The offshore rig count pattern of recent weeks continues. According to Offshore Data Services' weekly mobile offshore rig count, the U.S. Gulf of Mexico rig count increased and the European offshore rig count declined. A three-rig increase in the U.S. Gulf of Mexico rig count since last week boosted that number to 142. Fleet size remains unchanged at 190 rigs. Fleet utilization is 74.7 percent. The continuing increases in rig demand in the region have resulted in rising rig rates, primarily for units that work in the Gulf's shallower waters. A two-rig decline in the European offshore rig count continues the downward trend in the region's rig demand that is expected to continue into next year. This week, 75 of 106 mobile offshore drilling units in European waters are under contract. European offshore drilling fleet utilization is 70.8 percent this week. Changes in the U.S. Gulf, European and other area's offshore rig counts resulted in a net one-rig decline in worldwide offshore rig utilization. This week, 471 of the world's 631 mobile offshore drilling rigs are under contract. Worldwide offshore rig utilization is 74.6 percent.
The U.S. Gulf of Mexico offshore rig count rose by one from last week, continuing its rise, with 166 of the region's 200 mobile offshore drilling units under contract, according to Offshore Data Services Inc. (ODS). Gulf of Mexico utilization rose to 83 percent, its highest level in 22 months. The worldwide rig count remained steady. ODS said there were 641 rigs worldwide with 525 under contract. Fleet utilization rate was at 81.9 percent
Worldwide offshore rig utilization declined slightly since last week, according to Offshore Data Services' weekly mobile offshore rig count. Two less mobile offshore drilling rigs are under contract worldwide this week compared to last week. With 484 of the world's 634 offshore drilling rigs now under contract, worldwide offshore rig utilization is 76.3 percent. A one-rig decline in the U.S. Gulf of Mexico rig count occurred since last week
The number of mobile offshore drilling rigs under contract is unchanged from last week, according to Offshore Data Services' weekly mobile offshore rig count. In the U.S. Gulf of Mexico, 139 of 190 mobile offshore drilling rig are under contract this week. U.S. Gulf drilling fleet utilization is 73.2 percent. Among the working rigs is a new deepwater drillship, which has moved to its first drilling location. In the North Sea, Mediterranean Sea and other European waters
Worldwide and regional offshore rig counts showed little change since last week, according to Offshore Data Services' weekly mobile offshore rig count. In the U.S. Gulf of Mexico, one less rig is under contract this week compared to last week. In addition, one rig is moving into the area from Europe. The rig does not yet have a contract, but is expected to have work shortly after arrival. U.S. Gulf of Mexico rig utilization fell to 73.5 percent this week from 74
The worldwide offshore rig demand declined since last week, according to Offshore Data Services' weekly mobile offshore rig count. While demand in the U.S. Gulf improved, European rig demand continues to suffer. In European waters, 74 offshore drilling rigs are under contract this week, a one-rig net decline from last week, and a 10-rig fall from two months ago. The 106-rig European offshore drilling fleet's utilization rate is 69.8 percent
Schlumberger Limited reported 1999 second quarter operating revenue of $2.17 billion was 29 percent below second quarter 1998. Net income was $127 million, 67 percent lower than the same period last year. Oilfield Services revenue decreased 32 percent, while the rig count fell 34 percent. Revenue fell in all the geographic regions and across all Oilfield Services activities. Resource Management Services revenue was down six percent
The number of rigs searching for oil and natural gas in the United States fell by seven to 1,225 during the week ending May 18, according to oil services firm Baker Hughes. Last year the number of U.S. rigs was 841, Baker Hughes said. Meanwhile, the number of rigs exploring for oil and gas in Canada gained 24, compared to 182 last year. The number of rigs in the U.S. Gulf of Mexico fell by four to 160, compared to 135 a year ago.
The number of rigs exploring for oil and natural gas in North America rose by 23 during the week ending October 20, because of a gain of 14 in Canada and helped by an increase of nine in the United States, according to oil services firm Baker Hughes Inc. The number of rigs operating in the United States rose by nine to 1054 compared to 750 a year ago, while the number of rigs in Canada rose by 14 to 352, compared with last year's 292, according to Baker Hughes. In the U.S
U.S. Gulf rig utilization still climbing U.S. Gulf and worldwide offshore rig demand increased again this week, according to Offshore Data Services' weekly mobile offshore rig count. Offshore rig utilization in the U.S. Gulf is at 85.5 percent. U.S. Gulf rig utilization has not been this high since August 1998. This week the number of rigs under contract rose to 177; only 30 of the region's 207 rigs are available.
Tally of oil-directed rigs shows increase In its weekly release, Houston-based oiilfield services company BHI reported a record rise in the number of rigs searching for oil and gas. The Baker Hughes North American Rotary Rig Count is a weekly census of the number of drilling rigs actively
Gulf Drilling International (GDI) orders liftboat from Singapore's PPL Shipyard GDI announced today that they have placed an order for a Pacific Class 400 jack-up drilling rig with PPL Shipyard (“PPL”) for delivery in March of 2013
ITS Group, a leading supplier of oilfield products and services to the global oil and gas industry, has reported a noticeable profit improvement in its annual report for the year ended December 31, 2011, in line with improving market conditions.
Baker Hughes Incorporated announce the international offshore rig count for January 2013 was 307, up 8 from the 299 counted in December 2012. The count is unchanged from the 307 counted in January 2012. The average U.S. offshore rig count for January 2013 was 53
Seabulk International, Inc. reported net income of $1.6 million or $0.07 per diluted common share for the quarter ended March 31, 2003. In the year-earlier period, the Company had a net loss of $2.3 million or $0.22 per diluted common share. Revenues totaled $77.2 million compared with $83
According to The Post Gazette, jack-up and deep-water rigs are leaving the Gulf of Mexico for more lucrative jobs elsewhere. This is expected to accelerate production declines in the Gulf, putting upward pressure on domestic energy prices. The rig exodus is squeezing what was an already tight
Baker Hughes Incorporated announced that the international rig count for July 2006 was 921, up 15 from the 906 counted in June 2006, and up 10 from the 911 counted in July 2005. The international offshore rig count for July 2006 was 269, up for from the 265 counted in June 2006 and down nine from
Baker Hughes said that the international rig count for May 2007 was 1,007, up 23 from the 984 counted in April 2007, and up 87 from the 920 counted in May 2006. The international offshore rig count for May 2007 was 296, up 2 from the 294 counted in April 2007 and up 21 from the 275 counted in
Baker Hughes said that the international rig count for September 2007 was 1,032, up 23 from the 1,009 counted in August 2007, and up 83 from the 949 counted in September 2006. The international offshore rig count for September 2007 was 285, up 5 from the 280 counted in August 2007 and up 21 from
Baker Hughes Incorporated announced that the international rig count for June 2002 was 730 up 12 from the 718 counted in May 2002 and down 30 from the 760 counted in June 2001. The international offshore rig count for June 2002 was 232 up 13 from the 219 counted in May 2002 and unchanged from the
By Tom Marsh, ODS-Petrodata, Houston Worldwide demand for mobile offshore drilling units remains essentially flat, according to Houston-based offshore industry analyst ODS-Petrodata, although offshore drilling activity is expected to increase modestly in certain areas as the year progresses
Baker Hughes announced that the international rig count for August 2008 was 1,087, down 5 from the 1,092 counted in July 2008, and up 78 from the 1,009 counted in August 2007. The international offshore rig count for August 2008 was 292
Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) announced its fourth quarter and twelve months 2008 results. For the quarter ended December 31, 2008, Conrad had net income of $7.1m and earnings per diluted share of $1.09 compared to net income of $6.3m and earnings per diluted share of $0
Conrad Industries, Inc. (Pink Sheets: CNRD) announced its fourth quarter and twelve months 2008 results. For the quarter ended December 31, 2008, Conrad had net income of $7.1m and earnings per diluted share of $1.09 compared to net income of $6.3m and earnings per diluted share of $0
According to a June 21 report from DailyMarkets.com, in its weekly release, Houston-based oilfield services company Baker Hughes Inc. reported a rise in the U.S. rig count, reflecting intensified drilling activity in Texas. This was partly offset by the growing oil spill in the U.S