Press Esc to close

WorldOil

CONTENT PREVIEW

For full content view: Log in Now!

  • Industry at a glance


    IEA reported decreases in world oil supply and demand during September to 85.4 million bpd and 84.6 million bpd, respectively. Both levels remain more than 1% higher than a year ago. China, self-sufficient in oil only 15 years ago, now imports 40% of its oil. The percentage is expected to rise to 75% by 2025. US oil production has recovered remarkably well from the losses suffered in the wake of Hurricanes Katrina and Rita last year. Output on and offshore Louisiana is up more than 800,000 bopd from a year earlier. US rig activity continues to run an impressive 20% higher than in 2005, while Canada is actually off 10%. Canadian operators have eased off their drilling plans on concerns about high gas storage levels in the US. Worldwide offshore rig utilization is up, although the US figure is down slightly, and some rigs have left the Gulf of Mexico for other markets. International geophysical activity is up an encouraging 21%.

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial


2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!

Subscribe


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.


If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.

WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

ENERGY EVENTS

Upcoming Events