Baker Hughes recently published their International Rig Count . This rig count is at the end of April. It does not include the US, Canada, any of the FSU countries or inland China. The count includes both oil and gas rigs. Total International Rigs stood at 946 in April, down 39 for the month and down 436 rigs since the latest peak in July 2014. The Latin America rig count stood at 203 in April, down 15 rigs since April and down 204 since July 2014. Europe rig count stood at 90 in April, down 6 in the last month and down 63 since July 2014. African rigs seem to have leveled out. They stood at 90 in April, down only 1 from March. Africa’s latest peak was in November 2014 and they are down 52 from that point. The Middle East rig count had been holding steady but […]