One of the most talked-about news stories of 2012 has been the United States’ natural gas boon, with the ever-fluctuating state of domestic oil production not far behind it. A new Reuters report highlights the fact that America is not the only nation in which energy production is a priority, nor is it the only nation in which natural gas production is reaching new heights.
According to the report, South American countries, especially Brazil, are experiencing significant increases in their oil and gas output – a finding that has drawn the focus of companies like GWC Valve International.
According to Reuters, Brazil’s output of oil and natural gas saw a steady incline between the months of April and May in 2012. In fact, the nation’s total oil and gas production rose by nearly 2% in just one month. The report notes that this is largely due to the increased activity of large, offshore energy exploration and production fields.
The Reuters findings have drawn the attention of many international energy experts, but also of companies like GWC Valve International. GWC is a company that designs, manufactures, and distributes industrial valves for the oil and gas exploration companies upstream and downstream operations. True to its name, GWC Valve International has a variety of clients all over the world, including energy companies in Brazil, and the company is quick to say that its own internal numbers reflect the trends reported by Reuters.
In a new statement to the press, GWC Valve International affirms the growing energy production trends in Brazil and other South American nations. "GWC Valve International’s quotation department has received a high volume of quotes to this region, which in itself is proof that this area is booming in terms of oil and natural gas production," says the company’s press statement.
Some energy companies are faring better than others. The Reuters report continues by observing that Brazil’s chief producer of oil and natural gas remains Petrobras, a state-led company that has long been the nation’s primary provider of oil and gas. In fact, the company is responsible for the production of some 90% of Brazil’s total output.
Other factors contributing to Brazil’s upswing in oil and gas production include heightened production levels from subsalt offshore fields, south of Rio de Janeiro. Reuters notes that this fields production rose by nearly 5% in the month of May 2012, a significant factor in the nation’s overall production increase