UPDATES:

May, 10 2026 One Week to Go Until IVS 2026: The Valve Industry Returns to Bergamo
May, 8 2026 Parker’s sensocontrol controller family expanded for modern connectivity and standardization
May, 7 2026 Maire secures Virginia contract via Nextchem
Ingersoll Rand acquires Italy’s Fox to expand metering and dosing capabilities
May, 6 2026 Ametek to buy CD&R-owned Indicor’s instrumentation businesses for $5 billion

Home / Updates / API reported probable end of downturn in o&g drilling activity

API reported probable end of downturn in o&g drilling activity

API announced today that estimated total wells drilled and completed in the fourth quarter of 2016 decreased 8.8 percent compared to the third quarter of 2016. This decrease is a drastic improvement from the same time period in 2015 which saw a 21 percent decrease in total wells drilled and completed.
The report shows USA as the world leader in the production and refining of oil and natural gas and in the reduction of carbon emissions which are near 20-year lows.