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11:25 amSC likely to set up special bench during Dussehra break to hear Vijayan’s plea
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11:24 amFBI extradites most-wanted fraudster from India
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SponsoredPut your announcement in this ticker from ₹69/day
11:17 amElectric car crashes into divider, triggers multiple vehicle commission on Hyderabad’s PVNR Expressway
11:16 amRs 8,400 Crore Under Lens: Supreme Court Ruling Jolts Yes Bank Investors, Shares Slide 15%
11:16 amTPCC chief reiterates demand for BC/OBC column in Census-2027, assures greater political share for BCs
11:16 amKuwait Airways flight grounded in Thiruvananthapuram airport due to technical issues returns to Kuwait
11:11 amTwo drown in the Krishna in separate incidents in Andhra’s Krishna district; bodies retrieved
11:11 amRajnath Singh accuses Congress of seeking ‘regime change through violence’ amid anti-CEC protests
11:11 amShivraj Chouhan leads delegation to Mohan Yadav over Kosmi demolition row
11:10 amFrom idle plots to tapping trails: rubber boom lifts hopes for stakeholders in Keralam
11:07 am"Why Not Go To Approved Sites?" Delhi Traders' Body To Protesters

Business

Venezuela's Oil Recovery Gains Momentum as New Drilling Rigs Arrive

Reported by Oil Price 15 Oct 2026, 10:30 pm IST 1 min read

Image: Oil Price. Rights remain with the publisher.

Eleven new 550-horsepower workover rigs will work in Venezuela’s oil fields this month. According to North American Blue Energy Partners (NABEP), which announced the deployment on 13 October, they are the first new mobile repair-and-maintenance units to enter the country’s fields in more than 15 years. Two 1,500-horsepower drilling rigs arrived on 7 October, with more equipment to follow.

The company says it has now bought 60 rigs, 30 steam boilers and 70 pieces of heavy machinery, which it describes as the country's largest heavy-equipment…

Read the full report on Oil Price

Story file

Section: Business
First reported by: Oil Price
Reporter: cyril widdershoven
Published: Thursday, 15 October 2026, 10:30 pm IST
Coverage: One outlet so far

How this page works. The Headline Update lists this report from Oil Price with a short summary and a link to the original. The original reporting and photograph belong to the publisher. Spotted an error in our summary? Tell our corrections desk.