July 31, 2026 - Oil & Gas 360

EnerCom Announces SM Energy as a Keynote Speaker at the 31st EnerCom Denver – The Energy Investment Conference, on August 19, 2026, in Denver, Colorado

July 31, 2026

(Oil & Gas 360) – Investors are encouraged to register for EnerCom Denver – The Energy Investment Conference, featuring a broad group of public and private energy companies Sponsorship opportunities are available for companies seeking to increase their market presence DENVER – July 31, 2026 – EnerCom, Inc. (“EnerCom”) is pleased to announce that Beth McDonald, President & CEO of industry

360 Energy Pulse: What mattered this week in energy

July 31, 2026

(By Oil & Gas 360) – This week highlighted the growing gap between short-term market volatility and long-term industry investment. Oil prices whipsawed on renewed U.S.–Iran tensions before retreating as military action paused, while natural gas markets softened on record production. Yet behind the daily price swings, companies continued committing billions of dollars to LNG, pipelines, upstream developments, and natural

The three-legged stool: Agriculture, oil & gas, and pharmaceuticals

July 31, 2026

(Oil & Gas 360) By Greg Barnett, MBA – Politicians, activists, industry groups, and media commentators all love the word subsidy. It is a powerful term because it implies dependence. If an industry receives subsidies, the assumption is that it survives only because taxpayers prop it up. The reality is far more complicated. Agriculture, oil and gas, and pharmaceuticals are three

Petrobras sets production record of 3.34 MMboed in second quarter

July 31, 2026

(World Oil) — Petrobras increased its oil and natural gas production 14.1% year over year to a record 3.34 MMboed in the second quarter of 2026, driven by the continued ramp-up of major pre-salt developments in the Santos basin and improved operational efficiency across its offshore portfolio. Production also rose 3.4% from the first quarter as the company benefited from increasing

Middle East oil shock could hand upstream sector a $495 billion windfall

July 31, 2026

(Oil Price) – Wood Mackenzie now estimates that the global upstream oil and gas sector could generate $495 billion in free cash flow in 2026 if crude averages $90 per barrel, more than doubling its previous forecast based on a $60 oil price assumption. The revision follows the sharp jump in crude prices triggered by the Middle East conflict, turning what had

U.S. rig count increased by 7, is at 580- oil and gas 360

U.S. rig count increased by 1, is at 588

July 31, 2026

This week’s Baker Hughes Rig Count shows that the U.S. increased by 1 last week, resulting in a total count of 588 rigs. Canada increased by 15 over last week, resulting in a total Canadian count of 219 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Eagle Ford, Marcellus, and the Permian experienced an increase this

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

Weekly Gas Storage: Inventories increase by 28 Bcf

July 31, 2026

Natural Gas Inventories as of July 24, 2026 The EIA has released its natural gas inventory report, showing a net increase of 28 Bcf as of July 24, 2026. Working gas in storage was 3,084 Bcf as of Friday, July 24, 2026, according to EIA estimates. This represents a net increase of 28 Bcf from the previous week. Stocks were

Pipeline company Enbridge reports $1.4-billion second-quarter profit

July 31, 2026

(BOE Report) – Enbridge Inc. reported a second-quarter profit attributable to common shareholders of $1.4 billion, down from $2.18 billion a year earlier. The pipeline company says the profit amounted to 64 cents per share for the quarter ended June 30, down from $1 per share in the same quarter last year. On an adjusted basis, Enbridge says it earned 63 cents

bp boosts U.S. Gulf output with Atlantis expansion startup

July 31, 2026

(World Oil) — bp has started production from its Atlantis expansion project in the U.S. Gulf of America/Mexico, adding approximately 10,000 boed of gross peak annualized production while extending the life of one of the company’s flagship deepwater developments. Located about 150 miles south of New Orleans, the Atlantis field has been producing for nearly two decades. The expansion includes two new subsea

Gulf oil exports struggle to recover despite higher Hormuz traffic

July 31, 2026

(Oil Price) – Shipping traffic through the Strait of Hormuz slightly increased as US-Iran negotiations remained ongoing in an effort to restore peace after the memorandum of understanding collapsed amid two weeks of tit-for-tat strikes, according to Pakistan’s Foreign Ministry spokesperson Tahir Andrabi, who provided no further details. Still, the security situation in the Gulf deteriorated overnight after the US

Premium Content