Drillers added one oil rig in the week to Feb. 23, bringing the total count up to 799, the highest level since April 2015, Baker Hughes, a GE company, said in its weekly report. That was the first time since June that drillers added rigs for five consecutive weeks.

Drillers added seven oil rigs in the week to Feb. 16, bringing the total count up to 798, the highest level since April 2015, Baker Hughes, a GE company, said in its weekly report.

The U.S. rig count, an early indicator of future output, is much higher than a year ago when 591 rigs were active as energy companies have continued to boost spending since mid-2016 when crude prices began recovering from a two-year crash.

Statoil, Aasta Hansteen, subsea oil and gas

This month E&P takes a step back to the basics with a look at how operators are identifying the best locations to place subsea equipment during the field development phase. 

A concept using small FLNG vessels for stranded fields will save the industry billions of dollars.

Operators find subsea success by using existing infrastructure off the Norwegian coast.

Before deploying subsea development strategies, operators need to know where their equipment is going.

The new ‘normal’ is a catalyst for change.

Novel approach saves time and reduces risk for offshore casing installations.

Drillers cut five oil rigs in the week to Jan. 19, bringing the total count down to 747, Baker Hughes, a GE company, said in its weekly rig count report.

The total rig count rose to 752 in the week to Jan. 12, the most since September, Baker Hughes, a GE company, said in its weekly report.

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