The rankings measured combined hydrocarbons output.
Russia took the second place, followed by Saudi Arabia. While the US and Russia split production evenly between oil and natural gas, Saudi Arabia’s output was heavily weighted towards oil.
According to the EIA, US hydrocarbons output has been on an upwards trend since 2008, and the country has ranked first globally since overtaking Russia in 2012. Oil production increased by 1.6 million barrels per day in 2014, while gas, boosted by shale developments in Texas and North Dakota, saw an increase of 394 mcm (13.9 bcf) per day.
Russia’s oil production increased in 2014, but its natural gas output dropped. The EIA cited a warm 2013-2014 winter and weak growth in European economies as main factors in reducing demand.
Saudi production of both oil and gas has remained steady since 2010.
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
This website uses cookies.