Market Prices
WTI Oil $92.60 +0.19 Natural Gas $3.20 −0.10 Brent Oil $105.28 +0.96
Settlement Sep 28, 2026
LMJ Land Services

Industry Reports

Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.

DCCC launches geotargeted digital ad campaign hitting GOP for gas prices

 Democrats have seized on the economic disruption of the Iran war to hammer Republicans over high costs ahead of the 2026 midterm elections. ​   

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Britain responds to Iran war energy shock by requiring solar panels and heat pumps in all new homes

 The move comes as part of Britain's response to the Iran war, with the conflict triggering the largest supply disruption in the history of the oil market. ​   

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Oil rises with Brent crossing $100 a barrel again as Middle East tensions keep traders on edge

 Trump's statement sent oil lower, while equities jumped. Still, the recovery on Tuesday suggests lingering skepticism over Trump signaling a de-escalation. ​   

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ADNOC CEO calls Hormuz disruption “economic terrorism” threatening global energy supply

ADNOC CEO Sultan Al Jaber warned that disrupting the Strait of Hormuz amounts to “economic terrorism,” as attacks on energy infrastructure and shipping lanes threaten global oil and gas flows and drive market volatility.  

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CERAWeek Day 1: Meeting energy needs in complex markets

CERAWeek opened with a clear message: meeting global energy demand will require a balanced mix of fuels, faster permitting and continued innovation. Industry leaders, including Chevron’s Mike Wirth, emphasized supply constraints, geopolitical risks and the growing role of AI in optimizing operations.  

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CERAWeek Day 1: DOE’s Wright clarifies and expands on U.S. energy direction

On Day 1 of CERAWeek, U.S. Energy Secretary Chris Wright outlined a policy shift focused on expanding domestic production, accelerating LNG exports and deploying strategic reserves, as Washington moves to stabilize markets amid geopolitical tensions and rising global energy demand.  

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China sees long lines at the gas pump as Mideast turmoil hits

 The China state refiner issued a notice Sunday that the price of gas will be set higher by a "meaningful" amount starting March 24. ​   

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TotalEnergies released from $1-billion U.S. offshore wind leases, pivots to oil and gas

TotalEnergies is exiting $1 billion in U.S. offshore wind leases and redirecting capital toward LNG and oil investments, signaling a policy-driven shift in energy priorities as Washington pushes for expanded fossil fuel development.  

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ADNOC CEO calls Hormuz disruption “economic terrorism” threatening global energy supply

At CERAWeek, ADNOC CEO Sultan Al Jaber warned that disrupting the Strait of Hormuz amounts to “economic terrorism,” as attacks on energy infrastructure and shipping lanes threaten global oil and gas flows and drive market volatility.  

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AI anomaly detection gains traction offshore as Aker BP deploys Cognite–NVIDIA solution

Cognite and NVIDIA are deploying NV-Tesseract AI models with Aker BP to enhance anomaly detection and predictive maintenance across offshore operations, enabling earlier fault detection, reduced downtime and improved asset reliability in oil and gas.  

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Saipem’s FlatFish drone cleared for offshore deployment after Petrobras testing

Saipem’s autonomous underwater inspection drone FlatFish completed a key testing phase under its contract with Petrobras, clearing the way for offshore deployment in Brazil’s ultra-deepwater fields. FlatFish is a hybrid, fully autonomous underwater vehicle developed under Saipem’s Hydrone robotics program, designed to perform complex inspection tasks at depths of up to 3,000 m. The milestone...

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Aker BP, Armada to deploy offshore data center to support real-time drilling operations

Aker BP entered into an agreement with Armada to deploy a modular data center on an offshore drilling rig on the Norwegian Continental Shelf, enabling real-time processing and analysis of drilling data directly at the wellsite. Under the agreement, Armada will deliver its Galleon modular data center, designed for offshore conditions, to support local compute...

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Vallourec secures CCS contract with BP Berau in Indonesia

Vallourec signed a contract with BP Berau to supply premium Corrosion Resistant Alloy (CRA) pipes and VAM connections for the development of the Tangguh project, the first Carbon Capture and Storage (CCS) offshore project, in Papua Barat province, Indonesia. Vallourec will also provide its Tubular Management Services and VAM Field Service, delivering technical support throughout...

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2026 IADC/SPE International Drilling Conference, 17-19 March 2026, Galveston, Texas

Returning to Galveston, Texas for its 2026 edition, the IADC/SPE International Drilling Conference and Exhibition was developed by the industry for the industry and is the perfect forum to learn, network, and showcase. This conference brought together energy professionals, environmental engineers, operator companies, contractor firms, and service companies to address challenges and deliver improved performance...

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McDermott vessels earn ISO 50001 certification for offshore energy efficiency

McDermott has achieved ISO 50001 certification for three flagship vessels, marking a step forward in offshore energy efficiency and fleet decarbonization as operators push for lower-emissions project execution.  

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Aker BP, Armada to deploy offshore modular data center for AI-driven drilling operations

Aker BP and Armada will deploy a modular offshore data center on the Norwegian Continental Shelf, enabling real-time AI-driven drilling analytics, improved operational resilience and reduced downtime through localized data processing and edge computing.  

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Oil prices plunge on Trump Iran talks as Hormuz disruption roils markets

Oil prices plunged after President Trump signaled potential talks with Iran, though disruptions in the Strait of Hormuz continue to constrain global supply, keeping markets volatile despite hopes for a near-term de-escalation.  

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Aramco CEO withdraws from CERAWeek amid Hormuz-driven supply disruptions

Aramco’s CEO has pulled out of CERAWeek as the Middle East conflict intensifies, highlighting the growing strain on oil supply, export routes and global markets tied to disruptions in the Strait of Hormuz.  

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More than 40 Middle East energy assets ‘severely damaged,’ IEA chief says

 The IEA’s Fatih Birol warned that damage to energy infrastructure across the Middle East would take some time to repair. ​   

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Oil prices rise as Trump’s Hormuz ultimatum and Iran threats keep markets on edge

 Fears over a prolonged disruption in the Strait of Hormuz have kept investors on edge as oil prices swung in volatile trading Monday. ​   

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