Tag: proven oil reserves

NABEP deploys 11 new workover rigs and adds two drilling rigs in Venezuela

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The Daily Journal.- North American Blue Energy Partners (NABEP) has begun deploying 11 new oil well maintenance rigs (workover rigs) in Venezuela, along with two 1,500-horsepower drilling rigs that arrived in the country on October 7, the company announced in a statement. According to NABEP, this marks the first time in more than 15 years […]

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Trump announces deal giving U.S. majority control over more than 65 billion barrels of proven oil reserves

Tatiana Da GamaLeave a Comment on Trump announces deal giving U.S. majority control over more than 65 billion barrels of proven oil reserves

The Daily Journal. — U.S. President Donald Trump announced Friday that Washington had reached an energy agreement with the Venezuelan government that he described as “the largest oil deal in world history,” under which U.S. companies will assume majority control over more than 65 billion barrels of proven crude oil reserves. In a message posted […]

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