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Either the number of new wells drilled must slow or the completion rate must increase.
Low-frequency source could be the final piece in the subsalt imaging puzzle.
Exports, net of any imports, rather than crude production, are what matters for the world supply-demand balance and global oil inventories.
A report released July 3 by the U.S. Energy Information Administration points out that fossil fuels still make up the bulk of the nation’s energy consumption—at more than 80%.
EOR offers companies the best chance to maximize the productivity and profitability of their brownfield sites.
The federal government is interested in helping fund efforts aimed at preventing offshore spills and leaks and boosting recovery from unconventional oil and gas wells.
The only rational strategy is to avoid trying to manage production and allow prices to adjust to rebalance the market.
Recent events suggest the deepwater GoM is alive and well.
The decision to pair the change in succession with a relaxation of austerity is not surprising, but there are questions about its affordability in the medium term.
Will the petroleum industry’s dreamers and schemers primed by science fiction embrace Big Data to fuel their future? The answer is most certainly ‘yes!’
Oilfield drilling is a complicated process that uses several pieces of equipment to guarantee proper cleaning, safety and extraction.