Thursday, October 16, 2025
U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count increased by 2 this week, at 457

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of  2 over last week, resulting in a total count of 457 rigs. Canada had a decrease of 4 over last week, resulting in a total Canadian count of 62 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Eagle Ford,

After a week of setbacks for Big Oil, France’s Total wins support for its climate strategy- oil and gas 360

After a week of setbacks for Big Oil, France’s Total wins support for its climate strategy

CNBC LONDON — Investors in French oil giant Total on Friday backed the company’s strategy at its annual shareholder meeting, including plans to tackle the climate emergency, according to chairman and CEO Patrick Pouyanne. The Paris-based energy major had sought support from investors with a motion on its environmental goals shortly after some of its peers in the oil and gas industry suffered

Oil inches higher as upbeat demand outlook counters supply concerns- oil and gas 360

Oil inches higher as upbeat demand outlook counters supply concerns

Reuters LONDON – Oil prices inched higher on Friday, with Brent holding near $70 a barrel as strong U.S. economic data and expectations of a rebound in global demand outweighed concerns about more supply from Iran once sanctions are lifted. Brent was up 24 cents, or 0.4%, to $69.70 a barrel by 1125 GMT, while U.S. West Texas Intermediate crude

Top Exxon investors State Street, Vanguard backed activist nominees- oil and gas 360

Top Exxon investors State Street, Vanguard backed activist nominees

Reuters Asset manager State Street Corp voted for two of the four candidates put forward by activist hedge fund Engine No. 1 for Exxon Mobil’s board, a spokesman for the Boston firm said late on Thursday. State Street was Exxon’s third-largest investor according to its proxy statement. Late on Wednesday Exxon’s largest investor Vanguard Group said it also backed two