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2017-09-11 12:10:00

WORLDWIDE RIG COUNT UP 6 TO 2,116

WORLDWIDE RIG COUNT UP 6 TO 2,116

BAKER HUGHES A GE -  Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for August 2017 was 952, down 7 from the 959 counted in July 2017, and up 15 from the 937 counted in August 2016. The international offshore rig count for August 2017 was 201, down 3 from the 204 counted in July 2017, and down 27 from the 228 counted in August 2016.

The average U.S. rig count for August 2017 was 947, down 6 from the 953 counted in July 2017, and up 466 from the 481 counted in August 2016. The average Canadian rig count for August 2017 was 217, up 19 from the 198 counted in July 2017, and up 88 from the 129 counted in August 2016.

The worldwide rig count for August 2017 was 2,116, up 6 from the 2,110 counted in July 2017, and up 569 from the 1,547 counted in August 2016.

 

August 2017 Rig Counts

 

 

August 2017

  July2017 August2016
   

Month

   
  Land Offshore Total

Variance

Land Offshore Total Land Offshore Total
                     
Latin America 160 31 191 -5 159 37 196 150 37 187
Europe 53 38 91 9 50 32 82 58 38 96
Africa 72 12 84 -5 75 14 89 70 11 81
Middle East 340 51 391 -6 352 45 397 329 50 379
Asia Pacific 126 69 195 0 119 76 195 102 92 194
International 751 201 952 -7 755 204 959 709 228 937
                     
United States 930 17 947 -6 931 22 953 464 17 481
Canada 215 2 217 19 197 1 198 128 1 129
North America 1,145 19 1,164 13 1,128 23 1,151 592 18 610
                     
Worldwide 1,896 220 2,116 6 1,883 227 2,110 1,301 246 1,547

 

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Earlier:

WORLDWIDE RIG COUNT UP 69 TO 2,110

WORLDWIDE RIG COUNT UP 69 TO 2,110 WORLDWIDE RIG COUNT UP 69 TO 2,110 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 ...
2017-08-14
 
 

IEA: ENERGY INVESTMENT UPDOWN

... ENERGY INVESTMENT UPDOWN Total energy investment worldwide in 2016 was just over $1.7 trillion, accounting for 2.2% of global GDP. Investment was down by 12% compared to IEA’s revised 2015 energy investment estimate of $1.9 trillion. Total energy in ...
2017-07-12
 

WORLDWIDE RIG COUNT UP 18 TO 1,935

WORLDWIDE RIG COUNT UP 18 TO 1,935 WORLDWIDE RIG COUNT UP 18 TO 1,935 The worldwide rig count for May 2017 was 1,935, up 18 from the 1,917 counted in April 2017, and up 530 from the 1,405 counted in May 2016. The worldwide rig count for May 2017 was ...
2017-06-08
 

WORLDWIDE RIG COUNT DOWN 369

WORLDWIDE RIG COUNT DOWN 369 WORLDWIDE RIG COUNT DOWN 369 The worldwide rig count for November 2016 was 1,678, up 58 from the 1,620 counted in October 2016, and down 369 from the 2,047 counted in November 2015. The worldwide rig count for November 20 ...
2016-12-07
 

WORLDWIDE RIG COUNT DOWN 722

WORLDWIDE RIG COUNT DOWN 722 WORLDWIDE RIG COUNT DOWN 722 The worldwide rig count for May 2016 was 1,405, down 19 from the 1,424 counted in April 2016, and down 722 from the 2,127 counted in May 2015. The worldwide rig count for May 2016 was 1,405, d ...
2016-06-07
 

RIGS DOWN 1571

RIGS DOWN 1571 RIGS DOWN 1571 The worldwide rig count for October 2015 was 2,086, down 85 from the 2,171 counted in September 2015, and down 1,571 from the 3,657 counted in October 2014. The worldwide rig count for October 2015 was 2,086, down 85 fro ...
2015-11-06
 

150,000 JOBS LOST

... JOBS LOST According to a recent report from Swift Worldwide Resources, over 150,000 jobs in the global oil and gas industry have been cut since oil prices began to tumble last summer. According to a recent report from Swift Worldwide Resources, over ...
2015-06-29

 

 

 

 

 

 

 

 

 

Tags: OIL, GAS, RIG, COUNT

Chronicle:

WORLDWIDE RIG COUNT UP 6 TO 2,116
2018, June, 18, 14:00:00

U.S. IS BETTER

IMF - Within the next few years, the U.S. economy is expected to enter its longest expansion in recorded history. The Tax Cuts and Jobs Act and the approved increase in spending are providing a significant boost to the economy. We forecast growth of close to 3 percent this year but falling from that level over the medium-term. In my discussions with Secretary Mnuchin he was clear that he regards our medium-term outlook as too pessimistic. Frankly, I hope he is right. That would be good for both the U.S. and the world economy.

WORLDWIDE RIG COUNT UP 6 TO 2,116
2018, June, 18, 13:55:00

U.S. ECONOMY UP

IMF - The near-term outlook for the U.S. economy is one of strong growth and job creation. Unemployment is already near levels not seen since the late 1960s and growth is set to accelerate, aided by a near-term fiscal stimulus, a welcome recovery of private investment, and supportive financial conditions. These positive outturns have supported, and been reinforced by, a favorable external environment with a broad-based pick up in global activity. Next year, the U.S. economy is expected to mark the longest expansion in its recorded history. The balance of evidence suggests that the U.S. economy is beyond full employment.

WORLDWIDE RIG COUNT UP 6 TO 2,116
2018, June, 18, 13:50:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

U.S. FRB - Industrial production edged down 0.1 percent in May after rising 0.9 percent in April. Manufacturing production fell 0.7 percent in May, largely because truck assemblies were disrupted by a major fire at a parts supplier. Excluding motor vehicles and parts, factory output moved down 0.2 percent. The index for mining rose 1.8 percent, its fourth consecutive month of growth; the output of utilities moved up 1.1 percent. At 107.3 percent of its 2012 average, total industrial production was 3.5 percent higher in May than it was a year earlier. Capacity utilization for the industrial sector decreased 0.2 percentage point in May to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972–2017) average.

WORLDWIDE RIG COUNT UP 6 TO 2,116
2018, June, 18, 13:45:00

SOUTH AFRICA: NO BENEFITS

IMF - South Africa’s potential is significant, yet growth over the past five years has not benefitted from the global recovery. The economy is globally positioned, sophisticated, and diversified, and several sectors—agribusiness, mining, manufacturing, and services—have capacity for expansion. Combined with strong institutions and a young workforce, opportunities are vast. However, several constraints have held growth back. Policy uncertainty and a regulatory environment not conducive to private investment have resulted in GDP growth rates that have not kept up with those of population growth, reducing income per capita, and hurting disproportionately the poor.

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