September 25, 2025 – Oil & Gas 360

Petrobras clears key hurdle for Amazon drilling

September 25, 2025

(Oil Price) – Petrobras moved a step closer to obtaining a license to drill in an environmentally sensitive offshore region in the Amazon basin after the Brazilian environmental agency approved test assessments made by Brazil’s state oil and gas giant in the area. Ibama, the environmental agency responsible for issuing licenses for drilling, has approved a pre-operational assessment, the so-called emergency

bp forecasts higher oil consumption, drops view of near-term peak

September 25, 2025

(World Oil) – bp Plc said that oil demand is going to keep growing for the rest of this decade, rowing back on its prior projection that the high point could come as soon as this year. Rising consumption in emerging markets, sluggish energy efficiency gains, geopolitical tensions and the persisting use of petrochemicals all point to peak demand in

Nabors, Caturus launch 4-mile shale rig for ultra-high pressure drilling

September 25, 2025

(World Oil) – Caturus Energy has contracted Nabors Industries to deploy the PACE-X Ultra™ X33 rig, billed as the most powerful onshore drilling system currently operating in the U.S. The move marks a milestone in Caturus’ strategy to expand natural gas production from its South Texas portfolio. Caturus, which produces more than 650 MMcf of net gas equivalent per day

Eni Sells 30% in Cote d’Ivoire oil and gas project to top trader

September 25, 2025

(Oil Price) – Eni has completed the sale of 30% in the giant operational Baleine oil and gas project offshore Cote d’Ivoire to the world’s biggest independent oil trader, Vitol, the Italian energy major said on Thursday. The Baleine project is Cote d’Ivoire’s main offshore development and after the transaction is now owned by Eni with a 47.25% stake, Vitol with 30%, and

Chevron expects up to $400 million quarterly impact from Hess deal

September 25, 2025

(BOE Report) – Chevron said on Thursday it was expecting a loss of $200 million to $400 million in the third quarter due to the impact related to the acquisition of Hess. Chevron closed its $55 billion buyout of Hess in July after winning a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.

Oil pulls back from seven-week high as investors reassess Fed rate cut expectations

September 25, 2025

(Investing) – NEW YORK -Oil prices eased on Thursday, retreating from the previous session’s seven-week high, as new U.S. economic data tempered optimism around further interest rate cuts. Brent futures were down 25 cents, or 0.36%, at $69.06 a barrel by 12:24 p.m. EDT (1624 GMT). U.S. West Texas Intermediate futures lost 33 cents, or 0.51%, to $64.66. Both benchmarks gained 2.5% on Wednesday to

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 75 Bcf

September 25, 2025

Natural Gas Inventories as of September 19, 2025 The EIA has released its natural gas inventory report, showing a net increase of 75 Bcf as of September 19, 2025. Working gas in storage was 3,508 Bcf as of Friday, September 19, 2025, according to EIA estimates. This represents a net increase of 75 Bcf from the previous week. Stocks were

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