International rig count falls in August: Baker Hughes

09/09/2024 Argaam
Oil drilling rigs

Oil drilling rigs


The international rig count decreased by 53 units year-on-year (YoY) in August, but rose by 22 units month-month (MoM), bringing the total count to 1,735, data of energy services firm Baker Hughes showed.

 

Oil rigs in the Middle East decreased by eight MoM and but grew YoY, reaching a total of 337.

 

The international rig count, except for the US and Canada, fell by three units MoM to 931 in August.

 

Oil & Gas Rigs

Region

A year earlier

July

August

MoM Change

YoY Change

Middle East

329

345

337

(8)

8

Total (excluding North America)

952

934

931

(3)

(21)

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