Industry at a glance
Vol. 224 No. 11 Effective November 1, 2003, OPEC will cut crude oil production by 900,000 barrels per day. This will bring production down to 24.5 million b/d. OPEC argues that production cuts are justified by the risk
Effective November 1, 2003, OPEC will cut crude oil production by 900,000 barrels per day. This will bring production down to 24.5 million b/d.
OPEC argues that production cuts are justified by the risk of oversupply in 2004. To avoid slipping prices during Q1 of 2004, major non-OPEC oil producing countries,
including Russia, Mexico & Norway, are expected to cooperate with OPEC by removing oil from Rotary rigs running in the U.S. are still continuing to increase for the eighth consecutive month. Counts are up 27.1% from this time last
year, while international rotary rigs have increased only 16.7%. U.S. workover rigs are up 15.6% over September 2002. Meanwhile, both U.S. and international geophysical
activity have decreased when compared to this time last year - 25.5% and 18.9% respectively. |
- 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)
