Oil Production at ACG in the First Half of the Year was Carried out From 137 Wells
Oil production from the Azeri-Chirag-Guneshli (ACG) block in the first half of 2023 was carried out from 137 production wells, Interfax-Azerbaijan was told in the press service of the bp company (operator for the development of the Azeri-Chirag-Guneshli field block, ACG). “In January-June 2023, three oil producing and four water …
Contractors for bp Projects in Azerbaijan Increased the Volume of Completed Orders by 10% in the First Half of the Year
Contracting companies for bp projects in Azerbaijan in the first half of 2023 completed orders worth $718.5 million, which is 10% higher than in January-June 2022, the bp-Azerbaijan press service told Interfax-Azerbaijan. “Out of the indicated amount, 14 joint ventures completed orders for $356 million, $22.3 million – 18 state-owned …
The Number of Oil and Gas Drilling Rigs in the World Increased in July
The number of active oil and gas drilling rigs around the world rose by 20 in July compared to June, or 1.1%, to 1820, according to data from the American oil and gas service company Baker Hughes. In annual terms, the number of operating drilling rigs increased by 45, or …
OMV Norge Receives Permission to Drill Exploratory Well 6607/3-1 S in the Norwegian Sea
The Norwegian Petroleum Directorate (NPD) has granted Norwegian OMV Norge (a subsidiary of the Austrian oil and gas company OMV) permission to drill the 6607/3-1 S exploration well in the Norwegian Sea. This was reported by the press service of the NPD. The program for well 6607/3-1 S provides for …
Saudi Arabia and Russia were Thanked for Cutting Oil Production
The OPEC+ Monitoring Committee expressed gratitude to Saudi Arabia for extending the voluntary cut in oil production by 1 million barrels per day in September, and to Russia for the voluntary cut in exports by 300,000 barrels per day, the communiqué says. “The Committee also expressed its recognition and support …
Saipem to Build Infrastructure for OMV Petrom’s Black Sea Project
The Italian Saipem has concluded an EPCIC contract (construction, supply, installation and commissioning) with OMV Petrom for a gas production platform and other infrastructure for the implementation of the largest gas project on the Black Sea shelf in Romania – Neptun Deep, the Italian company said. The platform will be …
Sierra Leone Welcomes Lukoil’s Participation in Field Development
Freetown would be happy about Lukoil’s participation in the development of oil fields in Sierra Leone, Mohamed Yongavo, the republic’s ambassador to Russia, told RIA Novosti. “You can’t do business in oil production, ignoring the existence of Lukoil or Rosneft. We would be happy to have Lukoil involved in oil …
Sierra Leone Wants to Establish Partnership With Rosgeologiya
Freetown would like to establish a partnership with Rosgeologia, Sierra Leone’s ambassador to Russia, Mohamed Yongavo, told RIA Novosti. “Sierra Leone would very much like to establish a partnership with Rosgeologiya. We have also been in contact with Rusal and Alrosa. The coronavirus pandemic got in the way. We hope …
Nabors Announces Second Quarter 2023 Results
Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported second quarter 2023 operating revenues of $767 million, compared to operating revenues of $779 million in the first quarter. The net income attributable to Nabors shareholders for the quarter was $5 million, compared to $49 million in the first …
Halliburton Launches Obex EcoLock® Casing Annulus Packer to Help Prevent Sustained Casing Pressure
Halliburton Company today introduced Obex EcoLock®, a new compression-set packer that helps prevent sustained casing pressure (SCP). The Obex EcoLock packer serves as a cost-effective mechanical barrier to mitigate low pressure gas or fluid migration and deliver isolation assurance. The Obex EcoLock packer, the newest addition to the Halliburton family …