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2017-03-07 18:30:00

WORLDWIDE RIG COUNT UP 109

WORLDWIDE RIG COUNT UP 109

BAKER HUGHES - Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for February 2017 was 941, up 8 from the 933 counted in January 2017, and down 77 from the 1,018 counted in February 2016. The international offshore rig count for February 2017 was 200, down 6 from the 206 counted in January 2017, and down 25 from the 225 counted in February 2016.

The average U.S. rig count for February 2017 was 744, up 61 from the 683 counted in January 2017, and up 212 from the 532 counted in February 2016. The average Canadian rig count for February 2017 was 342, up 40 from the 302 counted in January 2017, and up 131 from the 211 counted in February 2016.

The worldwide rig count for February 2017 was 2,027, up 109 from the 1,918 counted in January 2017, and up 266 from the 1,761 counted in February 2016.

February 2017 Rotary Rig Counts

 

February 2017

 

January 2017

February 2016
       

Month

           
 

Land

Offshore Total

Variance

Land Offshore Total Land Offshore Total
                     
Latin America 147 32 179 3 142 34 176 187 50 237
Europe 69 38 107 9 67 31 98 71 36 107
Africa 68 9 77 -2 68 11 79 68 20 88
Middle East 337 45 382 0 334 48 382 354 50 404
Asia Pacific 120 76 196 -2 116 82 198 113 69 182
International

741

200 941 8 727 206 933 793 225 1,018
                     
United States 724 20 744 61 659 24 683 506 26 532
Canada 340 2 342 40 301 1 302 208 3 211
North America 1,064 22 1,086 101 960 25 985 714 29 743
                     
Worldwide 1,805 222 2,027 109 1,687 231 1,918 1,507 254 1,761

-----

Earlier: 

WORLDWIDE RIG COUNT UP 27 

WORLDWIDE RIG COUNT DOWN 197 

WORLDWIDE RIG COUNT DOWN 369 

WORLDWIDE RIG COUNT DOWN 466 

WORLDWIDE RIG COUNT UP 37

 

 

 

Tags: OIL, GAS, RIG, COUNT

Chronicle:

WORLDWIDE RIG COUNT UP 109
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.

WORLDWIDE RIG COUNT UP 109
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 109
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 109
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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