Industry at a glance

Vol. 231 No. 9

Oil & Gas Industry Statistcs from World Oil Magazine's September's Issue

Global oil supply rose by 810,000 bpd to 85.38 million, as Norwegian maintenance ended and OPEC boosted supplies. While BP has plugged the leaking Macondo well in the Gulf of Mexico, the International Energy Agency (IEA) estimates 60,000 bpd in potential lost output due to regional project delays in 2010, rising to 100,000 bpd in 2011. While averaging around $75/bbl in July, WTI and Brent Blend rose to near $85/bbl by early August, their highest level in three months, before retreating to near $80/bbl in mid-August on more comfortable supplies and concerns over global economic recovery. The international rotary rig count rose by 9% to 1,554 between June and July, with the largest increase, 122 rigs, in Canada. The US rig count remained relatively unchanged. International geophysical activity dropped slightly from July to August, with three fewer crews working in the US and five fewer outside the US.

Monthly US Gas Prices and Trends Graph		World Oil Production Table
US Geophysical Activity Table		Selected World Oil Prices Graph
US Rotary Drilling Rigs Graph		International Geophysical Activity Table
US Rotary Drilling Rigs Table		International Rotary Rig Graph
Workover Rig Graph		International Rotary Rig Table
Workover Rig Table		International Offshore Rigs Table
US Oil Production

FROM THE ARCHIVE