April 2013
News & Resources
Industry at a glance
Industry at a glance
Vol. 234 No. 4
Crude oil prices retreated in March, with Brent Blend falling to lows in the $110 range, before recovering modestly. West Texas Intermediate also fell, but returned to settle at around $95/bbl. Global demand continued to be sluggish, as European economies struggled with persistent uncertainties. OPEC production rose 150,000 bpd, the majority of the increase coming from Iraq. Outside OPEC, increased North American production was offset by declines in Europe and Latin America. The U.S. rotary rig count stayed flat at around 1,760 rigs, remaining about 12% below its level a year ago. The non-U.S. rig count climbed again, to 1,924.
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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)
