February 27, 2026 - Oil & Gas 360

360 Energy Pulse: What mattered this week in energy

February 27, 2026

(By Oil & Gas 360) – This week’s energy narrative was one of calibrated markets rather than dramatic shifts. Price forecasts got a lift from inventory dynamics, asset transactions continued, legal risks edged back into the conversation, and policy tensions reverberated across supply expectations. The sector isn’t charging ahead; it’s grading risks and deploying capital selectively. This Week’s 5 Headlines

Venezuela cancels Halliburton asset sale after U.S. intervention to support oil sector restart

February 27, 2026

(World Oil) – Venezuela canceled an auction of assets seized from Halliburton Co. after the Trump administration intervened to stop the sale, as President Donald Trump seeks to smooth the return of U.S. oil companies to the South American country. U.S. government officials pressed Venezuela’s new leader to cancel the auction after a Halliburton executive met Trump and raised the issue

Gulf oil producers open the taps as Iran risk premium builds

February 27, 2026

(Oil Price) – As U.S.-Iran tensions climb and talk of a potential strike refuses to fade, the UAE and Saudi Arabia are already behaving as if an oil supply disruption is a matter of when, not if. If they move more crude now, there is a chance there will be calm markets later. Abu Dhabi is set to export additional volumes

Greenland Energy advances 2026 Arctic drilling campaign with logistics agreement

February 27, 2026

(World Oil) – Pelican Acquisition Corporation and Greenland Exploration Ltd., which are in the process of combining to form Greenland Energy Company, have secured Arctic logistics support for planned drilling operations in the Jameson Land basin. The companies announced a strategic agreement with Canadian maritime operator Desgagnés to provide specialized ice-class vessels and Arctic beach-landing capabilities required to mobilize drilling equipment and personnel. The operations will be

U.S. rig count increased by 7, is at 580- oil and gas 360

U.S. rig count decreased by 1, is at 550

February 27, 2026

This week’s Baker Hughes Rig Count shows that the U.S. decreased by 1 last week, resulting in a total count of 550 rigs. Canada had a decrease of 10 over last week, resulting in a total Canadian count of 214 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Permian region experienced an increase this week. Meanwhile,

From energy to AI: Five big themes behind Carney’s mission to India- oil and gas 360

Saudi Aramco bringing shale gas revolution to Arabian Desert

February 27, 2026

(BOE Report) – The shale revolution that made the United States the world’s top oil producer is taking shape in the Arabian Desert. The shale revolution that made the United States the world’s top oil producer is taking shape in the Arabian Desert. Deep in the sands southeast of Saudi Arabia’s giant Ghawar oilfield, state oil company Aramco is pushing

US seeks forfeiture of oil tanker and 1.8 million barrels of Venezuelan oil

February 27, 2026

(Investing) – WASHINGTON – The United States is seeking the forfeiture of Motor Tanker Skipper, an oil tanker seized by the U.S. in December, and 1.8 million barrels of crude oil cargo supplied by Venezuelan state-run company PDVSA, the Justice Department said on Friday. In its complaint, filed in U.S. District Court for the District of Columbia, the department alleged a scheme

Premium Content