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
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 ...
... 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 ...
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 ...
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 ...
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 ...
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 ...
... 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 ...
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U.S. EIA - Venezuela holds the largest oil reserves in the world, in large part because of the heavy oil reserves in the Orinoco Oil Basin. In addition to oil reserves, Venezuela has sizeable natural gas reserves, although the development of natural gas lags significantly behind that of oil. However, in the wake of political and economic instability in the country, crude oil production has dramatically decreased, reaching a multi-decades low in mid-2018.
U.S. BEA - The U.S. current-account deficit increased to $124.1 billion (preliminary) in the first quarter of 2018 from $116.1 billion (revised) in the fourth quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.5 percent of current-dollar gross domestic product (GDP) in the first quarter, up from 2.4 percent in the fourth quarter.
WNN - There are 126 operational power reactors in 14 EU Member States, providing more than one-quarter of the bloc's total electricity production. In its Communication on the Nuclear Illustrative Program (PINC) published last year, the European Commission expects nuclear to maintain its significant role in Europe's energy mix up to 2050. This would require investment of some EUR40-50 billion (USD46-58 billion) in nuclear LTO by 2050.
REUTERS - Benchmark Brent crude LCOc1 was up 50 cents at $75.58 a barrel by 0835 GMT. U.S. light crude CLc1 was 50 cents higher at $65.57.