Oil & Gas 360 – Oil & Gas 360

WhiteHawk Energy to acquire 500-producing-well Haynesville mineral portfolio

March 2, 2026

(World Oil) – WhiteHawk Energy, LLC has entered into a definitive purchase and sale agreement to acquire natural gas mineral and royalty interests covering approximately 150,000 gross unit acres in the core of the Haynesville shale in Louisiana and East Texas. The assets include interests associated with roughly 500 producing natural gas wells and approximately 1,000 wells-in-process, permitted wells and undeveloped drilling locations. The

BlackRock, EQT to acquire AES Corp. in $33.4B deal

March 2, 2026

(Oil Price) – A consortium led by BlackRock’s Global Infrastructure Partners (GIP) and U.S. gas giant EQT Corp. (NYSE:EQT) have agreed to acquire global power utility, AES Corp. (NYSE:AES), for $15 per share in cash, totaling an enterprise value of approximately $33.4 billion. The deal, which includes major pension and investment funds, represents a ~40% premium for AES shares and includes the assumption of debt with a

LNG shutdowns and refinery halts complicate global energy outlook

March 2, 2026

(World Oil) – The turmoil unfolding in the Middle East is sparking the biggest disruption to oil and natural gas markets since Russia’s invasion of Ukraine in 2022. Qatar shut down the world’s largest LNG export facility, Saudi Arabia suspended operations at its biggest oil refinery and tanker traffic through the crucial Strait of Hormuz has all but halted. And it’s only Day 3. U.S. President Donald Trump

Chevron declares force majeure as Israel shuts Leviathan gas field

March 2, 2026

(Oil Price) – Chevron has declared force majeure at Israel’s Leviathan natural gas field after the government ordered a temporary suspension of production on security grounds, marking the second time in less than a year that hostilities with Iran have disrupted Eastern Mediterranean gas flows. Israel’s energy ministry directed operator Chevron to shut in Leviathan following joint U.S.-Israeli strikes on Iran

South Bow plan to revive parts of Keystone XL needs Trump approval, US oil pipeline links

March 2, 2026

(BOE Report) – A proposal led by Canadian company South Bow to revive parts of the cancelled Keystone XL oil pipeline could increase Canada’s crude exports to the U.S. by more than 12%, if it gets a green light from U.S. President Donald Trump and additional links to U.S. refining hubs are built. The new proposal involves a different route

Israel halts Leviathan, Karish gas fields after Iran strikes

March 2, 2026

(World Oil) – Israel ordered the temporary shutdown of some natural gas fields after launching an attack on Iran in a joint operation with the U.S. The halt is a security measure, the Energy Ministry said in a statement, without specifying the fields affected. Energean Plc, the operator of the Karish deposit, said it had been instructed to suspend production.

Oil prices spike after Middle East conflict stokes supply shock jitters

March 2, 2026

(Investing) – Oil prices rose sharply Monday on concerns of increasing supply disruptions after the U.S. and Israel launched a wave of attacks against Iran. At 11:23 ET (16:23 GMT), Brent oil futures surged 6.8% to $77.80 a barrel, after earlier climbing to its highest level since January 2025, while West Texas Intermediate crude futures rose 5.7% to $70.85 a barrel, just below its highest

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 had an increase of 1 this week, at 585- 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,

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