U.S. offshore rig count goes down a notch

Baker Hughes’ weekly rig count report has revealed that the number of offshore rigs in the U.S. dropped for the third week in a row, as it slipped down another unit last week. However, the total number of rigs operating in the U.S. took a plunge to 759 from 771 units during the previous week.

Following a decrease in the number of offshore rigs to 13, Baker Hughes disclosed on Friday, 3 February 2023, that the number of offshore rigs working in the U.S. went down to 12 units. The firm outlined that offshore rigs went down by 4 units on a year-over-year basis.

Furthermore, the company explained that the total number of active drilling rigs in the U.S. fell by 12 units last week, slipping to 759, which is higher by 146 rigs than last year’s count of 613.

Baker Hughes underscored that oil rigs in the U.S. went down by 10 units to 599 last week while gas rigs fell by 2 to 158 and miscellaneous rigs remained unchanged at 2 units.

Compared to last year, oil rigs went up by 102 units last week, gas rigs increased by 42 units and miscellaneous rigs rose by 2 units.

On the other hand, the total number of active rigs in Canada went up by 2 units last week to 249 rigs compared to the week before with oil rigs up by 2 units to 159 while gas rigs remained unchanged at 90.

Baker Hughes’ report also pointed out that the total number of rigs in Canada increased by 31 units from last year’s count of 218 rigs. While oil rigs went up by 23 units last week compared to the year before, gas rigs increased by 8 units.