05 Aug Energy Price, news and commentary 05/08/26: WTI Crude @ $76.07
(Oilandgaspress) 05/08/26, Iran has unequivocally denied that its e strait, asserting that the situation would remain unchanged while US ‘aggression’ persists.. Related News
Speaking from the Oval Office on Monday (3 August), the US president said: “Any country with windmills is a loser… because you lose money on windmills.” The US accounts for 14% of the world’s wind energy capacity, second only to China, which has 70%.
The US president has previously labelled wind turbines as “monstrosities” and complained about their impact on tourism. In 2012, he lost a legal battle over 11 turbines that were to be constructed alongside his Aberdeenshire golf course.. Related News
| Oil and Gas Blends | Units | Oil Price | Notes |
| Crude Oil (WTI) Oilprice | US$/bbl | $76.07 | Down |
| Crude Oil (Brent) | US$/bbl | $80.26 | Down |
| Bonny Light 31/07/26 CBN | US$/bbl | $94.24 | — |
| Dubai | US$/bbl | $76.75 | — |
| Natural Gas | US$/MMBtu | $2.70 | Down |
| Murban | US$/bbl | $78.07 | Down |
| OPEC basket 04/08/26 OPEC | US$/bbl | $80.42 | Down |
| At press time August 05, 2026 |
BP said Tuesday that its net profit more than doubled in the second quarter as the Middle East war roiled oil and gas markets.
Profit after tax jumped to $3.91 billion in the April-June period from $1.62 billion in the second quarter of 2025, BP said in an earnings statement, as prices of fossil fuels soared year-on-year. BP’s total revenue increased 47 percent to $70 billion in the second quarter from a year earlier as the conflict disrupted global supplies of fossil fuels. Related News
Sercel announced that it has been awarded a one-year contract by ExxonMobil Global Projects to deploy its Marlin solution to assist in the management of Simultaneous Operations (SIMOPS) on the Whiptail project, located in the Stabroek Block, offshore Guyana. The deployment of this software tool will support pipelay and mooring installation campaigns.
The Marlin platform offers an innovative suite of solutions for optimizing maritime operations. For SIMOPS, it delivers a live, time‑based geospatial view of concurrent offshore activities, providing teams with the vessel and asset awareness required to plan, coordinate, and execute operations safely in high‑activity environments. The tool includes full-system configuration, onboarding, operational reviews, and 24/7 operational support. Related News
Intermoor, Acteon’s Moorings and Anchors business line, has been awarded a new contract by Petrobras for the provision of inspection, preservation, maintenance, and operational readiness services for subsea interconnection, mooring and anchoring materials.
This award marks the third contract secured by Intermoor from Petrobras in less than a year, reinforcing a long-standing partnership built on technical capability, operational performance and consistent delivery.
Under the scope of work, Intermoor will deliver integrated services covering a wide range of critical mooring components, including chains, steel wire ropes, anchors, connectors, load collars, anode collars, adapters and other load handling accessories. These services will support Petrobras’ offshore operations across Brazil’s extensive subsea infrastructure portfolio. Related News
Orrön Energy entered into an agreement to combine its Nordic platform, excluding Karskruv, with Cloudberry to create a leading Nordic IPP, in which Orrön Energy will hold a 27.01 percent stake and become the largest shareholder.
• Power generation from Karskruv amounted to 111 GWh for the reporting period. Proportionate power generation, including discontinued operations, amounted to 389 GWh for the reporting period. In addition, the Company had 15 GWh of compensated volumes related to ancillary services and availability warranties, of which 2 GWh related to Karskruv, bringing the total proportionate power generation, including these volumes, to 404 GWh.
• Continued progress on project development in Germany, with revenue from project sales of MEUR 3.7 in the second quarter, and MEUR 5.3 for the reporting period.
Consolidated financials
• Achieved electricity price amounted to EUR 70 per MWh for the reporting period, which, combined with revenues from project sales, resulted in an EBITDA of MEUR 1.8 for continuing operations.
• Cash flows from operating activities amounted to MEUR -2.5 for the reporting period for continuing operations.
Proportionate financials
• Proportionate net debt amounted to MEUR 90.5, including discontinued operations. Outstanding loan balances and accrued interest of approximately MEUR 93 as at year-end 2025 will be settled or assumed by Cloudberry at closing of the transaction, which is expected to result in a net debt position close to zero for the continuing operations. . Related News
The Maritime Standard Transportation & Climate Change Conference (TMS TACCC) 2026 will bring together senior industry leaders, policymakers, shipowners, port authorities, financiers, technology providers, sustainability professionals and legal experts to examine the practical challenges and opportunities shaping the transition towards a sustainable, secure and resilient global transport ecosystem. Taking place on 24 September 2026 at Hilton Yas Island, Abu Dhabi, UAE, the fourth edition of TMS TACCC will be held under the overarching theme “Scaling Climate Action: Finance, Fuel, Resilience & Recovery in Global Transport.”
The 2026 programme has been developed against a rapidly changing global backdrop, with evolving regulatory frameworks, increasing carbon pricing pressures, alternative fuel development, geopolitical disruption and growing concerns around energy security and supply chain resilience influencing investment and strategic decision-making across the transport sector.
The conference will examine how the industry can move from climate ambition towards real-world implementation by bringing together perspectives from across the maritime, transport, energy, infrastructure, finance and technology sectors. . Related News
Ukraine will ‘never’ join NATO, ex-commander Zaluzhnyi says. “It is impossible for the Ukrainian Armed Forces, given their current level of development, to join an organization that is guided by World War II doctrines,” Ukraine’s Ambassador to the U.K., Valerii Zaluzhnyi, said. Instead of NATO membership, Zaluzhnyi said Ukraine should focus on emerging regional security arrangements. Related News
Stocks of key surface-to-surface high precision missiles in the U.S. Army — including the ATACMS missile fielded by Ukraine — have been badly depleted by the Trump administration’s war against Iran this year, Reuters reported on Aug. 4, citing three sources familiar with the data.
The report comes as shortages of key U.S.-made weapons systems, especially the Patriot interceptor missile, have come to impact Ukraine’s own war effort. Related News
SLB Reported Revenue of $8.97 billion increased 3% sequentially and 5% year on year
GAAP EPS of $0.52 increased 4% sequentially and decreased 30% year on year
EPS, excluding charges and credits, of $0.55 increased 6% sequentially and decreased 26% year on year
Net income attributable to SLB of $786 million increased 5% sequentially and decreased 22% year on year
Adjusted EBITDA of $1.90 billion increased 7% sequentially and decreased 7% year on year
Cash flow from operations was $1.36 billion and free cash flow was $716 million
Board approved quarterly cash dividend of $0.295 per share.
SLB delivered solid second-quarter 2026 results, as broad-based sequential growth across international markets led by offshore activity in Latin America, Europe & Africa and Asia, more than offset the impact of continued disruptions in the Middle East,” said SLB Chief Executive Officer Olivier Le Peuch. Related News
Baker Hughes Rig Count: International +27 to 1,073, : U.S. +1 to 588 Canada +15 to 219
U.S. Rig Count is up 1 from last week to 588 with oil rigs up 1 to 451, gas rigs unchanged at 127 and miscellaneous rigs unchanged at 10.
Canada Rig Count is up 15 from last week to 219 with oil rigs up 12 to 150, gas rigs up 1 to 63 and miscellaneous rigs up 2 to 6.
International Rig Count is up 27 from last month to 1,073 with land rigs up 18 to 833, offshore up 9 to 240.
The Worldwide Rig Count for June was 1,822, up 88 from the 1,734 counted in May 2026, and up 60 from the 1,762 counted in June 2025
| Region | Period | Rig Count | Change |
| U.S.A | 31 July 2026 | 588 | +1 |
| Canada | 31 July 2026 | 219 | +15 |
| International | June 2026 | 1,073 | +27 |
| Baker Hughes |
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