Industry drilling rig slowdown
Oil Drillers in the Shale Heartland Slow Down Operations
The U.S. shale oil industry, which has been the driving force behind the country''s rise to become the world''s leading oil producer, is now slowing down operations. This
A top CEO declared the U.S. oil industry has ''peaked''
As a global slowdown spreads throughout every industry, U.S. oil producers are quickly pivoting to drop drilling rigs and cut costs with prices
Offshore Drilling Outlook to 2035
Operators have not increased their ofshore exploration capex, maintaining low activity levels. Marketed utilization has been reduced to ~62-69% for ofshore rigs with an increasingly large
Down the hole hammers: a guide for drillers and
Discover the impact of Down the Hole Hammers (DTH hammers) in urban redevelopment projects. Learn how these specialized tools enable
Drilling rig market set to change
Market drivers point to a slowdown in new project activity, Ian Simpson and James Graf of ABS report. Changes in the drilling rig market are indicators of industry ups and downs.
US Oil Drillers Back Off As Oil Prices Continue to Hurt
The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, following a 2 rig
Why Are Oil And Gas Production Rising When Rig
The number of rigs drilling for oil and gas is falling. Yet, the U.S. is poised to set new oil and natural gas production records this month. This
Fewer Rigs, Bigger Payoff: US Oil Production
The U.S. rig count has seen a significant decrease, dropping from approximately 780 rigs at the start of 2023 to around 620 rigs currently. Yet,
Reducing Non-Productive Time: Strategies for Cost
Reducing Non-Productive Time (NPT) is critical for cost optimization in offshore drilling operations, where operational efficiency
U.S. Shale Is Slowing Down Due To Factors Beyond
The U.S. shale industry is slowing down, and a recovery during the rest of 2023 seems increasingly unlikely due to a variety of factors beyond
Trump''s tariffs threat hits Canada, slows down oil, gas drilling
Canada''s oilfield drilling and services sector is already experiencing signs of a slowdown, as the threat of US President Donald Trump''s proposed tariffs raises concerns about the industry''s
Trump promised a drilling boom, but US energy
Trump promised a drilling boom, but US energy industry hasn''t been interested Exec: "Liberation Day chaos and tariff antics have harmed the
Oil Rig Count Plunges Amid Scary Price Environment
The total number of active drilling rigs for oil and gas in the United States came crashing down this week, according to new data that Baker Hughes published on Friday,
Tech Advances Drive Record Oil Production Amid Rig Count
Today''s oil companies have become more efficient in the exploration-and-production game. The industry now is drilling multiple wells from a single pad, which cuts the
Slow Circulation Rate Definition & Application
Slow circulation rate recording is an important step before starting killing a well. Here, you shall understand its applications & procedure.
How a Water Well Drilling Rig Deals with Caverns in 2025
2 days ago· In 2025, a water well drilling rig hitting a cavern is no longer a hopeless "downhole black hole." Instead, it''s a manageable challenge thanks to advanced technology and detailed
US drillers cut oil and gas rigs for third week in a row,
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes
Trump''s tariffs threat hits Canada, slows down oil, gas drilling sector
Canada''s oilfield drilling and services sector is already experiencing signs of a slowdown, as the threat of US President Donald Trump''s proposed tariffs raises concerns
Mining Jobs in 2025: Will the Industry Face a Hiring Slowdown
Gold prices are soaring, but battery metals and base metals face uncertainty. Is mining heading for another hiring slowdown, or will skilled professionals remain in demand?
U.S. Drilling Activity Slows: What It Means for the Middle Market
A recent Dallas Federal Reserve survey, highlighted in Gas Outlook, paints a sobering picture of the current state of U.S. oil and gas drilling. Operators across the board are
Down the hole hammers: a guide for drillers and engineers
Discover the impact of Down the Hole Hammers (DTH hammers) in urban redevelopment projects. Learn how these specialized tools enable geotechnical engineers to
Spring breakup slowdown offers needed pause for hard hit drilling industry
Spring breakup slowdown offers needed pause for hard hit drilling industry March 17, 2020 By Dan Healing Industry Energy Manufacturing Resource Sector Drilling will be
Shale Slowdown? Halliburton Sounds the Alarm
Halliburton: U.S. customers are re-evaluating drilling activity plans for 2025. Halliburton saw a drop in North American revenue for Q1 2025. The
U.S. Drilling Rig Count Up Slightly, Remains Near Four-Year
1 day ago· Analysis of the latest Baker Hughes data shows a slight weekly gain in the U.S. rig count to 537, though the figure remains near a four-year low amid falling production and oil
Saudi rig suspensions slow Middle East offshore
Saudi rig suspensions slow Middle East offshore growth prospects The analyst now expects growth in the region of 1%, down from its previous
US drillers cut oil and gas rigs to lowest since
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fifth week in a row to the lowest since November 2021,
US oil production forecast to reach new heights
Sommers said the industry was concerned about delays to export licence approvals for new US LNG plants and rumours that the administration
Total US Drilling Rig Tally Falls: Here''s What it Means
In its weekly release, Baker Hughes (BKR) reports that the total count of oil rigs in the United States was lower than the prior week, and the count for natural gas also declined.
Why U.S. Oil and Gas Production Is Slowing Down
Lower oil prices and a focus on shareholder returns are leading US oil companies to drill less, slowing production growth. Efficiency gains have
Sliding US rig count outpaces efficiency gains,
The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore crude output from the
U.S. Oil Drilling Slow Down Continues
The total number of total active drilling rigs in the United States fell by 5 this week, according to new data from Baker Hughes published Friday, falling by more than 70 rigs over
U.S. shale drilling rig-usage decreases by most in five months
After better-than-expected production from fewer rigs in 2023, U.S. shale executives now are in the midst of slowing down amid a shrinking inventory of top-tier drilling
6 FAQs about [Industry drilling rig slowdown]
Are rig count declines outpacing drilling efficiency gains?
"We have seen a 25% improvement over the last few years in rig efficiency, but the rig count has fallen over 30% over that same period. Put simply, the rig count declines have begun to outpace drilling efficiency gains," said Brandon Myers, head of research at Novi Labs. "This is a recent development," he added.
Is the offshore drilling rig market going down in 2024?
The year 2024 has been another strong year for the offshore drilling rig market with high utilisation and dayrates. However, the winds of change have started to blow, and the market is already showing some signs of weakening demand and declining dayrates across the three main rig types – jackups, semisubs, and drillships.
Will offshore drilling continue in 2025?
Offshore drilling sees strong 2024, but market corrections expected in 2025 due to declining demand and dayrates. Inflationary pressures to drive changes across rig types.
Will oil rigs fall in early 2026?
Our Standards: The Thomson Reuters Trust Principles. The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore crude output from the world's top producer could fall in early 2026.
Why are US oil companies drilling less?
Lower oil prices and a focus on shareholder returns are leading US oil companies to drill less, slowing production growth. Efficiency gains have partially offset the decline in drilling activity. Natural gas production has fallen year-over-year due to low prices earlier in 2024.
Will shale rigs keep onshore production rising?
Sign up here. But the number of rigs working in U.S. shale fields has almost fallen so low - and is projected to keep falling - that those improvements will not be enough to keep onshore U.S. production rising, or even steady in some basins, analysts say.
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