NABEP Expands Venezuela Rig Fleet to 41 Units as Output Tops 223,000 Boe/d - News and Statistics
Published . Updated .
NABEP is set to grow its Venezuela rig fleet to 41 units in November as part of a 60-rig plan, with production hitting 223,509 boe/d on October 19, up from about 200,000 in August, funded by reinvested oil revenue.
Directly affected
- No company is named in this report.
Indirectly affected
- OIH VanEck Oil Services ETF+2.0% 30d
VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “rig” (oilfield services) in this story.
- USO United States Oil Fund+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.
- SLB Slb N.V+3.8% 30d
Slb N.V (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story.
- HAL Halliburton+3.3% 30d
Halliburton (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story.
- BKR Baker Hughes-4.5% 30d
Baker Hughes (oil and gas field machinery and equipment): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story.
- NE Noble
Noble (drilling oil and gas wells): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story.
- XOM ExxonMobil Holdings+13.4% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| OIH | -2.14% | -0.61% | base | after close | after close | after close | after close |
| USONo price data for this ticker | — | — | — | — | — | — | — |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| SLB | -1.20% | +0.04% | base | after close | after close | after close | after close |
| HAL | -2.02% | -1.13% | base | after close | after close | after close | after close |
| BKR | +1.46% | -1.02% | base | after close | after close | after close | after close |
| NE | -2.20% | -3.99% | base | after close | after close | after close | after close |
| XOMNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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NABEP Expands Venezuela Rig Fleet to 41 Units as Output Tops 223,000 Boe/d - News and Statistics IndexBox
Source: IndexBox
Vaneck Vectors Etf (OIH) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Baker Hughes (BKR) | three days earlier | -1.02% | final price |
| Baker Hughes (BKR) | five days earlier | +1.46% | final price |
| Halliburton (HAL) | three days earlier | -1.13% | final price |
| Halliburton (HAL) | five days earlier | -2.02% | final price |
| Noble (NE) | three days earlier | -3.99% | final price |
| Noble (NE) | five days earlier | -2.20% | final price |
| Vaneck Vectors Etf (OIH) | three days earlier | -0.61% | final price |
| Vaneck Vectors Etf (OIH) | five days earlier | -2.14% | final price |
| Slb (SLB) | three days earlier | +0.04% | final price |
| Slb (SLB) | five days earlier | -1.20% | final price |
Congressional stock trades in Vaneck Vectors Etf (OIH)
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 17 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 61 days before publication. Filed 25 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Vaneck Vectors Etf (OIH)
Companies carried with this story
- OIH Vaneck Vectors Etf
In “NABEP Expands Venezuela Rig Fleet to 41 Units as Output Tops 223,000 Boe/d - News and Statistics,” Vaneck Vectors Etf (OIH) is linked, with no stored direction, medium confidence. Reason on file: VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “rig” (oilfield services) in this story
- SLB Slb
In “NABEP Expands Venezuela Rig Fleet to 41 Units as Output Tops 223,000 Boe/d - News and Statistics,” Slb (SLB) is linked, with no stored direction, medium confidence. Reason on file: Slb N.V (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story
- HAL Halliburton
Halliburton (HAL) is linked, with no stored direction, medium confidence in the 31 Oct 2026 story “NABEP Expands Venezuela Rig Fleet to 41 Units as Output Tops 223,000 Boe/d - News and Statistics.” Reason on file: Halliburton (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story
- BKR Baker Hughes
For “NABEP Expands Venezuela Rig Fleet to 41 Units as Output Tops 223,000 Boe/d - News and Statistics,” Baker Hughes (BKR) is linked, with no stored direction, medium confidence. Reason on file: Baker Hughes (oil and gas field machinery and equipment): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story
- NE Noble
For “NABEP Expands Venezuela Rig Fleet to 41 Units as Output Tops 223,000 Boe/d - News and Statistics,” Noble (NE) is linked, with no stored direction, medium confidence. Reason on file: Noble (drilling oil and gas wells): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story
Vaneck Vectors Etf (OIH)
“NABEP Expands Venezuela Rig Fleet to 41 Units as Output Tops 223,000 Boe/d - News and Statistics” (31 Oct 2026) reaches Vaneck Vectors Etf (OIH) through this story.
For Vaneck Vectors Etf (OIH), the reason on file says VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “rig” (oilfield services) in this story
A second company, Slb (SLB), is listed for a different reason: Slb N.V (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story
Dates and price levels for Vaneck Vectors Etf (OIH)
HAL traded between 31.41 and 36.53 across 20 sessions. The latest close on file is 36.18. OIH traded between 367.58 and 412.72 across 20 sessions. The latest close on file is 409.20. SLB traded between 47.17 and 54.38 across 20 sessions. The latest close on file is 53.74.
How strong the case is around Vaneck Vectors Etf (OIH)
40 out of 100
“NABEP Expands Venezuela Rig Fleet to 41 Units as Output Tops 223,000 Boe/d - News and Statistics” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.