Tag: oil gas production

oil gas production
Friday, November 21st 2014 - 06:59 UTC

Potential of US offshore oil and gas, according to American Petroleum Institute

Eastern Gulf of Mexico, the Pacific OCS and the Atlantic OCS are currently almost entirely off-limits to offshore oil and gas development

Two new studies released by the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) show significant potential added energy and economic benefits to the United States if the Eastern Gulf of Mexico and the Pacific outer continental shelf (OCS) were opened to offshore oil and natural gas development.

Thursday, July 5th 2012 - 22:40 UTC

Brazil oil and gas production reached 2.78 million barrels equivalent per day

Petrobras remains by far the main producer

Brazilian oil and natural gas output rose 1.89% in May from April to 2.78 million barrels of oil and gas equivalent a day (boepd) as crude output from giant, new offshore fields increased, Brazil's oil agency ANP said on Thursday.

Friday, June 29th 2012 - 01:13 UTC

Britain forecasted to import 80% of gas consumed as early as 2016

North Sea production in the UK sector peaked in 1999

Britain’s declining oil and gas industry may be a minnow on the world stage, 20th largest oil producer and 15th largest gas producer in 2010, but it is still remarkably important for jobs and the UK economy, reports Citywire.

Friday, February 3rd 2012 - 18:25 UTC

Shell announces major investment drive to boost falling production

Chief executive Peter Voser: 80% of the new investment would be focused on upstream operations

Royal Dutch Shell has said it will launch a major investment drive in an effort to boost falling production. The oil giant said it would spend 30bn dollars on new oil and gas projects this year, compared with 24bn in 2011.

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