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According to industry watcher Houston-based Baker Hughes, there were 765 rigs drilling for oil or gas on land, offshore or on inland waters within the United States on Sept. 30.
Westwood expects the Norwegian Petroleum Directorate to approve 25-30 plans for development and operation for offshore projects by the end of 2023.
Land drill rig day rates have increased in a number of regions due to an increase in drilling demand combined with higher commodity pricing. In the U.S., in particular, day rates have increase by 25% in 2022, according to Westwood’s latest analysis.
>> shannon: jonathan, thank you very much. the policy problems in the poems that kevin reported on earlier sparking new headaches for the white house and complaints from some of the president's most -- well at one time ardent supporters. the biden administration hits another new low, a new monopole showing a whopping 88% of americans say the u.s. is on the wrong track. let's talk about the issues tonight with our panel. fox news contributor's richard fowler and jason chaffetz. gentlemen, great debbie back. >> good to see you, shannon. >> shannon: let me play something here from u.s. oil and ga...
Offshore may be on the rebound, but Gulf of Mexico rigs are hard to find.