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Northbridge Industrial Services Plc

Worldwide offshore rig count in September up 43 rigs year-over-year

The worldwide offshore rig count in September 2019 decreased by four units sequentially, but increased by 43 units year-over-year, according to reports by Baker Hughes, a GE company.

BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count.

Baker Hughes reported on Monday that international rig count for September 2019 was 1,131, down 7 from the 1,138 counted in August 2019, and up 127 from the 1,004 counted in September 2018.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.