Northern Petroleum said it has doubled production in the last three months and is looking to process much higher volumes from its Canadian assets.
crude oil production
Oil production in the US Gulf of Mexico is projected to reach a record high in 2017, even as oil prices remain low.
Oil and gas firm EOG Resources said today its first-quarter earnings were up 53 % to £319million ($495million), as oil and gas output from the company's wells in the Eagle Ford formation in Texas helped push up production.
The US Department of Energy Information Administration (EIA) has advised that it expects crude oil production in the United States to increase this year to its highest annual volume on record.
While electricity will power the UK's Christmas lights this month, there will be some in third world countries who have to rely on kerosene for their lighting.
BP's Scarv development in the Norwegian Sea has been delayed again, due to weather.
PRODUCERS' cartel Opec has cut its forecast for global oil demand growth next year because of a worsening economic outlook.