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Industry: Oil and Gas

2023 – WEb Public Company Oil and Gas Reserves Update

U.S. natural gas production increased in 2022, while reserves remained largely unchanged.

The Energy Information Administration (EIA) recently released its annual report on the nation's oil and natural gas reserves. According to the report, U.S. proved oil and natural gas reserves were largely unchanged in 2023. However, dry natural gas production increased year over year in 2022 for the second consecutive year.

Sector Wise Energy Consumption and Company Rankings

Industrial, transportation, and electrical power sectors are the largest electricity consumers.

The EIA also released a report on the nation's energy consumption by sector. According to the report, the industrial, transportation, and electrical power sectors are the largest electricity consumers.

China National Petroleum is China's largest natural gas producer.

In other news, China National Petroleum Corporation (CNPC) recently reported that it produced about 44 trillion cubic feet of natural gas in 2022. This makes CNPC the largest natural gas producer in China.

These are just a few of the latest news stories from the oil and gas industry.