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Drillers cut five oil rigs in the week to July 19, bringing down the total count to 779, the lowest since February 2018, Baker Hughes, a GE company, said in its weekly report.
EOG Permian Wolfcamp wells, Chesapeake Powder River Basin completions plus a new prospect offshore Ireland top this week’s drilling activity highlights from around the world.
Trident’s bid for the Pampo and Enchova shallow-water fields has yet to be confirmed by Petrobras’ board of directors, which is scheduled to meet next week, two sources said.