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Month: May 2019

International Rig Count Update, up 23 Units!

May 8, 2019
| International Rig Count

Baker Hughes issued their international rig count data yesterday, here is the break down: The international rig count for April was 1,062, up 23 from the 1,039 counted in March, and up 67 from the 978 counted in April 2018. Latin America is up 2 units from the previous month to 190 and is down 1 unit year-over-year. The Asia-Pacific

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Oil and Gas History Today– Erle P. Halliburton founds Well Cementing Company

May 7, 2019
| Archives

Erle Palmer Halliburton founded the Halliburton Company as an oilfield well service and cementing company. The Wilson, Oklahoma, venture succeeded his New Method Oil Cementing Company formed a year earlier during the Burkburnett oil boom in North Texas. Go visit American Oil and Gas Historical Society!link- AOGHS The use of cement in drilling oil wells has remained an integral part of

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Awilco Drilling confirms decom extensions with Shell

May 7, 2019
| Archives

Awilco Drilling PLC is pleased to confirm that Shell UK Limited has given notice of its intention to exercise two options under the WilPhoenix decommissioning contract covering the abandonment of 5 further wells. The contract is therefore extended to 24 firm wells with the firm duration now estimated to run to late Q1 2020. Options remain under

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Anadarko accepts Occidental’s sweetened bid

May 7, 2019
| Archives

Anadarko Petroleum Corp.’s board has declared Occidental Petroleum Corp.’s sweetened $38 billion takeover “superior,†allowing Chevron Corp. to either boost its offer or walk away with a $1 billion breakup fee. The announcement by Anadarko, which had rebuffed several prior bids from Occidental, comes almost a month after it agreed to be purchased by Chevron for $33 billion.

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Bassoe: Floater Report

May 6, 2019
| Archives

Floater contracting activity has picked up again, with several one-year or longer awards in W Africa, S America, and SE Asia. Dayrates in the spot market continue to linger at low levels, but forward rates (to 2022) for UDW drillships have approached $300,000, as seen in the contracts for Diamond’s Ocean BlackRhino and Ocean BlackHawk with Woodside

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“The worst is behind us†says Halliburton CEO on 1st Q results

May 3, 2019
| Archives

“Our results for the first quarter played out as we expected and I’m pleased with how our organization executed both in North America and internationally. We continued to collaborate with our customers to engineer solutions that maximize their asset value,†commented Jeff Miller, Chairman, President and CEO. “Total company revenue of $5.7 billion was essentially flat compared

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IPAA says final well control rule puts “the protection of its workers, the environment, and coastal communities first.â€

May 3, 2019
| Archives

Representing the independent producers that develop 90% of America’s oil and natural gas wells, Independent Petroleum Association of America (IPAA) President and CEO Barry Russell issued the following statement on the release of the Bureau of Safety and Environmental Enforcement (BSEE) final improved Blowout Preventer Systems and Well Control regulations (Well Control Rule): “The BSEE revisions to the

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