October 3, 2025 – Oil & Gas 360

Gulf countries respond to U.S. trade pressure with trillion dollar plans

October 3, 2025

(Oil Price)– Over the past decade, the Gulf Cooperation Council (GCC), comprising Saudi Arabia, Qatar, the UAE, Bahrain, Kuwait, and Oman, has advanced bold strategies to reshape its economies by reducing reliance on oil while developing new sectors like renewable energy, tourism, financial services, and digital innovation. Charting a course toward long-term economic resilience, these nations have launched sweeping infrastructure

Energy Market Assessment: More in the world seeing opportunity

October 3, 2025

(Oil & Gas 360) – More In The World Seeing Opportunity To Do/Be/Have Better Needs Much More Oil & Natural Gas, The Best When-Needed/Where-Needed Energy Sources. Providing-Ingredients expectations depressed, especially oil & nat. gas, to fuel more prosperity & healthier living, has us heading to much more needed and Wise Investing of Free Markets funding a Drilling boom to fuel a billion

MEG Shareholders Set to Vote on Critical Decision – Cenovus vs. Strathcona vs. Going it Alone

October 3, 2025

(BOE Report)– The contest for MEG Energy is entering its final stages, with two competing bids on the table and shareholders set to vote in October. The upcoming votes will determine whether MEG is acquired by Cenovus, taken over by Strathcona, or remains independent. Key Dates Ahead Several important dates now define the timeline: October 7: Proxy voting deadline for MEG shareholders

Shell-led LNG Canada prepares to start Train 2

October 3, 2025

(BOE Report)- Led LNG Canada has begun the process of starting up its second 6.5 million tonnes per annum (mtpa) liquefied natural gas processing unit known as Train 2 in Kitimat, British Columbia, a company spokesperson told Reuters on Thursday. The startup of Train 2, however, is happening as the company continues to experience technical problems at Train 1, according

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

U.S. rig count had no change is at 549

October 3, 2025

This week’s Baker Hughes Rig Count shows that the U.S. had no change, resulting in a total count of 549 rigs. Canada had no change over last week, resulting in a total Canadian count of 190 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Cana Woodford region experienced an increase this week. Meanwhile, 2 regions

Oil prices head for weekly loss as market awaits November supply news

October 3, 2025

(Investing.com)– Oil prices were stable on Friday but were still headed for a weekly loss of about 7-8% after news of potential increases to OPEC+ supply. Brent crude futures were up 29 cents, or 0.5%, at $64.40 a barrel by 1311 GMT. U.S. West Texas Intermediate crude was up 27 cents, or 0.5%, at $60.75. For the week, Brent was trading

Eni approves $7.2 billion Coral Norte LNG project offshore Mozambique

October 3, 2025

(World Oil)– Eni SpA gave financial approval to build a $7.2 billion floating liquefied natural gas project in Mozambique that will double the nation’s production of the fuel, adding to global supply just as a wave of new production hits later this decade. The Coral Norte project off Mozambique’s northern coastline will be able to produce 3.6 million tons of

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