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More than 2 million sq km (772,204 sq miles) of new 2-D and 3-D seismic are expected to lure companies to Mexico’s E&P sector.
The API gravity for extracted crude varies across states, the U.S. Energy Information Administration said.
Work on the next generation of all-electric subsea production systems is being advanced, albeit not swiftly, as there is a three-way competition amongst big hardware companies.
At DUG Permian Basin, Tom Petrie advised that the U.S. is poised to become a key driver of the oil supply equation.
The largest buyers of Iranian crude have decided to reduce imports from Tehran. What does the ongoing dispute mean for the global oil industry?
Operators managed to spud 78 deepwater exploration wells in 2016, while deepwater wells drilled had been cut by half.
Aiming to maintain market share, Qatar Petroleum lifted its self-imposed moratorium on the world’s largest natural gas field after more than a decade.