(Oil & Gas 360) By Greg Barnett, MBA – Washington says it pushed Chinese and Russian influence out of Venezuelan oil. Now American rigs, services, capital, and operators have to show up. The Deal Has an Execution Test The documents are beginning to arrive. Now where are the drilling rigs? On August 31, the White House put considerably more meat on
(Oil Price) – The number of tankers traversing the Strait of Hormuz remains below the ten-day average, according to ship-trackers, with Kpler reporting only four tanker crossings for Tuesday. That is below a ten-day average of 13 tankers, Reuters reported earlier today. Windward, meanwhile, reported four tankers entering the strait, two of them in dark mode, and three exiting on Tuesday, one of them in
(World Oil) – Eni has expanded its exploration position offshore Uruguay, taking operatorship and a 50% interest in the OFF-5 block while also agreeing to acquire a 40% stake in the adjacent OFF-6 block. Eni formally entered OFF-5 following an agreement with MIWEN, a wholly owned subsidiary of YPF, and Uruguay’s national oil company ANCAP. The transaction has received approval from Uruguayan authorities. Eni will
(Investing) – LONDON – Oil prices rose on Thursday after U.S. strikes on Iran and renewed Israeli threats against Tehran revived concerns about disruptions to Middle East supplies. Brent crude futures were up 59 cents, or 0.62%, at $96.22 a barrel by 1327 GMT while U.S. West Texas Intermediate crude futures rose 78 cents, or 0.86%, to $91.79. Both contracts were heading for their
Natural Gas Inventories as of August 28, 2026 The EIA has released its natural gas inventory report, showing a net increase of 30 Bcf as of August 28, 2026. Working gas in storage was 3,214 Bcf as of Friday, August 28, 2026, according to EIA estimates. This represents a net increase of 30 Bcf from the previous week. Stocks were
(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference presenter replays for a limited time. Founded in 2024 to unlock value in overlooked oil and gas assets in the Rockies, Heberdev targets proven but under-optimized acreage, using advanced technology and deep research to expand unconventional plays. With over a decade of shared experience
(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference presenter replays for a limited time. Baytex Energy Corp. is an energy company based in Calgary, Alberta. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford
(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference presenter replays for a limited time. Epsilon Energy Ltd. is a North American on-shore focused independent natural gas and oil company engaged in the acquisition, development, gathering and production of natural gas and oil reserves. Our areas of operation are the Marcellus basin in
(Oil & Gas 360) By Greg Barnett, MBA – Where Did the Barrels Go? The first question was who controlled the barrels. The second was whether American and North American rigs, oilfield services and capital would actually show up to develop them. There is a third question, and unlike 65 billion barrels underground, this one can be watched moving across the
(BOE Report) – U.S. Energy Secretary Chris Wright said on Tuesday after landing in Venezuela that deals that oil companies from the U.S. and other countries sign tomorrow in Caracas will lead to a more than doubling of crude production in the next few years. Wright is on a one-day trip to the founding OPEC member, his second since U.S.
(World Oil) – Comstock Resources has announced a proposed $1.65 billion strategic partnership with Azerbaijan’s SOCAR alongside a $450 million drilling venture backed by Jerry Jones, providing new capital to accelerate development of the company’s Legacy and Western Haynesville natural gas assets. Under a letter of intent, SOCAR would pay $1.65 billion in cash for a 20% non-operated working interest in Comstock’s Legacy Haynesville assets and a 15%
(Oil Price) – The number of tankers traversing the Strait of Hormuz remains below the ten-day average, according to ship-trackers, with Kpler reporting only four tanker crossings for Tuesday. That is below a ten-day average of 13 tankers, Reuters reported earlier today. Windward, meanwhile, reported four tankers entering the strait, two of them in dark mode, and three exiting on Tuesday, one of them in
