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2016-08-05 18:40:00

INTERNATIONAL RIG COUNT DOWN 686

INTERNATIONAL RIG COUNT DOWN 686

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for July 2016 was 938, up 11 from the 927 counted in June 2016, and down 180 from the 1,118 counted in July 2015. The international offshore rig count for July 2016 was 226, up 3 from the 223 counted in June 2016, and down 38 from the 264 counted in July 2015.

The average U.S. rig count for July 2016 was 449, up 32 from the 417 counted in June 2016, and down 417 from the 866 counted in July 2015. The average Canadian rig count for June 2016 was 94, up 31 from the 63 counted in June 2016, and down 89 from the 183 counted in July 2015.

The worldwide rig count for July 2016 was 1,481, up 74 from the 1,407 counted in June 2016, and down 686 from the 2,167 counted in July 2015.

 

July 2016 Rotary Rig Counts

 
                                         
   

July 2016

      June 2016   July 2015
    Land   Offshore   Total  

Month
Variance

  Land   Offshore   Total   Land   Offshore   Total
                                         
Latin America   153   33   186   8   147   31   178   259   54   313
Europe   52   42   94   3   52   39   91   60   48   108
Africa   70   12   82   -5   68   19   87   69   25   94
Middle East   339   51   390   1   341   48   389   342   49   391
Asia Pacific   98   88   186   4   96   86   182   124   88   212

International

  712   226   938   11   704   223   927   854   264   1,118
                                         
United States   429   20   449   32   396   21   417   835   31   866
Canada   92   2   94   31   63   0   63   179   4   183
North America   521   22   543   63   459   21   480   1,014   35   1,049
                                         
Worldwide   1,233   248   1,481   74   1,163   244   1,407   1,868   299   2,167

 

-----

Earlier: 

WORLDWIDE RIG COUNT DOWN 729 

WORLDWIDE RIG COUNT DOWN 722

 

 

 

Tags: OIL, GAS, RIG, COUNT

Chronicle:

INTERNATIONAL RIG COUNT DOWN 686
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.

INTERNATIONAL RIG COUNT DOWN 686
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.

INTERNATIONAL RIG COUNT DOWN 686
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.

INTERNATIONAL RIG COUNT DOWN 686
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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