The oil patch defied expectations over the past year by weathering low crude prices with record-breaking production. But big ...

Heavy oil is produced by either cold production (often with managed sand) and high-torque artificial lift, or by in-situ thermal/solvent methods (CSS, Steamflood, SAGD, ISC, solvent-assist) that lower ...

FPSO (Floating Production, Storage, and Offloading) vessels are floating facilities that receive well fluids, process them to export-spec crude and gas, store stabilized crude, and offload to shuttle ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. The World’s August oil production increased by 405 kb/d ...

It is unclear what, if anything, Venezuela would get in return for the oil, which is worth somewhere between $1.8 billion and $3 billion at current market prices. By Stanley Reed and Chris Cameron ...