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LONDON (Bloomberg) -- Even as it faces $50 billion in potential liabilities from the worst U.S. offshore oil spill, BP Plc is leading the effort to extract crude from deep below the sea, a place as extreme and inhospitable as the surface of ...
RIO De JANEIRO, Brazil -- GE Oil & Gas has reported more than $300 million contract with Petrobras for the first supply of the subsea manifold systems for Brazil’s pre-salt fields, located offshore in water depths up to 6,500 ft (2,000 ...
WASHINGTON, D.C. (Bloomberg) -- U.S. crude production climbed to the highest level in more than 28 years last week as the shale boom moved the country closer to energy independence. Output rose 248,000 bpd to 8.838 million, the most since M ...
Traditional marine seismic data lack the very low and the very high frequencies, as well as some of the middle frequencies, due to ghosting.
In assessing the value of the Permian basin and its wells in comparison with other shales, this play may not always have the highest IPs and EURs, but it beats the competition with respect to well cost and location.
Horizontal drilling and multi-stage hydraulic fracturing get credit for much of the success in producing from ultra-low-permeability shales.
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.
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.
European differences emerge during ONS
U.S. Natural Gas (Henry Hub): $4.002/Mcf
West Texas Intermediate: $94.19/bbl
Brent Blend: $98.64/bbl
U.S.: 8.335 MMbpd (June 2014)
World: 90.23 MMbpd (June 2014)
Houston, TX - November 4-5
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