Oil
Gas
Energy Machinery & Equipment
National Iranian Drilling Company (NIDC) has dug 124 oil and gas wells across the country during the past year, Shana reported quoting the managing director of the company as saying on Sunday.
Seyed Abdollah Mousavi said that the drilled wells consisted of one exploration well, 52 appraisal/development wells and 70 workover/completion wells.
He said some 170,270 meters of digging has been conducted for the mentioned onshore and offshore wells.
NIDC, a subsidiary of National Iranian Oil Company (NIOC), undertakes most drilling operations across the country and drilled 4,489 onshore and offshore oil and gas wells in nearly 40 years.
Oil prices fell on Monday after data showed that Chinese exports declined for a fourth straight month, sending shivers through a market already concerned about damage being done to global demand by the Sino-US trade war.
ROGESA Roheisengesellschaft Saar mbH, a joint subsidiary of AG der Dillinger Hüttenwerke und Saarstahl AG, has awarded Paul Wurth with the order to design and supply coke oven gas injection systems for the company’s blast furnaces No. 4 and No. 5 located in Dillingen/Saar, Germany.
Iranian acting banks are authorized to offer up to $3 billion of loans to the oil industry’s upstream sector, according to the country’s budget bill for the next calendar year (starts on March 19, 2020), IRNA reported.
Head of National Iranian Gas Company (NIGC) said his company is seriously pursuing a plan for indigenizing all the technology and equipment needed in the country’s gas industry within the next five years, IRIB reported on Monday.
Head of Iran’s Planning and Budget Organization (PBO) said the oil revenues in budget bill for the next Iranian calendar year (starts on March 20, 2020) are estimated on the expectations of selling one million barrels per day (bpd) of oil at an average price of $50, ISNA reported.
Coal power generation in the US continues to decline, according to a study by engineers from Carnegie Mellon University’s Scott Institute for Energy Innovation.