Tag Archives: Production

Australian oil and gas producer Santos. the operator of the GLNG project. could win any comeback kid awards in the global energy patch.

Up to £330bn could be spent on extracting oil and gas from UK waters over the next three decades.

Sanctions on Iran are expected to remove about 1 million barrels a day from the world market by the end of the year.

The US has increased its own oil production and exports.

U.S. crude oil production has climbed by almost a third since mid-2016 to around 11 million barrels per day.

Russia will take leadership for the new secretariat.

There’s a strong challenge for the key producers to increase production and comfort the markets.

OPEC agreed in June to boost supply to make up for the expected disruption to Iranian exports.

OOCEP holds a 40 percent stake in the block. while Britain’s BP holds the remaining 60 percent.

Oil prices have been rising in recent months following the decision of the US president to reimpose sanctions on Iran.