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The latest Baker Hughes rig count highlights diverging trends across North America and international markets: Global Rig Count Update: Stability Abroad, Declines at Home United States:  538 rigs (Week: -1 | Year: -47) Canada:  180 rigs (Week: -3 | Year: -39) International:  914 rigs (Month: +1 | Year: -20) Key Observations 🔽 North America Slows Down:  Both the U.S. and Canada continue to post week-over-week declines, reinforcing the broader slowdown in drilling activity that has persisted through 2025. Lower capital spending and cautious operator strategies remain major drivers. 🌍 International Resilience:  In contrast, international markets show stability, with a slight month-over-month increase. This reflects ongoing investments in offshore projects, LNG developments, and exploration in regions less impacted by short-term market fluctuations. ⚖️ Market Balancing Act:  The contrast highlights the complexity of global energy strategies—while North America scales back, other regions push forward to secure future production and meet rising demand. Partnering for What’s Next At Aries One , we know the energy sector never stands still. Our expertise in Project Management , Technical Advisory , and Workforce Solutions  ensures that our partners can adapt to market cycles and keep projects on track—whether scaling up or optimizing operations. 🔗 Explore our Services:   www.aries-one.com

As we pass the midpoint of 2025, the Baker Hughes rig count update reveals divergent trends across key regions: Global Rig Activity Sees Mixed Movements Amid Mid-Year Energy Landscape United States:  540 rigs (Week: -2 | Year: -46) Canada:  177 rigs (Week: -5 | Year: -42) International:  914 rigs (Month: +1 | Year: -20) While North American drilling continues its downward trend, international rig activity shows a modest but meaningful uptick—suggesting a regional rebalancing in response to economic, geopolitical, and operational factors. Key Drivers of Current Trends 🔽 North America Cooling Down: Ongoing cost control, reduced capital investment, and market uncertainty continue to pressure U.S. and Canadian rig activity. The annual decline underscores a broader hesitancy among operators. 🌍 International Stability and Recovery: The slight rise in international rig activity may indicate project restarts or new developments in areas where energy demand and government support remain strong—particularly in the Middle East, Latin America, and parts of Asia. 📊 Energy Market Dynamics: From fluctuating commodity prices to longer-term energy transition strategies, the global landscape remains highly dynamic. Operators are balancing short-term margins with long-term investments. Supporting Energy Operations in Every Cycle At Aries One , we understand the shifting nature of energy markets. Whether you’re scaling up, optimizing operations, or managing complex transitions, our integrated services in Technical Advisory , Project Management , and Workforce Solutions  are tailored to your goals. 🔗 Explore our Services:   www.aries-one.com

Last week's Rig Count  from Baker Hughes paints a nuanced picture of today’s upstream landscape. While international drilling accelerates, U.S. activity slows further — and Canada bucks the trend with a seasonal surge. Here’s what the numbers show: 🇺🇸 United States : 542 rigs ( Week: -2 | Year: -47 ) 🇨🇦 Canada : 182 rigs ( Week: +10 | Year: -29 ) 🌍 International : 913 rigs ( Month: +27 | Year: -44 )📊 Source : Baker Hughes Rig Count Rig Count Reflects Global Recalibration With Canada posting a sharp increase  and international rig counts climbing , some regions appear to be ramping up activity — while U.S. operators maintain a disciplined retreat . U.S.: Controlled Decline Operators continue pulling back to protect capital amid pricing fluctuations, regulatory pressure, and long-term strategy shifts toward efficiency. Canada: Summer Uplift Canada’s 10-rig jump reflects seasonal execution, supported by short-term demand and better field conditions. International: Investment Expansion Increased rig activity outside North America signals broader exploration and production investment, particularly in MENA, Latin America, and parts of Asia where energy security is top of mind. Why the Numbers Matter The current rig count isn’t just about volume — it signals market psychology: Capital Discipline Over Speed : Operators are drilling smarter, not faster. Energy Transition Influence : Investment is tilting toward diversified energy portfolios. Adaptability is Everything : Companies must stay nimble — expanding where it counts, and optimizing where it doesn’t. Aries One Delivers Stability Aries One Energy Consultants  is built to support every pivot. We help upstream teams: Scale resources without overextending Deploy expert consulting on strategy and operations Navigate international execution challenges As the market shifts, our job stays the same: keep your projects moving with clarity, capability, and confidence. 🔗 Explore Our Services : www.aries-one.com

As Summer 2025 moves into full swing, the global oil and gas sector is seeing a steady decline in active drilling rigs. According to the latest Baker Hughes rig count update: United States:  547 rigs (Week: -7 | Year: -34) Canada:  140 rigs (Week: +1 | Year: -36) International:  886 rigs (Month: -5 | Year: -67) Mid-Summer Rig Count Trends Signal Slower Drilling Momentum This continued downward trend raises important questions: What’s driving the slowdown, and what does it mean for the remainder of 2025? Possible Contributing Factors 📉 Commodity Price Volatility  – With oil prices experiencing fluctuations, some operators may be pulling back on new drilling until markets stabilize. ⚖️ Capital Discipline  – Many energy companies remain cautious with capital spending, prioritizing returns and shareholder value over rapid production growth. 🛢️ Geopolitical Uncertainty  – Ongoing global conflicts, shifting energy policies, and regulatory challenges may also be influencing international drilling programs. 🌱 Energy Transition Pressure  – Investment interest is growing in lower-carbon and renewable energy projects, slightly tempering upstream activity, especially outside North America. What’s Next for the Sector? Despite the rig count dip, the long-term outlook remains robust. With energy demand still strong and new technologies improving exploration efficiency, the sector continues to adapt. At Aries One , we help energy companies navigate change by offering reliable Technical Advisory , Project Management , and Workforce Solutions . Whether scaling up or optimizing in a downturn, we ensure your projects stay on track. 🔗 Explore our Services:   www.aries-one.com

Cenovus Energy’s West White Rose project has reached a pivotal moment with the arrival of its 23,000-tonne topsides deck in Newfoundland. Transported over 5,500 kilometers from Texas, the massive structure will be installed on a 210,000-tonne concrete gravity base at the Grand Banks offshore site. Massive 23,000-Tonne Deck Arrives in Canada for West White Rose Project This major offshore engineering feat is part of a larger development that targets approximately 115 million barrels of oil. Once operational, the project is expected to produce up to 80,000 barrels per day at peak capacity, with first oil anticipated in 2026. The deck—containing the essential infrastructure for production, processing, and operations—will significantly expand the capacity of the White Rose field, supporting continued energy security and economic activity in Eastern Canada. It’s also a testament to the scale and complexity of modern offshore oil projects, demanding high levels of technical precision, logistics coordination, and cross-border collaboration. At Aries One, we recognize the importance of strategic planning and expert execution in projects of this magnitude. Whether it’s through technical advisory, project management, or staffing support, we help energy operators navigate key phases from development to production. 🔗 Explore our Services:   www.aries-one.com

BP Seeks Partner for High-Pressure Kaskida Project in US Gulf BP is actively pursuing a minority partner for its 20,000-psi Kaskida development — a deepwater project located in the US Gulf of Mexico’s Paleogene play. This marks BP’s first greenfield development in the Paleogene, signaling a strategic push into ultra-high-pressure frontier resources. The Kaskida project is expected to deliver 80,000 barrels per day  from six subsea wells , supported by a dedicated floating production unit . With first oil targeted for 2029 , BP’s search for a stakeholder reflects the capital intensity and technical complexity of high-pressure deepwater assets. As operators look to de-risk projects of this scale, the role of specialized technical advisory  becomes critical — from well design and facilities engineering to procurement, regulatory compliance, and deepwater workforce support. Aries One  delivers tailored solutions across every stage of complex energy developments. Our expertise helps clients execute deepwater strategies safely, efficiently, and with precision. 🔍 Explore our Services:   www.aries-one.com

ExxonMobil has unveiled two significant oil discoveries offshore Newfoundland & Labrador , reinforcing the region’s role as a key player in Canada’s energy landscape. The company reported the addition of 75 million barrels  of recoverable oil— 50 million barrels  at the Hebron platform  and 25 million barrels  at Hibernia . ExxonMobil Announces Two New Oil Discoveries Offshore Canada These discoveries underscore ExxonMobil’s commitment to maximizing the value of existing offshore assets through life extension strategies  and advanced drilling technology . As global energy demand continues to evolve, developments like these reflect the importance of strategic investment in proven basins. For offshore operators and project developers, this announcement signals continued confidence in Canada’s offshore potential and highlights the need for technical expertise  in drilling, project management, and asset optimization. Aries One  supports upstream projects with Consulting ,   Project Management ,  and Staffing . Our expertise helps energy companies navigate complex offshore environments while maximizing operational performance. Explore our Services:   www.aries-one.com

On this Memorial Day, Aries One  joins the nation in honoring the brave men and women who gave their lives in service to our country. Their sacrifice, courage, and unwavering dedication  are the foundation of the freedoms we hold dear. Honoring Memorial Day: A Tribute to Courage and Sacrifice As we pause to remember those who served, we reflect not only on their heroism but also on the values of commitment, integrity, and resilience —principles that guide our work every day in supporting the energy sector and those who drive it forward. We extend our deepest gratitude to all who have served, and to the families who carry their legacy. Explore our Services:   www.aries-one.com

At the World Gas Conference in Beijing, energy leaders delivered a clear message: natural gas must remain central  to the global energy strategy if the world is to achieve both emissions targets and energy security. Executives from major players like ConocoPhillips cautioned against unrealistic transition timelines  and chronic underinvestment in gas infrastructure , which could jeopardize both supply stability and decarbonization goals. Natural gas and LNG continue to play a crucial role in addressing rising global energy demand —particularly in regions transitioning from coal or scaling renewable capacity. Speakers reinforced that a balanced, pragmatic energy mix  is essential for reducing emissions without risking power reliability or economic disruption. Gas Leaders Urge Realism in Energy Transition at World Gas Conference As the conversation around energy evolution intensifies, Aries One  remains committed to supporting sustainable energy development. Our Consulting ,   Project Management ,  and Staffin  are designed to help clients deliver on both operational efficiency and long-term energy goals. 🔗 Explore our Services:   www.aries-one.com

US Rig Count:  576 (Week: -2 | Year: -28)  Canada Rig Count:  121 (Week: +7 | Year: +7)  International Rig Count:  891 (Month: -8 | Year: -87) Weekly Rig Count Update – Mixed Signals Across Regions This week’s Baker Hughes rig count shows mixed activity across global markets. The U.S. continues its downward trend, shedding 2 rigs to settle at 576—28 fewer than this time last year. In contrast, Canada added 7 rigs this week, bringing its total to 121, a year-over-year increase of 7. International activity remains steady for the moment, though the monthly total is down by 8 rigs, with a significant 87-rig drop compared to last year. These fluctuations highlight an industry still adjusting to global demand pressures, commodity pricing volatility, and regional investment shifts. While North America sees diverging trajectories, international rig activity remains subdued, suggesting continued caution in long-cycle project commitments. At Aries One , we help energy companies stay resilient. At Aries One , we help energy companies stay resilient. Our Consulting ,   Project Management ,  and Staffing  are built to support operational efficiency and strategic execution, no matter the market conditions. are built to support operational efficiency and strategic execution, no matter the market conditions. 🔗 Explore our Services:   www.aries-one.com

US Rig Count:  578 (Week: -6 | Year: -25) Canada Rig Count:  114 (Week: -6 | Year: -2) International Rig Count:  891 (Month: -8 | Year: -87) Weekly Rig Count The latest Baker Hughes report reveals another week of decreased drilling activity across the board. The U.S. rig count dropped by 6, bringing the total to 578, down 25 from this time last year. Canada mirrored that trend with a 6-rig decrease, totaling 114 rigs and falling 2 below last year’s count. International numbers also dipped, with the monthly count down 8 rigs to 891—an 87-rig decline compared to a year ago. These figures reflect a cautious global energy environment. Operators continue to scale back, delay, or re-evaluate projects in response to fluctuating oil prices, cost pressures, and regulatory developments. At Aries One , we understand the challenges of navigating a volatile energy landscape. That’s why our Consulting , Project Management ,  and Staffing  are designed to provide stability, efficiency, and strategic clarity—no matter how the rig count shifts. Explore our Services:   www.aries-one.com

US Rig Count: 583 (Week: -7 | Year: -34)  Canada Rig Count: 138 (Week: -15 | Year: -3)  International Rig Count: 899 (Month: -6 | Year: -72) This week’s rig count reflects a notable decline in drilling activity across the board. The United States saw a drop of 7 rigs, bringing the total to 583—down 34 rigs from this time last year. Canada’s rig count dropped by 15, now standing at 138, which is also 3 rigs fewer than the same time last year. International rig activity also trended downward, falling by 6 rigs to 899, marking a significant 72-rig decline compared to the previous year. These shifts may indicate cautious sentiment across the energy sector as companies balance capital discipline with fluctuating commodity prices. While the broader market reassesses drilling strategies, operators remain focused on high-efficiency development and risk mitigation in project planning. At Aries One, we understand that in times of uncertainty, precise and informed decision-making becomes even more crucial. Whether you're navigating project planning, staffing needs, or technical advisory, our team supports your success with customized solutions across upstream operations. Explore our Services:   www.aries-one.com