Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
ExxonMobil Guyana is continuing developmental drilling operations at the Whiptail Project’s WT_4i04A drill center within the Stabroek Block, offshore Guyana. The MODU Noble Bob Douglas is carrying out the drilling, with operations set to run through 30 September 2026. The WT_4i04A drill center sits about 110.85 nautical miles off the coast of Guyana within the...
Read MessageThe Alaska Department of Natural Resources’ Division of Oil and Gas cleared Hilcorp Alaska to drill two new wells on two pads at its Pretty Creek unit on the west side of Cook Inlet. In related approvals, the Alaska Oil and Gas Conservation Commission issued drilling permits for the Pretty Creek Unit 06 and 06A...
Read MessageBaker Hughes secured a contract from BP to provide offshore stimulation services across the operator’s UK North Sea operations. The award covers both new well development and enhanced recovery from mature fields. Baker Hughes will deploy a vessel-based stimulation solution built around its StimFORCE modular stimulation package to support well completions and production enhancement activities....
Read MessageTotalEnergies completed its entry as operator of Namibia’s PEL83 license, home to the giant Mopane discovery, and said it will begin an appraisal campaign of three wells at the discovery as early as H2 2026. The company is targeting FID on the project in 2028. The completed transaction saw TotalEnergies acquire a 40% operated interest...
Read MessageThe UK government is reportedly poised to approve Jackdaw, prompting Aberdeen energy leaders to call for swift action on Rosebank and tax reforms to help restore investment in the North Sea.
Read MessageBaker Hughes has secured a contract from bp to provide vessel-based well stimulation services across its UK North Sea operations, supporting new well development and enhanced recovery from mature fields.
Read MessageHigher prices come as Ukraine pounds Russian refineries, forcing Moscow to ban diesel exports.
Read MessageArgentina's President Javier Milei has renewed the country's claim to the Falkland Islands and threatened sanctions on oil companies.
Read MessageThe bloc's endorsement came as the Group of 20 finance ministers and central bank governors gathered in Asheville, North Carolina, earlier this week.
Read MessageFreedom Fuel won free publicity when President Donald Trump urged other gas retailers to emulate its low prices in July.
Read MessageThe IADC Drilling Engineers Committee held its Q3 2026 tech forum on the afternoon of Wednesday, 2 September, at Eureka Heights Brew Co. in Houston, Texas. Drinks and light bites were enjoyed, sponsored by Weatherford and Stasis Drilling. *IADC and Drilling Contractor provides authorization for these photos to be used only on social media. All...
Read MessageGuyana's oil production has climbed above 900,000 bpd and could approach 1.7 MMbpd by the end of the decade, as the country looks to continued offshore exploration and broader energy investment to drive its next phase of growth.
Read MessageVenezuela could increase oil production to as much as 2 MMbpd within five years if planned investment materializes, according to analysts, as Chevron, Eni and other producers move to expand operations in the country.
Read MessageVector Geophysical has purchased 30,000 STRYDE seismic nodes to expand high-density exploration surveys in Colombia, with the equipment set for its first deployment on a Parex Resources project.
Read MessageThe Texas Railroad Commission will use satellite ground-motion data integrated with subsurface injection information to strengthen monitoring of underground injection activity across the Permian basin.
Read MessageTotalEnergies has completed its acquisition of a 40% operated interest in Namibia’s PEL83 license, taking operatorship of the giant Mopane discovery ahead of a three-well appraisal campaign and targeted 2028 FID.
Read MessageRH Petrogas confirmed strong gas and condensate deliverability, along with an unexpected oil discovery, from well testing at the Northwest Klagagi-1 (NWK-1) well in the Kepala Burung production sharing contract in Southwest Papua, Indonesia. The well was drilled by the company’s 82.65%-owned subsidiary Petrogas (Basin) and was designed to both develop known gas and condensate...
Read MessageBaker Hughes signed a multi-year contract with OGDCL to maximize production performance from OGDCL’s mature oil and gas fields in Pakistan. The agreement builds on a decades-long relationship between the two companies and supports Pakistan’s efforts to source more of its energy from domestic resources. Baker Hughes will evaluate more than 120 wells across OGDCL’s...
Read MessageOil prices have gained more than 7% this week The U.S. and Iran have traded military strikes this week for the first time since July.
Read MessageEnQuest CEO Amjad Bseisu told CNBC the company is interested in BP’s U.K. North Sea assets as the oil major explores a sale of the business.
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