US pumps up oil production volumes by 13.9%
The US is leading the way in oil and gas production growth
Led by the rapid rise of onshore drilling, the US continues to lead the world in oil and gas production growth, according to BP’s 2013 Statistical Review of World Energy. At 1.1 million barrels a day (b/d), US oil output rose 13.9% in 2012 - the fastest since BP began keeping records in 1965 - and accounted for more than half of global oil production growth of 1.9m b/d. US natural gas production increased by 4.7% to 681.4 billion cubic metres (cm), accounting for more than 20% of the world’s gas production. By now the transformation of the US exploration and production sector is well documented. What’s less clear is the effect it will have on global energy balances. The statistical review pr
Also in this section
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
