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Delivering an integrated technician workforce for a just energy transition between oil and gas to wind has moved a step closer as 15 technicians complete the pilot…
Lower breakeven and emissions compared to oil. Here’s a structured summary and analysis of the latest U.S. rig activity based on the Baker Hughes data and broader market context: U.S. Rig Count Summary (Latest Baker Hughes Report) Category Current Count Change (W/W) Change (Y/Y) Total U.S. LNG export growth potential.
Workers employed by Repsol, CNOOC, and MCL Medics are all involved in strike ballots or forthcoming industrial action on offshore platforms, Unite highlighted in the statement. percent increase in basic pay.
million) North Sea oil installation' Image by Alexander Sikov via iStock BEL Valves announced in a release sent to Rigzone recently that it had “lock[ed]… in [a] GBP 5 million ($6.7 in [a] GBP 5 million ($6.7 in [a] GBP 5 million ($6.7 in [a] GBP 5 million ($6.7 in [a] GBP 5 million ($6.7
oil and gas drilling sector continues its downward trend as the Baker Hughes rig count fell for the ninth consecutive week , marking the longest streak of declines since mid-2020. Oil rigs at their lowest since October 2021. June 30, 2025 The U.S. Here is a concise summary of the latest U.S. Here is a concise summary of the latest U.S.
In the statement, TIPRO noted that the June figure was a decline of 2,700 industry positions from May employment numbers, adding that this represented an increase of 200 jobs in oil and gas extraction and a decrease of 2,900 jobs in the services sector.
drilling continues a slow decline , led by losses in oil-directed rigs. drilling continues a slow decline , led by losses in oil-directed rigs. Offshore drilling saw a temporary rebound , gaining 4 rigs. Here is a summary of the U.S. Here is a summary of the U.S.
The project will be managed from JDR’s UK service centre in Newcastle, with offshoretechnicians, equipment, and technical support provided throughout the operation to ensure the umbilicals are properly monitored during the installation and integration phases and provide onsite support throughout the whole process.
oil and gas sector faced a notable setback this week as the national rig count dropped by seven, bringing the total to 583 active rigsthe lowest level since early 2022. According to the latest Baker Hughes report, oil rigs experienced the steepest single-week decline since June 2023, falling by nine to 480. oil-producing region.
Oil rigs led the decline, while natural gas rigs posted a slight gain. June 2, 2025 The U.S. rig count continued its downward trend last week, dropping by 3 rigs to 563 the lowest level since November 2021. Oklahoma and the Marcellus/Utica region saw notable shifts, with mixed results across other key producing states.
oil and gas rig count remained unchanged this week at 592 , according to the latest Baker Hughes report. While oil-directed rigs increased by 1 to 487 , gas rigs declined by 1 to 100 , reflecting a cautious drilling environment amid shifting market dynamics. March 17, 2025 The U.S.
oil and gas rig count dipped slightly this week, falling by one to a total of 592 active rigs, according to the latest data from Baker Hughes. Notably, the Permian BasinAmericas top oil-producing regionsaw a drop of three rigs, bringing its total to the lowest level since February 2022. March 31, 2025 The U.S.
oil and gas sector continues to navigate price volatility and capital discipline, the latest Baker Hughes rig count highlights a steady decline in drilling activity even as production forecasts remain bullish. May 19, 2025 As the U.S. Here’s a snapshot of the current landscape, key state-by-state trends, and what it means for 2025.
oil and gas rig count posted a modest rebound, according to the latest Baker Hughes report. The total rig count rose by two, with both oil and gas rigs each ticking up by one. Rig Count Rises Utica Shale Leads Gains Baker Hughes appeared first on Oil Gas Leads. April 21, 2025 After four consecutive weeks of decline, the U.S.
April 7, 2025 As the oil and gas industry continues navigating price volatility and shifting capital strategies, the latest rig count data from Baker Hughes and Enverus reveals a mixed picture. Meanwhile, oil rig activity ticked upward, reflecting continued investment in high-return plays despite overall caution across the sector.
According to the latest Baker Hughes report, the total number of active oil and gas rigs rose by two to 587, although overall rig activity remains below last year’s levels. Rig Count Rises for Second Consecutive Week Baker Hughes appeared first on Oil Gas Leads. April 28, 2025 U.S.
oil and gas industry saw a slight dip in drilling activity last week, as Baker Hughes reported a one-rig decline , bringing the total national rig count to 592. While the decrease was minimal, it reflects broader industry trends influenced by oil and gas prices, production strategies, and market conditions. March 10, 2025 The U.S.
Of the 10-13 oil-bearing layers in the basin, the company is currently developing only 7-8 layers , leaving room for enhanced resource recovery. Final Thoughts The Permian Basin remains a key pillar of ExxonMobils global energy strategy, alongside its offshore investments in Guyanas Stabroek Block. energy production, contributing 6.26.3
Questions about Ownership and More Who owns the CO 2 , what happens to the remaining oil when that CO 2 is injected into partially depleted oil formations, and how long will there be government money to pay for it? The mystery involves what exactly happens to that oil in the injection and storage process.
The facility will act as a hub for advanced engineering and train highly skilled technicians in-country, contributing to the development of local talent. The proof-of-concept is the first phase in a potential multi-stage deployment that could see the technology incorporated more widely across ADNOC L&Ss offshore logistics operations.
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