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Perry Says Venezuelan Oil Output Will Decline Until Regime Changes  | Rigzone
by  Bloomberg | Tina Davis | Tuesday, March 12, 2019 The IEA says it expects Venezuelan output to fall to 800,000 barrels a day this year. (Bloomberg) — U.S. Energy Secretary Rick Perry said the decline of oil output from Venezuela will continue until there’s a change of leadership. The International Energy Agency said Monday
Oil Extends Gain  | Rigzone

Oil Extends Gain  | Rigzone

Oil rose for a second day as Saudi Arabia was said to plan extending deep supply curbs and a nationwide blackout sparked a production collapse in Venezuela. (Bloomberg) — Oil rose for a second day as Saudi Arabia was said to plan extending deep supply curbs and a nationwide blackout sparked a production collapse in
hpht_drilling_wells
The term HPHT is typically used to describe high-temperature, high-pressure wells that are at either a higher temperature or pressure than most other oil wells – usually over 150°C and 10,000psi at their deepest point. If a well exhibits these characteristics, it is likely to pose greater challenges when drilling. Boreholes with temperatures between 150°C
augmented reality
Imagine you could access immediate expert help when needed the most. The XMReality AR-technology enables exactly this, granting you expert help in a simple way, where ever you are in the world. In a recently executed field study it has been confirmed that 84% of users prefer the XMReality AR- solution compared to standard video
AR in oil and gas: digital work instruction
In our private lives, we’re all digital. We check our Facebook feed on our smartphones, while watching the latest Netflix series on a tablet. But enterprise seems to be lagging behind in this digital transition. Why are shop floors still littered with paper, while we keep hearing that digitalization is unstoppable and the reign of
OPEC Will Be Squeezed by US Shale Until Mid-2020s  | Rigzone
by  Bloomberg | Grant Smith | Monday, March 11, 2019 By 2024, OPEC’s capacity to pump crude will shrink because of declines in Iran and Venezuela, according to the International Energy Agency. (Bloomberg) — OPEC’s loss of market power to what was once its biggest customer will continue until the middle of the next decade
Hedge Funds Keep Betting on Oil Rally  | Rigzone
by  Bloomberg | Alex Nussbaum | Monday, March 11, 2019 Hedge funds keep betting on an oil rally, even with prices stuck in neutral. (Bloomberg) — Hedge funds keep betting on an oil rally, even with prices stuck in neutral. Investors pushed bullish wagers on West Texas Intermediate crude prices to their highest in a
women
It is International Women’s Day – an event that it is pretty easy to ignore in much of the oil and gas industry. Despite positive movements in the past five years, only 15 per cent of the energy workforce are women – but commentators are hopeful than in the wake of retirements due in the
Oil Prices Modestly Mixed for the Week  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Friday, March 08, 2019 The WTI is up – slightly – for the week while the Brent is down – also slightly – compared to March 1 figures. Both the West Texas Intermediate (WTI) and Brent crude oil benchmarks settled lower Friday and posted modest changes against
US Drops 11 Oil and Gas Rigs  | Rigzone
by  Valerie Jones | Rigzone Staff | Friday, March 08, 2019 The U.S. scrapped a total of 11 oil and gas rigs this week, according to Baker Hughes, a GE Company. The U.S. scrapped a total of 11 oil and gas rigs this week, according to weekly data from Baker Hughes, a GE Company. This
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