Baker Hughes EUA informa que 9 plataformas perderam o contrato

Baker Hughes USA Reports That 9 Platforms Lost Their Contracts

Written by Flavia Marinho

Published on 27/08/2018 at 00:26

Updated on 27/08/2018 at 00:31

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Baker Hughes U.S. Drillers Report Reveals 9 Oil Rigs Lost Drilling Contracts

U.S. energy company Baker Hughes reports a cut of nine oil drilling rigs this week, the largest reduction since May 2016, following a recent drop in oil prices. The oil rig count fell to 860 in the week ending August 24, the company, Baker Hughes, a subsidiary of General Electric, reported in its report published on Friday (24). U.S. crude oil futures trading around $69 per barrel have fallen about 7% so far this quarter, leading to the first quarterly decline since the second quarter of last year.

Reflections on the Global Market

This week’s prices end a streak of seven consecutive declines, and sanctions on Iran may limit global supply as a trade war may not dampen Chinese appetite for U.S. oil. The count of U.S. rigs serves as a leading indicator of future production. Exactly one year ago, 759 rigs were active, and following increased production and coordinated efforts with OPEC (Organization of the Petroleum Exporting Countries), energy companies have been able to boost the number of offshore units. So far, U.S. oil averages $66.33 per barrel compared to averages of $50.85 in 2017 and $43.47 in 2016. Looking ahead, oil is projected to trade at $69 for the remainder of 2018 and $66 for the 2019 calendar year.

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Looking Ahead

Simmons & Co analysts predict that the total count of oil and natural gas rigs will increase from 876 to 1,031 in 2018, 1,092 in 2019, and 1,227 in 2020. So far, the total number of active oil and gas rigs in the United States has reached an average of 1,014. This keeps the total count for 2018 on track to be the highest since 2014, with an average of 1,862 rigs. Most rigs produce oil and gas.

Baker Hughes USA Reports That 9 Platforms Lost Their Contracts

Baker Hughes U.S. Drillers Report Reveals 9 Oil Rigs Lost Drilling Contracts

Reflections on the Global Market

Looking Ahead

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Baker Hughes USA Reports That 9 Platforms Lost Their Contracts

Baker Hughes U.S. Drillers Report Reveals 9 Oil Rigs Lost Drilling Contracts

Reflections on the Global Market

Looking Ahead

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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Argentina’s TV erupts and fires back: “the minister is selling us out to the Brazilians” after a snow campaign becomes the target of mockery.

A Brazilian municipality relies on 97% federal money, has 14 secretariats, 11 councilors, and a budget of R$ 131 million, but only 915 people are formally employed, and no one knows how the other 25,000 live.

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