September 26, 2025 – Oil & Gas 360

Oil gains on Ukraine drone attacks cutting Russian supply

September 26, 2025

(Investing) – HOUSTON -Oil prices rose on Friday as Ukraine’s drone attacks on Russia’s energy infrastructure cut the country’s fuel exports. Brent futures settled at $70.13 a barrel, up 71 cents, or 1.02%. U.S. West Texas Intermediate (WTI) crude finished at $65.72 a barrel, gaining 74 cents, or 1.14%. Both benchmarks are set to register their biggest increases since mid-June. “Markets continued to be

Record-low Canadian natural gas prices prompt production curbs

September 26, 2025

(Oil Price) – Canadian producers are temporarily shutting in natural gas wellheads amid a record-low negative pricing at the key Alberta gas hub. The price of natural gas at the AECO Hub, the Canadian benchmark price for natural gas on the Nova Gas Transmission Ltd. (NGTL) system, has been weak all summer and plunged below zero earlier this week. On Thursday, the daily

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

U.S. rig count increased by 7 is at 549

September 26, 2025

This week’s Baker Hughes Rig Count shows that the U.S. increased by 7 last week, resulting in a total count of 549 rigs. Canada had an increase of 1 over last week, resulting in a total Canadian count of 190 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Eagle Ford region experienced an increase this

Kazakhstan’s oil and condensate output rose 3% in August from previous month

September 26, 2025

(BOE Report) – Kazakhstan’s oil and condensate output rose to 8.885 million metric tons in August from 8.631 million tons in July, driven by production growth at Tengiz, Kashagan, and Karachaganak oilfields, official data showed on Friday. The August figure translates into 2.150 million barrels per day, according to Reuters calculations. Despite exceeding quotas set by the Organization of the

OPEC+ oil production hike may not be as steep as feared

September 26, 2025

(Oil Price) – The OPEC+ group is not hiking oil production as much as the headline figures in the agreement suggest, as some members are close to capacity while others are compensating for previous overproduction. This could come as a relief to the market, which expects a major oversupply later this year and early next year. The OPEC+ members have so

Halliburton secures global license for WellSense FiberLine Intervention technology

September 26, 2025

(World Oil) – WellSense, a FrontRow Energy Technology Group company specializing in rapid fiber-optic well diagnostics, has sold a global license for its FiberLine Intervention (FLI) technology to Halliburton in a landmark transaction. The deal marks the first technology divestment by WellSense and its parent group. Under the agreement, Halliburton will deploy FLI for well stimulation monitoring worldwide. WellSense will continue

Oil set for biggest weekly gain in three months as Russia cuts fuel exports

September 26, 2025

(Investing) – LONDON -Oil prices edged up on Friday, on track for a more than 4% weekly gain, as Ukraine’s attacks on Russia’s energy infrastructure prompted Moscow to curb fuel exports. Brent futures gained 23 cents to $69.65 a barrel by 1255 GMT while U.S. West Texas Intermediate (WTI) crude rose by 33 cents at $65.31 a barrel. “The geopolitical risk premium,

Premium Content