Production at the Egypt’s supergiant gas field Zohr, operated by Italian oil major Eni, will reach 2.9 billion cubic feet per day (Bcf/d) by mid-2019, the company’s CEO Claudio Descalzi told reporters in Cairo Monday.
Oklahoma in the early 2000s, looking to diversify its oil- and gas-dominated economy, sought to diversify, and offered the wind industry generous state tax incentives and access to inexpensive tracts of land.
Norway’s Statoil is the latest European oil major to reach a record-high production level in 2017, posting a growth of more than 6% as efficiency increased and production costs declined, Kallanish Energy learns.
U.S. dry natural gas production averaged 73.6 billion cubic feet per day (Bcf/d) in 2017, and is forecast to reach 80.3 Bcf/d in 2018, establishing a new record, STEO, the Energy Information Administration's just-released Short-Term Energy Outlook, projects.
British oil supermajor BP reported Tuesday 12% upstream production growth in 2017 — the highest since 2010 — in what the company claimed to be one of the strongest years in its recent history, Kallanish Energy learns.
Shell’s crude oil production remained unchanged in 2017 at 3.66 million barrels of oil equivalent per day (MMBOE/d), as output ramp ups helped the company to offset field declines and production drops from divestments.
U.S. crude oil production jumped the 10 million barrels a day (MMBPD) hurdle for the first time in nearly a half-century in November, according to new data released Wednesday by the Energy Information Administration.
The UK’s oil and gas production is expected to continue growing until 2020, with the longer-term production outlook highly dependent on the success of new exploration and investments, Rystad Energy said Thursday.