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2016-07-08 18:05:00

WORLDWIDE RIG COUNT DOWN 729

WORLDWIDE RIG COUNT DOWN 729

 

RIG COUNT 1991 - 2016

 

Jul. 8, 2016-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for June 2016 was 927 down 28 from the 955 counted in May 2016, and down 219 from the 1,146 counted in June 2015. The international offshore rig count for June 2016 was 223, down 6 from the 229 counted in May 2016, and down 54 from the 277 counted in June 2015.

The average U.S. rig count for June 2016 was 417, up 9 from the 408 counted in May 2016, and down 444 from the 861 counted in June 2015. The average Canadian rig count for June 2016 was 63, up 21 from the 42 counted in May 2016, and down 66 from the 129 counted in June 2015.

The worldwide rig count for June 2016 was 1,407, up 2 from the 1,405 counted in May 2016, and down 729 from the 2,136 counted in June 2015.

June 2016 Rotary Rig Counts

 

June 2016

 

May 2016

June 2015

  Land Offshore Total Month Variance Land Offshore Total Land Offshore Total
                     
Latin America 147 31 178 -10 158 30 188 252 62 314
Europe 52 39 91 -4 53 42 95 65 48 113
Africa 68 19 87 -4 71 20 91 74 29 103
Middle East 341 48 389 -2 340 51 391 352 49 401
Asia Pacific 96 86 182 -8 104 86 190 126 89 215
International 704 223 927 -28 726 229 955 869 277 1,146
                     
United States 396 21 417 9 384 24 408 833 28 861
Canada 63 0 63 21 40 2 42 125 4 129
North America 459 21 480 30 424 26 450 958 32 990
                     
Worldwide 1,163 244 1,407 2 1,150 255 1,405 1,827 309 2,136

-----

Earlier: 

U.S. RIGS UP 10 

U.S. JOBS DOWN 100,000 

WORLDWIDE RIG COUNT DOWN 722 

OIL COMPANIES RESTRUCTURING 

HALLIBURTON & BAKER HUGHES TERMINATION

 

 

Tags: OIL, GAS, RIG, COUNT, BAKER, HUGHES

Chronicle:

WORLDWIDE RIG COUNT DOWN 729
2018, January, 19, 12:15:00

S.KOREA'S DIVERSIFICATION

PLATTS - For full-year 2017, South Korea's crude imports from its biggest supplier Saudi Arabia fell 1.7% to 319.02 million barrels, compared with 324.45 million barrels in the previous year, customs data showed. On the contrary, South Korea has imported 1.77 million mt, or around 13 million barrels, of crude from the US in 2017, about four times higher than in 2016. Shipments from Russia grew to 140,000 b/d last year from 112,000 b/d in 2016.

WORLDWIDE RIG COUNT DOWN 729
2018, January, 19, 12:10:00

ADNOC'S 2030 STRATEGY

AOG - ADNOC’s 2030 strategy, he said, aims to capitalise on predicted global economic growth and demand for oil and petrochemical products, particularly in non-OECD countries. As its business responds to changing market dynamics, the company will continue to broaden its partnership base, strengthen its profitability, adapt to new realities and expand market access.

WORLDWIDE RIG COUNT DOWN 729
2018, January, 19, 12:05:00

TOSHIBA SELLS WESTINGHOUSE

WNN - Under the terms of the assignment and purchase agreement it has signed with Nucleus and Brookfield, Toshiba will sell its rights to assert claims against Westinghouse related to the parent guarantees in the amount of $5.788 billion, and on account of other claims Toshiba holds against Westinghouse in the amount of $2.284 billion to Nucleus, for the sale price of $2.160 billion.

WORLDWIDE RIG COUNT DOWN 729
2018, January, 17, 23:50:00

OIL PRICES: NOT ABOVE $70 YET

REUTERS - Brent crude futures LCOc1 were at $69.23 a barrel at 0808 GMT, up 8 cents from their last close, but down from a high of $69.37 earlier in the day. Brent on Monday rose to $70.37 a barrel, its highest since December 2014, the start of a three-year oil price slump. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.84 a barrel, down from a high of $63.89 earlier, but up 11 cents from their last settlement. WTI hit $64.89 on Tuesday, also the highest since December 2014.

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