From one of the largest oilfield services companies offering a look at the newest drilling technology to future in cloud technology, exhibits at the Offshore Technology Conference offered plenty to see. Jessica Morales took a walk through the exhibit hall and shows us these innovative technologies that can be found on the show floor.
The U.S. oil and gas rig count, an early indicator of future output, fell by 17 to an all-time low of 301 in the week to May 29, according to data from energy services firm Baker Hughes Co. going back to 1940.
Exxon Mobil’s latest find offshore Guyana and three extended-reach, horizontal producers completed by Gulfport Energy from a Grady County pad in Oklahoma top this week’s drilling activity highlights from around the world.
On average, the 13-member OPEC pumped 24.77 million barrels per day (MMbbl/d) this month, the survey found, down 5.91 MMbbl/d from April’s revised figure.