2025 – Oil & Gas 360

CanCambria Energy provides operational update and submits technical operating plan for Kiskunhalas exploration concession

December 12, 2025

(Oil & Gas 360) – Vancouver, BC – December 11, 2025 – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (“CanCambria” or the “Company”) is pleased to provide an operational update within the BA-IX Mining License area including preparations for drilling of the Kiskunhalas tight-gas field, via the CC-Ba-E-2 well location. The well is permitted, approved and anticipated to be drilled

API praises House approval of bipartisan permitting reform bills

December 12, 2025

(World Oil) – WASHINGTON — The American Petroleum Institute (API) is welcoming the U.S. House of Representatives’ passage of two bipartisan bills aimed at overhauling the federal permitting process for energy and infrastructure projects. The legislation includes the Improving Interagency Coordination for Pipeline Reviews Act (H.R. 3668) and the Promoting Efficient Review for Modern Infrastructure Today (PERMIT) Act (H.R. 3898). Both measures are designed to

Historic bill opens India’s $214 billion nuclear sector to private firms

December 12, 2025

(Oil Price) – India’s government on Friday approved the landmark Atomic Energy Bill, which would allow private companies to invest in its nuclear energy industry for the first time, as the country looks to boost its nuclear power capacity tenfold within two decades. The so-called SHANTI (Sustainable Harnessing of Advancement of Nuclear Energy for Transforming India) bill passed the federal government approval on

Oil gains on Venezuelan supply concerns, but poised for weekly loss

December 12, 2025

(BOE Report) – Oil prices rose on Friday supported by concerns of Venezuelan supply disruptions, though they remained on track for a weekly drop amid cautious market sentiment and optimism over the prospects for a Russia-Ukraine peace deal. Brent crude futures rose 43 cents, or 0.70%, to $61.71 a barrel by 0352 GMT, and U.S. West Texas Intermediate crude was

Supertanker Skipper seized by US near Venezuela is heading to Houston, sources say

December 12, 2025

(Investing) – HOUSTON – The oil supertanker Skipper that was seized by the U.S. near Venezuela this week as part of an increased pressure strategy against President Nicolas Maduro, is heading to Houston, two sources said on Friday. The Very Large Crude Carrier, which is carrying about 1.85 million barrels of Venezuela’s Merey heavy crude according to satellite images analyzed by

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

U.S. rig count decreased by 1 is at 548

December 12, 2025

This week’s Baker Hughes Rig Count shows that the U.S. decreased by 1 last week, resulting in a total count of 548 rigs. Canada had an increase of 1 over last week, resulting in a total Canadian count of 192 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Ardmore Woodford, the Eagle Ford, the Granite Wash,

Is oil about to snap higher? The market may be too bearish

December 11, 2025

(Oil Price) – Rising oil supply amid tepid demand growth has prompted forecasters and analysts to predict a large surplus on the market going into 2026. All experts and investment banks estimate that the market is accumulating inventories and will continue to do so in early 2026, when oil demand is typically at its weakest in any year. The forecasts of

OPEC data indicate close oil supply-demand balance in 2026, no glut

December 11, 2025

(Investing) – LONDON – World oil supply will match demand closely in 2026, OPEC data published on Thursday indicated, an outlook contrasting with projections from the International Energy Agency and others of a huge glut. The OPEC+ group comprising the Organization of the Petroleum Exporting Countries, Russia and other allies plans to pause production hikes in the first quarter of 2026,

Shadow fleet on edge after U.S. seizes tanker in Venezuelan waters

December 11, 2025

(Oil Price) – The United States has seized a large oil tanker off the coast of Venezuela, marking a major escalation in tensions between Washington and Caracas. President Trump confirmed the operation, saying, “We’ve just seized a tanker on the coast of Venezuela, large tanker, very large, largest one ever seized actually”. He then went on to warn that “other things are happening

bp delivers seventh major 2025 startup with Atlantis Drill Center 1 expansion

December 11, 2025

(World Oil) – bp has achieved first oil from the Atlantis Drill Center 1 expansion in the U.S. Gulf of America, marking the company’s seventh major upstream project startup of 2025 and its fifth to come online ahead of schedule. The two-well subsea tieback to the existing Atlantis platform is expected to add roughly 15,000 boed of gross peak annualized average production. Atlantis—one

Oil exports via Caspian pipeline down 12% in November m/m, sources say

December 11, 2025

(BOE Report) – Oil exports of the Caspian Pipeline Consortium (CPC), which ships oil from Kazakhstan via a pipeline and subsequently a Russian Black Sea terminal, declined by 12% in November from October, two industry sources said on Thursday. CPC, which handles around 80% of Kazakhstan’s oil exports, was attacked by a Ukrainian drone on November 29, when one of

Oil prices slip lower; U.S. seizure of Venezuelan tanker, IEA forecasts in focus

December 11, 2025

(Investing) – Oil prices fell Thursday, handing back some of the previous session’s gains after the United States’ seizure of a sanctioned oil tanker off the coast of Venezuela triggered fresh fears about supply disruptions, while investors digested new forecasts from the International Energy Agency. At 08:00 ET (13:00 GMT), Brent Oil Futures expiring in February fell 1.1% to $61.53 per barrel and

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