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NOV, Saudi Aramco announce joint venture in Saudi Arabia

National Oilwell Varco (NOV) announced entering into a memorandum of understanding with Saudi Aramco to form a joint venture in Saudi Arabia. Through its state-of the art manufacturing and fabrication facilities and NOV’s market-leading drilling technologies, the joint venture will manufacture high-specification land rigs, rig and drilling equipment, and offer certain aftermarket services...

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US total rig count hits 901

The US total rig count continues to climb, reaching 901 this week, according to the Baker Hughes weekly rig count. This is a 16-rig increase from last week and a 497-rig increase from one year ago. This week, US land rigs grew by 14 and offshore increased by two.

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US rig count on 17th weekly rise

For the past 17 weeks, the US rig count has continued to climb, according to the Baker Hughes weekly rig count. The total active rigs is now 885, compared to last week’s 877. The rig count jumped to 20 rigs in the Gulf of Mexico, a two-rig increase from one week ago.

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Interior Department advances America-First Offshore Energy Strategy

In accordance with Secretarial Order 3350, which implements President Trump’s America-First Offshore Energy Strategy, the Department of the Interior today announced it will move forward to resume its evaluation of applications from six companies seeking permits to conduct geological and geophysical (G&G) activities in the Atlantic Ocean in order to resume their evaluation, upon the grant of the remand by the Interior Board of Land Appeals (IBLA)...

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