Global oil rig count declines in November: Baker Hughes

12/12/2025 Argaam

The number of oil drilling rigs worldwide fell by 95 units year-on-year (YoY) in November to 1,812. However, oil drillers increased by 12 on a monthly basis, data from the oilfield services company Baker Hughes showed.

 

The Middle East rig count rose by eight units to 513 in November compared with the previous month, but dropped by 22 YoY.

 

Meanwhile, the number of oil and gas rigs worldwide – excluding the US and Canada – increased by 14 units to 1,073 in November, but decreased by 45 YoY.

 

Change in Oil and Gas Rig Count

Region

A Year Ago

Previous Month

Current Month

MoM Change

YoY

Change

Middle East

535

505

513

8

(22)

Global (excl. North America)

1118

1059

1073

14

(45)
 

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