London, October 24, 2025, (Oilandgaspress) –––The total number of active drilling rigs for oil and gas in the United States was up by 2, according to the latest data Baker Hughes published today..
Baker Hughes Rig Count: International -3 to 1076, :U.S. +2 to 550 Canada +1 to 199
U.S. Rig Count is up 2 from last week to 550 with oil rigs up 2 to 420, gas rigs unchanged at 121 and miscellaneous rigs unchanged at 9.
Canada Rig Count is up 1 from last week to 199, with oil rigs up 2 to 138, gas rigs unchanged at 61 and miscellaneous down 1 to 0.
International Rig Count is up 8 from last month to 1,084 with land rigs up 8 to 841, offshore rigs unchanged at 243
The Worldwide Rig Count for August was 1,793, up 7 from the 1,786 counted in July 2025, and down 153, from the 1,946 counted in July 2024.
| Region | Period | Rig Count | Change |
| U.S.A | October 24, 2025 | 550 | +2 |
| Canada | October 24, 2025 | 199 | +1 |
| International | September 2025 | 1084 | +8 |
| Baker Hughes |
U.S. Rig Count is down 35 rigs from last year’s count of 585 with oil rigs down 60, gas rigs up 20 and miscellaneous up 5. The U.S. Offshore Rig Count is up 4 to 21, up 5 year-over-year
Canada Rig Count is down 17 from last year’s count of 216 with oil rigs down 12, gas rigs down 5 and miscellaneous rigs unchanged
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $61.82 | — |
| Crude Oil (Brent) | USD/bbl | $66.22 | Up |
| Bonny Light 17/10/25 CBN | USD/bbl | $61.84 | — |
| Dubai | USD/bbl | $65.24 | Up |
| Natural Gas | USD/MMBtu | $3.22 | Down |
| Murban | USD/bbl | $69.20 | Down |
| OPEC basket 23/10/25OPEC | USD/bbl | $67.25 | Up |
| At press time October 24, 2025 |
Crude oil inventories in the United States decreased by 1 million barrels during the week ending October 17, after gaining 3.5 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday.
The most recent figures showed average daily gasoline production increasing to 9.6 million barrels. For middle distillates, inventories decreased by another 1.5 million barrel Shell will cut 20% of its employees, particularly in oil and gas exploration.
Global energy layoffs deepen in 2025 as crude prices weaken, M&A deals surge
Chevron, ExxonMobil, ConocoPhillips, BP, Shell, Equinor, Harbour Energy, APA Corp, OMV, Exxon’s Canadian affiliate Imperial Oil, Halliburton, and SLB have all began layoffs in certain geographies and markets, according to a snapshot of the job cuts in the oil and gas sector compiled by Reuters. .: Read More According to Reuters, Exxon Mobil plans to cut around 2,000 jobs worldwide, affecting between 3% and 4% of its workforce, though U.S. positions will remain untouched for now.
Imperial Oil, majority-owned by Exxon Mobil, is set to reduce its workforce by about 20% by the end of 2027.
In the U.S., ConocoPhillips will cut between 20% and 25% of its staff, a move that triggered a 4.5% drop in its share price. Chevron also projects a 20% reduction in global headcount. Petronas plans to lay off nearly 10% of its workforce
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Victor Cole , victor@oilandgaspress
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