australia drilling rig count

Rig use in Indonesia has also increased from 19 active units in April to 21 in May, however it remains down from 28 active units pre-COVID. The IHS Markit team of subject matter experts, analysts and consultants offers the actionable intelligence you need to make informed decisions. Updated each Friday, the Weekly Rig Count provides accurate offshore drilling rig data by major region and globally. Of this number, the U.S. had 12 active offshore rigs last month, vs 24 in June 2019, and Canada's June 2020 count was two, down from last year June's three offshore drilling rigs.

All Rights Reserved, Get free World Rig Forecast: Short-Term Trends Report, Get ahead of Interbank Offered Rate (IBOR) benchmark reform, View the Petrodata Offshore Rig Day Rate Trends Report, California Do Not Sell My Personal Information. North America has been decimated by both COVID-19 restrictions and the oil price crash which saw US Crude prices fall briefly into negative territory two months ago. Missed an event or webinar? According to Baker Hughes there are 18 active oil and gas drilling rigs in Australia, down from 24 in April and 26 in March. The Middle East rig count also continued to fall, to 375 units from 420 in April. The number of rigs drilling for gas is 60 lower than last year. Latin America experienced an increase compared to last year, coming in at 31 active offshore rigs for June 2020, compared to last year's 27. The Company will continue tracking this data going forward. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902.

The number of rotary rigs drilling for oil is up 10 to 223.

Browse our huge range of Drilling Rigs Davies International has access to 1000’s of Drilling rigs across Australia as well as having international partners with stock ready and available for immediate sale.

The worldwide active rig count in June was 208, compared to 273 a year ago, and 210 in May 2020.

Recently it began using a new system to increase profits by reducing geosteering operations from hours to minutes with real-time data, improving communication efficiency between engineers and geophysicists, and by integrating seismic information with well data. The number of rotary rigs drilling for oil is up 6 to 213. Vietnam has two active rigs, as does Thailand and Japan.

Overall, the world had 208 active offshore drilling units in June 2020, down by 65 rigs compared to last year's 273. This does not reflect the number of rigs actually working at any given time as some contracted rigs may be moving between locations, undergoing maintenance, waiting on weather, etc.

Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Baker Hughes Tool Company began weekly counts of U.S. and Canadian drilling activity. 0413 907 649 rigsale1@bigpond.net.au Home; Drills. IHS Markit and CNPC ETRI are jointly presenting th (...), Join APLA and IHS Markit as we approach the end of (...), With a decline in production forecast for #naturalgas prices in 2021, demand will have a major impact on market dyn… https://t.co/35rxY24tdb, Evaluating a site for a #powergeneration project? Australian offshore rig count highest since 2012 THE Baker Hughes monthly offshore rig count for June revealed there are nearly 70 more rigs in operation worldwide than this time last year, with the Asia Pacific rig count up 12 year-on-year. Chevron Australia job losses a murky situation, Chevron to cut 600 jobs across operations, Today is Anti-Chevron Day as online protests held across the world, Couche-Tard walks away from Caltex, for now, Woodside contract ray of light for MODEC over first quarter, Senex's $52M impairment of Cooper oil makes it thankful of big gas exposure, NCCC urges gov't to underwrite new pipeline investment, Another huge pumped hydropower project to go ahead, Assessing & implementing the requirements to access connection, 88 Energy (ASX:88E) Prepares for Billion Barrel Farm Out, Empire Energy - Shale Gas Takes Hold in Australia, Copyright © 2000-2020 Aspermont Ltd. All rights reserved. This is down from 117 active rigs in March, or roughly 10%.

Myanmar and the Philippines both fell from two rigs to none over May. There are 535 fewer rigs targeting oil than last year.

The Middle East followed with 44 offshore rigs active last month, a drop by 10 units compared to June 2019 54. Similarly, North America - Canada and the U.S. - saw its active offshore rig count for June 2020 fall to 14 units, down from 27 in June last year.

Canada has just 23 active rigs, compared to 250 pre-COVID-19. The active rig count acts as a leading indicator of demand for products used in drilling, completing, producing and processing hydrocarbons. The Asia Pacific had the most active drilling rigs in June 2020 at 91 units, compared to 95 a year ago. Review the recordings of past online events. The Baker Hughes Rig Counts are an important business barometer for the drilling industry and its suppliers. Explosives trucks and storage magazines, anfo mixers, blast hole, water bore, geotechnical, diamond drills. BP refinery closure leaves Kwinana "devastated and... Triangle pulls reserves statement after BP shutdown... Central brushes off uncertainty with bullish approach... Nail-biting US election to decide fate of energy dominance... Slugcatcher on Exxon's time to crash-through or crash... Kwinana shutdown: Perth Basin's oilers react, 6 steps to getting large scale hydrogen up and running, Green hydrogen costs to fall by up to 64% by 2040. July 2, 2020. IHS Markit delivers critical analysis and guidance spanning the world's most important business issues. The North American rig count is released weekly at noon Central Time on the last day of the work week.

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IHS Markit will resume our in-person events once it is safe to do so. Because they have been compiled consistently for 70 years, Baker Hughes Rig Counts also are useful in historical analysis of the industry. Read the, Thousands of oil rigs left stranded as drilling work dries up, Robust outlook for gas: Gas Exporting Countries Forum, Profits down but PNG LNG expansion on track: Wulff.

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