January 8, 2026 – Oil & Gas 360

Vickery Energy acquires Marcellus gas assets from Tribune Resources

January 8, 2026

(World Oil) – Vickery Energy Partners has closed the acquisition of natural gas assets in the Appalachian basin from Tribune Resources, adding approximately 38,000 net acres and more than 200 MMcfe/d of net production across Wetzel, Tyler, Harrison and Doddridge counties in West Virginia. The assets include development inventory in both the wet and dry windows of the Marcellus Shale, providing

US Senate to vote on reining in Trump on Venezuela

January 8, 2026

(BOE Report) – The U.S. Senate is due to consider a resolution on Thursday that would block President Donald Trump from taking further military action against Venezuela without congressional authorization, and backers said the measure could pass in a close vote. Days after U.S. forces captured Venezuelan President Nicolas Maduro in a dramatic military raid in Caracas, senators will vote

U.S. oil majors exploring Venezuela opportunities, says Energy Secretary

January 8, 2026

(World Oil) – ConocoPhillips, ExxonMobil and other U.S. oil companies are examining what role they can play in helping revitalize Venezuela’s energy industry, US Energy Secretary Chris Wright said following talks with executives. “Maybe we’ll get to a framework where they’ll go in in a large way again, but in the meantime, they’re not going to sit on their hands,”

Chinese energy companies scramble to protect Venezuelan assets

January 8, 2026

(Oil Price) – Chinese energy companies with operations in Venezuela have asked the government for guidance in how to protect their investments in the South American country now that the United States has effectively taken control of its oil industry. The information comes from Bloomberg, which cited unnamed sources as saying CNPC had been the leader of the group to broach

Equinor awards over $9 billion in long-term contracts to Norwegian suppliers

January 8, 2026

(World Oil) – Equinor has awarded a series of long-term framework agreements to seven supplier companies, committing roughly NOK 100 billion ($9+ billion) to maintenance, modifications and large project work across its offshore installations and onshore plants in Norway. The twelve new framework agreements, which begin in the first half of 2026, have a five-year duration with extension options of three

Trump withdrawal from bedrock UN climate treaty raises legal questions

January 8, 2026

(Investing) – WASHINGTON – The Trump administration’s decision to withdraw the United States from the foundational U.N. climate treaty, which the U.S. Senate unanimously adopted more than 30 years ago, may be illegal, according to some legal experts who say that Congress would need to approve its exit. President Donald Trump said on Wednesday that the United States would withdraw from

The breakthrough that finally makes green hydrogen cost-competitive

January 8, 2026

(Oil Price) – For decades, green hydrogen has been touted as the “next big thing” in clean energy technology, with particularly promising potential applications in hard-to-abate sectors like transport, steelmaking, and shipping. However, the long-predicted green hydrogen renaissance has never come to fruition due to several factors, including the prohibitively high cost of production and the energy losses and inefficiencies associated

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

Weekly Gas Storage: Inventories decrease by 119 Bcf

January 8, 2026

Natural Gas Inventories as of January 2 , 2026 The EIA has released its natural gas inventory report, showing a net decrease of 116 Bcf as of January 2, 2026. Working gas in storage was 3,256 Bcf as of Friday, January 2, 2026, according to EIA estimates. This represents a net decrease of 116 Bcf from the previous week. Stocks

Premium Content