their main activities? Do you know any facts from their history?

Key words: global energy provider, listed company, shareholder, petroleum refining, drill bit, down hole tool, joint venture, lubricant, cost-cutting program, licence, stake, proven reserves.

Exercise 18. Read the text.

Total

Total at a Glance (2005 figures)

A global multi-energy provider

• World’s fourth-largest integrated listed oil and gas company

• Largest market capitalization on the Paris Bourse and the eurozone: ˆ130.5

billion at December 31, 2005

• 95, 000 employees (1)

• Operations in more than 130 countries

• Exploration and production operations in 41 countries

• Producer in 29 countries

• More than 500,000 shareholders

• 2005 sales: ˆ143.2 billion

Total’s operations span the entire oil and gas chain, from exploration, development and production to midstream gas, refining and marketing, and crude oil and petroleum product trading and shipping. Total is also a world-class chemicals producer, as well as having interests in coal mines, cogeneration and power generation. In addition, Total is helping to secure the future of energy through its commitment to developing renewable energies, such as wind, solar and photovoltaic power.

A leader in each of the core businesses: 2005 key indicators

• Exploration & Production: - Production: 2.49 million barrels of oil equivalent per day - Reserves: 11.1 billion barrels of oil equivalent as of December 31, 2005

• Refining & Marketing: No. 1 European Refiner-Marketer and No. 1 in Africa- Refining capacity: approximately 2.7 million barrels per day- Retail network: nearly 17,000 service stations - Sales: approximately 3.9 million barrels per day - Brands: TOTAL, Elf, Elan, AS 24

• Chemicals: Total is one of the world’s largest integrated producers and a European or global leader in each of our markets - Petrochemicals and Fertilizers, Specialties.

Shareholder base

Predominantly European (75%), held in particular by investors from France (33%), the United Kingdom, Germany, Switzerland and Belgium. Strong shareholder base in North America.

• Institutional shareholders (87%), employees (4%) and other individual shareholders (9%).

• Total S.A. is a French société anonyme (limited company) created in March 1924.

• Total is listed on the CAC 40, Dow Jones Stoxx 50, Dow Jones Euro Stoxx 50

and Dow Jones Global Titans 50 indices and the FTSE4Good, DJSI World, DJ STOXX SI, FTSE ISS CGI and ASPI Sustainable Development and Governance indices.

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