June 2012
News & Resources
Industry at a glance
Industry at a glance
Vol. 233 No. 6
Higher crude production from Iraq, Nigeria and Libya increased world supplies by 600,000 bpd last month. This, plus economic uncertainties in Europe—spilling over into the U.S.—caused oil prices to fall across the board, with West Texas Intermediate dipping below the $90/bbl threshold. Energy demand in the OECD countries has declined, while output from OPEC, as a whole, has risen. Outside the U.S., the rig count fell sharply, due mostly to seasonal declines in Canada. U.S. rotary rigs held fairly steady at 1,962, remaining about 10% higher than the same time last year.
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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)