Drilling Rigs

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Baker Hughes Sees Lower North America Activity; Bets on Foreign Demand

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By Reuters (Reuters) – Baker Hughes  cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in warning about softness in the region. However, the company raised its full-year revenue and profit estimates, banking on strong international growth and demand for gas equipment. …

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U.S. Oil/Gas Rig Count Rises in July in Biggest Monthly Hike Since Nov 2022 – Baker Hughes

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(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row, boosting the monthly count by the most since November 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose …

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U.S. Court Overturns Alaska Oil Lease Sale in a Win for Environmentalists

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A federal court in Alaska overturned on Tuesday night an oil and gas lease sale that had been mandated by the Biden administration’s signature climate law as part of a political compromise, on grounds that the U.S. government violated the law when holding the sale. This ruling affects a lease sale held in December 2022 …

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Exxon Plans to Drill Up to 30 Wells For its Seventh Oil Project in Guyana

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By Sabrina Valle July 15 (Reuters) – Exxon Mobil Corp (XOM.N) plans to drill up to 30 wells as part of its seventh oil project in Guyana, named Hammerhead, according to the development plan proposed by the company and disclosed by the government on Monday. The project, which is pending government approval, would start production in …

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U.S. Drillers Cut Oil and Gas Rigs to Jan 2022 Low for Third Week – Baker Hughes

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By Scott DiSavino (Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022 for a third week in a row, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, an early indicator …

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US Drillers Cut Oil and Gas Rig Count to Lowest Since January 2022 -Baker Hughes

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June 14 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell …

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U.S. Drillers Cut Most Oil and Gas Rigs in a Month Since August – Baker Hughes

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U.S. energy firms this month cut the most oil and natural gas operating since August, even as the rig count remained unchanged this week, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, held steady at 600 in the …

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Canadian First Nation Rejects Obsidian Energy Drilling Expansion Plans

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Indigenous Energy, Latest, Natural Gas, Oil / By

Canada’s Woodland Cree First Nation has rejected oil and gas producer Obsidian Energy’s proposal to expand drilling operations on its traditional territory, the Indigenous community said in a statement on Monday. WHY IT’S IMPORTANT The formal notice that Woodland Cree’s chief and council have rejected Obsidian’s drilling plans mark a further breakdown in relations, after …

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U.S. Oil and Gas Rig Count Falls to Lowest Since January 2022 – Baker Hughes

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, US News / By

May 3 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, to the lowest since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of …

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U.S. Drillers Cut Most Oil Rigs in a Week Since November – Baker Hughes

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U.S. energy firms this week cut five oil rigs, the biggest weekly drop since November, energy services firm Baker Hughes said in its closely followed report on Friday.Meanwhile, the oil and gas rig count, an early indicator of future output, fell by six to 613 in the week to April 26, the lowest since February …

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