Drilling Rigs

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Exxon Plans to Drill Up to 30 Wells For its Seventh Oil Project in Guyana

By Sabrina Valle July 15 (Reuters) – Exxon Mobil Corp (XOM.N) plans to drill up to 30 wells as part of its seventh oil project in Guyana, named Hammerhead, according to the development plan proposed by the company and disclosed by the government on Monday. The project, which is pending government approval, would start production in …

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U.S. Drillers Cut Oil and Gas Rigs to Jan 2022 Low for Third Week – Baker Hughes

By Scott DiSavino (Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022 for a third week in a row, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, an early indicator …

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US Drillers Cut Oil and Gas Rig Count to Lowest Since January 2022 -Baker Hughes

June 14 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell …

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U.S. Drillers Cut Most Oil and Gas Rigs in a Month Since August – Baker Hughes

U.S. energy firms this month cut the most oil and natural gas operating since August, even as the rig count remained unchanged this week, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, held steady at 600 in the …

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Canadian First Nation Rejects Obsidian Energy Drilling Expansion Plans

Canada’s Woodland Cree First Nation has rejected oil and gas producer Obsidian Energy’s proposal to expand drilling operations on its traditional territory, the Indigenous community said in a statement on Monday. WHY IT’S IMPORTANT The formal notice that Woodland Cree’s chief and council have rejected Obsidian’s drilling plans mark a further breakdown in relations, after …

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U.S. Oil and Gas Rig Count Falls to Lowest Since January 2022 – Baker Hughes

May 3 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, to the lowest since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of …

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U.S. Drillers Cut Most Oil Rigs in a Week Since November – Baker Hughes

U.S. energy firms this week cut five oil rigs, the biggest weekly drop since November, energy services firm Baker Hughes said in its closely followed report on Friday.Meanwhile, the oil and gas rig count, an early indicator of future output, fell by six to 613 in the week to April 26, the lowest since February …

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U.S. Drillers Add Oil and Gas Rigs for First Time in Five Weeks – Baker Hughes

U.S. energy firms this week added oil and natural gas rigs for the first time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by 2 to 619 in the week to April 19. Despite …

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North Dakota’s Rig Count Drops as Consolidation Sweeps Oil Patch

 Operators in North Dakota’s Bakken oilfield reduced their rig count to 36 in April, down from 40 in March, marking the lowest number this year as a wave of consolidation has swept through the oil patch, state regulators said on Friday. “Their drilling budgets are disrupted especially if both are active in the Bakken. They …

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Environmental Ruling Threatens Wyoming Oil and Gas Drilling Leases

The U.S. Bureau of Land Management did not adequately analyze the potential climate change and wildlife impacts of a major oil and gas lease sale covering roughly 120,000 acres of federal land in Wyoming, a U.S. judge has said. U.S. District Judge Christopher Cooper in Washington, D.C., ruled on Friday that conservation groups had shown …

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