August 1, 2025 – Oil & Gas 360

Energy Transition Meets Emerging Tech on August 20th at EnerCom’s 30th Anniversary Energy Investment Conference

August 1, 2025

Oil & Gas 360 – Landmark 30th Anniversary EnerCom Denver – The Energy Investment Conference Announces Energy Transition and Emerging Technology Session Schedule Qualified Investors and Analysts Can Register at No Cost at www.enercomdenver.com  DENVER – July 31, 2025 – EnerCom, Inc., a leading energy consulting and strategic communications firm, announces the lineup of presenting companies for its Energy Transition and Emerging

Record Permian output boosts Exxon’s Q2 results

August 1, 2025

(Oil Price)– Despite the slide in oil prices in the second quarter, ExxonMobil (NYSE: XOM) reported on Friday earnings that exceeded analyst estimates on the back of increased oil and gas production in the U.S. Permian shale basin and offshore Guyana. Exxon’s earnings stood at $7.1 billion for the second quarter, or $1.64 per share, as the company achieved its highest

Chevron’s return to Venezuela fuels controversy over oil payments to Maduro

August 1, 2025

(Oil Price)– Chevron will transfer part of the oil it produces in Venezuela to the Maduro government, Bloomberg has reported, citing unnamed sources. The deal follows the U.S. granting a sanction exemption to the supermajor so it could continue operating in Venezuela. The terms of the deal are similar to those of other international oil majors operating in Venezuela, Bloomberg’s

OPEC+ seen further raising oil production on Sunday, sources say

August 1, 2025

(BOE Report)– OPEC+ will likely approve another oil output hike on Sunday, sources familiar with the discussions said, adding that the producer group was still debating the final size of the increase for September. OPEC+, which pumps about half of the world’s oil, has been curtailing production for several years to support the market. But it reversed course this year

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

U.S. rig count decreased by 2 is at 540

August 1, 2025

This week’s Baker Hughes Rig Count shows that the U.S. decreased by 2 over last week, resulting in a total count of 540 rigs. Canada had an decrease of 5 over last week, resulting in a total Canadian count of 177 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Granite Wash region experienced an increase

U.S., Pakistan sign deal to develop oil reserves, improve trade ties

August 1, 2025

(World Oil)– The U.S. sealed a trade deal with Pakistan as their officials wrapped up talks in Washington, agreeing to develop oil reserves. The pact involves a reduction of the so-called reciprocal tariffs, especially on Pakistani exports, according to a statement by Pakistan’s finance ministry on Thursday. No details on tariffs were shared by either side. U.S. President Donald Trump

Oil prices drop as tariff jitters weigh; weekly gains likely

August 1, 2025

(Investing) – Oil prices slipped lower U.S. President Donald Trump outlined tariffs against a slew of countries, ramping up concerns over their potential impact on oil demand. At 08:05 ET (12:05 GMT), Brent oil futures for October fell 0.7% to $71.21 a barrel and West Texas Intermediate crude futures dropped 0.6% to $68.85 a barrel. But crude prices were still set for gains of over

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