02 Jul Oilandgas Energy News and analysis | 02/07/26, Worldwide Rig Count for June was 1,822
(Oilandgaspress) Ukrainian Defense Forces struck the Lukoil-Nizhegorodnefteorgsintez oil refinery in Kstovo, Russia’s Nizhny Novgorod region, overnight on July 2, targeting one of the country’s largest refining facilities, Ukraine’s General Staff confirmed. Preliminary information indicates that the attack damaged the AVT-6 primary crude oil processing unit. The full extent of the damage is still being assessed. Related News
Ukraine continues to attack Russia’s energy infrastructure, and its latest attacks have caused a “certain fuel shortage” in the country. This was confirmed by Vladimir Putin himself, who, for the first time, acknowledged that the Ukrainian side is causing oil shortages in Russia. According to Euronews, the drone attacks in recent days on various oil refineries in southern Russia have once again dealt a heavy blow to a country where there is already talk of oil shortages. Related News
Baker Hughes Rig Count: International +27 to 1,073, U.S. +10 to 573 Canada +11 to 197
U.S. Rig Count is up 10 from last week to 573 with oil rigs up 7 to 440, gas rigs up 3 to 125 and miscellaneous rigs unchanged at 8.
Canada Rig Count is up 11 from last week to 197 with oil rigs up 8 to 137, gas rigs up 2 to 58 and miscellaneous rigs up 1 to 2.
International Rig Count is up 27 from last month to 1,073 with land rigs up 18 to 833, offshore up 9 to 240.
The Worldwide Rig Count for June was 1,822, up 88 from the 1,734 counted in May 2026, and up 60 from the 1,762 counted in June 2025
| Region | Period | Rig Count | Change |
| U.S.A | 26 June 2026 | 573 | +10 |
| Canada | 26 June 2026 | 197 | +11 |
| International | June 2026 | 1,073 | +27 |
| Baker Hughes |
The Baker Hughes International rig count is a monthly census of “active” drilling rigs exploring for or developing oil or natural gas outside North America (US & Canada).
The Baker Hughes rig count defines active rigs as rigs that are actively conducting drilling operations on a given well For a rig to be active the below conditions must be met:
• The rig must be drilling (turning to the right)
• Drilling needs to have occurred for a majority of the week (4 days out of 7)
• The active rig must be working on a well which is a significant consumer of oilfield products and services
| Region | Period | Rig Count | Change |
| Africa, Land/Offshore | June 2026 | 120 | +14 |
| Middle East, Land/Offshore | June 2026 | 488 | +4 |
| Asia-Pacific, Land/Offshore | June 2026 | 206 | +7 |
| Latin America, Land/Offshore | June 2026 | 132 | -5 |
| Europe Land/Offshore | June 2026 | 127 | +7 |
| Baker Hughes |
Renewable energy sources across the United Kingdom generated a record 53.1 per cent of the country’s electricity during the first quarter of 2026, an increase of 7.4 per cent, driven by increased wind energy generation. New figures published by the UK government’s department for energy security and net zero this week revealed that record wind generation in the first quarter drove electricity generation from renewables to new highs, helping to push generation from fossil fuels fall to a share of only 32.8 per cent. Generation from both onshore and offshore wind was up 30 per cent for the quarter, compared to the same quarter in 2025, thanks to increased capacity and higher wind speeds compared to the record low wind speeds recorded in early 2025. Related News
UK Renewable electricity generation hit a new record of 43.7 TWh, an increase of 18 per cent on last year, and a share of 53.1 per cent of generation in the first quarter of 2026. Wind generation increased by 30 per cent to a record 29.3 TWh on the back of greater installed capacity and wind speeds increasing on last year’s near record low. Wind generation provided 35.6 per cent of the total generation, outpacing the 32.3 per cent provided by gas. Solar and bioenergy generation shares were broadly unchanged on the last year.
At 63.8 per cent, low carbon generation was up 6.5 percentage points on the same period last year, with the increase in wind offsetting a 7 per cent drop in nuclear generation. Fossil fuel generation was down 16 per cent and at a share of 32.8 per cent.
UK energy production fell 4 per cent on last year, due to continued falls in oil and gas output reflecting the maturity of the basin. Output from nuclear and bioenergy also decreased but output from wind, solar and hydro increased 25 per cent to a new record high.
Final consumption was broadly stable on last year. Industrial consumption was down 4 per cent, and consumption by households up 2 per cent despite warmer weather than last year. Transport demand increased 3 per cent with increases in road and aviation fuel. Final consumption remains below prepandemic averages, down 7 per cent on the first quarter of 2019 with lower consumption of petroleum, gas and electricity.
In the first quarter of 2026 total primary energy production was 24.3 million tonnes of oil equivalent, 4.0
per cent lower than in the first quarter of 2025.Oil production fell by 7.2 per cent and remains 45 per cent
lower than pre-pandemic (2019) levels, whilst gas production fell by 8.7 per cent and remains 27 per cent
lower than pre-pandemic levels; both falls are a continuation of the long-term trend of decline in production as the North Sea basin matures. Bioenergy and waste output fell by 2.9 per cent. Nuclear output fell by 7.2 percent due to outages across the UK’s nuclear fleet. Wind, solar & hydro output rose by 25 per cent due to increased capacity and more favourable weather conditions particularly for wind generation. Coal output in the UK is now de minimis due to the last large surface mine Ffos-y-Fran closing at the end of November 2023.Related News
Renewable energy sources covered a record 58% of Germany’s electricity consumption in the first half of the year, driven by stronger wind power generation, according to preliminary estimates.
The share marked the highest level ever recorded for a first half, the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) and the German Association of Energy and Water Industries (BDEW) said in a report. It was nearly three percentage points higher than a year earlier and exceeded the 55.8% recorded for the whole of 2025.
The increase was mainly due to higher electricity generation from onshore wind farms, which rose 7%, and offshore wind, which climbed 28.3% from the same period a year earlier, the organizations said.
Solar power generation increased 3.7%, while electricity output from hydropower fell 7.7% due to lower rainfall. Electricity generation from biomass edged up 0.6%. Related News
Around 400 students and educators took part in the Great Science Share for Schools initiative hosted by The University of Manchester on June 16th, as part of Aramco Europe’s partnership focused on improving science enquiry in education.
The award-winning campaign is designed to improve the quality of science teaching for students aged 5 to 14 by equipping teachers with tools and resources that bring scientific enquiry into everyday classroom learning. It encourages students to ask questions, investigate ideas, and share scientific thinking with their peers.
The annual share day in June acts as a focal point for activity, with schools across the UK and internationally invited to take part. The event is a great opportunity for Aramco to observe the initiative first-hand and engage directly with educators and students as they develop their own scientific questions and explore ways to investigate them, helping to build confidence, curiosity, and problem-solving skills from an early age.
Through classroom-based activities, demonstrations, and collaborative learning, teachers supported students in exploring real-world scientific concepts in an accessible and engaging way. The initiative places strong emphasis on inclusion, ensuring learners from a diverse range of backgrounds can participate in STEM-focused education. The Great Science Share for Schools campaign has now reached over a million students across 58 countries, reflecting its growing reach and impact in supporting science education worldwide. Related News
A Russian military vessel recently intercepted environmental activists during a routine monitoring operation in the Baltic Sea. According to United24Media the navy ship aggressively ordered the group to back away from a sanctioned oil tanker moving through the area. The confrontation occurred directly within Germany’s exclusive economic zone, according to Greenpeace. The monitoring team included environmental activists, members of the German Bundestag, European Parliament representatives, and a group of journalists. The team was actively documenting the passage of the Kira K, a controversial tanker transporting crude oil. Maik Marahrens, the head of investigations for Greenpeace Nordic, detailed the exact moment the military vessel arrived. Related News
Researchers at Dundee and Warwick universities,UK, say that for the first time they have identified the key role oxygen plays in storing and releasing a battery’s energy. which could lead to the development of batteries for electronics and vehicles that charge faster, last longer, and are safer to use. The team said advanced computer modelling and laboratory experiments have shown that oxygen plays a much more active role in the charging and discharging process. The study compared two of the main lithium-ion battery cathodes used today – phosphates and layered oxides.
Together these forms of batteries are used for a host of applications, including electric vehicles and portable electronics such as mobile phones and laptops.
The study reportedly found that while phosphates showed little oxygen participation, the layered oxides showed “significant” electron extraction from oxygen. Related News
Enverus announced the acquisition of four exchange platforms from PDS Energy Information: the Frac Interference Exchange, Well Data Exchange, Production Data Exchange and AquaTrade.
Enverus already operates two of the energy industry’s largest commercial exchange networks. EnergyLink and OpenInvoice collectively support more than 500 operators, 40,000 suppliers and 250,000 receivers, representing more than $500 billion in annual transaction activity across revenue, joint interest billing and procurement. With this transaction, Enverus expands from commercial workflows into the operational data flows that drive completions, well data, production and water logistics.
The acquired platforms are operating infrastructure for the U.S. upstream industry. An estimated 80% of U.S. completions, production and drilling data is exchanged through the PDS network, connecting nearly 800 participants, including 95% of Fortune 500 energy companies. The Frac Interference Exchange alone has more than 400 operators coordinating completions activity across major U.S. basins. . Related News
Enverus Intelligence® Research (EIR), a subsidiary of Enverus has released its latest electric vehicle (EV) forecast that includes findings that recent federal policy changes and slowing consumer adoption have significantly delayed the pace of adoption across the United States.
The report revises EIR’s forecast for U.S. EV fleet penetration in 2035 to 8.1%, down from a prior estimate of 20%, while lowering projected 2030 penetration to 4.5% from 12%. The revision pushes the anticipated displacement of internal combustion engine (ICE) vehicles back by approximately three years, with the market transition now expected to accelerate between 2028 and 2033. The report attributes much of the slowdown to the expiration of the federal $7,500 new EV tax credit and $4,000 used EV tax credit in September 2025, which disproportionately affected mass-market consumers and widened adoption differences between states with supportive EV policies and those without.Related News
Continental Resources remained the largest private oil and gas producer in the United States, according to Enverus’ latest annual ranking of the nation’s top 100 private E&P operators. The company topped the list with average production of approximately 707,000 boed, followed by Mewbourne Oil at 575,000 boed and Aethon Energy at 443,000 boed. Ascent Resources and Hilcorp rounded out the top five, with no changes among the leading operators from the previous year’s rankings.
The annual report tracks production volumes, oil and natural gas output, well counts, primary operating regions, rig activity and year-over-year ranking changes across the private upstream sector. One of the biggest movers in this year’s ranking was Flywheel Energy, which climbed to No. 6 from No. 21 a year earlier.
According to Enverus, the rankings reflect continued activity across major U.S. producing regions, including the Permian Basin, Rockies, Gulf Coast, Mid-Continent and Eastern U.S. Related News
Norway’s longest aluminium pedestrian and cycle bridge has opened in Bergen. Marinebroen, which spans around 60 metres and is built using recycled aluminium supplied by Hydro, demonstrates how circular materials can be applied in modern infrastructure. The bridge opened on July 2, 2026, connecting Marineholmen with the areas around Puddefjorden in central Bergen.
Developed by GC Rieber Eiendom, the bridge was designed, built and installed by Leirvik in collaboration with Multiconsult. Hydro supplied the extruded aluminium profiles, while Speira supplied the aluminium sheets. Consto carried out the associated civil works, and the City of Bergen will be responsible for the operation and maintenance of the bridge. The aluminium supplied by Hydro in the bridge is based on recycled metal including Hydro CIRCAL, aluminium containing a minimum of 75 percent post-consumer scrap, with a documented low-carbon footprint of around 1.9 kg CO₂ per kg aluminium. This is significantly lower than the global average for aluminium production of 14.8 kg CO₂ per kg aluminium.. Related News
| Oil and Gas Blends | Units | Oil Price | Notes |
| Crude Oil (WTI) Oilprice | US$/bbl | $67.48 | Down |
| Crude Oil (Brent) | US$/bbl | $70.56 | Down |
| Bonny Light 01/07/26 CBN | US$/bbl | $71.63 | Down |
| Dubai | US$/bbl | $79.52 | — |
| Natural Gas | US$/MMBtu | $3.17 | Down |
| Murban | US$/bbl | $64.40 | Down |
| OPEC basket 01/07/26 OPEC | US$/bbl | $71.73 | Down |
| At press time July 02, 2026 |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Submit your Releases or contact us now!, victor@oilandgaspress.com
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