The weekly U.S. offshore rig count increased by one active unit the previous week from 21 to 25 January, Baker Hughes, a GE company, reported on January 25. Specifically, the U.S. Offshore Rig Count is up 1 rig to 20 and up 3 rigs year-over-year.
Mainly, US Rig count increased by 9 rigs from last week to 1,059 rigs, with oil rigs up 10 to 862 and gas rigs down 1 to 197.
Additionally, the US rig count is up 112 rigs, in comparison to last year’s count of 947. The oil rigs summed up to 103 and the gas rigs up to 9.
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Concerning Canada, according to Baker Hughes Rig Count it increased by 23 the previous week, reaching the 232 rigs.
Canada’s oil rigs rose up 18, reaching the 146 and gas rigs were up by 5 to 86.
In conclusion, Canada rig count is decreased to 106 rigs, compared to 2017’s count of 338, with oil rigs down 74 and gas rigs down 32.
