Oil and Gas This Week | March 2, 2026 | Ep 397

This episode of Oil and Gas This Week addresses current events impacting the energy sector, beginning with a breaking news update on a US-Israeli assault on Iran and its potential effects on global oil and commodity prices. The hosts then discuss corporate activities, including Novus Consulting's acquisition of Magnum Forge and Presidio Petroleum's plans to go public, highlighting a trend of companies optimizing low-production assets. The episode also covers international developments such as Washington's move to restart Venezuelan oil production, Kuwait seeking foreign investment for offshore field development, and tensions in the Strait of Hormuz. Furthermore, Equinor's strategic shift in Argentina, Texas' steady upstream employment, ExxonMobil's Baytown expansion for synthetic motor oil feedstock, and efforts to revive refineries in Trinidad & Tobago are examined. The episode concludes with positive news from Mozambique's LNG sector and ExxonMobil's STEM education investment in Guyana.