Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Zion Oil & Gas finished drilling and casing the horizontal section of its Megiddo-Jezreel #2 (MJ-02) well onshore Israel, reaching the planned lateral target. The company will begin the stimulation, testing and completion phase of the well. Equipment needed for the stimulation program is being shipped to Israel, and a small crew will remain onsite...
Read MessageTamarack Valley Energy and Headwater Exploration will combine in a US$7.2-billion (C$10 billion) all-stock deal, creating a major Canadian oil producer with more than 80,000 boed of run-rate production and over 300 MMboe of 2P reserves.
Read MessageMcDermott has won a substantial subsea contract from Eni for the Cronos gas field development offshore Cyprus, with the company classifying the award at between $500 million and $750 million.
Read MessageCanada had condemned Iran’s "destabilizing actions" in the Middle East, saying that it would work with partners to maintain significant pressure on Iran.
Read MessageOil prices rose Tuesday on worries over escalating Mideast tensions after the U.S. and Iran traded strikes over the weekend.
Read MessageDepleted oil and gas reservoirs and existing infrastructure across Africa could provide the foundation for a growing CCS industry, creating new value from upstream assets while supporting lower-emissions hydrocarbon production.
Read MessageBrent crude approached $98/bbl as Chinese buying returned to the market and global inventories tightened, with renewed Middle East attacks adding momentum to a rally that has lifted oil roughly 60% this year.
Read MessageArgentina is stepping up pressure over offshore oil development around the Falkland Islands as first production approaches, with Halliburton, SLB and Baker Hughes confirming they have no involvement in oil projects there.
Read MessageKistos has taken ownership of producing Blocks 3 and 4 onshore Oman from Mitsui, marking its entry into the MENA region as its broader $148 million acquisition of three Oman blocks advances.
Read MessageDecom Engineering has secured nine mooring chain projects in 2026, with two-thirds supporting offshore installation campaigns as the company expands its cutting technology beyond decommissioning.
Read MessageRenewed attacks between the adversaries in the Iran war pushed oil prices up on Monday.
Read MessageWith elevated prices for crude oil, a major component of gasoline, the price at the pump is higher than it's ever been for the holiday weekend.
Read MessageExxonMobil will take operatorship of the Papua LNG project as it moves toward FID, with design optimization and EPC rebidding cutting estimated development costs by nearly $4 billion to about $14 billion.
Read MessagePETRONAS is adding agentic AI capabilities to its myPROdata platform to accelerate analysis of Malaysia’s exploration and production opportunities and support upstream investment decisions.
Read MessageIran said it targeted three oil tankers and several U.S.-linked vessels in retaliation for American strikes on three Iranian crude tankers, marking a new escalation in the ongoing conflict.
Read MessageOPEC+ will keep oil production quotas unchanged in October as the Iran war and Strait of Hormuz disruptions continue to constrain Middle East exports, shifting the group’s focus toward 2027 production limits.
Read MessageIran warned of faster, heavier retaliation against U.S. attacks while acknowledging the war’s mounting toll on its economy.
Read MessageThe deal comes eight months after Washington ousted former President Nicolás Maduro in a military raid.
Read MessageTreasury Secretary Scott Bessent says oil could fall as low as $40/bbl after the Iran war ends, predicting a heavily oversupplied crude market as new production comes online.
Read MessageIndonesia Energy discovered good quality oil during testing operations at its newly drilled K-29 well at the Kruh Block on the island of Sumatra, Indonesia, the company said 2 September 2026. K-29 was spud 25 July 2026 and reached a total depth of 3,378 ft. Production operations at K-29 are expected to begin within the...
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