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 …
BP Begins Exploration Campaign on the Canadian Shelf
The leading international mining corporation BP is starting an exploration campaign on the Canadian shelf. The company’s plans include geological exploration with potential discoveries worth billions of barrels of oil. The drilling vessel Stena IceMax will drill the Ephesus F-94 well in the Orphan Basin offshore Newfoundland and Labrador. According …
NaftaGaz Reached 5 Million Meters Drilled
The indicator of 5 million meters of penetration was achieved during the construction of well No. 786 at the well pad No. 31B of the Karamovskoye field, the customer is Gazpromneft-Nobyarskneftegaz. This milestone is an important achievement of NaftaGaz, confirming its leading position in the industry. General Director Islam Nazaraliev …
NOVATEK is Implementing an Oil Program at the Harbeyskoye Field
NOVATEK-Tarkosaleneftegaz, a subsidiary of NOVATEK, is building an oil treatment unit (OTF) at the Harbeyskoye oil and gas condensate field (NGKM) in the Yamalo-Nenets Autonomous Okrug (YaNAO). NOVATEK announced this on May 3, 2023 in its Telegram channel. The OTU is being built on a neighboring site with an operating …
Russian Oilmen Increased Commissioning of New Wells
In the first quarter of 2023, Russian oil companies put into operation 2001 new oil wells, which is 10% more than in the same period in 2022. This was reported to Vedomosti by two sources familiar with the statistics of the Ministry of Energy. According to them, the increase in …
Sinopec Starts Drilling Asia’s Deepest Oil & Gas Well
The Yuejin 3-3 (1-3-3XC) well will be drilled in the Shendi-1 section of the Shunbei oil and gas field in the Tarim Basin. The well is being built in the difficult conditions of the Takla Makan desert in the Xinjiang Uygur Autonomous Region in northwest China. According to Sinopec, the …
Employers Ordered to Pay Travel Expenses for Shift Workers
Employees working on a rotational basis received a new guarantee. From March 1, 2023, employers are required to pay for travel from the collection point to the place of work and back. The Labor Code indicates the main difference between shift work and other formats. With it, it is impossible …
Nabors Industries Issues Statement on Planned Business Combination Between Nabors Energy Transition Corporation and Vast
Nabors Industries Ltd. issued the following statement today from Chairman, President and CEO Anthony G. Petrello regarding the entry into a business combination agreement between the special purpose acquisition company (SPAC) Nabors formed in 2021, Nabors Energy Transition Corporation (NYSE: NETC, NETC.U, NETC.WS), and Vast Pty Ltd (“Vast”): “We welcome …
Nabors Announces Fourth Quarter 2022 Results
Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported fourth quarter 2022 operating revenues of $760 million, an increase of approximately 10%, compared to operating revenues of $694 million in the third quarter of 2022. The net loss attributable to Nabors shareholders for the quarter was $69 million, or …