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Canada drilling boosts rig count

Total number of units active worldwide rises in August but US offshore, Middle East and Latin America down

Canada’s drilling drive buoyed global rig activity last month but numbers headed south in the US, particularly in offshore, Baker Hughes said.

The total number of units active in August in Canada was 217, up from 198 in July and vastly up on the 129 in August 2016, the services giant, now part of GE, said.

Oil rig count flat at 759

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The growth came onshore, with 215 rigs active last month as compared with 197 in July and 128 a year ago. There was only an average of two offshore rigs working off Canada last month, however, albeit that this was an improvement on the single unit in both July this year and August last year.

The worldwide rig count was 2116 in August, up from 2110 in July and 1547 in August 2016. Onshore numbers were up 13 from July to 1896, nearly 600 up on a year ago.

Offshore rig numbers dwindled month-on-month, however, from 227 to 220, also well down on 246 in August 2016.

The total number of rigs in Africa, Latin America and the Middle East fell month-on-month, with Asia-Pacific flat and Europe.