Upstream

The U.S. natural gas rig count dropped one unit to finish at 71 for the week ended Friday (Sept. 11) amid generally modest changes to domestic drilling activity during the period, the latest figures from Baker Hughes Co. (BKR) show. One oil-directed rig and one natural gas-directed rig exited the patch in the United States…

Amid declining activity in the natural gas-heavy Marcellus and Haynesville shales, the U.S. rig count fell two units to 254 for the week ending Friday (Sept. 11), according to updated figures from oilfield services (OFS) provider Baker Hughes Co. (BKR). The United States dropped one oil-directed rig and natural gas-directed rig overall during the week,…

Beleaguered Weatherford International plc, beset for years by internal issues and mounting debt, next month is bringing aboard its third CEO in as many years to attempt to instill a “fresh perspective.” Incoming CEO Girish K. Saligram, who also has been named president, would take over in mid-October. He previously was COO at Exterran Corp.…

Schlumberger Ltd. is collaborating with two technology wizards to push digital transformation across the natural gas and oil industry. The joint initiative with IBM and Red Hat would provide global access to Schlumberger’s exploration and production (E&P) cloud-based environment and cognitive applications. The world’s No. 1 oilfield services (OFS) provider offers technology for reservoir characterization,…

U.S. oil production increased by an estimated 10.8 million b/d in August as Lower 48 operators brought wells back online in response to rising prices after curtailing production amid low demand in the second quarter, according to the U.S. Energy Information Administration (EIA). In the latest Short-Term Energy Outlook (STEO) issued on Wednesday, EIA said…

Mexico needs to work towards developing its vast natural gas resources as it pivots to building an energy matrix around gas and renewables, according to a series of industry panelists who spoke virtually Tuesday at the Mexico Gas Summit.  “We depend on natural gas. If we are going to compete internationally, we need to have…

The U.S. natural gas rig count finished unchanged at 72 rigs during the week ending Friday (Sept. 4), while a modest increase in oil activity helped keep the overall domestic tally on an uptrend, the latest data from Baker Hughes Co. (BKR) show. The U.S. rig count gained two units overall to reach 256, including…

Tulsa-based Unit Corp., which sought bankruptcy protection in late May, has completed restructuring with enhanced financial strength, CEO David T. Merrill said. The Lower 48 explorer’s exit from Chapter 11 was approved by the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division.  “Our successful financial restructuring positions us to handle current challenges…

The U.S. rig count gained two units to reach 256 for the week ending Friday (Sept. 4), putting the domestic tally on a modest uptrend over the past month, the latest data from Baker Hughes Co. (BKR) show. The United States added one oil-directed rig and one miscellaneous rig during the week, while natural gas-directed…