The price of oil finally has been recovering from below $30 in January 2016 to close to $50 in July 2016. Many factors have helped the oil price recovery, but mainly the increase in the world demand and the decline in production. The USA production, mainly from shale oil, has declined by close to 700,000 [...]
PMG is Proud to offer a new Lunch & Learn Course. Please contact us if you are interested in this fantastic new opportunity. With the significant increase in frac treatments for both vertical and Multi-stage Frac Hz Wells (MFHW’s), optimization of frac treatments has become very essential. Further, Mini Frac has become a requirement by [...]
PMG is Proud to offer a new Lunch & Learn Course. Please contact us if you are interested in this fantastic new opportunity.
With oil prices falling to a four-year low, the development of two frontier basins in northwest Europe, the Barents Sea and the West of Shetland (WoS), is likely to be postponed and further progress will require cost reductions, according to an analyst with research and consulting firm GlobalData. Both Chevron and Statoil, operators of the [...]