August 6, 2026 - Oil & Gas 360

Register to attend the 31st EnerCom Denver - The Energy Investment Conference, on August 19, 2026, in Denver, Colorado- oil and gas 360

One-on-One Meeting Requests are Open for the 31st EnerCom Denver – The Energy Investment Conference, on August 19, 2026, in Denver, Colorado

August 6, 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, and request 1×1 meetings Sponsorship opportunities are available for companies seeking to increase their market presence Recognized as the largest independent investor conference serving the global oil and gas industry and the broader

Angola confirms new offshore oil and gas reserves with Katambi-2 well

August 6, 2026

(Oil Price) – Angola’s state-owned oil firm Sonangol and its partner in an exploration block offshore Angola, ANPG, successfully drilled an appraisal well that showed good reservoir potential for both oil and gas production. Sonangol and ANGP announced on Thursday the successful completion of the drilling and testing operations of the Katambi-2 appraisal well in Block 24 of the Benguela Basin. The

U.S. upstream M&A declines in Q2, but Permian demand remains robust

August 6, 2026

(World Oil) — U.S. upstream mergers and acquisitions slowed sharply in the second quarter as crude price volatility complicated deal valuations, but competition for premium Permian basin inventory remained strong and activity is expected to accelerate later this year, according to Enverus Intelligence Research (EIR). Total upstream M&A reached $9.1 billion during the quarter, down 76% from the first quarter and 33% from a

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

Weekly Gas Storage: Inventories increase by 33 Bcf

August 6, 2026

Natural Gas Inventories as of July 31, 2026 The EIA has released its natural gas inventory report, showing a net increase of 33 Bcf as of July 31, 2026. Working gas in storage was 3,117 Bcf as of Friday, July 31, 2026, according to EIA estimates. This represents a net increase of 33 Bcf from the previous week. Stocks were

Japex to buy US tight oil and gas assets for $320 million

August 6, 2026

(BOE Report) – Japan Petroleum Exploration said on Thursday it will acquire all equity interests in four Fundare companies holding tight oil and gas assets in Colorado and Wyoming for about $320 million. * The acquisition, expected to close in the October-December quarter, follows the purchase of adjacent Verdad Resources assets in February and is expected to lower costs through

How the UAE has kept its oil flowing through Hormuz

August 6, 2026

(Oil Price) – The United Arab Emirates has managed to boost its oil exports to pre-crisis levels as early as June, as it has kept pushing crude through the Strait of Hormuz and outside it. The UAE, which left OPEC on May 1, has found workarounds to the blockage at the Strait of Hormuz. It has been shuttling crude through

bp to acquire Woodside’s stake in Trinidad’s Calypso gas project

August 6, 2026

(World Oil) — bp has agreed to acquire Woodside Energy’s 70% interest in the Calypso gas project offshore Trinidad and Tobago, giving the company full ownership and operatorship of the early-stage deepwater natural gas development. The transaction increases bp’s stake in Block TTDAA 14 from 30% to 100% and represents another step in the company’s strategy of concentrating its upstream portfolio around high-value assets where

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