Tag Archives: Production

The US became a net exporter of natural gas on an annual basis in 2017.

Venezuelan production will decline by an additional 300.000-500.000 barrels per day (bpd) this year.

As the world’s top crude oil exporter. Saudi Arabia will not be giving away easily its crown and the geopolitical clout that comes with it.

The deals were signed in a ceremony attended by Oil Minister Bijan Namdar Zanganeh on Tuesday.

The rise in prices thanks to output cuts has brought roughly an additional $110 billion in revenues to Russia.

Saudi Arabia has used the forum in recent years to pitch for foreign investment.

Kogas is now expanding its business in the global market and is participating in 13 exploration and production projects.

Aramco is a major gas player but much of its production is used domestically.

Dudley believes the oil market is tightening up.

Total also planning to expand its Nigerian LNG project this year.