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North American oil companies reducing upstream activity abroad

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Christian Fernsby |
Oil field
America   Oil field

Rystad Energy data reveals that from 2014 to 2018, companies in Asia which experienced a merger and acquisition showed the most significant growth globally, increasing oil and gas production by about 1.4 million boepd by investing heavily in Asia, Russia and the Middle East.

Topics: America oil

Oil explorationIn North America however, the trend is quite the opposite.

North American companies which underwent M and A activity reduced their production over the same period by approximately 1.3 million boepd, selling their assets primarily in the Asia, Europe and the Middle East to finance shale development domestically.

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