August 25, 2025 – Oil & Gas 360

Exclusive: Eni SpA at EnerCom Denver – The Energy Investment Conference 2025

August 25, 2025

(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technology Series presenter replays for a limited time. Eni is a global energy company engaged in the exploration, development and extraction of natural gas and oil, power generation from traditional and renewable sources, refining and chemicals. Sustainability goals

New Permian pipeline project addresses growing gas demand

August 25, 2025

(Oil Price) – ONEOK, Inc., MPLX LP, Whitewater, and Enbridge Inc. announced a new natural gas pipeline project to transport gas from the Permian Basin to the U.S. Gulf Coast. The Eiger Express Pipeline will be a 450-mile, 42-inch pipeline designed to transport up to 2.5 billion cubic feet per day of natural gas. The project is a joint venture between the existing Matterhorn

Cenovus to acquire oil sands producer MEG for $5.7 billion

August 25, 2025

(World Oil) – Cenovus Energy has entered into a definitive agreement to acquire MEG Energy in a cash and stock transaction valued at $7.9 billion CAD ($5.7 billion USD), inclusive of assumed debt. The deal follows MEG’s recent rejection of a lesser takeover bid from Strathcona Resources. The acquisition brings together two leading SAGD oil sands producers with combined oil sands production of

Crescent Energy to acquire Vital Energy in $3.1 billion shale deal

August 25, 2025

(BOE Report) – U.S. shale producer Crescent Energy said on Monday it would acquire smaller peer Vital Energy in an all-stock deal valued at $3.1 billion, including debt. Vital shareholders will receive 1.9062 shares of Crescent common stock for each share held, representing a value of $18.95 per share and a premium of 20%, based on the stocks’ last close. Shares of

How artificial intelligence is both driving and derailing decarbonization

August 25, 2025

(Oil Price) – Will Artificial Intelligence be the downfall of the clean energy transition, or the catalyst that makes it possible? The answer is complicated, and somehow contains a bit of both. Training the large language models that power AI is incredibly energy-intensive, and as models like ChatGPT and DeepSeek become increasingly complex, each individual query can rack up a serious

Oil prices rise as traders weigh supply risks

August 25, 2025

(Investing) – LONDON -Oil prices climbed on Monday as traders weighed concerns that Russian supply could be disrupted by more U.S. sanctions and Ukrainian attacks targeting energy infrastructure in Russia. Brent crude futures were up 40 cents, or 0.6%, to $68.13 by 1315 GMT, and West Texas Intermediate (WTI) crude futures gained 46 cents, or 0.7%, to $64.12. “The market is somewhat

Trump withholds Venezuelan oil approval for non-U.S. majors

August 25, 2025

(World Oil) – The Trump administration is withholding approval for several Western oil majors seeking to operate in Venezuela, ramping up pressure on Nicolás Maduro’s government even as Chevron Corp. is allowed to work there, according to people familiar with the matter. The pause is focused on non-U.S. firms, leaving companies including Spain’s Repsol SA, Italy’s Eni SpA and France’s Maurel

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count decreased by 1 is at 538

August 25, 2025

This week’s Baker Hughes Rig Count shows that the U.S. decreased by 1 last week, resulting in a total count of 538 rigs. Canada had a decrease of 3 over last week, resulting in a total Canadian count of 180 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions experienced an increase this week. Meanwhile, 1

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