Saturday, November 23, 2024

Iran’s Short-Lived Oil and Gas Boom

Iran’s energy sector will feel the repercussions of renewed sanctions Iran has the world’s fourth-largest proved crude oil reserves and the world’s second-largest natural gas reserves, but production in the country has been suppressed by international sanctions and underinvestment. Although some sanctions targeting the energy industry were temporarily lifted, and oil production reached ~3.8 MMBOPD in 2017, growth has remained

Oil & Gas 360 - France’s Total and Sempra Energy Sign North America LNG Deal

BP Snaps Up LNG From Venture Global’s Calcasieu Pass

Venture Global has contracted 60% of expected Calcasieu Pass output Venture Global LNG’s planned Calcasieu Pass LNG project moved closer to realization today, as BP (ticker: BP) announced a long-term LNG purchase agreement. Venture Global will supply 2 MTPA to BP for 20 years under the new agreement on a free on board basis. BP is the fourth company to

U.S. Reigns Supreme as World’s Largest Oil and Gas Producer

America produced just under 30 MMBOEPD last year The shale revolution has transformed the American energy industry, making the U.S. the world’s largest producer of oil and gas. The country has now retained this crown for five years in a row, surpassing both Russia and Saudi Arabia. The U.S. produced just under 30 MMBOEPD in 2017, an all-time record. Natural