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2017-08-14 14:00:00

WORLDWIDE RIG COUNT UP 69 TO 2,110

WORLDWIDE RIG COUNT UP 69 TO 2,110

BAKER HUGHES A GE

Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for July 2017 was 959, down 1 from the 960 counted in June 2017, and up 21 from the 938 counted in July 2016. The international offshore rig count for July 2017 was 204, up 7 from the 197 counted in June 2017, and down 22 from the 226 counted in July 2016.

The average US rig count for July 2017 was 953, up 22 from the 931 counted in June 2017, and up 504 from the 449 counted in July 2016. The average Canadian rig count for July 2017 was 198, up 48 from the 150 counted in June 2017, and up 104 from the 94 counted in July 2016.

The worldwide rig count for July 2017 was 2,110, up 69 from the 2,041 counted in June 2017, and up 629 from the 1,481 counted in July 2016.

 

  July2017   June2017 July2016
   

Month

   
  Land Offshore Total

Variance

Land Offshore Total Land Offshore Total
                     
Latin America 159 37 196 4 158 34 192 153 33 186
Europe 50 32 82 -9 59 32 91 52 42 94
Africa 75 14 89 3 72 14 86 70 12 82
Middle East 352 45 397 0 355 42 397 339 51 390
Asia Pacific 119 76 195 1 119 75 194 98 88 186
International 755 204 959 -1 763 197 960 712 226 938
                     
United States 931 22 953 22 909 22 931 429 20 449
Canada 197 1 198 48 148 2 150 92 2 94
North America 1,128 23 1,151 70 1,057 24 1,081 521 22 543
                     
Worldwide 1,883 227 2,110 69 1,820 221 2,041 1,233 248 1,481

 

-----

Earlier: 

WORLDWIDE RIG COUNT UP 18 TO 1,935  

INTERNATIONAL RIG COUNT UP 13 

WORLDWIDE RIG COUNT UP 109 

WORLDWIDE RIG COUNT UP 27 

WORLDWIDE RIG COUNT DOWN 197 

WORLDWIDE RIG COUNT DOWN 369 

WORLDWIDE RIG COUNT DOWN 466

 

 

 

 

 

U.S. RIGS DOWN 4 TO 954  

U.S. RIGS UP 8 TO 958  

U.S. - CHINA OIL RECORD  

U.S. RIGS DOWN 2 TO 950  

U.S. OIL PRICE: $45  

U.S. OIL PRODUCTION: 9.3 MBD  

U.S. OIL&GAS PRODUCTION WILL UP 

 

 

 

 

 

 

 

Tags: RIG, COUNT

Chronicle:

WORLDWIDE RIG COUNT UP 69 TO 2,110
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 69 TO 2,110
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 69 TO 2,110
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 69 TO 2,110
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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