Canada
August 8, 2024
Stelco Q2'24 earnings slip over the year
Written by Stephanie Ritenbaugh
Canadian steelmaker Stelco saw second-quarter profit slip compared to a year ago.
Second-quarter results
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Drilling activity holds in the US, moves higher in Canada
The latest tally of active drilling rigs held steady in the US for a fourth straight week, while activity rose further in Canada this week, according to oil and gas rig count data published by Baker Hughes. The US rig count remained unchanged at 603 rigs this week, maintaining a 17-month high. Compared with this time last year, 57 more rigs are in operation today. Canada’s count rose by six to 226 rigs this week, gaining ground for a second consecutive week. Activity is up from the same week of 2025, with 39 more rigs operating today.
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