International offshore rig count goes further down YOY

Oilfield services provider Baker Hughes reported on Friday that the international offshore rig count for September 2016 was down by 47 rigs year over year.

According to the report, the international offshore rig count for September 2016 was 221, down 7 from the 228 counted in August 2016, and down 47 from the 268 counted in September 2015.

The international rig count for September 2016 was 934 down 3 from the 937 counted in August 2016, and down 206 from the 1,140 counted in September 2015.

The average U.S. rig count for September 2016 was 509, up 28 from the 481 counted in August 2016, and down 339 from the 848 counted in September 2015.

The average Canadian rig count for September 2016 was 141, up 12 from the 129 counted in August 2016, and down 42 from the 183 counted in September 2015.

The worldwide rig count for September 2016 was 1,584, up 37 from the 1,547 counted in August 2016, and down 587 from the 2,171 counted in September 2015.

The worldwide offshore rig count for September 2016 was 240, down 6 from 246 counted in August 2016, and 62 from 302 counted in September 2015.