Thursday, January 8, 2026
Exclusive: Failed Exxon talks left Petrobras stranded for auctions - sources - oil and gas 360

Exclusive: Failed Exxon talks left Petrobras stranded for auctions – sources

Reuters As the weeks ticked down to Brazil’s biggest-ever oil auction, state-run Petrobras held increasingly frantic talks to find potential partners, with the heaviest blow coming when major Exxon Mobil Corp (XOM.N) pulled out days before, according to six people familiar with the matter. While many firms were far from ready to take on enormous signing fees and investments, Exxon

U.S. Rig Count down 5 to 817 rigs - oil and gas 360

U.S. Rig Count down 5 to 817 rigs

This week’s Baker Hughes rig count shows that U.S. numbers declined by 5, resulting in the total count falling to 817 rigs.  Canada decreased over last week as well by 2 rigs, resulting in a total Canadian count of 140 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only one region saw an increase; the Cana Woodford basin