US services giant Halliburton is offering five tranches of senior notes for a total of US$7.5 billion, to use the cash to fund a portion of the pending $34.6 billion Baker Hughes mega merger. Image from Baker Hughes…
North Sea production could finally reverse its 15-year downward trend this year as new fields come onstream and production efficiency measures take hold. According to the Department of Energy and Climate Change provisional 2015 production figures…
According to the Baker Hughes offshore rig statistics, Latin America’s rig count is 62, down from 69 a month ago and down from 70 a year ago. The Europe offshore count is holding steady at 48, the same as it was one month ago and one year ago…
Baker Hughes Inc. issued the November 2014 international rotary drilling rig count today, showing a total of 1324 rigs operating worldwide in November 2014, outside of the US & Canada. International activity in November was up 16 rigs from the 1308 rigs drilling in October 2014…
Among the notable industry milestones in 2014, organizations commemorated significant anniversaries and acknowledged not just survival, but growth. Sesquicentennial! – 2014 is the 150th anniversary of the Foundation Det Norske Veritas…
Baker Hughes issued the August 2014 international rotary drilling rig count, showing a total of 1339 rigs operating worldwide in August 2014, outside of the US & Canada. The results show a decrease of 43 from the 1382 counted in July 2014…
Baker Hughes issued the July 2014 international rotary drilling rig count last week, showing a total of 1382 rigs operating outside the US & Canada. International activity in July was up 38 rigs from the 1344 rigs drilling in June 2014…
Baker Hughes issued the June 2014 international rotary drilling rig count this week, showing a total of 1344 rigs operating outside the US & Canada in June. International activity was down 6 rigs from the 1350 rigs drilling in May 2014…
Baker Hughes issued the May 2014 international rotary drilling rig count today, showing a total of 1024 rigs operating outside the US & Canada. International activity in May was up 4 rigs from the 1020 rigs drilling in April and up 68…
Today's Baker Hughes North American offshore rotary rig count listed 58 rigs operating this week, down 2 rigs from a week ago but up 2 rigs from a year ago (4% year-over-year increase). Gulf of Mexico The majority, 56 rigs, are working in the Gulf of Mexico…
Today's Baker Hughes North American offshore rotary rig count listed 60 rigs operating this week, up 3 rigs from a week ago and up 9 rigs from a year ago (18% year-over-year increase). The majority, 58 rigs, are working in the Gulf of Mexico…
Baker Hughes Inc. rotary rig count shows 61 rigs active offshore US for the last two weeks, up 10 rigs from a year ago (19.6% year-over-year increase). This includes 55 rigs working off Louisiana (up from 47 a year ago), 2 rigs off Texas (up from 1 rig)…
Bristow Group has secured a number of new multi-year contracts for offshore oil and gas services across Europe and in other established and emerging markets. In total, the contracts are for 12 large and three medium helicopters, expected to generate up to US$850 million in revenue…
Subsea 7 has been awarded a US450million contract by Petrobras for the use of the Seven Pheonix pipelay vessel for five years. The vessel has operated for Petrobras for several years and is currently under contract with the Brazilian oeprator…
Investment in North Sea oil and gas production has been predicted to top a 30 year high - but cost per barrel has risen five-fold in the past decade, according to analysis by the industry.Malcolm Webb, chief executive of Oil & Gas UKOil & Gas UK…
