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 …
The First Well on the Offshore Block in Kazakhstan, Where the Azerbaijani SSDR Was Used, Turned Out to be “Dry”
The first well on the Zhenis offshore block in the Kazakh sector of the Caspian Sea turned out to be “dry”, Upstream writes. Well V-1 had a target depth of 3,300 meters. Drilling began at the end of last year using the Dada Gorgud jack-up drilling rig of the Azerbaijani …
NIDC Drilled 27 Oil and Gas Wells in 100 days
The National Iranian Drilling Company (NIDC) has dug and completed 27 oil and gas wells during the first 100 days of the current Iranian calendar year (March 21 to June 30), the company’s managing director said. According to Hamidreza Golpayegani, the drilled wells consisted of two production and 25 capital …
China Intends to Drill the Deepest Well in the World
Scientists want to study the internal structure and evolution of the Earth for geological and geophysical research. Drilling has begun on what could be the world’s deepest well in northwestern China. It is located in the desert region of the Tarim Basin (Xinjiang region). The shaft of the “mine” will …
R&D Center for Gas&Oil Tech Took Part in the Rosneft XIV Corporate Conference for Well Construction and Sidetracking
On May 26, 2023, the XIV Corporate Conference on well construction and sidetracking completed its work based on the results of work for 2020-2022. (Orenburg), where a report was made on “Interactive-industrial professional retraining of drilling supervisors of Rosneft Oil Company” by the President of JSC “NIPTs GNT” V.V. Kulchitsky, …
Five New Wells were Drilled by Belarusian Oilmen in May
In May, the stock of wells of Belorusneft was replenished with new objects – specialists from the Svetlogorsk drilling department drilled 5 wells, BelTA learned from the company. And the team of the company’s rigging department handed over 4 mounted drilling rigs in Belarus to the Svetlogorsk drilling department in …
Oilfield Services Companies Received Record Revenue in Russia in 2022
The revenue of oilfield services companies in Russia in 2022 reached a record level since at least 2018 (latest available data) and amounted to 1.79 trillion rubles. This is stated in the review of Kasatkin Consulting (ex-Deloitte team in Russia), which Vedomosti got acquainted with. According to analysts, last year …
BP Expects to Complete Drilling of a New Exploration Well in Shah Deniz by 2024
By the end of 2023, BP plans to complete drilling of a new exploration well “SDX-8” at the Shah Deniz field in the Azerbaijani sector of the Caspian Sea. “This exploratory drilling program at Shah Deniz is designed for 12 months. The well is being drilled from the previously undeveloped …
Iraq Invited International Companies to Develop Oil and Gas Fields
Iraqi Oil Minister Hayan Abdel Ghani has invited international companies to bid for investment projects to develop 13 fields and exploration sites in the country’s northern, central and southern provinces, the oil ministry’s press office said in a statement to RIA Novosti. “The Ministry seeks to increase oil and gas …
The US Department of Energy Predicted an Increase in Oil Production in the Country in June
Oil production in the main oil and gas producing regions of the United States, in which a significant part of the production is shale oil, will rise in June compared to the current month by 41 thousand barrels per day, or 0.4%, to 9.332 million barrels, the Energy Information Administration …