Venezuela

The recent production freefall could accelerate even further as US sanctions-related deadlines pass, the US Energy Information Administration said.

Take a quick look at some of the data points shaping upstream headlines and the movement of oil supplies around the world.

Thousands of oil workers are fleeing the state-run oil firm under the watch of its new military commander, who has quickly alienated the firm’s embattled upper echelon and its rank-and-file, according to union leaders.

Starving employees are growing too weak for heavy labor, hobbling the refineries that keep the economy running.

A fluid technology has been developed to deposit a thin, impermeable barrier over the pores and microfractures of weak, underpressured, and otherwise troublesome formations to maintain wellbore stability and reduce formation damage.

SNC-Lavalin was recognized by the Rice Global Engineering & Construction Forum’s Award of Excellence for the fast-track installation of a 150 MMcf/D natural gas processing plant for production from the offshore Venezuela Perla field.