Rig Count News

 

Norwegian Rig Count Shrinks Further as More Semi-subs Get Work Elsewhere

May 19, 2023

Following the recent departures of two Odfjell Drilling-managed semi-submersibles from Norway to Africa, four more rigs have been contracted to work outside of the North Sea region in an upcoming period, with three of them managed by Transocean…

Schlumberger Third-quarter Profit Jumps as Drilling Activity Picks Up

Oct 21, 2022

Top oilfield services provider Schlumberger Ltd reported a 64.9% jump in third-quarter profit on Friday that topped Wall Street expectations as a surge in oil and gas prices led to more drilling activity. Oil and gas producers are looking to…

Schlumberger Lifts Revenue Forecast as Oilfield Services Demand Booms

Jul 22, 2022

Schlumberger NV SLB.N on Friday raised its annual revenue forecast after beating analysts' second-quarter earnings expectations, buoyed by higher demand for its oilfield services and equipment.The company has benefited from a boost in activity driven by stronger oil and gas prices…

Baker Hughes Posts Q4 Profit as Higher Oil Prices Spur Drilling Demand

Jan 20, 2022

Baker Hughes Co on Thursday reported an adjusted quarterly profit compared with a year-ago loss, as producers took advantage of a rise in crude prices that fueled demand for oilfield service equipment.Oil prices surged more than 50% last year…

Baker Hughes Finds US Drillers Add Most O&G Rigs Since April

Jan 14, 2022

U.S. energy firms this week added the most oil and natural gas rigs in a week since April as rising oil prices prompt more drillers to return to the wellpad.The oil and gas rig count, an early indicator of future output, rose 13 to 601 in the week to Jan…

US Drillers Add Oil and Gas Rigs for Fifth Week in a Row

Oct 08, 2021

U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row as oil prices soared to their highest since 2014 prompting some drillers to return to the wellpad.The combined oil and gas rig count, an early indicator of future output…

Watch Out Offshore Drillers! Oil at $80 Feels a Lot Different This Time Around

Oct 07, 2021

Soaring oil prices could signal the start of an amplified offshore rig market upcycle and this time it might stick around for a while, Esgian's Teresa Wilkie writes.Last week Brent crude touched $80 per barrel for the first time in three years…

Three More Offshore Rigs Return to U.S. Gulf of Mexico

Oct 04, 2021

U.S. energy firms [last] week added oil and natural gas rigs for a fourth week in a row as more storm-hit offshore units resumed service in the Gulf of Mexico, and as crude prices this week hit three-year highs, prompting drillers to return to the wellpad…

U.S. Gulf of Mexico: Three Offshore Rigs Return to Work in Storm Aftermath

Sep 27, 2021

U.S. energy firms this week added oil and natural gas rigs for a 14th month in a row as more offshore units in the Gulf of Mexico returned to service after shutting when Hurricane Ida slammed into the coast in late August.This week, 3 offshore rigs returned in the Gulf of Mexico…

U.S. Drillers Add Rigs for Second Week, Gulf Unchanged

Sep 20, 2021

U.S. energy firms this week added oil and natural gas rigs for a second week in a row although the number of offshore units in the Gulf of Mexico remained unchanged after Hurricane Ida slammed into the coast over two weeks ago.Fourteen offshore…

Gulf of Mexico: Offshore Rigs Start to Return after Ida -Baker Hughes

Sep 13, 2021

U.S. energy firms [last week] added oil and natural gas rigs for a fifth time in six weeks as offshore oil units in the Gulf of Mexico slowly started to return after Hurricane Ida slammed into the coast.[Last week], four offshore oil rigs returned in Louisiana…

US Drillers Add Oil and Gas Rigs for Fifth Week in Six

Aug 06, 2021

U.S. energy firms this week added oil and natural gas rigs for the fifth time in six weeks although growth in the rig count over the past few months has slowed as drillers continue to focus on capital discipline despite firmer oil prices.The oil and gas rig count…

US Drillers Add Rigs for Ninth Month -Baker Hughes

Apr 30, 2021

U.S. energy firms added oil and natural gas rigs this week, leading to a ninth straight monthly rig count increase, as a recovery in prices lured some drillers back to the wellpad.The oil and gas rig count, an early indicator of future output…

Halliburton Expects International Activity Growth to Accelerate

Apr 21, 2021

Halliburton Co on Wednesday reported a 6% rise in first-quarter adjusted profit from the previous three months, as a rebound in oil prices from pandemic lows fueled drilling activity and demand for oilfield services.Higher oil prices during the quarter boosted drilling…

Storms Shut More than Half of Oil Production in U.S. Gulf of Mexico

Aug 24, 2020

Crude oil prices remained steady on Monday as storms closed in on the Gulf of Mexico, shutting more than half the region's oil production, although prices were capped by ongoing concerns about fuel demand being sapped by coronavirus lockdowns…

Current News

Libya Blocks Greek Tender for Hydrocarbon Exploration Off Crete

Libya Blocks Greek Tender for

Russia Looks to Myanmar Offshore Oil and Gas Prospects

Russia Looks to Myanmar Offsho

TotalEnergies’ Offshore Platform Workers in UK Secure Better Conditions

TotalEnergies’ Offshore Platfo

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Petronas Expands Suriname Port

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine