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HOUSTON (Bloomberg) -- Rigs targeting oil in the U.S. surged to a record as producers accelerated drilling in some of the nation’s biggest crude plays, from North Dakota’s Bakken formation to the Permian basin of Texas and New Mexico. ...
IRVING, Texas (Bloomberg) -- Exxon Mobil Corp.’s work on a $700 million Arctic well in Russia could be stopped before it’s finished under new U.S. and European Union sanctions that outlaw the drilling partnership. New sanctions ban U.S. and ...
LUDWIGSHAFEN, Germany (Bloomberg) -- BASF SE’s oil and gas arm agreed to buy assets from Norway’s Statoil ASA for $1.25 billion, diversifying energy supplies for Germany’s biggest chemical maker as relations between Europe and Russia worsen ...
A newly developed, 11¾-in., expandable liner hanger packer (ELHP) system made it possible to overcome the challenges of drilling Saudi Aramco’s first deepwater well, a rank wildcat in the Red Sea.
Despite a variety of interfering factors, U.S. activity remains at a high level, aided by the industry’s technical and efficiency gains. Canada continues to slowly rebound on the strength of oil activity, while Mexico remains at a lower level.
The South Texas fairway of the Eagle Ford/Pearsall shale has taken on the feel of a more than 400-mi-long trade mart this year, as new players shell out top dollar to gain a share of what are among the highest recovery rates in the unconventional sector, and a play with plenty of room to grow.
The deepwater, lightweight riser system, incorporating improvements derived from nearly a decade of operation, can extend the water depth range of rigs to 8,000 ft.
Exploration offshore Congo is moving into deeper water, with discoveries, such as Moho Bilondo, helping to de-risk the petroleum system.
As operators push Norwegian E&P activity close to record highs, the government and industry are working together to plan future upstream growth prudently while keeping costs under control.
In the same way that operators, service companies and manufacturers have switched gears to respond to the changing oil and gas landscape offshore Norway, the UK and mainland Europe, the organizers of this year’s Offshore Northern Seas (ONS) event have also updated their focus.
This is the most comprehensive handbook in advanced drilling technology, guiding the petroleum engineer to mitigate risks, manage the reservoir effectively and recognize new opportunities.
This 2‐hour documentary is the most comprehensive video available about oil and gas drilling.
Travails and triumphs of a frontier explorer
U.S. Natural Gas (Henry Hub): $3.819/Mcf
West Texas Intermediate: $92.88/bbl
Brent Blend: $97.86/bbl
U.S.: 8.335 MMbpd (June 2014)
World: 90.23 MMbpd (June 2014)
Houston, TX - November 4-5
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© 2014 World Oil. © 2014 Gulf Publishing Company.