Russian Government Buys Venezuelan Assets From Its Own Oil Company
US sanctions appear to have prompted a change in ownership. It is unclear how the new arrangement will impact Venezuela’s diminishing ability to export crude oil.
US Leads World in Oil Reserves
Ranking places US ahead of Saudi Arabia and Russia.
Venezuela Oil Output Sinks to Lowest Level Since Early 2003
The recent production freefall could accelerate even further as US sanctions-related deadlines pass, the US Energy Information Administration said.
Three Big Numbers Shaping the Global Crude Picture
Take a quick look at some of the data points shaping upstream headlines and the movement of oil supplies around the world.
Ultra-Low-Invasion Fluid Technology Enables Enhanced Drilling, Reduced Formation Damage
A fluid technology has been developed to deposit a thin, impermeable barrier over the pores and microfractures of weak, underpressured, and otherwise troublesome formations to maintain wellbore stability and reduce formation damage.
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12 May 2020