The producing group will agree to concrete levels of production by each country at its next formal meeting in November, sources say.
An elevated amount of water used in the Eagle Ford could lead to logistical problems when oil prices increase.
The term ‘game changer’ is sometimes thrown around too easily, but it is completely deserved in the case of the giant vessel Pioneering Spirit.
As natural gas producers work to improve wellhead economics, the timing of proposed LNG projects and declining U.S. exports could impact future production.
The benefits of modern network connectivity in the field make for a better, safer and more productive operation.
Longer laterals and debundling services are among the cost-saving and value-generating moves as E&Ps aim for higher returns amid lower commodity prices.
Evidence is increasingly emerging in Norway that its recent lean-and-mean approach is paying dividends, reducing previously prohibitive costs to economically viable levels.