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2017-01-09 18:35:00

WORLDWIDE RIG COUNT DOWN 197

WORLDWIDE RIG COUNT DOWN 197

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for December 2016 was 929, up 4 from the 925 counted in November 2016, and down 166 from the 1,095 counted in December 2015. The international offshore rig count for December 2016 was 210, down 1 from the 211 counted in November 2016, and down 40 from the 250 counted in December 2015.

The average U.S. rig count for December 2016 was 634, up 54 from the 580 counted in November 2016, and down 80 from the 714 counted in December 2015. The average Canadian rig count for December 2016 was 209, up 36 from the 173 counted in November 2016, and up 49 from the 160 counted in December 2015.

The worldwide rig count for December 2016 was 1,772, up 94 from the 1,678 counted in November 2016, and down 197 from the 1,969 counted in December 2015.

 

December 2016 Rotary Rig Counts

 

December 2016

  November 2016 December 2015
 

 

 

 

Month

 

 

 

 

 

 

 

Land

Offshore

Total

Variance

Land

Offshore

Total

Land

Offshore

Total

                     
Latin America 152 32 184 3 153 28 181 213 57 270
Europe 64 35 99 2 64 33 97 79 35 114
Africa 67 11 78 -1 67 12 79 64 27 91
Middle East 331 45 376 -4 334 46 380 367 55 422
Asia Pacific 105 87 192 4 96 92 188 122 76 198
International 719 210 929 4 714 211 925 845 250 1,095
                     
United States 611 23 634 54 558 22 580 690 24 714
Canada 207 2 209 36 171 2 173 160 0 160

North America

818 25 843 90 729 24 753 850 24 874
                     

Worldwide

1,537 235 1,772 94 1,443 235 1,678 1,695 274 1,969

 

-----

Earlier: 

WORLDWIDE RIG COUNT DOWN 369  

WORLDWIDE RIG COUNT DOWN 466  

WORLDWIDE RIG COUNT UP 37  

INTERNATIONAL RIG COUNT DOWN 200  

INTERNATIONAL RIG COUNT DOWN 686  

WORLDWIDE RIG COUNT DOWN 729  

WORLDWIDE RIG COUNT DOWN 722 

 

 

 

Tags: WORLDWIDE, OIL, GAS, RIG, COUNT
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UNEXPECTED OIL PRICES

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OIL MARKET UNCERTAINTY

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OPEC-NON-OPEC DECISIONS

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U.S. CAPITAL EXPENDITURES UP

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Chronicle:

WORLDWIDE RIG COUNT DOWN 197
2018, September, 21, 10:25:00

U.S. ENERGY CASH: $119 BLN

U.S. EIA - Energy companies’ free cash flow—the difference between cash from operations and capital expenditure—was $119 billion for the four quarters ending June 30, 2018, the largest four-quarter sum during 2013–18 Companies reduced debt for seven consecutive quarters, contributing to the lowest long-term debt-to-equity ratio since third-quarter 2014

WORLDWIDE RIG COUNT DOWN 197
2018, September, 21, 10:20:00

WORLD OIL DEMAND: 100.23 MBD

OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.

WORLDWIDE RIG COUNT DOWN 197
2018, September, 21, 10:15:00

IRAQ'S OIL: NO RECORD

ARAB NEWS - Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on a deal to raise supply and local unrest is not affecting shipments.

WORLDWIDE RIG COUNT DOWN 197
2018, September, 21, 10:10:00

NATURAL GAS EXPORT UP

PLATTS - The International Energy Agency expects the US to account for 75% of the global growth in natural gas exports over the next five years, a bullish outlook for LNG developers facing challenges at home getting projects off the ground and abroad with tariffs affecting trade flows.

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