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Global Oil and Gas Rig Count Down by 55 in Dec: Baker Hughes

OIL

Global oil and gas rig count in December fell by 55 rigs on the month to 1,739, according to Baker Hughes

  • Oil and gas rigs were 95 lower than December 2022.
  • The US saw a rise of 4 rigs on the month to 623. This is down 156 on the year.
  • Canada’s rig count fell by 36 in December to 161. This is up 6 year-on-year
  • In the Middle East, rigs fell by 11 on the month to 336, but were up 13 compared to December 2022.

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