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Baker Hughes data shows drop in US oil-rig count

The number of rigs drilling for oil in the US dropped by five to 763 this week, according to the Baker Hughes weekly rig count. Meanwhile, the number of rigs drilling for natural gas jumped from 181 to 182. The total US active rig count now stands at 946, with 927 rigs drilling on land and 16 offshore.

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Transocean announces agreement to acquire Songa Offshore

Transocean has reached an agreement with Songa Offshore whereby Transocean will, subject to certain conditions, make a voluntary exchange offer to acquire 100% of the issued and outstanding shares of Songa Offshore, including shares issued before expiry of the offer period as a result of the exercise of warrants, convertible loans and other subscription rights...

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US rig count drops by five

The total US rig count dropped by five this week, reaching 949 rigs, according to the Baker Hughes weekly rig count. The report shows the number of rigs drilling for oil and gas on land fell from 934 to 928 this week. Offshore, the count grew by one rig, hitting 18.

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Atwood Oceanics announces contract for Atwood Achiever

Atwood Oceanics announced that one of its subsidiaries agreed to a one well contract at an undisclosed dayrate for operations offshore Northwest Africa with Kosmos Energy Ventures for the ultra-deepwater rig, the Atwood Achiever. The new contract will commence immediately following the completion of the well in progress under the existing contract and includes six one-well priced options. As a result of this contract, the expected earliest availability of the Atwood Achiever is March 2018, assuming no options are exercised. If all six options were to be exercised, the drilling program would extend until approximately December 2018. Rob Saltiel, President and Chief Executive Officer of Atwood Oceanics, commented, “We are pleased to extend our drilling operations for Kosmos Energy in ...

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BHGE releases coiled-tubing simulation software

BHGE announced the introduction of its CIRCA coiled tubing simulation software, which enables coiled tubing service providers to maximize equipment performance and improve operational efficiency in well interventions. Based on learnings from the field and built and refined over three decades, the software allows coiled tubing providers and operators to build better job models for more predictable results...

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