July 2011
News & Resources
Industry at a glance
Industry at a glance
Vol. 232 No. 7
OPEC crude supply rose by 210,000 bpd to average 34.96 million bpd in May, but remains 1.25 million bpd below pre–Libyan crisis levels. Increases from Saudi Arabia, Nigeria, Kuwait and Iraq offset lower UAE and Angolan output. To soften the impact of reduced supply on oil prices, the IEA introduced 60 million bbl p into the market. The international rig count rose by 2% to 1,428 rigs, with increases in Africa and the Middle East, while the US count gained 47 rigs, to 1,836. Seismic crew counts remained relatively unchanged, with the loss of one crew in Latin America and the addition of two crews in Africa and the Far East
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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)