The Baker Hughes Inc. (BHI) U.S. land rig count gained again during the week ending June 10, and with increasing confidence, analysts following the drilling and services sector have been calling a bottom to the long-running activity decline.
Activity
Articles from Activity
Helmerich & Payne Keeping High-Tech Rigs Ready, but Expecting More Deterioration in U.S. Land
Contract driller Helmerich & Payne Inc. is keeping its fleet in top-notch shape for an eventual industry upturn, but management conceded on Monday that a return to business-as-usual is unlikely before the second half of the year.
May 2, 2016
Helmerich & Payne Keeping High-Tech Rigs Ready, but Expecting More Deterioration in U.S. Land
Contract driller Helmerich & Payne Inc. is keeping its fleet in top-notch shape for an eventual industry upturn, but management conceded on Monday that a return to business-as-usual is unlikely before the second half of the year.
May 2, 2016
U.S. Rig Count Halts Descent, For Now
After plummeting 28 rigs in the week-ago tally, the Baker Hughes Inc. census of active U.S. drilling rigs held steady with the previous week in the report issued Friday (Dec. 18).
December 18, 2015
17 NatGas Rigs Leave Active Duty; Oil Gains 17
Drillers voted overwhelmingly in favor of oil in the latest Baker Hughes Inc. U.S. rig count. While the overall U.S. count was static, 17 oil rigs were added, neatly offset by the departure of 17 natural gas rigs.
December 18, 2015
E&P, OFS Recovery Not Expected For A While, Say Energy Experts
The upstream oil and gas industry, which has managed to stay afloat this year through mergers, debt and derivatives, is poised to hit even choppier seas in 2016 as acquisition activity slows and leveraged companies face increased probabilities for defaulting, according to a cadre of energy experts.
November 25, 2015
Baker Hughes Sees Continuing Decline in North American Stimulation, Completions Services
North American onshore activity isn’t showing any signs of recovery, with demand continuing to decline for stimulation, drilling services and completions product lines, Baker Hughes Inc. reported Wednesday.
October 21, 2015
‘Most Severe Downturn’ in Decades Still Not Over, Says Schlumberger CEO
Schlumberger Ltd., the world’s largest oilfield services operator and industry bellwether, delivered somber third quarter results, with CEO Paal Kibsgaard warning that the worst isn’t over.
October 16, 2015
NOAA: Fewer Hurricanes Again This Year, But Is It A Trend?
Forecasters with the National Oceanic and Atmospheric Administration (NOAA) said there is a 90% chance that this year’s hurricane season will be below normal, but they added that while 2015 could be the third consecutive year for reduced hurricane activity, it was too early to tell whether it was the beginning of a trend that could last decades.
August 6, 2015
‘Visibility Remains Limited’ For North America’s Onshore, Says Schlumberger CEO
The North American rig count may be near a bottom, but it could be months before land operations show any signs of improvement, Schlumberger Ltd. CEO Paal Kibsgaard said Friday.
July 17, 2015
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