Royal Dutch Shell is reviewing its assets in the largest US oil field located mostly in Texas, for a potential sale worth up to $10 billion
Permian basin
Posted inDRILLING & PRODUCTION
IEA: US oil production will equal Saudi Arabia and Russia’s combined output by 2025
IEA Head Fatih Birol said that US production would “completely change the balance of oil markets”
Posted inDRILLING & PRODUCTION
Wood Mackenzie outlook: OPEC producers key to world supply through to 2040
In its Macro Oils Long-Term Outlook H1 2018, Wood Mackenzie said it expects the US Lower 48 to enjoy continued growth through the medium term, with its crude and condensate production reaching a plateau of over 11mbpd in the mid to late-2020s.