Drilling Magazine Media Intelligence, Contextual Wisdom

TEHRAN, Jan. 18 (Shana) — Iran has opened its first oil industry museum in the southwestern city of Abadan. The museum is Iran’s oldest gas station that was established in Abadan in 1927 by British Petroleum. At that time it provided oil and gasoline for household and transportation sectors. It also served airplanes. Petroleum industry museums in Abadan are to ...

HOUSTON — Halliburton has signed a contract with Shell Iraq Petroleum Development to provide drilling services for sustained production at Shell’s Majnoon oil field in Southern Iraq. Under the contract, Halliburton will mobilize three rigs to drill development wells and carry out workover activities over the next two years. “We are pleased to be awarded this work and the opportunity ...

DAVOS, Switzerland (Bloomberg) — BP boss Bob Dudley is not yet ready to boost spending despite the rebound in oil prices. The company will keep capital expenditure below $17 billion this year and next, CEO Dudley said in a Bloomberg television interview in Davos, Switzerland. That’s $6 billion lower than 2014, when crude prices first started to slump, showing that ...

MILAN — Saipem has been awarded new contracts and the extension of pre-existing agreements in the onshore drillingsector in Saudi Arabia, Morocco, Bolivia and Argentina for a total value of $240 million. In the Middle East, a strategic area for the company, Saipem boosts its presence with a further important three-year extension to activities relating to six medium-sized onshore drilling ...

LONDON — Tullow Oil’s Erut-1 well in Block 13T, northern Kenya, has discovered a gross oil interval of 55 m with 25 m of net oil pay at a depth of 700 m. The overall oil column for the field is considered to be 100 m to 125 m. The objective of the well was to test a structural trap ...

TEHRAN, Jan. 16 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh says Iran’s crude oil revenue is expected to reach 41 billion dollars by the end of the current Iranian fiscal year to March 20 2017. Speaking in a televised interview, the official said that the sum, however, will be accessible by Iran in a matter of a few months. ...

TEHRAN, Jan. 16 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh said five new phases of the supergiant South Pars Gas Field will come on-stream by the end of the current Iranian calendar year which began on March 20. Speaking in a televised interview on Monday, the official said phases 17, 18, 19, 20 and 21 of the joint gas ...

TEHRAN, Jan. 17 (Shana) — The newly appointed director of international affairs of the National Iranian Oil Company (NIOC), Saeid Khoshrou, said Iran’s crude oil sale policies will not change under his leadership. Addressing his introduction ceremony on Monday, Khoshrou said the NIOC’s international activities will continue as before but bolstering negotiations and activities will be top on its agenda ...

TEHRAN, Jan. 17 (Shana) — National Iranian Gas Transmission Company (NIGTC) says it have supplied over 3 billion cubic meters of natural gas to northwestern provinces of the country for heating over the past 30 days. Saeid Tavakoli, managing director of the NIGTC, said natural consumption in the provinces rose by 115 mcm in the provinces in the Iranian month ...

BEAUMONT, Texas — Dragon Products is expanding its frac equipment rebuilding efforts to help oil production companies meet new market demand. Refurbishing used equipment can help production companies meet demand and put their oilfield equipment back to work. Dragon Products has the in-house technology and expertise to test, service, repair and rebuild virtually every unit in any frac fleet. Home ...