U.S. offshore rig count slips a notch

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States dropped down by one unit last week. The total number of rigs operating in the U.S. also went down to 749 from 753 units during the previous week.

Following the no change in the number of offshore rigs working in the U.S., Baker Hughes disclosed on Friday, 3 March 2023, that the number of these units fell to 16 last week. In addition, offshore rigs were up by 4 units on a year-over-year basis.

Furthermore, the company points out that the total number of active drilling rigs, including onshore and offshore ones, in the United States decreased by 4 units to 749 last week, which is up by 99 rigs from last year’s count of 650 with oil rigs going up by 73 units, gas rigs climbing up by 24 units, and miscellaneous rigs rising up by 1 unit.

In comparison to the figures from the week before, oil rigs in the U.S. went down by 8 units to 592 last week while gas rigs went up by 3 units to 154 and miscellaneous rigs rose by 1 unit to 3.

Moreover, the total number of active rigs in Canada went up by 2 units last week to 246 rigs compared to the previous week with oil rigs unchanged at 158 units while gas rigs climbed up 2 units to 88.

According to Baker Hughes’ report, the total number of rigs in Canada rose by 29 units from last year’s count of 217 rigs. While oil rigs increased by 24 units last week compared to the year before, gas rigs rose by 6 units and miscellaneous rigs went down by 1 unit.