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Saturday, May 9, 2026

June 6, 2017

Get Ready for U.S. Oil Production to Break Records in 2018

June 6, 2017

7.2% production growth coming in 2018: EIA The U.S. will break a 47-year record next year, according to the EIA, as shale production continues to recover from the global industry downturn. The highest monthly production the U.S. ever achieved was 10,044 MBOPD, in November 1970. Production in March 2017, the most recent month the EIA has data for, was 9,098

Oil & Gas 360 - Venezuela will stick to its plan of blending domestic and foreign crude to maintain and even increase oil production and exports in the face of sanctions prohibiting U.S. companies from buying the country’s oi

U.S. Considering Sanctions on its 3rd Largest Oil Supplier

June 6, 2017

Venezuela is third-largest oil supplier to U.S. The U.S. is mulling sanctions against Venezuela’s oil industry, according to a Reuters report. Reuters quotes sources saying that U.S. officials are currently evaluating different types of sanctions, and have not decided on what, or whether, sanctions should be imposed. Previous sanctions, which were imposed from 2011 to 2015, prevented PDVSA from bidding

Core Lab Shows Oil Majors, NOCs, Independents How Their Hydrocarbons will Flow

June 6, 2017

When you can’t see something because it’s trapped in rocks a couple of miles beneath the earth’s surface, but you want to precisely measure it and also figure out how it will move in relation to other naturally occurring fluids within the formation, and you need to get the largest possible volume to flow to the surface, and by the way your entire

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