Oil in New York held near a four-month low after Brent crude slumped below $50/bbl for the first time since January on Monday as Iran pledged almost an immediate output increase after sanctions.
Shell's Polar Pioneer rig has started drilling operations in the Chukchi Sea, offshore Alaska.
Following the supply of a further 100,000 tonnes of East Siberian Pacific Ocean (ESPO) crude to the Chinese market in July, total volumes of ESPO crude exports by Gazprom Neft since the commencement of supplies have now reached 10 million tonnes.
After just four years in production, Peregrino field, in the Campos basin offshore Brazil, has passed a significant milestone, with 100 MMbbl of oil produced since April 2011.
Sand control engineering specialist Darcy is gearing up for global interest in its downhole Hydraulic Screen following a successful installation in Statoil’s Statfjord oil field in the Norwegian Sector of the North Sea.
Halliburton announced Sunday that it has certified substantial compliance with the U.S. Department of Justice’s (DOJ) request for additional information (second request).
High hopes, but results slim so far
Integrated geoscience project to shine light on Gabon South basin.
With rig contract cancellations, fleet retirements, and large-scale cost-cutting slicing through the offshore drilling market, new technology assumes an even more important role in safety, efficiency, capability and—ultimately—marketability. As utilization drops, advantage is often found in innovation—if not now, then certainly in the upturn that will arrive eventually.
Resilient play takes a licking, but keeps on pumping crude
Shale well refracturing activity will increase steadily, as companies optimize the process.
A trick up their sleeves
Election rhetoric blossoming
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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