September 2012
News & Resources
Industry at a glance
Oil prices continued an upward trend in July and August, although crude from Russia largely offset the loss from the Iranian oil embargo in Europe. Global oil supplies climbed to 90.7 million bpd, with the majority of the increase coming from non-Opec sources. Natural gas prices have staged a tepid recovery in recent months, rising above $3/Mcf, although supplies are still abundant. In the U.S., mostly liquid targets kept demand for drilling rigs strong, although numbers have slipped during the past couple of months. Internationally, drilling has increased modestly to 1,571 rigs, with Canada leading the way, more than making up for falling activity in Latin America.
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Vol. 233 No. 9
Oil prices continued an upward trend in July and August, although crude from Russia largely offset the loss from the Iranian oil embargo in Europe. Global oil supplies climbed to 90.7 million bpd, with the majority of the increase coming from non-Opec sources. Natural gas prices have staged a tepid recovery in recent months, rising above $3/Mcf, although supplies are still abundant. In the U.S., mostly liquid targets kept demand for drilling rigs strong, although numbers have slipped during the past couple of months. Internationally, drilling has increased modestly to 1,571 rigs, with Canada leading the way, more than making up for falling activity in Latin America.
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- Applying ultra-deep LWD resistivity technology successfully in a SAGD operation (May 2019)
- Adoption of wireless intelligent completions advances (May 2019)
- Majors double down as takeaway crunch eases (April 2019)
- What’s new in well logging and formation evaluation (April 2019)
- Qualification of a 20,000-psi subsea BOP: A collaborative approach (February 2019)
- ConocoPhillips’ Greg Leveille sees rapid trajectory of technical advancement continuing (February 2019)
