West Eclipse (for illustration purposes); Source: Seadrill

U.S. picks up the pace to boost offshore rig count

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States upped the ante last week by adding three units. However, the total number of rigs operating in the U.S. slipped to 748 from 751 units during the week before.

West Eclipse (for illustration purposes); Source: Seadrill

Following the decrease in the number of offshore rigs working in the U.S. to 17, Baker Hughes revealed on Friday, 14 April 2023, that the number of these units rose to 20 last week. In addition, offshore rigs went up by 8 units on a year-over-year basis.

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Furthermore, Baker Hughes’ report points out that the total number of active drilling rigs – including onshore and offshore ones – in the United States fell by 3 units last week, reaching 748, which is higher by 55 rigs than last year’s count of 693 with oil rigs going up by 40 units, gas rigs jumping up by 14 units, and miscellaneous rigs inching up by 1 unit.

When compared to the figures from the week before, oil rigs in the U.S. were down by 2 units to 588 last week while gas rigs slipped by 1 unit to 157 and miscellaneous rigs kept the status quo at 3 units.

On the other hand, the total number of active rigs in Canada took a nosedive, plunging to 111 rigs, which is 16 units less compared to the week before with oil rigs slipping down by 7 units to 45 while gas rigs fell down by 9 units to 66.

Moreover, the company’s report underlines that the total number of rigs in Canada climbed up by 8 units from last year’s count of 103 rigs. While oil rigs decreased by 4 units last week compared to the year before, gas rigs went up by 12 units.

Rig count; Source: Baker Hughes
Rig count; Source: Baker Hughes