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TotalEnergies Warns of Looming Oil Glut

OilPrice

TotalEnergies (NYSE: TTE) reported on Thursday its weakest adjusted net income for a quarter since 2021, hit by lower oil and gas prices, and warned of a coming oil glut in an unstable macroeconomic and geopolitical environment. The French supermajor booked an adjusted net income of $3.6

Oil
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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

(BOE Report) – Giant shovels, driverless trucks and a dog-like robot have all helped Canada’s oil sands companies including Imperial Oil and Suncor become some of North America’s lowest-cost oil producers, driving down overheads even as the worst inflation in a generation pushed U.S. shale costs up. tariff threats.

Oil
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US oil/gas rig count falls for fourth month to Oct 2021 low, Baker Hughes says

BOE Report

energy firms cut the number of oil and natural gas rigs operating for a fourth month in a row to the lowest since October 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by seven to [Read more]

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US oil/gas rig count down for 11th week to lowest since 2021, Baker Hughes says

BOE Report

energy firms this week cut the number of oil and natural gas rigs operating for an 11th week in a row for the first time since July 2020 when the COVID-19 pandemic cut demand for the fuel, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas [Read more]

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US drillers cut oil/gas rigs for 7th week to lowest since 2021, Baker Hughes says

BOE Report

energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by [Read more]

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USA EIA Reveals Latest USA Crude Oil Production Forecast

Rigzone

Brent Crude $68.75 -0.77% Natural Gas $3.32 -6.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS USA EIA Reveals Latest USA Crude Oil Production Forecast by Andreas Exarheas | Rigzone Staff | Monday, July 21, 2025 | 8:27 AM EST The U.S. crude oil production forecast in its July short term energy outlook.

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Coterra CEO Praises Shale Revolution, Calls Dimock “Prolific”

Marcellus Drilling News

Coterra is the successor company of Cabot Oil & Gas after Cabot merged with Cimarex Energy in October 2021 (see Cimarex Takes Over Cabot, Merged Co. Coterra Energy CEO Tom Jorden had a sit-down interview at the 2025 J.P. Morgan Energy, Power, Renewables and Mining Conference on Tuesday of this week. Called “Coterra Energy”).