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WorldOil

AUGUST 2012

Special Focus

  • Industry focuses on compliance, rig innovation

    Jerry Greenberg

    With high oil prices as the incentive, deepwater operators are increasing worldwide activity and launching innovative floating structures for drilling and production. In the post-Macondo world, they must also meet the challenges of stringent safety and spill containment rules.

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News & Resources

North American Outlook

  • Canadian activity levels out amid growing uncertainty

    Robert Curran

    Political and pipelining concerns are clouding the picture for an E&P sector that has been riding oil activity to prosperity.

  • Mexico works on rebuilding its crude oil output

    Kurt Abraham

    Concerned about lagging crude oil production, Mexico is increasing its capital expenditures over the next several years to stabilize output and then grow it. Last year, Pemex spent $19.1 billion on capital projects, of which more than 80% was spent on upstream work. This year, the firm will raise capital spending 21.5% to $23.2 billion, of which 85%, or $19.7 billion, will be dedicated to E&P projects.

  • U.S. drilling hits a plateau

    World Oil staff

    Weakness in crude oil prices, coupled with uncertainty about the presidential election and future economic performance, has caused U.S. drilling to go sideways. A trend was already present at the beginning of this year, whereby operators were steering large amounts of capital spending away from dry gas drilling. This factor has now been exacerbated by such a shift toward oil and NGL-directed drilling, that it has boosted liquids production fast enough to depress liquids prices in the short term,

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By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...

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