Tag Archives: Oil Production

Last week. Aramco signed US$4.5 billion worth of total contracts with international companies to boost its gas production and processing capacity.

This production growth rate will turn the United States from a net importer of oil into a net exporter by 2025.

Natural gas production turned upward in 2006 and would rise by 50% over the next decade.

The Saudi government plans to list five per cent of Aramco’s shares in 2018.

The field'.s current output. which stands at 80.000 bpd. will increase by 20.000 bpd as soon as the 13 newly-drilled wells go on stream.

Iran'.s own data submitted to OPEC pointed to bigger cuts.

The group sees U.S. shale fizzling out after 2025. leaving OPEC once again in charge.

PDVSA made an overdue $1.1 billion bond principal payment this week.

The higher the price goes in the short run the more difficult it will be to return the oil taken off the market.

Mexico is the world’s 12th-largest oil producer. and has some of the world’s best renewable energy resources.