US rig count drops week-on-week while Canadian count continues uptrend

Friday, 07 August 2020 20:46:41 (GMT+3)   |   San Diego
       

Baker Hughes has reported that for the week ending August 7, the US rotary rig count decreased by four to 247 rigs following a neutral trend the week before. The number of rigs drilling for gas remained level at 69, while the number of rigs drilling for oil decreased by four to 176. The overall rig count is now down by 687 rigs in a year-on-year comparison.

Meanwhile, the Canadian rig count increased by two to 47 rigs in the week ending August 7, following a three-rig increase the week before. The Canadian rig count is now down by 93 rigs compared to the same week a year ago.


Similar articles

Local Chinese steel pipe prices mostly decline

28 Mar | Tube and Pipe

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