Active
oil rigs fell by five to 744.
What's more, the number of active North American
oil rigs fell by two in the week ended June 30, from 758 to 756 rigs, the first such contraction since January, according to the Baker Hughes Rig Count.
The count of active
oil rigs fell with prices, but has risen over the past few months, mostly in the Permian.
Not exact matches
Oil fell earlier in the day after a weekly report showed U.S. drillers added five oil rigs in the week to April
Oil fell earlier in the day after a weekly report showed U.S. drillers added five
oil rigs in the week to April
oil rigs in the week to April 27.
Faced with
falling oil prices, companies are turning to technology startups to make their
rigs more efficient
Terex (TEX), which makes heavy equipment used on
oil rigs and in mines,
fell into this latter category.
Last week, the
oil rig count
fell for the first time in four months, by two to 441.
The US
oil rig count
fell by the most in two months this week, by 21 to 524, according to oilfield services giant Baker Hughes.
Last week, the
oil -
rig count rose by 11, gas
rigs fell by three, and miscellaneous
rigs were unchanged at two.
There were nearly 1,500
rigs up and running in Q4 of 2015 when
oil prices began
falling precipitously.
The dollar's weakness, however, failed to help global
oil prices, which continued to
fall in Monday trading following last Friday's data from Baker Hughes (BHI) showed U.S.
oil and natural gas producers added 21
rigs over the past week,
After
falling for four consecutive months, support activities for mining and
oil and gas extraction rose 9.9 % in April, as both
rigging and drilling services advanced.
The U.S.
oil -
rig count
fell by 13 to 400 in the latest week, according to Baker Hughes Inc., maintaining a recent clip of sharp declines.
Active
oil rig counts continue to
fall, and are at their lowest level since August» 99.
The markets reacted apathetically to Baker Hughes US Crude
Oil Drilling
Rig Count., UP 5 to 820
Rigs, Most Since March 2015 suggesting that the primary focus is
falling on Iran sanctions while declining production is overshadowing the
Rig count in Venezuela and Angola.
But most of the redundancies are likely to
fall on researchers and engineers whose work has focused on big projects, such as the installation of huge
oil rigs and pipelines.
Riding all night, the bus half empty, toward the interior, among refineries, trellised and turreted illusory cities, the crass, the indispensable wastefulness of
oil rigs offshore, of homunculi swigging at the gut of a continent: the trailers, the semis, the vans, the bumper stickers, slogans in day - glo invoking the name of Jesus, who knows what it means: the air waves, the brand name, the backyard Barbie - doll barbecue, graffiti in video, the burblings, the dirges: heart like a rock, I said Kathy I'm lost, the scheme is a mess, we've left Oklahoma, its cattle, sere groves of pecan trees interspersing the horizonless belch and glare, the alluvium of the auto junkyards, we're in Kansas now, we've turned off the freeway, we're meandering, as again night
falls, among farmsteads, the little towns with the name of a girl on the watertower, the bandstand in the park at the center, the churches alight from within, perpendicular...
Trinidad, which builds and operates
oil and natural gas
rigs, makes up a full 65 % of Johnson's holdings, and he still considers it a buy, despite that fact that it's been
falling since mid-May.
As more and more
oil rigs are shut down there is a growing «perception» (right or wrong) that new
oil production will start to
fall and the current over supply of
oil on the market will reverse course.
$ 1.7 Million Verdict against a drilling
rig and an
oil company when a Jones Act seaman
fell from an elevated platform of a semi-submersible drilling
rig.