Trending News: Malaysia Accelerates Energy Transition With Grid Investments, Solar Expansion, And Energy StorageOswal Pumps Announces INR 456 Crore Investment Plan for 1.2 GW TOPCon Solar Cell Manufacturing FacilityPower Grid Acquires Lakadia II Transmission Project For Gujarat’s 7,500 MW Renewable Energy ZoneCREA: India Curtailed Over 4% of Its Solar Output in July and AugustSaudi Arabia Insists Energy Supply Remains ResilientOil Jumps 2% as Saudi Attacks and Tanker Strikes Revive Hormuz FearsOn-site oxygen generation offers alternative supply models for African hospitalsQatarEnergy targets new LNG capacity for 2027BMI Predicts Brent Crude Will Remain Above $100 for MonthsOil Stuck Between Middle East Escalation and Russia-Ukraine Energy TrucePakistan Looks to Import Crude Oil from Libya to Diversify SupplyWhy medical oxygen plants must be built to lastUSA Oil, Gas Workforce Hits Post Pandemic September LowPOWERGRID Commissions Rajasthan Renewable Energy Transmission Project Under Phase III, Part C1Two More Oil Tankers Attacked Near Strait of HormuzSupertanker Rates Slip From Record HighsJapan Urges Asia to Build Up Oil Reserves as Middle East Risks MountIndia’s Battery Storage Capacity Set to Surge Nearly 50 Fold by 2032South Korean researchers claim more efficient method for making MOFsEnergy Market Mistaking Adaptation for NormalizationIndian Stock Market Falls as Sensex Drops 0.76%, Renewable Energy Stocks Show Mixed Performance (12 October 2026)US Executive Order on Chinese Grid Equipment Could Disrupt Battery Storage Supply Chains, Rystad Energy SaysNippon Sanso bolsters Australian healthcare business with Heeson acquisitionEgypt Strengthens ICARDA Cooperation On Solar Irrigation, Water Conservation And Agricultural ProductivityEnce launches €200m decarbonisation initiative at Spanish bioplantEskom’s Energy Availability Factor Hits Six-Year High of 68.2% as Unplanned Outages Fall 28% in South AfricaDominion Energy–NextEra Merger Agreement Raises Concerns Over Offshore Wind and Renewable Energy in VirginiaSri Lanka Launches Solar Power Initiative To Reduce Electricity Costs For Small BusinessesRussia, Germany Add Diesel Supply as Fuel Market Scrambles for BarrelsTrump’s Russia-Ukraine Energy Ceasefire May Only Cover Oil RefineriesUERC Revises Electricity Connection Rules, Introduces Standardized Charges for Loads up to 150 kW In UttarakhandMPTL Seeks MERC Transmission Licence For INR 252.68 Crore Nashik Substation Project In MaharashtraTata Power Renewables Executes 419 MW Projects and 131.2 MWh Storage in Q2 FY27, Up 130% YoYBERC Proposes 500 kWp Rooftop Solar Net Metering Limit, 50% Tariff For Surplus Power In BiharEast Asia’s Offshore Wind Pipeline Reaches 82 GW as Japan, South Korea and Taiwan Face Development DelaysBattery Storage Costs to Undercut Gas Peaking Across 43 Markets, Wood Mackenzie ReportsHurricane Isaias Shuts In 71% of U.S. Gulf Oil ProductionAPSERC Schedules Hearing On Tariffs For 2.75 MW Solar Projects In Arunachal PradeshNordex Group Reports 29.5% Growth in Wind Turbine Orders in Q3 2026Philippines ERC Orders Meralco To Refund PhP2.64 Billion To Consumers Over Six MonthsAzerbaijan Inaugurates 100 MW Gobustan Solar Power Plant Equipped with Sungrow InvertersPrime Minister Of India Lays The Foundation Stone For 250 MW/500 MWh BESS Project In Tamil NaduPOWERCHINA Commissions 96.9 MW Wayra Solar Project in Peru Ahead of ScheduleIndian Railways Floats INR 8.73 Crore Tender for 4 MWh Battery Energy Storage SystemSECI Plans 4 MW Solar Project Along Elevated Delhi-Dehradun Highway Under Resco ModePremier Energies Secures INR 4,001 Crore in Orders in Q2 FY2026-27South Korea Launches KRW 1,000 Trillion K-GX Strategy, Targets 100 GW Renewable Energy by 2030Actis to Acquire 244 MW/1,141 MWh Battery Energy Storage Projects from DRI in Poland to Expand Renewable Energy PortfolioNTPC Green Energy Invites Bids for 3,125 kW Sineng Spare Inverter for Nokhra Solar StationRWE Completes Sale of 33.33% Stake in Five Estuaries Offshore Wind Farm to EDF in the UKAIKO Secures 773.5 MWp Solar Module Supply Agreement with Infinity Power for Three Utility-Scale Projects in South AfricaCanada’s New Oil Pipeline Challenged by Cold Lake First NationsHanhikivi-1 termination decision cases ‘to continue’NASA, DOE join forces for ‘new era’ of space technologiesMilestone for Urenco USA expansion projectBangladesh’s Rooppur 1 achieves criticalityIEA Members Support Oil Stock Release AccelerationIEA Members Support Oil Stock Release AccelerationACEN Secures €50 Million Loan To Expand Renewable Energy PortfolioClean Max To Acquire 100% Stake In Thailand’s Massmunch Company For THB 1.25 MillionESCOM Opens Tender For 20 MW/40 MWh Grid-Forming Battery Storage Project In MalawiOffshore Wind And Ocean Energy Offer Small Island Nations A Path To Energy Security – IRENASECI Floats Tender for 120 MW Solar Project with 60 MW/240 MWh Battery Storage in Bihar’s Aurangabad DistrictCrude Oil is Underpriced, Energy Aspects 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Verbund unveil 500MW green hydrogen project through new JVIndian Renewable Energy Stocks Trade Mixed as Sector Shares Rally Up to 6.85% on October 9, 2026How the industrial gas majors view the space opportunityRBI’s 25-basis-point Repo Rate Hike Draws Industry Response on Renewable Energy Financing and Infrastructure GrowthSummit faces fresh Iowa CO2 pipeline permitting setbackU.S. Gasoline Prices Set October Record Even as National Average SlipsKinder Morgan Restores U.S.-Mexico Gas Flows After Pipeline OutageReliance Drives India’s Venezuelan Oil Imports to Seven-Year HighJAIF estimates economic impact from nuclear power plantsLatest Terrestrial Energy topical report submission could lead to faster deploymentFramatome to continue maintaining Sizewell B plantHydraulic tests completed at Turkey’s Akkuyu 1Podcast: World Nuclear Symposium 2026Supertanker Rates Hit Record $1.4 Million a DayRussian Oil Flows to India Plunge to 310,000 BpdU.S. and Russia Discuss Reviving Russian Gas Sales to EuropeGevo delivers 10,000 CDR credits from North Dakota BECCS facilityGCE opens India medical gas centre amid healthcare infrastructure expansionFirst Deep-Gulf Tanker Attack in Nearly a Month Hits Vessel off QatarIndia’s Inflation Likely Hit 5.4% in September as Oil Costs BiteEquinor Finds New Gas at Norway’s 40-Year-Old Gullfaks Field
Tue. Oct 13th, 2026
Trending News: Malaysia Accelerates Energy Transition With Grid Investments, Solar Expansion, And Energy StorageOswal Pumps Announces INR 456 Crore Investment Plan for 1.2 GW TOPCon Solar Cell Manufacturing FacilityPower Grid Acquires Lakadia II Transmission Project For Gujarat’s 7,500 MW Renewable Energy ZoneCREA: India Curtailed Over 4% of Its Solar Output in July and AugustSaudi Arabia Insists Energy Supply Remains ResilientOil Jumps 2% as Saudi Attacks and Tanker Strikes Revive Hormuz FearsOn-site oxygen generation offers alternative supply models for African hospitalsQatarEnergy targets new LNG capacity for 2027BMI Predicts Brent Crude Will Remain Above $100 for MonthsOil Stuck Between Middle East Escalation and Russia-Ukraine Energy TrucePakistan Looks to Import Crude Oil from Libya to Diversify SupplyWhy medical oxygen plants must be built to lastUSA Oil, Gas Workforce Hits Post Pandemic September LowPOWERGRID Commissions Rajasthan Renewable Energy Transmission Project Under Phase III, Part C1Two More Oil Tankers Attacked Near Strait of HormuzSupertanker Rates Slip From Record HighsJapan Urges Asia to Build Up Oil Reserves as Middle East Risks MountIndia’s Battery Storage Capacity Set to Surge Nearly 50 Fold by 2032South Korean researchers claim more efficient method for making MOFsEnergy Market Mistaking Adaptation for NormalizationIndian Stock Market Falls as Sensex Drops 0.76%, Renewable Energy Stocks Show Mixed Performance (12 October 2026)US Executive Order on Chinese Grid Equipment Could Disrupt Battery Storage Supply Chains, Rystad Energy SaysNippon Sanso bolsters Australian healthcare business with Heeson acquisitionEgypt Strengthens ICARDA Cooperation On Solar Irrigation, Water Conservation And Agricultural ProductivityEnce launches €200m decarbonisation initiative at Spanish bioplantEskom’s Energy Availability Factor Hits Six-Year High of 68.2% as Unplanned Outages Fall 28% in South AfricaDominion Energy–NextEra Merger Agreement Raises Concerns Over Offshore Wind and Renewable Energy in VirginiaSri Lanka Launches Solar Power Initiative To Reduce Electricity Costs For Small BusinessesRussia, Germany Add Diesel Supply as Fuel Market Scrambles for BarrelsTrump’s Russia-Ukraine Energy Ceasefire May Only Cover Oil RefineriesUERC Revises Electricity Connection Rules, Introduces Standardized Charges for Loads up to 150 kW In UttarakhandMPTL Seeks MERC Transmission Licence For INR 252.68 Crore Nashik Substation Project In MaharashtraTata Power Renewables Executes 419 MW Projects and 131.2 MWh Storage in Q2 FY27, Up 130% YoYBERC Proposes 500 kWp Rooftop Solar Net Metering Limit, 50% Tariff For Surplus Power In BiharEast Asia’s Offshore Wind Pipeline Reaches 82 GW as Japan, South Korea and Taiwan Face Development DelaysBattery Storage Costs to Undercut Gas Peaking Across 43 Markets, Wood Mackenzie ReportsHurricane Isaias Shuts In 71% of U.S. Gulf Oil ProductionAPSERC Schedules Hearing On Tariffs For 2.75 MW Solar Projects In Arunachal PradeshNordex Group Reports 29.5% Growth in Wind Turbine Orders in Q3 2026Philippines ERC Orders Meralco To Refund PhP2.64 Billion To Consumers Over Six MonthsAzerbaijan Inaugurates 100 MW Gobustan Solar Power Plant Equipped with Sungrow InvertersPrime Minister Of India Lays The Foundation Stone For 250 MW/500 MWh BESS Project In Tamil NaduPOWERCHINA Commissions 96.9 MW Wayra Solar Project in Peru Ahead of ScheduleIndian Railways Floats INR 8.73 Crore Tender for 4 MWh Battery Energy Storage SystemSECI Plans 4 MW Solar Project Along Elevated Delhi-Dehradun Highway Under Resco ModePremier Energies Secures INR 4,001 Crore in Orders in Q2 FY2026-27South Korea Launches KRW 1,000 Trillion K-GX Strategy, Targets 100 GW Renewable Energy by 2030Actis to Acquire 244 MW/1,141 MWh Battery Energy Storage Projects from DRI in Poland to Expand Renewable Energy PortfolioNTPC Green Energy Invites Bids for 3,125 kW Sineng Spare Inverter for Nokhra Solar StationRWE Completes Sale of 33.33% Stake in Five Estuaries Offshore Wind Farm to EDF in the UKAIKO Secures 773.5 MWp Solar Module Supply Agreement with Infinity Power for Three Utility-Scale Projects in South AfricaCanada’s New Oil Pipeline Challenged by Cold Lake First NationsHanhikivi-1 termination decision cases ‘to continue’NASA, DOE join forces for ‘new era’ of space technologiesMilestone for Urenco USA expansion projectBangladesh’s Rooppur 1 achieves criticalityIEA Members Support Oil Stock Release AccelerationIEA Members Support Oil Stock Release AccelerationACEN Secures €50 Million Loan To Expand Renewable Energy PortfolioClean Max To Acquire 100% Stake In Thailand’s Massmunch Company For THB 1.25 MillionESCOM Opens Tender For 20 MW/40 MWh Grid-Forming Battery Storage Project In MalawiOffshore Wind And Ocean Energy Offer Small Island Nations A Path To Energy Security – IRENASECI Floats Tender for 120 MW Solar Project with 60 MW/240 MWh Battery Storage in Bihar’s Aurangabad DistrictCrude Oil is Underpriced, Energy Aspects SaysPetronas to Raise Malaysia Dividend 19% to $7.8 Billion for 2027129 Gulf Platforms Evacuated as Isaias Gets StrongerLessons from Covid: Achieving resilience in medical oxygen supplyAustralia Close to Finalizing Gas Reservation Plan for LNG ExportersHormuz Crisis Leaves EU Gas Storage Short Heading Into WinterAsian Refiners Ditch U.S. Oil as Supertanker Rates Hit $82 MillionSamruk-Energy And O-GREEN Partner To Develop 2 GW Solar And Wind Projects Across Kazakhstan And Global MarketsAfrica GreenCo And AXIAN Group Sign PPA For 200 MW Kudu Solar Project In ZambiaUS DOW awards conditional $1.5bn loan to bandgap semiconductor firm121 Gulf Platforms Evacuated as Isaias Gets StrongerRECPDCL Floats INR 49.09 Crore Tender For ICAR Rooftop Solar Projects Across Multiple StatesBrent Holds Above $100 as Hormuz Tanker Traffic Hits Two-Month LowChina Restarts Fuel ExportsVenture Global Loses LNG Arbitration to Portugal’s GalpMendell eyes helium production boost after Kansas well buyoutEWE, Verbund unveil 500MW green hydrogen project through new JVIndian Renewable Energy Stocks Trade Mixed as Sector Shares Rally Up to 6.85% on October 9, 2026How the industrial gas majors view the space opportunityRBI’s 25-basis-point Repo Rate Hike Draws Industry Response on Renewable Energy Financing and Infrastructure GrowthSummit faces fresh Iowa CO2 pipeline permitting setbackU.S. Gasoline Prices Set October Record Even as National Average SlipsKinder Morgan Restores U.S.-Mexico Gas Flows After Pipeline OutageReliance Drives India’s Venezuelan Oil Imports to Seven-Year HighJAIF estimates economic impact from nuclear power plantsLatest Terrestrial Energy topical report submission could lead to faster deploymentFramatome to continue maintaining Sizewell B plantHydraulic tests completed at Turkey’s Akkuyu 1Podcast: World Nuclear Symposium 2026Supertanker Rates Hit Record $1.4 Million a DayRussian Oil Flows to India Plunge to 310,000 BpdU.S. and Russia Discuss Reviving Russian Gas Sales to EuropeGevo delivers 10,000 CDR credits from North Dakota BECCS facilityGCE opens India medical gas centre amid healthcare infrastructure expansionFirst Deep-Gulf Tanker Attack in Nearly a Month Hits Vessel off QatarIndia’s Inflation Likely Hit 5.4% in September as Oil Costs BiteEquinor Finds New Gas at Norway’s 40-Year-Old Gullfaks Field
Tue. Oct 13th, 2026

US Oil and Gas Rig Count Holds Steady This Week, Baker Hughes Says

By

rig worker sunset 3 1200x810

Aug 15 (Reuters) – U.S. energy firms this week held the number of oil and natural gas rigs operating steady, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday.

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The oil and gas rig count, an early indicator of future output, remained at 539 in the week to August 15.

Baker Hughes said oil rigs rose by one to 412 this week, while gas rigs fell by one to 122.

In Texas, the biggest oil and gas-producing state, the rig count fell by one to 242, the lowest since September 2021.

In Wyoming, the rig count fell by one to 13, the lowest since August 2024.

In the Permian basin in West Texas and eastern New Mexico, the biggest U.S. oil-producing shale formation, the rig count fell by one to 255, the lowest since September 2021.

The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and gas prices over the past couple of years prompted energy firms to focus more on boosting shareholder returns and paying down debt rather than increasing output.

The independent exploration and production (E&P) companies tracked by U.S. financial services firm TD Cowen said they planned to cut capital expenditures by around 4% in 2025 from levels seen in 2024.

That compares with roughly flat year-over-year spending in 2024, increases of 27% in 2023, 40% in 2022, and 4% in 2021.

Even though analysts forecast U.S. spot crude prices would decline for a third year in a row in 2025, the U.S. Energy Information Administration (EIA) projected crude output would rise from a record 13.2 million barrels per day (bpd) in 2024 to around 13.4 million bpd in 2025.

On the gas side, the EIA projected a 65% increase in spot gas prices in 2025 would prompt producers to boost drilling activity this year after a 14% price drop in 2024 caused several energy firms to cut output for the first time since the COVID-19 pandemic reduced demand for the fuel in 2020.

The EIA projected gas output would rise to 106.4 billion cubic feet per day (bcfd) in 2025, up from 103.2 bcfd in 2024 and a record 103.6 bcfd in 2023.

Reporting by Scott DiSavino; Editing by Marguerita Choy

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