(Oil & Gas 360) – The oil and gas industry is moving from intention to action. With a focus on sustainability and operational advancements, this sector is investing in groundbreaking technologies to meet new demands. Find out how the Oil and Gas Decarbonisation Congress (DECARBON) 2026 is driving this transformation and reshaping the global energy landscape. The oil and gas sector
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 6 last week, resulting in a total count of 542 rigs. Canada had a decrease of 7 over last week, resulting in a total Canadian count of 185 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Granite Wash region experienced an increase this week.
Weekly Crude Oil Storage as of December 12, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.3 million barrels from the previous week. At 424.4 million barrels, U.S. crude oil inventories are 4% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
Natural Gas Inventories as of December 12, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 167 Bcf as of December 12, 2025. Working gas in storage was 3,579 Bcf as of Friday, December 12, 2025, according to EIA estimates. This represents a net decrease of 167 Bcf from the previous week. Stocks were
(Oil & Gas 360) – Vancouver, BC – December 11, 2025 – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (“CanCambria” or the “Company”) is pleased to provide an operational update within the BA-IX Mining License area including preparations for drilling of the Kiskunhalas tight-gas field, via the CC-Ba-E-2 well location. The well is permitted, approved and anticipated to be drilled
(World Oil) – WASHINGTON — The American Petroleum Institute (API) is welcoming the U.S. House of Representatives’ passage of two bipartisan bills aimed at overhauling the federal permitting process for energy and infrastructure projects. The legislation includes the Improving Interagency Coordination for Pipeline Reviews Act (H.R. 3668) and the Promoting Efficient Review for Modern Infrastructure Today (PERMIT) Act (H.R. 3898). Both measures are designed to
(Oil Price) – India’s government on Friday approved the landmark Atomic Energy Bill, which would allow private companies to invest in its nuclear energy industry for the first time, as the country looks to boost its nuclear power capacity tenfold within two decades. The so-called SHANTI (Sustainable Harnessing of Advancement of Nuclear Energy for Transforming India) bill passed the federal government approval on
(BOE Report) – Oil prices rose on Friday supported by concerns of Venezuelan supply disruptions, though they remained on track for a weekly drop amid cautious market sentiment and optimism over the prospects for a Russia-Ukraine peace deal. Brent crude futures rose 43 cents, or 0.70%, to $61.71 a barrel by 0352 GMT, and U.S. West Texas Intermediate crude was
(Investing) – HOUSTON – The oil supertanker Skipper that was seized by the U.S. near Venezuela this week as part of an increased pressure strategy against President Nicolas Maduro, is heading to Houston, two sources said on Friday. The Very Large Crude Carrier, which is carrying about 1.85 million barrels of Venezuela’s Merey heavy crude according to satellite images analyzed by
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 1 last week, resulting in a total count of 548 rigs. Canada had an increase of 1 over last week, resulting in a total Canadian count of 192 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Ardmore Woodford, the Eagle Ford, the Granite Wash,
(Oil Price) – Rising oil supply amid tepid demand growth has prompted forecasters and analysts to predict a large surplus on the market going into 2026. All experts and investment banks estimate that the market is accumulating inventories and will continue to do so in early 2026, when oil demand is typically at its weakest in any year. The forecasts of
(Investing) – LONDON – World oil supply will match demand closely in 2026, OPEC data published on Thursday indicated, an outlook contrasting with projections from the International Energy Agency and others of a huge glut. The OPEC+ group comprising the Organization of the Petroleum Exporting Countries, Russia and other allies plans to pause production hikes in the first quarter of 2026,
