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Saturday, January 20, 2018

Offshore Rig News

Offshore Rig Report

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. The European offshore rig count increased by two rigs compared to last week. This week, 81 of the area's 106 mobile offshore drilling units are under contract. European offshore rig utilization now stands at 76.4 percent, the same as the U.S. Gulf offshore rig utilization rate.

Worldwide/U.S. Gulf Rig Counts Rise

The U.S. Gulf of Mexico and worldwide offshore rig counts increased since last week, while the European offshore rig count was unchanged, according to Offshore Data Services' weekly mobile offshore rig count. The worldwide offshore rig count increased by five compared to last week. This week, 471 of world's 631 mobile offshore drilling units are under contract. Worldwide offshore rig utilization is 74.6 percent. The U.S. Gulf offshore rig count posted a three-rig increase on a week-to-week basis. The increase marks the fifth consecutive week that rig counts have increased in the region. In addition, two rigs mobilized to the area, putting the overall fleet at 188 rigs. With 135 rigs in the area under contract, U.S. Gulf rig utilization is 71.8 percent.

Offshore Rig Count

Offshore rig counts continue to rise, according to Offshore Data Services' weekly mobile offshore rig count. The U.S. Gulf's offshore rig utilization rate jumped over 80 percent for the first time since late 1998 due to a net five-rig increase in contracted rigs in the region. This week, 161 of 199 rigs are under contract in the region. U.S. Gulf mobile offshore rig utilization is 81.0 percent. Worldwide rig counts rose as well, with a net seven-rig increase in the number of rigs under contract recorded on a week-to-week basis. The week, 517 of the world's 640 mobile offshore drilling rigs are under contract. Worldwide offshore rig utilization is 80.8 percent. A net one-rig increase in the European offshore rig count boosted fleet utilization in the region to 84.8 percent this week.

U.S. Offshore Rig Count Increases

The U.S. Gulf of Mexico offshore rig count increased for the third consecutive week, according to Offshore Data Services' weekly mobile offshore rig count. Today, the U.S. Gulf rig count stands at 151, a one-rig increase since last week. Total fleet size is unchanged at 191 rigs. Fleet utilization this week is 79.1 percent. The European offshore rig count is unchanged from last week. Of the 107 mobile offshore drilling rigs deployed in the area, 74 are under contract to oil and gas companies. European offshore rig fleet utilization is a lackluster 69.2 percent. No significant increase in European offshore rig demand is expected in the near term due to continued volatility in worldwide oil prices.

Rig Counts Fall Since Last Week

The U.S. Gulf of Mexico offshore rig count lost some of the ground it had made up in the last few weeks, according to Offshore Data Services' weekly mobile offshore rig count. The U.S. Gulf offshore rig count fell by two rigs on a week-to-week basis. The decline ends a five-week rally of higher utilization rates in the region. This week, 133 of 188 mobile offshore drilling units in the U.S. Gulf are under contract. U.S. Gulf rig utilization is 70.7 percent. The European offshore rig count also fell since last week. This week, two fewer rigs are under contract and European offshore rig utilization fell from 74.6 percent to 74.1 percent. Of the 107 mobile offshore drilling rigs in the area, 80 now are under contract. The worldwide offshore rig count fell by four on a week-to-week basis.

Gulf Of Mexico Rig Count Increases

The U.S. Gulf of Mexico offshore rig count continues to rebound, according to Offshore Data Services' weekly mobile offshore rig count. This week, 149 of the 191 mobile offshore drilling rigs in the U.S. Gulf are under contract, a four-rig increase over last week's week count and a seven-rig increase on a month-to-month basis. U.S. Gulf rig fleet utilization this week is 78.0 percent. The European offshore rig count continues to decline. This week, 73 of 107 mobile offshore drilling rigs in the region are under contract, a one-rig decline from last week. European offshore rig utilization is 68.2 percent. This week, 476 of the world's mobile offshore drilling rigs are under contract, and worldwide offshore rig utilization is 75.3 percent.

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, and this may impact rig demand in the region. The European offshore rig count posted a one-rig increase over last week. This week, 74 of the 107 mobile offshore drilling rigs in the area are under contract. European offshore rig utilization is 69.2 percent.

Gulf Of Mexico Rig Count Declines

The U.S. Gulf of Mexico rig count declined for the first time in four weeks, according to Offshore Data Services' weekly mobile offshore rig count. This week, 149 of the 191 rigs deployed in the U.S. Gulf of Mexico are under contract, two less than were under contract last week. U.S. Gulf offshore rig utilization now stands at 78.0 percent. The European offshore rig count declined by one rig, the result of a contracted rig moving out of the area. This week, 73 of the 106 mobile offshore drilling rigs in European waters are under contract and European offshore rig fleet utilization is 68.9 percent. A net two-rig decline in the worldwide offshore rig count occurred from last week to this week.

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. Now 151 of the area's 192 mobile offshore drilling rigs are under contract and U.S. Gulf rig utilization is 78.6 percent. The European offshore rig count posted a one-rig increase since last week. Of the 106 mobile offshore drilling rigs in the area, 74 are under contract. European offshore rig fleet utilization is 69.8 percent.

Offshore Rig Counts Mixed

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. The last time European utilization was lower than 70 percent was in February 1988. The Gulf of Mexico offshore rig count posted a two-rig increase on a week-to-week basis. With 144 of the 190 rigs in the area under contract, U.S. Gulf rig utilization is 75.8 percent. Worldwide offshore rig demand fell by one since last week.

Offshore Rig Count At 2-Year High

The offshore rig count in the U.S. Gulf of Mexico rose by four this week to 175, or an 85.9 percent utilization rate, the highest drilling activity in nearly two years, the Offshore Data Services (ODS) said. In its report for the week ending July 21, the Houston-based ODS said that of the 203 mobile offshore drilling rigs in the Gulf of Mexico, 175 were under contract. In the European/Mediterranean region the rigs under contract remained steady at 89 of the 102 mobile offshore drilling rigs. European offshore rig utilization is 87.3 percent. In the worldwide offshore rig count five more rigs are under contract compared to a week ago. In addition, one rig was retired from the drilling fleet to work in a specialized non-drilling mode.

Offshore Rig Utilization Hits 2-Year High

Worldwide offshore rig utilization hit a fresh two-year high the week ending March 23, according to ODS-Petrodata Group. Global rig utilization climbed 0.5 percent to 88 percent, due to a three-rig net increase in contracted rigs, ODS-Petrodata reported. Of the world's 649 offshore rigs, 571 are under contract. Utilization is the highest since October 2, 1998 when it reached 88.7 percent. U.S. Gulf rig utilization remained unchanged at 88.1 percent, with 185 out of the region's 210 mobile offshore rigs under contract. European offshore rig utilization remained unchanged at 92.1 percent, with 93 of the region's 101 mobile offshore rigs under contract.

U.S. Gulf rig utilization still climbing

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. Worldwide offshore rig utilization rose slightly to 85.0 percent, its highest level since November 1998. Of a total of 642 offshore rigs worldwide, 546 are under contract. European rig utilization remains unchanged from last week at 87.4 percent. Of 103 total rigs available in this region, 90 have contracts. (Offshore Data Services)

Offshore Rig Count

U.S. The Gulf of Mexico rig count continues to rebound, and this week reached its highest level since July 1998, according to Offshore Data Services' weekly mobile offshore rig count. The Gulf of Mexico rig count is expected to continue to rise as the year progresses. On March 24, 155 of the 198 mobile offshore drilling rigs in the U.S. Gulf of Mexico were under contract. The week's tally represents a four-rig increase over the previous week's count, and a nine-rig increase over the month-ago figure. The number of rigs under contract offshore Europe is unchanged, although European offshore rig utilization declined slightly due to the addition of a non-working unit to the area's fleet.

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. The European offshore rig count declined by one since last week and now stands at 79. The 107-rig European offshore drilling fleet's utilization rate is now 73.8 percent. Worldwide, a net four-rig increase in rig demand boosted the worldwide offshore rig count to 471.

Little Change Seen In Offshore Rig Counts

Offshore rig activity changed little from last week, according to Offshore Data Services' weekly mobile offshore rig count. In the U.S. Gulf of Mexico, 145 of 191 mobile offshore drilling rigs are under contract this week, a one-rig decline compared to last week. U.S. Gulf drilling fleet utilization is 75.9 percent. In European waters, 74 of 107 mobile offshore drilling rigs are under contract this week, a one-rig increase compared to last week. European offshore rig fleet utilization is 69.2 percent. Worldwide, 472 of 633 mobile offshore drilling rigs are under contract this week, a one-rig increase compared to last week. Worldwide offshore rig utilization is 74.6 percent.

GOM Rig Utilization Sags

Offshore rig utilization in the U.S. Gulf of Mexico hit a 13-month low during the week ending July 27, according to ODS-Petrodata Group. U.S. Gulf of Mexico rig utilization dropped 1.0 percent percent to 83.0 percent this week, with 176 rigs under contract out of a total of 212. The region's offshore rig utilization has fallen for six consecutive weeks, to the lowest levels since June 2, 2000. European offshore rig utilization increased 1.0 percent to 97.1 percent, with 100 of the regions 103 rigs under contract, according to ODS. Worldwide offshore rig utilization slid 0.4 percent to 88.4 percent with 577 out of 653 rigs with contracts. The ODS total worldwide offshore rig count includes changes in utilization and fleet size in regions beyond just the Gulf of Mexico and Europe.

Offshore Rig Utilization Is Up

Worldwide offshore rig utilization rose this week due to increased drilling rig demand in Europe and the U.S. Gulf of Mexico, according to Offshore Data Services (ODS). The European offshore rig count increased by three rigs, with 92 of the 101 rigs in the region under contract, boosting utilization to 91.1 percent, ODS said. The number of rigs being used in the U.S. Gulf of Mexico remained rose by two to 182 under contract out of 210, putting utilization at 86.7 percent. There were 563 rigs under contract worldwide out of 649. Worldwide offshore rig utilization increased 0.9 percent to 86.7 percent. ODS' total worldwide offshore rig count includes changes in utilization and fleet size in regions beyond just the Gulf of Mexico and Europe.

Offshore Rig Counts Unchanged

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.

Offshore Rig Utilization Reaches Three-Year High

Worldwide offshore rig utilization was the highest in almost three years during the week ending April 27, according to ODS-Petrodata Group. Global rig utilization climbed 0.4 percent to 90.1 percent, due to a three-rig net increase in contracted rigs, ODS-Petrodata reported. Of the world's 649 offshore rigs, 585 are under contract. Worldwide rig utilization is the highest since August 1998. U.S. Gulf rig utilization is also the highest in almost three years, due to a two-rig increase which raised utilization 0.9 percent to 90.5 percent, the highest since hitting 92.0 percent on July 3, 1998, according to ODS-Petrodata. Of the region's 211 rigs, 191 have contracts. European offshore rig utilization held steady at 93.1 percent, with 94 of the region's 101 mobile offshore rigs under contract.

Worldwide Rig Utlization Falls 1.8 Percent

Worldwide offshore rig utilization fell during the week ending August 17, according to ODS-Petrodata Group. U.S. Gulf of Mexico rig utilization fell 1.8 percent to 77.8 percent this week, with 165 rigs under contract out of a total of 212. European offshore rig utilization also fell one percent to 97.1 percent, with 99 of the regions 102 rigs under contract, according to ODS. Worldwide offshore rig utilization fell 0.6 percent with 567 out of 653 rigs with contracts.

Rig Utilization Up In GOM

Worldwide offshore rig utilization fell slightly during the week ending January 12, but ticked higher in the U.S. Gulf, according to Offshore Data Services (ODS). The number of worldwide mobile offshore drilling rigs under contract fell by one to 556 of the world's 648. Worldwide offshore rig utilization fell to 85.8 percent. The number of rigs being used in the U.S. Gulf of Mexico fell to 179 under contract out of 208, with utilization down to 86.1 percent. The European offshore rig count remained unchanged for the fifth consecutive week. It stood at 88 of the 101 mobile offshore drilling rigs in the region under contract, with utilization at 87.1 percent, ODS said.

Offshore Rig Counts Make Mixed Moves

Offshore rig counts in the world's largest drilling markets made mixed moves this week, bringing the end to a year that was less than kind to the world's offshore rig owners. The U.S. Gulf of Mexico rig count declined by two rigs since last week, and now stands at 149. Fleet size is unchanged at 192 rigs. Fleet utilization is 77.6 percent. The European offshore rig count increased by one rig with the delivery of a new rig that has a firm work commitment. The European offshore drilling fleet now rosters 107 rigs, 75 of which are under contract. Worldwide offshore drilling rig utilization is 70.1 percent. The worldwide offshore rig count recorded no net change on a week-to-week basis…

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