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2016-09-08 18:35:00

INTERNATIONAL RIG COUNT DOWN 200

INTERNATIONAL RIG COUNT DOWN 200

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for August 2016 was 937 down 1 from the 938 counted in July 2016, and down 200 from the 1,137 counted in August 2015. The international offshore rig count for August 2016 was 228, up 2 from the 226 counted in July 2016, and down 42 from the 270 counted in August 2015.

The average U.S. rig count for August 2016 was 481, up 32 from the 449 counted in July 2016, and down 402 from the 883 counted in August 2015. The average Canadian rig count for August 2016 was 129, up 35 from the 94 counted in July 2016, and down 77 from the 206 counted in August 2015.

The worldwide rig count for August 2016 was 1,547, up 66 from the 1,481 counted in July 2016, and down 679 from the 2,226 counted in August 2015.

August 2016 Rotary Rig Counts

 

August 2016

  July 2016 August 2015
  Land Offshore Total

Month
Variance

Land Offshore Total Land Offshore Total
                     
Latin America 150 37 187 1 153 33 186 266 53 319
Europe 58 38 96 2 52 42 94 65 44 109
Africa 70 11 81 -1 70 12 82 70 26 96
Middle East 329 50 379 -11 339 51 390 341 52 393
Asia Pacific 102 92 194 8 98 88 186 125 95 220
International 709 228 937 -1 712 226 938 867 270 1,137
                     
United States 464 17 481 32 429 20 449 849 34 883
Canada 128 1 129 35 92 2 94 202 4 206
North America 592 18 610 67 521 22 543 1,051 38 1,089
                     
Worldwide 1,301 246 1,547 66 1,233 248 1,481 1,918 308 2,226

-----

Earlier: 

U.S. RIGS UP 8 

INTERNATIONAL RIG COUNT DOWN 686 

WORLDWIDE RIG COUNT DOWN 729 

U.S. OIL WELL COMPLETIONS DOWN 69% 

GLOBAL INVESTMENT DOWN $1 TLN

 

 

 

 

Tags: OIL, GAS, RIG, COUNT, INTERNATIONAL

Chronicle:

INTERNATIONAL RIG COUNT DOWN 200
November, 20, 09:05:00

INDIA'S GAS WILL UP

REUTERS - India’s natural gas consumption is expected to rise to 70 billion cubic metres (bcm) by 2022 and 100 bcm by 2030, according to a government think tank and the Oxford Institute of Energy Studies, up from 50 bcm now. India burns just 7 percent of what top user the United States consumes in a year with about a quarter of India’s population.

INTERNATIONAL RIG COUNT DOWN 200
November, 20, 09:00:00

NORWAY SELLS OIL & GAS

Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to declining crude prices without its fund investing in the industry, the central bank said Thursday. The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, after it sold most of its coal stocks.

INTERNATIONAL RIG COUNT DOWN 200
November, 20, 08:55:00

OIL PRICES UP

WSJ - Light, sweet crude for December delivery rose $1.41, or 2.6%, to $56.55 a barrel on the New York Mercantile Exchange, snapping a three-session losing streak. Brent, the global benchmark, advanced $1.36, or 2.2%, to $62.72 a barrel.

INTERNATIONAL RIG COUNT DOWN 200
November, 20, 08:50:00

U.S. RIGS UP 8 TO 915

U.S. Rig Count is up 327 rigs from last year's count of 588, with oil rigs up 267, gas rigs up 61, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 24 rigs from last year's count of 184, with oil rigs up 9 and gas rigs up 15.

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