London, 24 May 2024, (Oilandgaspress): – U.S. Rig Count is down 4 from last week to 600 with oil rigs unchanged at 497, gas rigs down 4 to 99 and miscellaneous rigs unchanged at 4.
Canada Rig Count is up 6 from last week to 120, with oil rigs up 7 to 64, and gas rigs down 1 to 56.
International Rig Count is up 7 rigs from last month to 978 with land rigs up 7 to 743, offshore rigs unchanged at 235
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.
| Region | Period | Rig Count | Change |
| U.S.A | 24 May 2024 | 600 | -4 |
| Canada | 24 May 2024 | 120 | +6 |
| International | April 2024 | 978. | +7 |
Baker Hughes announced Thursday it was awarded a major contract from SONATRACH for a gas-boosting project for the Hassi R’Mel gas field in Algeria. The contract is part of a broader order awarded to a consortium between Baker Hughes and Tecnimont, part of technology and engineering group MAIRE. The signing ceremony took place in Algiers in the presence of the three company CEOs: Rachid Hachichi of SONATRACH, Lorenzo Simonelli of Baker Hughes, and Alessandro Bernini of MAIRE, as well as H.E. Mohamed Arkab, Minister of Energy & Mines. Baker Hughes’ awarded scope includes the supply of 20 compression trains based on Frame 5 gas turbine and BCL compressor technology, which will be installed across three gas boosting stations within the Hassi R’ Mel gas field. Located 550 km south of Algiers,Hassi R’ Mel is the largest gas field in Algeria and one of the largest in the world,representing a key source of energy supply for Algeria and Europe. Baker Hughes’ proven technology solutions are expected to play a central role in the project by boosting and stabilizing the pressure of natural gas and increasing production at site, which will enhance Algeria’s domestic energy system and economy as well as Europe’s energy security. “Today’s announcement marks a notable milestone in our historical collaboration with SONATRACH for key energy projects in Algeria that have played a crucial role in supplying reliable energy to Europe,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “We have long believed that it is critical to increase gas within the overall global energy mix to help achieve a lower-carbon economy. This project helps to solve for energy producers’ multi-faceted challenge of driving sustainable energy development as energy demand increases. We are proud to support such a critical energy project in partnership with Tecnimont.” The new gas-boosting stations are part of Algeria’s ambitious plan to strengthen its role in the global energy market and its commitment to natural gas as a key energy source for socio-economic development Read More
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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