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Many NOCs will continue to spend cautiously as improving oil prices free up cash for more investment, higher production and growing operations outside their borders, a report said.
Recent activities point to increasing unconventional resource development outside of North America.
The focus comes as the world looks toward cleaner sources of energy, including natural gas, as demand grows.
Exploration is expected to rise this year with activity centered on the Gulf of Mexico, Caribbean and Atlantic margins, a report shows.
Well intervention work to increase production rates offers a significant opportunity to oil companies. Some get it more than others.
The company grew its Permian Resources production by 37% year-on-year to 177,000 boe. Enhancing subsurface characterization remains key.
Schlumberger roller cone bit spiral tungsten carbide insert configuration increases bottomhole coverage and reduces tracking to boost ROP.
Revenue for the independent E&P—which has assets in the Eagle Ford, Austin Chalk, Delaware, Woodford and Rockies—jumped about 41% to $3.68 billion.
By combining variable speed drives and powerful data analytics ABB is opening opportunities for operators to optimize their lifting operations.
Companies go the extra mile to protect IP assets.
Energy and automotive companies are stepping up to the challenge.
Broad portfolio of solutions maximizes production in HP/HT environments.