International offshore rig count up sequentially, down YOY

Oilfield services provider Baker Hughes reported on Friday that the international offshore rig count in April 2016 was up sequentially, but down year over year. 

According to Baker Hughes’ report, the international rig count for April 2016 was 946, down 39 from the 985 counted in March 2016, and down 256 from the 1,202 counted in April 2015.

The international offshore rig count for April 2016 was 220, up 9 from the 211 counted in March 2016, and down 80 from the 300 counted in April 2015.

U.S. & Canada

The average U.S. rig count for April 2016 was 437, down 41 from the 478 counted in March 2016, and down 539 from the 976 counted in April 2015.

The average Canadian rig count for April 2016 was 41, down 47 from the 88 counted in March 2016, and down 49 from the 90 counted in April 2015.

Worldwide

The worldwide rig count for April 2016 was 1,424, down 127 from the 1,551 counted in March 2016, and down 844 from the 2,268 counted in April 2015.