10 January 2023 | Macroeconomics

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: 20.12.2024 Expectation: 2470 pips
GBPUSD is targeting 1.2300 level as selling pressure increases
Today at 08:20 AM 22
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
2nd in the segment "Currencies"
Period: 29.11.2024 Expectation: 800 pips
Silver buyers get ready to test 31.5 level
Yesterday at 11:27 AM 59
Gold sell
Period: 01.12.2024 Expectation: 8110 pips
Gold loses ground as demand for safe haven assets wanes
Yesterday at 10:04 AM 159
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Metals"
2nd in the segment "Oil and gas"
Period: 29.11.2024 Expectation: 700 pips
AUDCAD does not exit downward trend lines
22 November 2024 50
Period: 02.12.2024 Expectation: 560 pips
Brent oil on its way up after exiting bilateral pattern
22 November 2024 173
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
2nd in the segment "Currencies"
Period: 26.11.2024 Expectation: 2840 pips
Selling USDJPY with target at 152.00 influenced by BoJ policy
21 November 2024 102
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Metals"
2nd in the segment "Oil and gas"
Go to forecasts