Tag: OCTG

The latest tally of active drilling rigs moved down in the US, while activity jumped in Canada this week, according to oil and gas rig count data published by Baker Hughes.

The latest tally of active drilling rigs moved marginally higher in the US, up for the first time in five weeks. Activity eased in Canada this week, according to oil and gas rig count data published by Baker Hughes. The US rig count increased to 604 rigs this week, setting an 18-month high watermark. Compared with this time last year, 56 more rigs are in operation today. Canada’s count declined by three to 223 rigs this week, easing for the first time in three weeks. Activity is up from the same week of 2025, with 32 more rigs operating today.

The US Department of Commerce recently made adjustments to the anti-dumping duties (AD) on certain steel pipe and tube imports after annual administrative reviews, according to notices in the Federal Register. Commerce reviewed the AD order on imports of oil country tubular goods (OCTG) from Mexico and lowered the dumping rate for one company. Tubos de Acero de Mexico received a 1.87% dumping rate for the year ended Oct. 31, 2024. The rate is down notably from 26.1% in the previous year. The all-others cash deposit rate remains set at 44.93%.

The US Department of Commerce has determined sizable dumping rates against Austria, Taiwan, and the United Arab Emirates in the trade case investigating imports of oil country tubular goods (OCTG). Recall the dumping investigations and a companion subsidy investigation were launched in April at the request of the US OCTG Manufacturers Association (USOMA), U.S. Steel, and the United Steelworkers.

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.

The latest tally of active drilling rigs held steady in the US for a third straight week, while activity rose 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 to this time last year, there are 53 more rigs in operation today. Canada’s count rose by three to 220 rigs this week, recovering after a short-lived easing the prior week. Activity is up compared to the same week of 2025, with 21 more rigs operating today.

The latest tally of active drilling rigs held steady in the US and slowed 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 to this time last year, there are 55 more rigs in operation today. Canada’s count decreased by five to 217 rigs this week, slowing for the first time in four weeks. Still, activity is up compared to the same week of 2025, with 19 more rigs operating today.

The latest tally of active drilling rigs rebounded in the US and moved higher in Canada this week, according to oil and gas rig count data published by Baker Hughes. The US rig count rose by five to 603 rigs this week, reaching a 17-month high. Compared to this time last year, there are 56 more rigs in operation today.

The latest tally of active drilling rigs increased in Canada while slightly easing in the US this week, according to oil and gas rig count data published by Baker Hughes.

The latest tally of active drilling rigs increased in both the US and Canada this week, according to oil and gas rig count data published by Baker Hughes.

The US Commerce Department has raised the anti-dumping duties (AD) on imports of oil country tubular goods (OCTG) from South Korea.

Drilling activity increased in the US this week but declined in Canada, according to active oil and gas rig count figures recently released from Baker Hughes. The US rig count rose by four to 595 rigs this week, now at the highest level recorded in over two years. Canadian counts eased to a 10-week low of 197 this week, down 10 rigs from the prior week.

The US Department of Commerce has raised the anti-dumping duties (AD) on imports of oil country tubular goods (OCTG) from Vietnam.

The latest Baker Hughes rig count figures show that oil and gas drilling increased in both the US and Canada through this week. Drilling is substantially higher than it was this time last year.

The US International Trade Commission (ITC) has voted not to sunset anti-dumping and countervailing duties (AD/CVDs) on imports of oil country tubular goods (OCTG) from a handful of nations.

Drilling activity held steady in the US but eased in Canada this week, according to recently released Baker Hughes rig count data.

The US Department of Commerce has made a preliminary subsidy determination in the trade case targeting imports of oil country tubular goods (OCTG), while also postponing the initial decision in the dumping portion of the case.

Baker Hughes’ latest data shows US oil and gas drilling activity was steady this week at a multi-month high, while activity slowed slightly in Canada.

Drilling activity eased in both the US and Canada this week, receding from multi-month highs, according to recently released Baker Hughes rig count data.

The latest Baker Hughes data shows drilling activity picked up in the US last week while edging higher in Canada.

Baker Hughes' latest data shows US oil and gas drilling activity was steady this week at a multi-year high, while activity slowed slightly in Canada.

Drilling activity increased in both the US and Canada this week, touching new multi-month highs, according to recently released Baker Hughes figures.

Drilling activity remained at or near multi-month highs in both the US and Canada this week, according to recently released oil and gas rig count figures by Baker Hughes.

Drilling activity ticked higher this week in both the US and Canada, according to recently released rig count data from Baker Hughes.

The latest data from Baker Hughes show that oil and gas drilling in the US was steady last week, while it tapered off further in Canada.

Oil and gas drilling activity in the US picked up over the past week, while drilling in Canada slowed, according to the latest Baker Hughes rig counts.

Drilling activity ticked higher this week in both the US and Canada, according to recently released rig count figures from Baker Hughes.

Oil and gas drilling activity in Canada picked up over the past week, while drilling in the US remained mostly steady.

US and Canadian drilling activity ticked higher this week, according to recently released data from Baker Hughes.

Steel imports could become even more prohibitive, facing even higher tariffs, pending the outcome of the Trump administration’s Section 301 investigation.