March 2012
News & Resources
Industry at a glance
Industry at a glance
Vol. 233 No. 3
Oil prices were mixed in January, with a generally weak economy and uncertainty in Europe offset by an improving economic outlook in the U.S. This, combined with tensions in Iran, kept global prices rising. Arabian Light rose to average almost $114/bbl, and West Texas Intermediate settled above $100/bbl. In sharp contrast, natural gas prices in the U.S. fell yet again to an abysmal $2.51/Mcf, reflecting an abnormally warm winter in the states. Gas production fell slightly but remained robust. The international rotary rig count continued to rise in January, while the U.S. count stayed strong at just over 2,000 rigs running.
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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)