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By OGJ editors HOUSTON, Apr. 16 -- Available natural gas production capacity appears sufficient to meet the level of anticipated US gas production this year, but it's a narrow margin of surplus
Regarding conflicting reports about the direction of US natural gas production , Raymond James & Associates Inc. said, "the ..... consumption number, RJA added. "Not only are US natural gas production revisions for the last 18 months enough to raise
Over the next 10 years, continued development of tight oil and ongoing development of offshore resources in the Gulf of Mexico will push US crude oil production to 6.7 million b/d in 2020, and even with a projected decline after 2020, crude oil production will remain above 6.1 million b/d through
US gas production during the second quarter showed a 3.8% decline compared with second quarter of last year, according to Raymond James & Associates Inc. based on a survey of 47 publicly traded US oil and natural gas exploration and production companies.
Total SA and Eni SPA said they have resumed production of crude oil in Libya, while state-owned Sirte Oil said it has restarted output from its eastern gas fields.
Bolivia's state-owned YPFB and 13 oil companies have reached agreements to increase the country's production of natural gas to 44.68 million cu m/day until yearend.
PT Chevron Pacific Indonesia (CPI), already under government scrutiny for alleged violations of its cost recovery claims, has forecast that production from its concessions will decline due to aging fields and seasonal floods.
More domestic oil and gas exploration will be needed as the US makes a transition to a new energy economy, US Sen. Barack Obama (D-Ill.) said in a presidential campaign address in Michigan.
Houston-based oil and natural gas independent Apache Corp. Tuesday reported that starting next month it will begin directly marketing about 1.2 bcfd of gas productionwhich includes gas from other producerswithin the US and Canada.
Unocal Thailand Ltd. has signed contract amendments with the Petroleum Authority of Thailand (PTT) that will raise minimum daily sales of natural gas from Unocal's Gulf of Thailand fields by 48% during the next 2 years. The amendments will increase PTT's average minimum gas purchases from Unocal to