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Oil Rigs Down, Gas Rigs Up – Weekly Drilling Snapshot – Baker Hughes

Oil Gas Leads

Capex trends : E&Ps to cut spending 3% in 2025 vs. 2024 2024: Flat spending 2023: +27%, 2022: +40%, 2021: +4% Crude Output Forecast (EIA) : 2024: 13.2 Capex trends : E&Ps to cut spending 3% in 2025 vs. 2024 2024: Flat spending 2023: +27%, 2022: +40%, 2021: +4% Crude Output Forecast (EIA) : 2024: 13.2

Gas 52
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Rig Activity Down, Production Up – May Rig Count Recap – Baker Hughes

Oil Gas Leads

May 19, 2025 As the U.S. oil and gas sector continues to navigate price volatility and capital discipline, the latest Baker Hughes rig count highlights a steady decline in drilling activity even as production forecasts remain bullish. Operators are leaning on efficiency gains and strategic capital deployment to sustain output with fewer rigs.

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MADE IN AMERICA: U.S.-Built Offshore Wind Substation and Support Vessels Start to Set Sail for Federal Waters

The Energy Law

The substation’s maiden voyage marks a major milestone in the development of Jones Act compliant offshore wind vessels necessary to bring the large amount of federal utility-scale projects in the pipeline to fruition. On May 25, 2023, the Nation’s first U.S.-built the largest U.S. the largest U.S. 1331 et seq. back in 2021. To date, the U.S.

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U.S. Fifth Circuit Clarifies “Substantial Nexus” Test for LHWCA

The Energy Law

On September 14, 2014, James Mays, a valve technician and an employee of Furmanite American (“Furmanite”) died while servicing valves on a platform that was part of Chevron’s gas gathering system and located in Louisiana’s territorial waters. Chevron Pipe Line Co. Chevron Pipe Line Co. In Pacific Operators Offshore, LLP v. 207, 222 (2012).