Canadian rig count plunges deeper while US count sees significant drop week-on-week

Friday, 20 March 2020 21:35:57 (GMT+3)   |   San Diego
       

Baker Hughes has reported that for the week ending March 20, the US rotary rig count decreased by 20 to 772 rigs following a one-rig decrease the week before. The number of rigs drilling for gas decreased by one to 106, while the number of rigs drilling for oil decreased by 19 to 664. The overall rig count is now down by 244 rigs in a year-on-year comparison.

Meanwhile, the Canadian rig count decreased by 77 to 98 rigs in the week ending March 20, following a 28-rig decrease the week before. The Canadian rig count is now down by seven rigs compared to the same week a year ago.


Similar articles

US OCTG exports up 26.8 percent in January

27 Mar | Steel News

India’s VSTL setting up greenfield steel pipe making unit in Odisha

27 Mar | Steel News

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

India’s Welspun secures $62 million steel pipe supply contract in Saudi Arabia

26 Mar | Steel News

Some EU flat steel import quotas about to be exhausted near end of period

26 Mar | Steel News

Canada initiates review on line pipe from S. Korea

25 Mar | Steel News

India’s Welspun and Saudi Arabia’s Aramco terminate steel pipe supply contract

25 Mar | Steel News

US and Canadian rig counts both decline week-on-week

22 Mar | Steel News

US structural pipe and tube exports down 41.7 percent in January

22 Mar | Steel News

Tata Steel Nederland plans to close precision tube operations

22 Mar | Steel News