Daily Management Review

Baker Hughes reports decline in global oil and gas rigs number


The number of drilling rigs for oil and gas worldwide fell in April in monthly terms by 450 units, or 23%, to 1514 units, according to data from the American oil and gas service company Baker Hughes.

Paul Lowry
Paul Lowry
In annual terms, the number of operating rigs decreased by 626, or 29.2%.

In the USA, according to the company, the indicator in monthly terms decreased by 206, or 26.7%, and amounted to 566, in Canada - by 100, or four times, up to 33 units.

The number of drilling rigs in Europe decreased by 11 (-8.9%) to 112. In the Middle East, the total number of drilling rigs decreased by eight (-1.9%) and amounted to 420. In the Asia-Pacific region (APR), the number of rigs decreased by 40 (-17%), to 191, in Africa - decreased by five, or 4.6%, to 103. In Latin America, the indicator fell by 80 (-47.3%), to 89 installations.

Baker Hughes provides weekly data on changes in the number of rigs in the United States and Canada since 1944. Since 1975, a service company has published the number of drilling rigs worldwide every month. 

source: reuters.com