September 13, 2018 - 9:47 AM EDT
Print Email Article Font Down Font Up
U.S. Takes Top Spot in Crude Production, with $4.2 Billion in Project Starts in Fourth Quarter, an Industrial Info News Alert

SUGAR LAND, Texas, Sept. 13, 2018 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. seized the crown in global crude oil production earlier this year, according to the U.S. Energy Information Administration's (EIA) Short-Term Energy Outlook. U.S. production surpassed that of Saudi Arabia in February for the first time in more than two decades, and surpassed Russia over the summer for the first time since February 1999. The EIA believes the U.S. will continue to exceed its rivals for the remaining months of 2018 and through 2019. Industrial Info is tracking more than $4.2 billion in active U.S. crude oil production projects that are set to begin construction in the fourth quarter, and nearly $3.2 billion worth that are set to wrap up in the same period.

Industrial Info Resources (PRNewsfoto/Industrial Info Resources, Inc.)

Within this article: Details on major U.S. crude oil production projects that are beginning or ending construction in the coming quarter, including those from key companies such as Royal Dutch Shell plc, Oceaneering International Incorporated, Chevron Corporation, Equinor ASA and ConocoPhillips.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to [email protected]  or visit us online at http://www.industrialinfo.com.

William Ploch
713-783-5147

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/us-takes-top-spot-in-crude-production-with-4-2-billion-in-project-starts-in-fourth-quarter-an-industrial-info-news-alert-300712009.html

SOURCE Industrial Info Resources, Inc.


Source: PR Newswire (September 13, 2018 - 9:47 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice