BHI: Yearend US rig count continues to climb

The US rig count increased yet again this week, jumping 5 units to reach a total of 658 during the week ended Dec. 30, according to data from Baker Hughes Inc. Source: News

ONGC to buy stake in Deen Dayal West field offshore India

Oil & Natural Gas Corp Ltd. said it will buy the 80% stake in Deen Dayal West field offshore eastern India held by Gujarat State Petroleum Corp. Ltd. The agreement for $995.26 million includes operatorship. Source: News

Production starts at Ivar Aasen field in Norwegian North Sea

Ivar Aasen oil field in the Norwegian North Sea has begun producing (OGJ Online, Oct. 25, 2016). Oil production began Dec. 24, some 4 years after the plan for development and operation was submitted. Source: News