Tag Archives: Drilling

Oil output in the U.S. fell by 100.000 barrels a day to 10.9 million last week. according to the Energy Information Administration.

The resultant analyses and runs in audio. video. and data formats are said to assist calculated decision making.

U.S. shale production is expected to slow over the next year.

Eni is present in Mexico since 2006 and established its wholly-owned subsidiary Eni Mexico S. de R. L. de C. V. in 2015.

The project is awaiting completion of security approvals and the licenses necessary to start drilling.

Not only is U.S. shale production growing. but the shale industry as a whole is expected to become profitable this year for the first time in history.

Iraq has failed to lure investors for the project. which includes building a refinery to process crude from the region.

Lukoil commenced commercial production at the field in 2010 and the development was carried out in two stages.

Shell and BP predict oil consumption may flat line in the mid-2030s.

As Saudi Arabia raised its production. the number of rigs drilling for oil in the US fell by 80%.