10 January 2023 | Other

The number of drilling rigs in the world increased during 2022

According to the oilfield services company Baker Hughes, which is located in the U.S., the number of active oil and gas drilling rigs around the world have risen for the second year in a row.

While in 2021 the number of rigs was 1,361, this year it was 1,747. At the same time, in 2020 this number was equal to 1351, which is a record low.

According to the data, the number of active rigs worldwide was 1,890 in November. In December, the number dropped to 1,834. On the other hand, in December 2021, the number of rigs was 271 less.

In the U.S., the number of rigs in November and December was the same, equal to 779. Canada has another result. In December 2022, the number of installations fell to 150, which is 46 less than in November of the same year.

In Europe, the number of active rigs in December was 115, which is 13 more than the previous month. In Africa, the number for December increased by 1, bringing it to 92.

At the same time, the Asia-Pacific region's figure for December fell by 5, bringing the total to 197. The Middle East shows a similar picture, with the number down by 7 to 323. Latin America also saw a decline to 173, going down by 12.

It is worth noting that the historical maximum of active rigs is 5,624. It was recorded in 1981.

Company MarketCheese
Period: 31.12.2025 Expectation: 2000 pips
Buying USDJPY from 150.000
Yesterday at 11:20 AM 34
Period: 22.10.2025 Expectation: 840 pips
NVIDIA correction unlocks buying opportunities
Yesterday at 10:18 AM 27
Period: 30.11.2025 Expectation: 3800 pips
Buying EURUSD due to expectations of Fed rate cuts
Yesterday at 09:22 AM 40
Period: 21.10.2025 Expectation: 1200 pips
Double bottom suggests EURUSD reversal toward 1.175
Yesterday at 08:13 AM 29
Period: 22.10.2025 Expectation: 880 pips
USDCAD may correct amid escalating trade tensions
Yesterday at 07:58 AM 20
Period: 21.10.2025 Expectation: 7500 pips
Buying Bitcoin near support as price consolidates and US trade rhetoric eases
14 October 2025 54
Go to forecasts