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US To Convert Pacific Oil Rigs Into Military Bases as Part of Anti-China Buildup

April 25, 2024

US To Convert Pacific Oil Rigs Into Military Bases as Part of Anti-China Buildup The idea is to create mobile missile defense systems and resupply bases The US Navy will convert surplus oil rigs in the western Pacific into mobile military bases as part of the US military buildup aimed at China, The Defense Post reported on […]

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Oil Rigs Rise For 12 Straight Weeks; Threaten Oil Price Recovery

April 7, 2017

Oil Rigs Rise For 12 Straight Weeks; Threaten Oil Price Recovery For the 12th week in a row, the number of US oil rigs rose (up another 10 to 672 – the highest since September 2015). US Crude production continues to track the lagged rig count, pouring more cold water on OPEC’s production cut party. […]

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Worldwide Rig Count Dropping Again

November 10, 2015

Worldwide Rig Count Dropping Again Baker Hughes has published its International Rig Count with production numbers for October. This is a monthly rig count and breaks out the international rigs by oil, gas and miscellaneous. Baker Hughes does not include the Former Soviet Union countries in their count or totals. Baker Hughes also includes the US and […]

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Shell Approval May Trigger Resource Race In The Arctic

May 25, 2015

Shell Approval May Trigger Resource Race In The Arctic In a few short months Shell will (re)enter the Chukchi Sea. The oil and gas major still awaits approval from a number of state and federal agencies, but in early May the company received the consent of the Obama administration to explore the remote Arctic sea 70 miles […]

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Where Have All The Rigs Gone?

March 6, 2015

Where Have All The Rigs Gone? Baker Hughes publishes a weekly oil and gas rig count by producing basin. I have created charts of all the most productive basins in order that we can see where oil and gas rigs are increasing or decreasing. Their historic rig count, by basin, goes back 4 years. It needs […]

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Global Drilling Slowdown On The Way

December 5, 2014

Global Drilling Slowdown On The Way. Baker Hughes rig count statistics show how drilling reacted to earlier falls in the oil price. There is always a time lag of months between an oil price event and a change in drilling. There are faint signs of US drilling starting to turn down and quite clear signs […]

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The Driving Force Behind the US Oil Boom

November 7, 2014

The Driving Force Behind the US Oil Boom. The shale revolution’s sweet spot is oilfield services, the lower-risk backbone of the American oil and gas boom that pays off regardless of a play’s economics. Behind the stardom of the explorers and producers who have put themselves on the revolutionary shale map and absorb most of […]

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