Oil: new drilling in the USA

14 November 2016, 10:00 | di FIRSTonline editorial team | 0

Drilling is on the rise according to the update published by Baker Hughes, Canada is also on the rise.

Oil utility company Baker Hughes released its weekly update on the number of active rigs on Friday evening. These are on the rise in North America (+21). The number of rigs in the USA is stable at 744 units (-1). Slight increase in oil wells (+2), while gas wells decreased by two (miscellaneous ones -1). On the more operational front, the greatest increase came from vertical drilling, which increased by 1 unit (-2 horizontal rigs). Canada gains 22 new rigs, Gulf of Mexico stable. On a monthly basis, North America reports an increase of 35 wells in the US and 15 in Canada. South America decreased slightly (-6), while Europe dropped by 5 and Africa was stable. Source: Bloomberg

FIRSTonline editorial team

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