Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
U.S. officials say military operations against Iran are targeting positions near the Strait of Hormuz, a key global oil chokepoint, as escalating conflict raises risks to crude flows and keeps energy markets on edge.
Read MessageCorporate executives are not panicking over a short-term increase in oil prices and Strait of Hormuz closure, but patience may wear thin in a matter of weeks.
Read MessageThe president's unprecedented use of executive power has made him a driving force behind oil prices, the Federal Reserve's interest rates and more.
Read MessageIraq has declared force majeure on foreign-operated oilfields after Strait of Hormuz disruptions halted crude exports, Reuters reported, forcing sharp production cuts and tightening global supply amid escalating regional conflict.
Read MessageBrazil President Luiz Inácio Lula da Silva said Petrobras and Pemex could partner on deepwater oil exploration in the Gulf of Mexico, as Mexico seeks to revive production and Petrobras looks to expand internationally.
Read MessagePresident Donald Trump said the U.S. was 'obliterating' Iran in the conflict.
Read MessageA new high-resolution offshore seismic dataset covering 7,300+ km in Equatorial Guinea has been released, leveraging advanced PSDM and FWI imaging to support exploration and de-risk prospects ahead of the EG Ronda 2026 licensing round.
Read MessageDHL is expanding its North America data center logistics network with 10 new sites and over 7 million sq ft of capacity, supporting hyperscale AI infrastructure growth with specialized handling, transport and global supply chain integration.
Read MessageArrow Exploration is preparing further drilling activity in Colombia following results from its Mateguafa 11 (M-11) well, which encountered oil-bearing sands and extended the Mateguafa Attic structure. The M-11 well was drilled to a total measured depth of 11,455 ft (9,328 ft TVD) and identified hydrocarbons in the C7 and C9 Carbonera formations, with 18...
Read MessageVision Oil and Gas acquired 320 gas wells in the Anadarko basin and 114 oil wells across multiple Permian counties, marking its first significant move into the Mid-Continent region. The Anadarko assets are located across Lipscomb, Roberts, Hansford and Ochiltree counties, while the Permian additions span Reagan, Reeves, Ward, Mitchell and Cochran counties. The transaction...
Read MessageCNOOC appointed Huang Yongzhang as Vice Chairman, Executive Director, CEO and President. Mr Huang will also serve as a member of the company’s Strategy and Sustainability Committee, adding to his executive responsibilities. Born in 1966, Mr Huang is a professor-level senior engineer with a Doctor of Science degree and brings extensive experience across international upstream...
Read MessageArcius Energy, a joint venture between ADNOC and BP, is preparing to drill two exploratory gas wells offshore Egypt as part of a new campaign aimed at expanding activity in the country’s Mediterranean acreage. The program will target the Atoll West and Nofret prospects, with drilling set to be carried out by the Valaris DS-12...
Read MessageEni is preparing a multi-well offshore drilling campaign in Indonesia as part of the development of its deepwater gas hubs in the Kutei basin, with plans calling for 23 producing wells across two project areas. The drilling program will target the Gendalo–Gandang (South Hub) and Geng North–Gehem (North Hub) developments offshore East Kalimantan, forming the...
Read MessageThe Energean–ExxonMobil–HELLENiQ joint venture will continue exploration activities in Greece’s offshore Block 2, marking the start of the concession’s second exploration phase, according to the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA). The new phase includes the obligation to drill one exploration well as part of the minimum work program, representing a key step...
Read MessageA Bain & Company survey of 800+ executives shows energy leaders divided on transition investments and peak oil timing, as policy uncertainty, rising costs and AI-driven power demand reshape capital allocation across oil, gas and utilities.
Read MessageAttacks on Qatar’s Ras Laffan hub have removed nearly 20% of global LNG supply, with Wood Mackenzie warning the disruption could last months—or longer—tightening markets, delaying new capacity and reshaping global gas flows.
Read MessageNorth Africa’s growing electricity infrastructure and cross-Mediterranean interconnectors are emerging as a new energy link to Europe, complementing LNG and pipeline gas supplies as the region seeks diversified, lower-carbon energy sources.
Read MessageThe IEA warns of "the largest supply disruption in the history of the global oil market" due to the conflict in the Middle East.
Read MessageThe fuel-starved Caribbean island is facing its biggest test since the collapse of the Soviet Union under a U.S. oil blockade.
Read MessageAutomation powered by machine learning was a recurring theme on day one of IADC/SPE International Drilling Conference and Exhibition 2026, hosted this year in Galveston, Texas. As operators across the drilling value chain seek greater efficiency, A.I. and its many applications in automation offer a path to a new era of energy efficiency.
Read Message