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2016-11-07 18:35:00

WORLDWIDE RIG COUNT DOWN 466

WORLDWIDE RIG COUNT DOWN 466

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for October 2016 was 920, down 14 from the 934 counted in September 2016, and down 191 from the 1,111 counted in October 2015. The international offshore rig count for October 2016 was 200, down 21 from the 221 counted in September 2016, and down 70 from the 270 counted in October 2015.

The average U.S. rig count for October 2016 was 544, up 35 from the 509 counted in September 2016, and down 247 from the 791 counted in October 2015. The average Canadian rig count for October 2016 was 156, up 15 from the 141 counted in September 2016, and down 28 from the 184 counted in October 2015.

The worldwide rig count for October 2016 was 1,620, up 36 from the 1,584 counted in September 2016, and down 466 from the 2,086 counted in October 2015.

 

October 2016 Rotary Rig Counts

  October 2016   September 2016 October 2015
  Land Offshore Total

Month
Variance

Land Offshore Total Land Offshore Total
                     
Latin America 153 30 183 -6 151 38 189 239 55 294
Europe 63 24 87 -5 56 36 92 65 43 108
Africa 67 10 77 0 68 9 77 64 29 93
Middle East 339 52 391 5 336 50 386 349 54 403
Asia Pacific 98 84 182 -8 102 88 190 124 89 213
International 720 200 920 -14 713 221 934 841 270 1,111
                     
United States 521 23 544 35 491 18 509 758 33 791
Canada 154 2 156 15 140 1 141 183 1 184
North America 675 25 700 50 631 19 650 941 34 975
                     
Worldwide 1,395 225 1,620 36 1,344 240 1,584 1,782 304 2,086

 

-----

Earlier: 

WORLDWIDE RIG COUNT UP 37 

INTERNATIONAL RIG COUNT DOWN 200 

INTERNATIONAL RIG COUNT DOWN 686 

WORLDWIDE RIG COUNT DOWN 729 

WORLDWIDE RIG COUNT DOWN 722

 

 

Tags: OIL, GAS, RIG, COUNT

Chronicle:

WORLDWIDE RIG COUNT DOWN 466
October, 18, 18:40:00

U.S. LNG RISK

There are more than a dozen LNG export projects currently being proposed to US regulators, though across the industry almost no final investment decisions have been announced over the last 18 months and some developers have delayed their decisions into 2018 or beyond. Few firm supply purchase agreements have been announced for the projects that have yet to commit to moving forward.

WORLDWIDE RIG COUNT DOWN 466
October, 18, 18:35:00

CANADA'S OIL PRICE: $50 - $53

According to the U.S. Energy Information Administration, Canada's largest energy customer has boosted domestic oil production from less than four million barrels per day in 2008 to 9.2 million bpd now, while gas output has risen from 67 million cubic feet per day to 89 million cf/d.

WORLDWIDE RIG COUNT DOWN 466
October, 18, 18:30:00

EGYPT SOLAR INVESTMENT

Egypt’s fledgling solar industry attracted $1.8 billion of investment, largely from the European Bank of Reconstruction and Development and the World Bank’s International Finance Corp.

WORLDWIDE RIG COUNT DOWN 466
October, 16, 12:25:00

OIL PRICE: ABOVE $57 AGAIN

International Brent crude futures LCOc1 were at $57.75 per barrel at 0733 GMT, up 58 cents from the previous close, after trading as high as $58.13. U.S. WTI crude was at $51.95 per barrel, up 50 cents. Earlier in the day, it traded as high as $52.22.

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