The number of working offshore and onshore oil rigs has increased across the world, while the total number in the US has fallen.
The Baker Hughes rotary rig count is reporting an increase of 12 rigs globally since the count on 6 January last year.
As each country begins to climb back to 2015 type rig numbers the US is down 5 rigs from the previous count, though the growing number of onshore rigs continues to be positive.
The US, who in 2007 boasted over half the world’s operational rigs, are however seeing a substantial increase in numbers since last year.
In 2015, the average rig number in the US was 977, which dropped to 510 before growing again in 2017 with an average count of 875.
Canada also saw a dramatic rise in numbers last year – at one stage seeing an increase close to a hundred rigs – which seems to have settled down once more.
Internationally the average number of rigs in 2015 was 2337, dropping to 1592 in 2016 before rallying again last year to 2029 rigs on average across the globe.
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