Fracking or fracturing is the process of drilling and injecting fluid, usually water, sand and chemicals into the ground at a high pressure in order to fracture shale rocks to release natural gas trapped in it. The released natural gas is thereafter allowed to flow freely to the head of the well. Dillbytes, this week, takes a look as this … Read More
2016 Maybe The Worst Exploration & Production Year Since The Great Depression
According to the latest mid-year forecast assembled by World Oil magazine, only 14,430 wells will be drilled in the U.S. this year, on par with the years 1930-1934, when not a single year topped 20,000 wells drilled. In fact, this will be lowest total for exploration and production since 11,700 wells were drilled in 1933. World Oil has surveyed oil … Read More
Nigeria’s Oil Output Will Remain Low Into 2017 – U.S.
Nigeria’s crude oil production is expected to remain depressed through 2017 as a result of militant attacks, the Energy International Administration, the statistical arm of the United States’ Energy Department, has said. The EIA, in a statement on its website, said the crude oil production disruptions in Nigeria reached 750,000 barrels per day in May 2016, the highest level since … Read More
Nigeria’s Oil Production At 30-Year Low – U.S.
Nigeria’s oil production fell to 1.4 million b/d, as at May, 2016, nearly a 30-year low, the United States Energy Information Administration has said. In a report released yesterday, the agency said the Niger Delta Avengers’ (NDA) attacks resulted in immediate and severe disruptions in crude oil production, as some of them targeted key oil-gathering and export infrastructure. According to … Read More