Make no doubt the USA is leaving Iraq. We have paid enough for Dick's oil fields.
...Several of the world’s biggest oilfield (click title to entry - thank you) services companies are preparing to work on the giant Majnoon oilfield in Iraq.Companies including Halliburton, Nabors and possibly Petrofac are finalising contracts to help Royal Dutch Shell and Malaysia’s state-owned Petroliam Natsional (Petronas) boost the field’s production capacity to 1.8 million barrels per day (bpd) from its current output of just under 45,000 bpd.
“These contracts are part of implementing the preliminary plan to develop Majnoon oilfield for the next two years,” an Iraqi official said.
Yesterday, Halliburton, which is headquartered in Houston and Dubai, said it had received a letter of intent from Shell for the development of Majnoon in affiliation with the US company Nabors and the state-owned Iraq Drilling Company.
It said the contract was subject to final approval by Iraqi authorities....
Nabors Industries Ltd. and Superior Well Services, Inc. Announce Definitive Merger Agreement
8/9/2010 6:04:00 AM
HAMILTON, Bermuda and INDIANA, Pa.,
Aug 09, 2010
PRNewswire via COMTEX/ --
Nabors Industries Ltd. (Nabors) (NYSE: NBR) and Superior Well Services, Inc. (Superior Well Services) (Nasdaq: SWSI) today announced that they have entered into a definitive merger agreement whereby Nabors will acquire Superior Well Services. The agreement contemplates that Nabors will commence a tender offer for all outstanding shares of Superior Well Services common stock at a price of $22.12 per share in cash in accordance with the merger agreement. The transaction is valued at approximately $900 million....
Fracturing causes water contamination, pollution and human and livestock illnesss. Poland needs to focus on Alternative Energy sources for their utility needs.
FOR IMMEDIATE RELEASE: August 12, 2010
HALLIBURTON DELIVERS FIRST SHALE FRACTURING OPERATION IN POLAND
Halliburton leverages shale gas technologies and experience developed in the US to support development of unconventional gas resources in Continental Europe
HOUSTON – (Aug. 12, 2010) – Halliburton (NYSE: HAL) recently performed the first-ever, shale hydraulic fracturing operation in Poland for PGNiG, the state-owned Polish oil and gas company. PGNiG contracted Halliburton to fracture the Markowola-1 exploratory well near Kozienice, Lublin province, to determine if the site contained commercial gas deposits. Increasing demand for natural gas in Poland has companies searching for domestic sources of unconventional gas deposits.
European countries have been struggling with declining production and increasing demand, according to published reports. The successful development of shale gas in Europe will provide energy and economic security for consumers.
“To have been chosen to provide the first fracture stimulation project in Poland was very exciting for us,” said Brady Murphy, vice president, Halliburton's Europe/West Africa Region....
FOR IMMEDIATE RELEASE: June 21, 2010
HALLIBURTON NAMES ABDALLAH S. JUM’AH TO BOARD OF DIRECTORS
HOUSTON and DUBAI - Halliburton (NYSE: HAL) announced today that Abdallah S. Jum'ah has been named to the Company's Board of Directors. The appointment is effective July 14, 2010.
Halliburton Chairman of the Board, President and Chief Executive Officer Dave Lesar commented: "Abdallah Jum'ah brings tremendous global knowledge and industry wisdom to our Board and we are delighted that someone of his caliber became available for service to our organization. We look forward to working with him and introducing him to shareholders at the annual meeting in 2011."...
Mr. Abdallah S. Jum’ah, President and Chief Executive Officer of Saudi Aramco was recently selected the Petroleum Executive of the Year for 2005 by the Energy Intelligence Group. He began his career in Saudi Aramco in 1968 and has since 1995 served as President and CEO of the world’s largest oil producing company, managing a quarter of the world’s total oil reserves. Mr. Jum’ah also serves on the company’s Board of Directors and on the Supreme Council of Petroleum and Mineral Affairs chaired by H.M. King Fahd of Saudi Arabia....
FOR IMMEDIATE RELEASE: August 18, 2010
HALLIBURTON AWARDED LETTER OF INTENT FOR DEVELOPMENT OF MAJNOON FIELD IN IRAQ
HOUSTON, TX and DUBAI, UAE – Aug. 18, 2010 – Halliburton (NYSE: HAL) has been awarded a letter of intent by Shell Iraq Petroleum Development B.V. for the development of the Majnoon field in Southern Iraq.
The giant Majnoon field is one of the world's largest oilfields. The letter of intent provides that Halliburton will serve as project manager for the development work, in affiliation with Nabors Drilling and Iraq Drilling Company (IDC). The contract is still subject to final approval by the appropriate Iraqi authorities.
Shell is lead operator and holds a 45 percent share, partner Petroliam Nasional Berhad (Petronas) holds 30 percent and the Iraqi state holds 25 percent of the participating interests in all licenses. Shell has announced that the consortium intends to increase production from the current ~45,000 barrels of oil per day to a targeted production plateau of 1.8 million barrels of oil per day.
“Halliburton has made a sizeable investment in Iraq and we look forward to providing services to Shell and the consortium in order to increase production at this historic oil field,” said Dave Lesar, Halliburton's Chairman, President and CEO. “We have in place the technology, equipment and personnel to ensure that we deliver the solutions that will help our customers in this region to meet their production goals.”
Halliburton has been active in the Middle East since 1946. Currently, Halliburton has more than 4,000 employees in the Middle East, and construction on phase I of Halliburton's 400-man base in Burjisia, Iraq is complete.
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With more than 50,000 employees in approximately 70 countries, the company serves the upstream oil and gas industry throughout the life cycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field. Visit the company's Web site at www.halliburton.com.
...Instead, BP appears to be pushing blame towards its contractors, Transocean and Halliburton. In May, it identified seven mechanisms that may have contributed to the disaster, most of which were the direct responsibility of Transocean or Halliburton....