Wednesday, September 3, 2025
U.S. Rig Count Drops by Nine This Week - Oil & Gas 360

U.S. Rig Count Drops by Nine This Week

Canadian numbers rise by 18 This week’s Baker Hughes rig count shows that U.S. numbers fell by nine, bringing the total down to 975. Compared to this time last year, the decline is even steeper, with yearly numbers down 87 compared to June of 2018. Canada, on the other hand, is up compared to last week with a total count

International Rig Count: Inclusion of Ukrainian Rigs Juices the Total - Oil & Gas 360

International Rig Count: Inclusion of Ukrainian Rigs Juices the Total

Baker Hughes (stock ticker: BHGE) released its monthly international rig count today, revealing an increase of 64 compared to April, bringing the total number of rigs to 1,126. The number of offshore rigs, however, fell 11 compared to last month, totaling 240. All regions experienced a net decrease in rigs compared to last month except for Europe, which increased 88

U.S. Restricts Exports of Oil Diluents to Venezuela - Oil & Gas 360

U.S. Restricts Exports of Oil Diluents to Venezuela

The Treasury Department placed a notice yesterday on its website announcing that the U.S. is restricting any U.S. firm from exporting diluents to Venezuela. Diluents are used to help enable Venezuela’s heavy oil to flow. The restrictions put international companies on notice of doing any diluent business with PDVSA, the Venezuelan national oil company. From the U.S. Treasury Department –