March 2013
News & Resources
Industry at a glance
Industry at a glance
Vol. 234 No. 3
Oil prices continued to strengthen in the early part of 2013, spurred by renewed economic vigor in the Far East, and colder weather in Europe. This month, we have added Dubai Fateh to the oil price chart, which tends to fall between the two other crude oil benchmarks. For the first month since December 1992, U.S. oil production exceeded 7 MMbpd, up nearly 14% from a year earlier. Oil supplies outside of OPEC dropped to near 54.2 million bopd by the end of January, while the terror attack in Algeria squeezed OPEC’s LNG supplies. The U.S. rig count slipped to a 12-month low, averaging just 1,756 rigs, while the non-U.S. worldwide count rose to 1,789.
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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)
