Jan 8, 2016 (Reuters) – The U.S. oil rig count this week dropped to the lowest level in over five years as energy firms stepped up the rate of idling rigs after one of the worst years in almost 30 years for drilling, data showed on Friday. Drillers removed 20 oil rigs in the week […]
Category: News
Too Big to Value: Why Saudi Aramco Is in a League of Its Own
(Bloomberg) — By any measure, Saudi Arabian Oil Co. is in a league of its own. Take its oil reserves — roughly 260 billion barrels, nearly 10 times those of the global ultra-major Exxon Mobil Corp. Or its daily production — 10 million barrels, more than the domestic output of every U.S. oil company combined. […]
The Future of Oil, Gas Technology: Q&A with Bruce Calder
Technology improvements over the last few years have shaped the oil and gas industry for the better. Advances in seismic imaging and new techniques to improve oil recovery, for example, have helped increase proved oil reserves to more than double the level they were at in 1980. Other technologies such as horizontal drilling and hydraulic […]