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2016-10-10 18:40:00

WORLDWIDE RIG COUNT UP 37

WORLDWIDE RIG COUNT UP 37

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for September 2016 was 934 down 3 from the 937 counted in August 2016, and down 206 from the 1,140 counted in September 2015. The international offshore rig count for September 2016 was 221, down 7 from the 228 counted in August 2016, and down 47 from the 268 counted in September 2015.

The average U.S. rig count for September 2016 was 509, up 28 from the 481 counted in August 2016, and down 339 from the 848 counted in September 2015. The average Canadian rig count for September 2016 was 141, up 12 from the 129 counted in August 2016, and down 42 from the 183 counted in September 2015.

The worldwide rig count for September 2016 was 1,584, up 37 from the 1,547 counted in August 2016, and down 587 from the 2,171 counted in September 2015.

 

September 2016 Rotary Rig Counts

  September 2016   August 2016 September 2015
  Land Offshore Total

Month
Variance

Land Offshore Total Land Offshore Total
                     
Latin America 151 38 189 2 150 37 187 266 55 321
Europe 56 36 92 -4 58 38 96 62 47 109
Africa 68 9 77 -4 70 11 81 71 25 96
Middle East 336 50 386 7 329 50 379 349 47 396
Asia Pacific 102 88 190 -4 102 92 194 124 94 218
International 713 221 934 -3 709 228 937 872 268 1,140
                     
United States 491 18 509 28 464 17 481 816 32 848
Canada 140 1 141 12 128 1 129 181 2 183
North America 631 19 650 40 592 18 610 997 34 1,031
                     
Worldwide 1,344 240 1,584 37 1,301 246 1,547 1,869 302 2,171

-----

Earlier: 

U.S. RIGS UP 11 

INTERNATIONAL RIG COUNT DOWN 200 

U.S. JOBS DOWN 142,000 

NABORS NET LOSS $583 MLN 

BAKER HUGHES NET LOSS $911 MLN

 

 

Tags: OIL, GAS, RIG, COUNT

Chronicle:

WORLDWIDE RIG COUNT UP 37
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

WORLDWIDE RIG COUNT UP 37
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

WORLDWIDE RIG COUNT UP 37
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

WORLDWIDE RIG COUNT UP 37
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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