Oil & Gas Market News Directory

Australia’s LNG Industry to Contribute AU$55 Billion to GDP by 2020

Mining Weekly reported that Australia's liquefied natural gas (LNG) industry could contribute more than AU$55 billion to the country's GDP by 2020 if it can improve international competitiveness, introduce a more flexible labor regime and remove regulatory constraints. These findings came from a new analysis put together by LNG producer Accenture Plc (NYSE:ACN).

Saudi Aramco’s Crude Production Reaches Near-Record High in 2014

Bloomberg reported that Saudi Arabian Oil Co. boosted its crude production in 2014 to 9.5 million barrels per day, a near all-time high, while adding reserves despite a supply glut that has cut oil prices by almost half. As quoted in the market news: Saudi Aramco, as the state-owned company is known, produced 9.5 million [...]