Baker Hughes: US rig count drops 5 units to 1,047

The US drilling rig count reached 1,047 units working for the week ended June 29, down 5 rigs from a week ago, according to Baker Hughes data. The count is up 107 units from this time a year ago when the count stood at 940.  Source: News

Magnum holds open season for WEST Header Project

Magnum Energy Midstream Holdings LLC is holding a nonbinding open season for an interstate natural gas pipeline to transport natural gas bidirectionally between multiple receipt and delivery points, including storage, throughout multiple western US states. Source: News

Aramco, NOV plan JV in Saudi Arabia

Saudi Aramco and National Oilwell Varco Inc. will form a joint venture in Saudi Arabia. The proposed JV will provide high-specification land rigs, rig and drilling equipment, offer certain aftermarket services, and establish an education center to train Saudi technicians in the maintenance and operation of the drilling technology, the companies said. Source: News

WGC: Long-term gas consumption to rise under virtually all scenarios

Global natural gas consumption is projected to rise in the long term under virtually all major scenarios—including the most aggressive low-carbon transition—according to “Global Gas Report 2018,” released at the World Gas Conference by Snam, International Gas Union, and the Boston Consulting Group.  Source: News

Hess, CNX to sell JV assets in the Utica

Hess Corp. and CNX Resources Corp., Pittsburgh, will sell their 50-50 Ohio Utica joint venture assets to Ascent Resources-Utica LLC for net cash consideration of $400 million to each party. The assets, in the wet gas areas of Belmont, Guernsey, Harrison, and Noble counties, consist of 39,000 net acres including 26,000 net undeveloped acres.  […]