Post Tagged with: "picking up"

Source: Reuters

Oil production picking up in second-largest U.S. shale field

BOE Report


Oil production in South Texas, home of the second largest U.S. shale field, is expected to rise as much as 4% this year, as higher prices spur more drilling and as U.S. crude exports set new records.

Output …

Oil exploration picking up as drillers shrug off recession threat

Oil exploration picking up as drillers shrug off recession threat

World Oil


(Bloomberg) — Schlumberger said annual sales will rise the most in 11 years as concern over inadequate energy supplies outweighs recessionary fears among major oil explorers.

 

Citing the biggest jump in demand for its services in more …