The United States produced more than twice the petroleum and natural gas hydrocarbons as Saudi Arabia produced in 2015.
natural gas production
While the Prime Minister and Ofgem's proposed changes to gas tariff arrangements continue to prompt questions from politicians and industry alike, it may have escaped the attention of some observers that plans have also been recently announced by the Conservatives to promote a significant increase in investment in shale gas exploration and production in the UK.
As more and more emphasis is placed on deepwater drilling and the economics of developing remote gas resources improve, Australia is predicted to overtake Qatar as the biggest global producer of liquefied natural gas (LNG) by 2017, according to new research.
North Sea oil production has fallen to its lowest level in more than 30 years, according to figures published yesterday.
Endeavour International today said its 2012 budget of up to £109million would be focused on the North Sea.
Oil and gas independent Talisman Energy said today its North Sea production fell short of expectations last year.
The first exploration well was drilled on the Norwegian Continental Shelf in 1966.
US OIL firm Marathon today posted a rise in third-quarter pre-tax profits to £812million, compared to £644million a year earlier.
Royal Dutch Shell posted profits of £2.26billion yesterday for the first three months of 2009, down 58% on a year earlier.
BG GROUP has taken a further step towards buying Australian coal-seam gas producer Pure Energy Resources for about £480million after rival bidder Arrow Energy, of Australia, decided to let its offer lapse.