Tag: oil and gas production

• Wednesday, July 12th 2017 - 04:21 UTC

  Oil and gas production in Argentina has fallen to its lowest in 25 years

  

  Oil and gas production in Argentina has fallen to 1981 levels, the lowest in 25 years, despite a $14 million government subsidy for the first five months of this year. From last year to May 2017, the country has produced 2,311,736 m3 of oil and just under 3.8 billion m3 of gas, which shows a drop of 6% and 1.8% respectively.

• Wednesday, July 30th 2014 - 01:34 UTC

  UK to encourage extraction of natural gas and oil from shale rock to help with declining production

  

  The British government plans to make more land available for licensing for oil and natural gas exploration in the first such expansion since 2008. The move, which had been anticipated by the oil and gas industry, could prove to be a milestone in efforts by the government of Prime Minister David Cameron to encourage the extraction of natural gas and oil from shale rock.

• Tuesday, November 13th 2012 - 00:56 UTC

  US to overtake Saudis and Russia as world’s top oil producers by 2’17, says IEA

  

  The United States is forecasted to overtake Saudi Arabia and Russia as the world's top oil producer by 2017, the West's energy agency said on Monday. The International Energy Agency (IEA) said it saw a continued fall in US oil imports with North America becoming a net oil exporter by around 2030 and the United States becoming almost self-sufficient in energy by 2035.