How investors could benefit from Costco building its first standalone gas station
The added convenience and visible gas savings could "attract new members" to Costco and retain the ones it has, Jim Cramer says.
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Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Interior’s Burgum sees U.S. energy agenda proceeding as planned
At CERAWeek, Interior Secretary Doug Burgum reinforced the Trump administration’s “energy dominance” agenda, emphasizing faster permitting, expanded domestic production and stronger global energy alliances as geopolitical tensions reshape supply dynamics.
Read MessageIran plans to charge ships for safe passage through Strait of Hormuz, report says
Officials in Tehran have drafted legislation to create a toll system where ships pay for safe passage through the waterway, Iranian media reported.
Read MessageThe oil market is in 'backwardation' — Here’s what that means for energy prices
Oil prices have been rocked by volatility since the U.S.-Iran war began.
Read MessageOil prices rise as Iran rejects direct U.S. talks despite proposal review
Oil prices rose after Iran signaled it had no intention of holding direct talks with the United States.
Read MessageCERAWeek Day 3: EPA’s Zeldin announces fuel waiver to improve U.S. gasoline supply
At a press briefing during Wednesday morning at CERAWeek by S&P Global 2026, U.S. EPA Administrator Lee Zeldin announced a nationwide fuel waiver as a means of ensuring that Americans have stable, plentiful gasoline supplies. The waiver is set to take effect on May 1.
Read MessageSLB, NVIDIA expand partnership to deploy AI infrastructure for energy industry
SLB and NVIDIA are expanding their collaboration to develop AI infrastructure, modular data centers and domain-specific models aimed at scaling digital and operational performance across the energy industry.
Read MessageSierra Leone promotes offshore licensing, upstream potential at Paris energy forum
Sierra Leone is promoting its offshore oil and gas potential to investors ahead of a new licensing round, highlighting deepwater exploration opportunities and growing interest in West Africa’s emerging upstream sector.
Read MessagePetrobras awards Foresea long-term drillship contract for Mero field offshore Brazil
Foresea has secured a $465 million contract from Petrobras to operate the ultra-deepwater drillship ODN I offshore Brazil, supporting development activity in the Mero field.
Read MessageSaudi Arabia ramps Yanbu exports toward 5 MMbpd as Hormuz disruption forces rerouting
Saudi Arabia is ramping crude exports from its Yanbu terminals on the Red Sea, targeting 5 MMbpd as it diverts flows away from the disrupted Strait of Hormuz using the East-West pipeline.
Read MessageNigeria fast-tracks permits to revive idle oil wells, boost production
Nigeria is fast-tracking permits to revive idle oil wells, cutting approval times to hours as operators move to boost production and capitalize on stronger crude prices.
Read MessageConocoPhillips CEO warns supply losses, infrastructure gaps will drive higher oil prices
“You just can’t take 8-to-10 MMbpd off the market, and 20% of LNG supply, and not expect instability,” ConocoPhillips Chairman and CEO Ryan Lance said on Tuesday at CERAWeek by S&P Global, underscoring the scale of the current supply shock hitting global energy markets.
Read MessageOGDCL brings Pasakhi-13 horizontal well online in Pakistan
OGDCL started production from the Pasakhi-13 development well in Sindh province, marking the company’s first successful horizontal oil well in a clastic reservoir. The well, located in District Hyderabad, is producing approximately 460 bbl/d from the lower Goru A sand, part of the Pasakhi & Pasakhi North Development and Production Lease, where OGDCL holds a...
Read MessageBengal plans Ramses 2 well test in Cooper basin under funding deal
Bengal Energy signed a non-binding letter of intent with an Australian energy services company to fund and execute a production test on the Ramses 2 oil well in the Cooper basin, Queensland. The program will target the Jurassic Poolowanna formation in the currently shut-in well, which previously tested at an extrapolated rate of 588 bbl/d...
Read MessageOil giants raise the alarm over energy shortages as Iran war drags on
Shell CEO Wael Sawan warns Europe will be next to face an energy supply crunch.
Read MessageAI integration calls for focus on human element, systems-based thinking
AI’s explosive growth is presenting both massive opportunities and strategic challenges for the drilling industry. One of those challenges, says David Reid, Chief Technology Officer and Chief Marketing Officer at NOV, is how to integrate the human into the loop along with AI. Speaking with DC on 16 March, Mr Reid highlighted how drillers can...
Read MessageData mesh architecture can help decentralize data ownership, maximize value
When it comes to receiving and transmitting field data into storage and analytics systems, the workflow around that process is often overlooked, says Moray Laing, Director of Rig Systems and Automation at Halliburton. That can lead to inefficient sorting and loss of data value. In this video from the 2026 IADC/SPE International Drilling Conference in...
Read MessageCompany culture remains key ingredient to successful innovation
Companies must have the right culture in order to successfully and efficiently adopt new and innovative drilling systems, said Eric Kolstad, Executive VP of Drilling at Caturus Energy. This means having complete alignment on the expectations for new technologies, set from senior leadership and disseminated to the entire organization. Without this, new technologies have no...
Read MessageAI-enabled shale shaker system aims to boost wellbore stability management capabilities
Drilling engineers rely on hydraulic models and drill cuttings transport models to measure hole-cleaning performance. However, these models can become more inaccurate as well depth increases, which can lead to costly nonproductive time (NPT) or stuck pipe incidents. CleanSight, an automated shale shaker monitoring system from DrillDocs, uses industrial cameras embedded with edge computing servers...
Read MessageCloud application automates reporting for drilling, completions, workovers on single platform
Mi4’s RigReports, a cloud-based software-as-a-service application, allows operators to manage daily drilling reports, such as the IADC DDR, alongside completions, workover and facility job data. By centralizing these reports in one space, the application helps operators reduce administrative burdens and bolster performance efficiencies, said Talal Nehme, President and CEO of Mi4. DC spoke with Mr...
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