(By Oil & Gas 360) – Oil markets spent another week balancing physical disruption against the possibility that additional supply could eventually find its way into the system. Brent briefly climbed above $109 per barrel as renewed Middle East fighting, continued shipping constraints and the postponement of talks over the Strait of Hormuz reinforced concerns about prolonged disruption. Yet prices
(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference presenter replays for a limited time. Valeura Energy Inc. is an upstream oil & gas company, with a clear strategy to add value for shareholders through growth. The Company is expanding operations organically and through acquisitions in Southeast Asia, focussing on assets with immediate
(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference presenter replays for a limited time. Blackbeard Operating is a privately-held energy company with headquarters located in Fort Worth, Texas. Their extensive and diversified resource portfolio is strategically positioned to effectively address the current and future demands of the energy sector. Since establishment, their
(Oil Price) – At least two LNG carriers have transited the Strait of Hormuz so far this week, while two others were detected to have engaged in ship-to-ship transfers outside the Strait offshore Oman, tanker-tracking and satellite data compiled by Bloomberg showed on Friday. The uptick in LNG cargoes managing to exit the Strait of Hormuz signals that the LNG
(BOE Report) – Trade in agriculture, energy and rare earths has become major bargaining chips in the trade war between the United States and China and are likely to feature again when President Donald Trump hosts his counterpart Xi Jinping in Washington next week. Here’s what else we know: AGRICULTURE Agricultural goods, led by soybeans, are one of the biggest
This week’s Baker Hughes Rig Count shows that the U.S. increased by 4 from last week, resulting in a total count of 595 rigs. Canada decreased by 10 over last week, resulting in a total Canadian count of 197 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Permian, and the Williston regions experienced an increase this
(World Oil) – TotalEnergies has entered into a $1.8 billion partnership with Global Infrastructure Partners (GIP), part of BlackRock, involving interests in certain oil and gas infrastructure assets in Africa. Under the agreement, GIP will make a $1.8 billion capital contribution. In return, TotalEnergies will pay GIP a throughput-based tariff over a period of up to 15 years. The transaction
(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference presenter replays for a limited time. PEDEVCO Corp is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in the United States. The Company’s principal assets are its Rockies Assets located in the D-J Basin of
California Resources Corp. (CRC) has agreed to sell its Uinta basin assets to an undisclosed buyer for approximately $90 million in cash, further concentrating the company’s upstream portfolio in California. The assets were acquired through CRC’s merger with Berry Corp. and are considered non-core to the company’s operations. The transaction has an effective date of July 1, 2026, and is
(Oil Price) – Canada’s oil-producing province of Alberta plans to announce in November a new preferential royalty framework to encourage companies to invest in new oil and gas production, Alberta’s Premier Danielle Smith said at an industry event. As Alberta owns 81% of the mineral rights, the Alberta government, as the resource owner, sets conditions and royalties for resource development. Alberta’s
(Investing) – HOUSTON – Oil prices eased about 2% on Thursday to a one-week low, after reports of additional Saudi crude cargoes through Oman eased supply concerns, though prices stayed above $100 a barrel on fears the Middle East conflict could widen. Brent crude futures were down $2.67, or 2.5%, to $103.13 a barrel at 12:03 p.m. ET (1603 GMT), after
(World Oil) – Continental Resources has signed a memorandum of understanding (MOU) with Venezuela’s state-owned PDVSA to operate and develop the Ayacucho 2 block in the Orinoco Oil Belt, marking the U.S. independent’s entry into Venezuela. The 126,000-acre block in Anzoátegui state is estimated by Continental to contain approximately 30 billion barrels of oil resource in place. Continental would operate
