Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
U.S. forces completed another wave of strikes against Iran on Tuesday stateside, hitting multiple Islamic Revolutionary Guard Corps sites across the country.
Read MessageComstock Resources has announced a $1.65 billion strategic partnership with SOCAR and a $450 million drilling venture with Jerry Jones to accelerate development of its Legacy and Western Haynesville natural gas assets.
Read MessageWeatherford has completed its acquisition of NCS Multistage, adding well completions and reservoir diagnostics technologies while strengthening its oilfield services portfolio in North America and other markets.
Read MessageA new U.S.-Venezuela oil agreement covers 17 fields containing approximately 65 Bbbl of proven reserves, with North American Blue Energy Partners planning up to $100 billion in investment to expand Venezuelan oil production and infrastructure.
Read MessageTwo oil supertankers attempting to exit the Strait of Hormuz were reportedly struck by projectiles as renewed U.S.-Iran hostilities threaten a recent recovery in oil shipments through the critical waterway.
Read MessageChevron is nearing a deal to operate two giant oil fields holding billions of barrels of heavy oil in Venezuela’s Orinoco Belt, potentially marking a major expansion of the U.S. producer’s footprint in the country.
Read MessagePetroVietnam Drilling and Well Service PetroVietnam Exploration on 28 August 2026 to lease the IDUN jackup rig for the 2026 TL-WHP drilling program at Blocks 01/97 and 02/97 offshore Vietnam. PV Drilling will mobilize the IDUN rig from Borr Drilling to drill three wells at TL-WHP under the roughly 134-day program, which is set to...
Read MessagePredator Oil & Gas completed civil engineering work on the MOU-6 well pad in Morocco, moving the company closer to spudding the well under its rig contract with Intrepid Drilling. Explosives needed for the perforating guns used in well testing have also arrived at the Moroccan port of entry, which Predator called the most critical...
Read MessageValeura Energy accelerated the redevelopment of its Wassana field, on Block G10/48 in the Gulf of Thailand, moving up installation of a new central processing platform (CPP) by around two months. The company finalized the commercial arrangements needed to begin CPP installation in October 2026, after mechanical completion of the facility in the fabrication yard...
Read MessageThe PEL 93 joint venture, in which 88 Energy holds a fully earned 20% non-operated working interest, applied to enter the Second Renewal Exploration Period for its onshore license in Namibia’s Owambo Basin, commencing 3 October 2026. The proposed two-year work program includes preparation for and the drilling of at least one exploration well. The...
Read MessageAker Solutions’ board of directors appointed Paal Eikeseth as the company’s new president and CEO, effective 1 September 2026, succeeding Kjetel Digre, who decided to step down after six years in the role. Mr Eikeseth has headed Aker Solutions’ Life Cycle business segment since 2022 and previously held operational and growth responsibility across the UK,...
Read MessageIran launched an attack on two American bases in Jordan on Monday in retaliation for the U.S. attack on its Larak Island.
Read MessageVenezuelan interim authorities have granted North American Blue Energy Partners 100-year concessions for 17 oil fields, White House says.
Read MessageIndian PM Narendra Modi has urged Russia to end the Ukraine war and to cease hostilities.
Read MessageOil trading is becoming more accessible to individual investors as smaller futures contracts, ETFs and online brokerages lower longtime barriers to the market.
Read MessageThe White House says it is seeking near-term steps to boost refining capacity as affordability and gas prices loom over the midterm election.
Read MessageSLB will acquire thermal management provider Kelvion in a $4.1-billion deal, significantly expanding its data center infrastructure business as surging AI investment drives demand for cooling, power and integrated facility solutions.
Read MessagePeak hurricane season can leave offshore operators with little time to react. Predictive maintenance can identify equipment risks early, giving teams more time to protect production and avoid unplanned downtime.
Read MessageONGC plans to invest $736 million in a 13-million-bbl underground strategic crude storage project in southern India as the country looks to strengthen its defenses against oil supply disruptions.
Read MessageRanger Energy Services will acquire STEP Energy Services’ U.S. coiled tubing assets for $27.5 million, adding 13 coiled tubing spreads and significantly expanding its Permian and Bakken operations.
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