The latest WellDatabase US Rig Report for June 26, 2026, shows the U.S. active rig count rising by 1 rig week-over-week to 550. This modest increase bucks a broader pattern of stability over the past year and comes against a backdrop of sharply tightening crude oil inventories—especially at the critical Cushing, Oklahoma hub—and continued draws […]
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The latest U.S. Rig Report from WellDatabase, dated June 12, 2026, shows the total active U.S. rig count at 557 — up 15 rigs week-over-week and +2 year-over-year. This marks a meaningful rebound after a period of relative stability.energynewsbeat.co The increase was driven primarily by oil-directed drilling, with gains concentrated in the Permian Basin and […]
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China is moving fast to solve one of the biggest bottlenecks in the global AI race: powering data centers quickly and cheaply. According to state broadcaster CCTV, the country has just launched its first prefabricated computing power hub in the eastern city of Qingdao, Shandong province. This modular power solution promises to slash construction time […]
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Houston, TX – June 6, 2026 – U.S. oil-directed drilling rigs posted their sixth consecutive weekly gain this week—the longest upward streak in domestic exploration since mid-2022—pushing the Baker Hughes oil rig count to 431. The increase comes as higher crude prices, fueled by ongoing disruptions and geopolitical tensions in the Strait of Hormuz, continue […]
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As the world grapples with the ongoing Strait of Hormuz crisis—triggered by the 2026 Iran conflict and resulting in the near-closure of a chokepoint carrying roughly 20% of global oil trade—energy security has never been more critical. North Dakota is positioning itself for a dramatic encore: a second Bakken boom powered by enhanced oil recovery […]
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ExxonMobil’s massive offshore operations in Guyana are delivering blockbuster returns, even as global oil markets navigate geopolitical turbulence. The U.S. supermajor, operator of the world-renowned Stabroek Block, is riding a wave of record production, ultra-low breakeven costs, and newfound regional stability following Venezuela’s political restructuring. As highlighted in recent market analysis, the consortium’s cost-recovery phase […]
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The upstream oil and gas sector stands on the cusp of a transformative opportunity. According to fresh analysis from Rystad Energy, digitalization and artificial intelligence could generate nearly $500 billion in cumulative value for Exploration & Production (E&P) companies between 2026 and 2030. This windfall would come through three main levers: cost reductions via more […]
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U.S. energy drillers added rigs at the fastest pace in years this week, with Baker Hughes reporting a solid +7 increase in the active rotary rig count to 558 for the week ending May 22, 2026. This marks the largest weekly gain in recent memory and extends a four-week streak of increases—the first such sustained […]
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The UK government has confirmed it will introduce legislation to permanently ban new North Sea oil and gas exploration licenses, embedding Energy Secretary Ed Miliband’s existing moratorium into law through the Energy Independence Bill. The move, announced in the King’s Speech on 13 May 2026, fulfills a core Labour Party manifesto pledge to position Britain […]
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Week Ending May 8, 2026 U.S. Rig Count Edges Higher for Third Straight Week The Baker Hughes U.S. rotary rig count rose by 1 rig to 548 for the week ending May 8, 2026. Here is the Full WellDatabase Weekly Report We recommend getting a Subscription at WellDatabase! This marks the third consecutive weekly increase […]
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