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Drilling & production

KBC Energy Economics oil market outlook

Oil prices have continued to plunge in the wake of OPEC’s decision not to cut oil output in support of prices at its 27 November meeting.

 
 
 
 
 
 
 

Lower 48 production stable

Lower 48 oil production outlook stable despite expected near-term reduction in rig count.

 
 
 

Aker Geo becomes First Geo

Leading sub-surface consultancy Aker Geo will operate under the First Geo brand with immediate effect.

 
 

Smallest look weakest

Oil services companies that supply rigs and carry out seismic surveys face a bleak outlook of cutbacks and contract cancellations.