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A group of 83 E&P companies collectively added 8.2 billion barrels of oil equivalent to their proved reserves in 2017, according to a report released this week.
What this is likely to mean is that China will find it easier to replace U.S. crude imports than U.S. producers will to get new customers.
Allowing students to train on real datasets and supporting innovation were among the company’s reasons for the data release.
Commercial inventories and OPEC spare capacity have become dangerously eroded over the last 12 months, leaving the oil market much more vulnerable in 2019.
Study shows improvements might be needed in appraisal programs.
By meeting market expectations on pricing, the Saudis seem to indicate they are satisfied with the current state of the market, their level of exports and the price they are receiving.
The Permian continues to lead job growth, but there is a growing need for more skilled workers in several areas.
Pay attention to what traders actually do, not what they say.
An independent inks a drillship contract as part of its exploratory campaign offshore Namibia’s storied coast.
Rising prices are transferring income from net consuming states to net producing states.
Some conventional exploration wells on the list have already come up dry or have been delayed.
The industry is improving its environmental performance each year through better practices and technologies.