Report: Offshore Drilling Lacks Charm; OPEC’s Compliance Alters Supply, Demand

In a report released on Aug. 8, “OPEC, Flaring, Offshore Drilling and More,” DrillingInfo offered an outlook on current trends impacting the energy market, namely the lack of interest in offshore drilling, OPEC’s compliance and gas flaring issues in the Permian.

Since the U.S. shale revolution began, the industry has seen onshore oil and gas account for most U.S. production. The report noted that non-major operators are more comfortable drilling onshore because production comes online sooner and drilling can be turned on or off depending on market conditions.