U.S. oil rigs fell gain this week General Electric Co’s Baker Hughes reported, this follows earnings from Baker Hughes GE Co. $BHGE and Schlumberger $SLB with concerns about driling activity. On a monthly basis rigs fell 9 in September, after declining 7 in August.
U.S. Drillers Drop Oil and Gas Rigs Heading Into Earnings Season
U.S. oil rigs fell gain this week General Electric Co’s Baker Hughes reported as we head into earnings season and the hurricane season continues with maintainence and disruptions. On a monthly basis rigs fell 9 in September, after declining 7 in August.
US Oil Rigs Fall 2 as Post Harvey Drilling Plans Develop
U.S. oil rigs fell gain this week General Electric Co’s Baker Hughes reported. Last week rigs rose for the first time in three weeks last week post maintainence and Harvey disruptions. On a monthly basis rigs fell 9 in September, after declining 7 in August.
With Crude Higher U.S. Oil Rigs Rise Again After Just 3 Weeks
U.S. oil rigs rose again this week with WTI oil back over $52. Rigs had fallen the past three with maintainence and Harvey disruptions. On a monthly basis it is down by 9 in September, after declining 7 in August. U.S. drillers added six oil rigs in the week to Sept. 29 General Electric Co’s Baker Hughes reported.
Rigs Continue to Rise in North America Post Harvey
Natural gas rigs rose while US oil rigs fell again this week after the Hurricane Harvey cleanup continues. With U.S. oil and gas production already back to pre Harvey levels. Bakers Hughes U.S. oil rig count fell 5 to 744. Canada added 10 oil rigs.
Transocean $RIG Takes $1.4 Billion Charge, Retires 6 Ultra-Deepwater Rigs
Deep sea driller Transocean $RIG announced Friday that it retire six ultra-deepwater floaters and that as a result they will recognize an impairment charge of $1.4 billion in the third quarter of 2017. $RIG Is up near 2% on the news.
US Oil Rigs Fall on Harvey as Canada adds 10 says Baker Hughes
US oil rigs fell this week less than expected after Hurricane Harvey cleanup continues. Bakers Hughes U.S. oil rig count fell 7 to 749. Canada added 10 oil rigs.
US and Canada Oil Rigs Both Lower Baker Hughes Shows
US oil rigs drew a breath this week. Bakers Hughes U.S. oil rig count fell 5 to 763. Canada lost 6 rigs.The lower rigs were mainly due to mainenance takedowns.
US Oil Rigs and Canada Rise Baker Hughes Shows
US oil rigs keep motoring along, Bakers Hughes oil rig count rose 3 to 768 much to the chagrin of OPEC. With oil stable around $50 shale projects keep producing as U.S. exports continue to rise.
Diamond Offshore Drilling Swings to Profit on Ultra Deepwater Contracts, $DO up 5%
Deep Sea Driller Diamond Offshore Drilling $DO swung to profit in the second quarter 2017 on Monday buoyed by Ultra-Deepwater contracts. $DO is up 5% on the earnings.