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2017-02-07 18:30:00

WORLDWIDE RIG COUNT UP 27

WORLDWIDE RIG COUNT UP 27

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for January 2017 was 933, up 4 from the 929 counted in December 2016, and down 112 from the 1,045 counted in January 2016. The international offshore rig count for January 2017 was 206, down 4 from the 210 counted in December 2016, and down 36 from the 242 counted in January 2016.

The average U.S. rig count for January 2017 was 683, up 49 from the 634 counted in December 2016, and up 29 from the 654 counted in January 2016. The average Canadian rig count for January 2017 was 302, up 93 from the 209 counted in December 2016, and up 110 from the 192 counted in January 2016.

The worldwide rig count for January 2017 was 1,918, up 146 from the 1,772 counted in December 2016, and up 27 from the 1,891 counted in January 2016.

 

January 2017 Rotary Rig Counts

 

January 2017

December 2016

January 2016

 

Land

Offshore Total

Month
Variance

Land Offshore Total Land Offshore Total
                     
Latin America 142 34 176 -8 152 32 184 192 51 243
Europe 67 31 98 -1 64 35 99 73 35 108
Africa 68 11 79 1 67 11 78 68 26 94
Middle East 334 48 382 6 331 45 376 352 55 407
Asia Pacific 116 82 198 6 105 87 192 118 75 193
International 727 206 933 4 719 210 929 803 242 1,045
                     
United States 659 24 683 49 611 23 634 627 27 654
Canada 301 1 302 93 207 2 209 190 2 192
North America 960 25 985 142 818 25 843 817 29 846
                     
Worldwide 1,687 231 1,918 146 1,537 235 1,772 1,620 271 1,891

 

-----

Earlier: 

WORLDWIDE RIG COUNT DOWN 197 

WORLDWIDE RIG COUNT DOWN 369 

WORLDWIDE RIG COUNT DOWN 466  

INTERNATIONAL RIG COUNT DOWN 200 

INTERNATIONAL RIG COUNT DOWN 686

 

 



Tags: RIG, COUNT, BAKER, HUGHES

Chronicle:

WORLDWIDE RIG COUNT UP 27
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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 27
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 27
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 27
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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