Tag: oil gas production

• Friday, November 21st 2014 - 06:59 UTC

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

  

  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

  

  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

  

  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

  

  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.