Baker Hughes Rig Count: U.S. -4 to 590 Canada +17 to 160

London, 14, June 2024, (Oilandgaspress): – U.S. Rig Count is down 4 from last week to 590 with oil rigs down 4 to 488, gas rigs unchanged at 98 and miscellaneous rigs unchanged at 4. Canada Rig Count is up 17 from last week to 160, with oil rigs up 15 to 104, and gas rigs up 1 to 55 and miscellaneous rigs up 1 to 1.
International Rig Count is down 25 rigs from last month to 953 with land rigs down 3 to 740, offshore rigs down 22 to 213. International Rig Count is down 12 rigs from last year’s count of 965, with land rigs up 11, offshore rigs down 23.
The Worldwide Rig Count for April was 1,726, down 67 from the 1,793 counted in March 2024, and down 82,from the 1,808 counted in April 2023.

RegionPeriodRig CountChange
U.S.A14 June 2024590-4
Canada14 June 2024160+17
InternationalMay 2024953.-25
Baker Hughes

Baker Hughes, an energy technology company, announced Thursday an award from the State Oil Company of Azerbaijan Republic (SOCAR) to employ its electric submersible pump (ESP) technology and automated field production software solution, Leucipa, in the nation’s oilfields. The signing ceremony for the joint cooperation agreement took place in Baku in the presence of Baker Hughes CEO and Chairman Lorenzo Simonelli and SOCAR President Rovshan Najaf.

The first 50 of more than 150 ESPs are expected to arrive this year. The combined offering will provide increased optimization across SOCAR’s oilfield operations with expected efficiencies significantly reducing the number of workovers.

“Baker Hughes and SOCAR have long worked together to employ innovative approaches to the oil and gas industry in the Caspian,” Simonelli said. “Technology remains essential to achieve sustainable energy development, and our proven production solutions generate shorter-cycle, lower-cost and lower-carbon barrels for our customer.”

The project will also have a significant local impact. The two companies will establish a joint center of excellence that will have the capability to manufacture, assemble, repair and maintain the ESPs. Baker Hughes will also invest in local workforce training initiatives. . Read More

The Baker Hughes Foundation announced Monday two grants in support of United Nations World Environment Day: a $310,000 grant to One Tree Planted and a $30,000 grant to Children’s Environmental Literacy Foundation (CELF). Both organizations share Baker Hughes’ vision of creating a more sustainable environment and society where employees live and work.

“It is paramount as a leader in the energy technology space that Baker Hughes helps the industry advance on the path to net-zero emissions and a sustainable energy future, and partnering with organizations like One Tree Planted and CELF can progress the planet towards a more sustainable environment,” said Jim Apostolides, Baker Hughes senior vice president of Enterprise Operational Excellence.

Led by the United Nations Environment Program and held annually in June since 1973, World Environment Day is the largest global platform for environmental public outreach and is celebrated by millions of people across the world. These grants support the global movement to foster climate education, biodiversity and global restoration activities.

The Foundation’s fourth grant to One Tree Planted will support 12 urban forestry projects in cities around the world, specifically in vulnerable areas. One Tree Planted’s mission is to reforest the planet, provide education and awareness around the importance of trees in the ecosystem, and inspire engagement and action. One Tree Planted has been a key enabler in the success of Baker Hughes’ commitment to environmental sustainability, recently reaching a total of 1 million trees planted across 17 countries as a result of the Foundation’s contributions. Read More