Offshore activity continues its climb
By Richard Rostad, analyst, Oil & Gas 360

International drilling activity increased slightly in February, according to the latest edition of Baker Hughes’ International Rig Count.

A net three international rigs came online in the month, after falling by one in January. With 1,027 rigs running, the international rig count is at the highest level since January 2016, when activity was still falling from the oil price downturn.

Land-based activity continued to slide, with five such rigs coming offline in the month. Eight offshore rigs started drilling in the month, bringing the international total to 777 land and 250 offshore.
Oil drilling is favored
Operations shifted in favor of oil drilli...

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