Alberta eyes oil slump, but retains optimism over U.S. peers

Sector players are relatively upbeat despite current market turmoil caused by U.S. President Donald Trump’s constantly fluctuating trade war

History Today: The deadly Deepwater Horizon blast that led to a massive oil spill

On April 20, 2010, the Deepwater Horizon oil rig, drilling at the Macondo Prospect in the Gulf of Mexico, exploded and later sank. It would go on to become the largest marine oil spill in history. Also, on this day in 1999, a shooting at Columbine High School in Colorado left 14 people dead, including the two teenage gunmen. It remains one of the deadliest school shootings in the United States

The number of active oil and natural gas drilling rigs in the United States rose by two this week and 267, or 54%, in the past year, an increase that comes even as oil demand — and, by extension, gas prices — has abated slightly since last month.

U.S. energy firms cut the most oil and natural gas rigs in a week since February, energy services firm Baker Hughes Co said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by seven to 748 in the week to May 5.

The oil and gas rig count, an early indicator of future output, fell by 5 to 682 in the week to June 23, the lowest since April 2022. Baker Hughes said that puts the total rig count down 71 rigs, or 9%, over this time last year.

(Reuters) -U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday.