Weekly oil rig count jumps by 41 in Canada
In comparison, the U.S. count is up by 15 from last week
According to the Baker Hughes Rig Count, Canada's count is up 41 rigs from last week to 244, with oil rigs up 32 to 152 and gas rigs up 9 to 92. Canada is also up 35 rigs from last year's count of 209, with oil rigs up 24 and gas rigs up 11.
The U.S. Rig Count is up 15 rigs from last week to 796, with oil rigs up 14 to 673, gas rigs up 1 to 120, and miscellaneous rigs unchanged at 3.
The U.S. Rig Count is down 254 rigs from last year's count of 1,050, with oil rigs down 179, gas rigs down 78, and miscellaneous rigs up 3 to 3.
The U.S. Offshore Rig Count is down 1 to 20 and up 1 rig year-over-year.
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Industries such as construction, mining, energy, utilities and forestry, face many challenges when it comes to tracking assets and employees. Equipment often has to be transferred between locations, or monitored while it is dormant during off seasons. Lone workers may have to travel long distances or visit multiple sites during the course of their activities. And, all of this is further complicated today with shifting supply chains and economic realities putting further strain on the bottom line.