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Rig Counts

Baker Hughes Announces June 2002 Rig Counts

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 232 counted in June 2001. The US rig count for June 2002 was 843 up 17 from the 826 counted in May 2002 and down 428 from the 1,271 counted in June 2001. The Canadian rig count for June 2002 was 205 up 91 from the 114 counted in May 2002 and down 97 from the 302 counted in June 2001. The worldwide rig count for June 2002 was 1,778 up 120 from the 1,658 counted in May 2002 and down 555 from the 2,333 counted in June 2001.


Offshore Rig Report

Offshore Rig Counts Increase The U.S. and European offshore rig counts increased since last week, according to Offshore Data Services' weekly mobile offshore rig count. In addition, one new rig joined the worldwide drilling fleet. The U.S. Gulf of Mexico rig count posted a net three-rig increase over last week. With 149 of the area's 195 mobile offshore drilling rigs now under contract, U.S. Gulf offshore rig utilization is 76.4 percent.


Baker Hughes Announces August 2008 Rig Counts

  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, down 20 from the 312 counted in July 2008 and up 12 from the 280 counted in August 2007. The rig count for August 2008 was 1987, up 55 from the 1,932 counted in July 2008 and up 183 from the 1,804 counted in August 2007


U.S. Offshore Rig Count Hits 17-Month High

The U.S. Gulf of Mexico rig count stands at 150 this week, its highest level since July of 1998. According to Offshore Data Services' weekly mobile offshore rig count, 150 of the 191 offshore rigs in the U.S. Gulf of Mexico are under contract this week. U.S. Gulf mobile offshore rig utilization is 78.5 percent. The improved rig count has been driven primarily by strong domestic natural gas prices, however, natural gas prices have weakened in recent weeks


U.S. Offshore Rig Demand Continues To Rise

The U.S. Gulf of Mexico offshore rig count is at its highest level in nearly a year, according to Offshore Data Services' weekly mobile offshore rig count. A four-rig increase in the U.S. Gulf rig count over last week boosted the count to 140, the highest level since October 16 of last year. The 187-rig U.S. Gulf drilling fleet's utilization rate is now 74.9 percent. As utilization approaches and then exceeds 80 percent, rig owners should benefit in the form of improving rig day rates.


Offshore Rig Demand Rises In U.S., Falls In Europe

Rig demand increased in the U.S. Gulf of Mexico and declined slightly in Europe, following a pattern that is likely to be repeated through the end of this year at least. According to Offshore Data Services' weekly mobile offshore rig count, the U.S. Gulf rig count increased by three rigs since last week. Today, 136 of the region's 187 mobile offshore drilling units are under contract and U.S. Gulf mobile offshore rig utilization is 72.7 percent.


Offshore Rig Utilization Declines Slightly

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


Offshore Rig Use Up

Worldwide offshore rig utilization climbed slightly the week ending March 9, according to ODS-Petrodata Group. Global rig utilization climbed 0.1 percent to 87.4percent, due to a one-rig net increase in contracted rigs, ODS reported. U.S. Gulf rig utilization was unchanged at 88.2 percent, with 186 out of the region's 211 mobile offshore rigs under contract. European offshore rig utilization decreased by 0.1 percent to 92


Schlumberger Announces 2Q Results

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


Ultra-deepwater Semisubmersible Rig Delivered to Ensco

Keppel FELS shipyard, Singapore, delivers the seventh & final ENSCO 8500 Series® rig to Ensco The rig is contracted to Anadarko for work in the U.S. Gulf of Mexico starting in December 2012. “The construction and successful commencement of the ENSCO 8500 Series distinguish Ensco from other offshore drillers,” said Dan Rabun, Chairman, President and CEO of Ensco plc. “We undertook this series in 2005 based on our reading of the market and of our customers’


Report: Growth Anticipated in the OSV Market

Photo: Bourbon

New report covers market trends to 2019 for global offshore support vessel (anchor handling, towing and supply vessel, platform supply vessel, multipurpose service vessel, crew vessels, standby and rescue vessels, others)   The global offshore support vessel market is expected to grow owing


U.S. Drillers Cut Rigs to Lowest since August

Energy companies have reduced the number of rigs drilling for oil in the United States to the lowest since August, shifting more rigs in favor of natural gas as crude prices dive, data showed on Friday. The number of rigs drilling for oil fell by 13 to 1,582 in the latest week


Swissco Doubles Rig Fleet

Swissco Rig

SGX Mainboard-listed Swissco Holdings Limited an integrated, international marine services provider, today announced having completed the acquisition of four additional mobile offshore drilling units, bringing the fleet of rigs to eight. As announced on 15 August 2014 on the Singapore Exchange


Rig Counts up from One Year Ago

Baker Hughes Incorporated (BHI) has announced  that the international rig count for January 2014 was 1,325, down 10 from the 1,335 counted in December 2013, and up 46 from the 1,279 counted in January 2013. The international offshore rig count for January 2014 was 302


Latest Offshore Rig Count

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


ITS Reports a Return to Growth

ITS_001.jpg

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.


Jack-up Rig Ordered by Qatar Company

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


US Rig Count Hits 25-Year High

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


Rig Count Continues to Climb

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


Conrad Industries 2008 Results

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


Conrad Industries Announces 2008 Results

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


Baker Hughes Announces September 2007 Rig Counts

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


May 2007 Rig Counts Up

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 Announces July 2006 Rig Counts

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


More Oil Rigs Leaving GoM

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






 
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