Tag Archives: oil fields

One of the Biggest U.S. Oil Fields Turns to an Unexpected Power Source: Solar

The Belridge oil field near Bakersfield, California, is one of the largest in the country. It has been producing oil for more than a century and last year produced around 76,000 barrels a day, according to operator Aera Energy. Now the oil field is about to become even more remarkable. Its future production will be […]

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Schlumberger Chief: Drilling Recovery “Is On Its Way in All Markets”

  Drillers will have to begin pouring cash back into oil fields around the world by the end of the year to prevent a global oil-production shortage in coming years, the CEO of Schlumberger said Friday. That’s why the world’s top oil field services company is gearing up for a global recovery in oil and […]

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