Total has achieved the significant milestone of producing a cumulative 2 Bbbl from its operated deepwater Block 17, 150 km off the coast of Angola.
When Saudi Arabia argues next week that OPEC should keep up production to fight the rise in U.S. shale oil levels, prices will be on its side.
Wildfires in northern Alberta kept about 10% of Canada’s oil sands production offline for a third day as Bank of America Corp. warned the blazes may slow the economy.
Devon Energy Corp. shut wells and Kinder Morgan Inc. suspended operations at a fuel terminal southeast of Houston after storms flooded parts of Texas and cut power to tens of thousands. Refineries and pipelines continued to run.
Eni has made a gas and condensates discovery offshore Libya, in the Bouri North exploration prospect.
Ecopetrol, the worst performing major oil stock in the past year, is scraping a high-growth strategy to focus on preserving margins and boosting reserves.
Drilling, LNG prospects face stiff headwinds
The North Sea’s Troll field, 80 km northwest of Bergen, is Norway’s largest gas reservoir.
Part 1: In this first of two monthly reports, the authors highlight innovations in beam/rod pumping, linear lift units, hydraulic piston pumps, hydraulic jet pumps, and more.
Future deepwater GOM projects are less vulnerable to low oil prices. Even as the price of oil teeters around $50, the Gulf of Mexico is poised on the brink of a production boom. Repercussions of the price collapse in this offshore market depend less on how low prices go, than how long they stay there.
Turn out the lights
Despite lower crude prices, India’s ONGC goes ahead with ambitious plans
Data courtesy of Baker Hughes.
Market data is delayed and provided by Barchart.
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Over the last two years, we’ve seen a marked increase in the number of gas divestments taking place in Canada’s oil and gas sector.
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