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The North American shale sector has always relied on brute force to get the job done in the subsurface. However, these days hydraulic fracturing involves more science, engineering, and finesse than ever.

A recently launched joint industry project (JIP) is working to improve petrophysical analysis methods to reduce the time and expense of characterizing tight sandstone gas reservoirs for exploration, appraisal, and production.

Mexico’s historic public tender for its deepwater real estate resulted in the awarding of eight out of 10 blocks on offer.

Surplus production in the oil markets is likely to grow in 2017, and long-term oil prices will track with costs and not revert to the margin-inflated patterns of the shale boom.

Iran’s national oil company is offering investment opportunities in 50 fields to global bidders, its first effort to do so since the 2015 pact with world powers that lifted nuclear-related sanctions against the country.

A new diagnostic technology that exclusively uses surface pressure data to map hydraulic fracturing in unconventional reservoirs has helped an operator to improve well completion designs in its Oklahoma field activities. 

This week the US Geological Survey (USGS) reported that the Wolfcamp shale holds 20 billion bbl of technically recoverable oil. This builds on other active formations in the Permian Basin, where nearly half of US active rigs are operating.

The US Energy Information Administration argues "downturn" may no longer be the right term.

Use of a complex-nanofluids (CNF) additive to hydraulic fracturing fluids has doubled even as activity has fallen because of potential production increases.

Earthquake in Cushing, OK -- home to the largest oil storage facility in the world -- leads to further regulatory action on disposal wells in the area.

The five top offshore producing nations produce 43% of all the oil offshore.

The outlook for the US onshore oil business is looking better, which is not to say it is looking up. Recent surveys by the Federal Reserve banks of Kansas City and Dallas indicated the industry had stabilized after a long period in critical condition.