November 24, 2025 – Oil & Gas 360

Diversified completes $550 million Canvas Energy acquisition, boosting Oklahoma production

November 24, 2025

(World Oil) – Diversified Energy has completed its previously announced acquisition of privately held Canvas Energy, adding a sizeable operated position in central Oklahoma and increasing the company’s daily production by roughly 13%. The $550 million deal includes operated producing assets and approximately 1.6 million net acres across the state. Diversified said the assets currently produce about 24 MMboed and include an

Permian gas wave sparks biggest pipeline buildout since the shale boom

November 24, 2025

(Oil Price) – Growing domestic and export demand for Permian’s natural gas is pushing pipeline developers to invest in new pipeline capacity in the U.S. Gulf Coast. Chemical and manufacturing industries and data centers looking for reliable energy supply drive increased domestic consumption, while the booming LNG exports from the Texas and Louisiana coasts, and at least half a dozen new

ADNOC reaffirms $150 billion plan to boost upstream capacity, international expansion

November 24, 2025

(World Oil) – ADNOC will maintain its investments at $150 billion over the next five years as it targets growth in production capacity at home and expands internationally. The company’s board approved the spending plan that’s in line with the previous layout that was announced three years ago. Since then, Abu Dhabi’s biggest oil producer has carved out an international investment

Tullow Oil shares hit record lows as refinancing fears deepen

November 24, 2025

(World Oil) – Tullow Oil Plc sank to a record low, with trading of the shares briefly halted in London, after the company said it’s contemplating alternatives to refinance its looming debt maturities. The stock plunged as much as 35% to 5.55 pence, the lowest since trading began in 1989, over fears that a potential debt deal could hurt shareholders. Tullow’s

G-20 tries to box in critical mineral disruption

November 24, 2025

(Oil Price) – The G-20 is tiptoeing around China with a sledgehammer. In a draft declaration seen by Bloomberg, leaders called for shielding the global critical-minerals value chain from “unilateral trade measures inconsistent with WTO rules”—a diplomatic way of saying: everyone noticed what China did this year. Beijing’s licensing chokehold on dysprosium, terbium, and other heavy rare earths rattled supply chains from missile makers

NextDecade begins pre-filing process to expand Rio Grande LNG project

November 24, 2025

(BOE Report) – NextDecade Corp said on Monday it has started the U.S. regulatory pre-filing process to add a sixth liquefaction unit and an extra marine berth at its Rio Grande liquefied natural gas project in Texas, with a full application expected in 2026. The U.S. LNG sector has been rapidly expanding after President Donald Trump lifted the moratorium on

Oil prices bounce after sharp losses; Ukraine peace talks in focus

November 24, 2025

(Investing) – Oil prices edged marginally higher Monday, steadying after last week’s sharp losses as markets weighed the prospects of a potential peace deal in Ukraine. At 07:50 ET (12:50 GMT), Brent Oil Futures expiring in January edged up 0.2% to $62.08 per barrel, while West Texas Intermediate (WTI) crude futures rose 0.7% to $58.20 per barrel. Both contracts recorded losses of nearly

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