International offshore rig count goes up sequentially, down YOY

The international offshore rig count for November 2016 was up sequentially but down year over year. 

According to a report on Wednesday by the oilfield services provider Baker Hughes, the international offshore rig count for November 2016 was 211, up 11 from the 200 counted in October 2016, and down 48 from the 259 counted in November 2015.

The total, international rig count for November 2016 was 925, up 5 from the 920 counted in October 2016, and down 184 from the 1,109 counted in November 2015.

The average U.S. rig count for November 2016 was 580, up 36 from the 544 counted in October 2016, and down 180 from the 760 counted in November 2015.

The average Canadian rig count for November 2016 was 173, up 17 from the 156 counted in October 2016, and down 5 from the 178 counted in November 2015.

The worldwide rig count for November 2016 was 1,678, up 58 from the 1,620 counted in October 2016, and down 369 from the 2,047 counted in November 2015.

The worldwide offshore rig count for November 2016 was 235, up from the 225 counted in October 2016, and down 55 from 290 counted in November 2015.