Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
TotalEnergies has completed the transfer of its 10% Arctic LNG 2 stake to Novatek subsidiary NordLine, formally exiting the project while retaining rights to about $1.3 billion in shareholder loan repayments.
Read MessageOvintiv has entered more than 60 transactions totaling about $460 million this year to add 41,000 net acres and 240 drilling locations across its Permian and Montney positions.
Read MessageThe Transocean Equinox semisubmersible spudded the Juliet-1 exploration well on 22 August 2026, the latest well in Amplitude Energy’s East Coast Supply Project (ECSP) campaign offshore Victoria, Australia. Juliet-1 is located in permit VIC/L24 in Commonwealth waters, adjacent to the existing Casino, Henry, Netherby (CHN) pipeline system, and is targeting the Waarre C reservoir. The...
Read MessageEni CEO Claudio Descalzi outlined plans to drill 30 exploration wells and 200 development wells across Egypt during a meeting with Egyptian President Abdel Fattah El-Sisi in New Alamein on 25 August 2026. The drilling program will focus on the Mediterranean and Western Desert, with exploration and development activity extending into 2026 and 2027 across...
Read MessageWell-Safe Solutions signed a strategic partnership agreement with NMC Energy to support ongoing decommissioning operations, including the recently awarded Apache Beryl and Forties well decommissioning contracts, and to pursue future project collaboration. The two companies will provide operators with subsea and platform interface services, including pipeline and flowline flushing, platform integration of decommissioning equipment such...
Read MessageSpirit Energy completed a $55 million decommissioning campaign in the UK Southern North Sea, plugging and abandoning three subsea wells between April and July 2026. The campaign covered the Seven Seas and Grove G5 production wells and the Grove Deep exploration well, and involved more than 30 UK supply chain partners, including DeepOcean and Well-Safe...
Read MessagePetrobras’ P-80 and P-82 FPSOs are preparing to sail for the Búzios field, where the two high-capacity units will add a combined 450,000 bpd and increase the field’s installed production capacity by about 34%.
Read MessageTDI-Brooks has completed a geophysical and geotechnical survey for a marine cable route in Alaska’s Valdez Arm, using its Gravity CPT Stinger system to assess seabed conditions and potential installation challenges.
Read MessageAn oil tanker was struck by an unidentified projectile in the Strait of Hormuz, keeping alive risks deterring vessesl from the vital energy corridor.
Read MessageEurope’s gas stores are historically low for this time of year, as disrupted Middle East LNG flows raise the risk of sharply higher prices this winter.
Read MessageU.S. and Russia are competing to assert dominance in the world's third largest energy market.
Read MessageTechnip Energies has secured a detailed engineering contract from L&T for a major ADNOC Offshore project in the UAE covering new offshore facilities and modifications to existing infrastructure.
Read MessageThe Energy Workforce & Technology Council has appointed Bob McGowan, Kirk Ginn and Ryan Tull to three-year terms on its Advisory Board, adding expertise across energy services, workforce, equipment and capital markets.
Read MessageEni and partners bp and EGPC are targeting an FID within months for the 2-Tcf Denise West gas discovery offshore Egypt, with first gas planned in less than two years as Eni expands drilling across the country.
Read MessageEco Atlantic and Navitas Petroleum estimate Block 1 CBK offshore South Africa contains more than 3.6 Bbbl of unrisked prospective oil resources and approximately 4.5 Tcf of prospective gas.
Read MessageAker BP started production from the Skarv Satellite Project, comprising the Alve Nord, Idun Nord and Ørn fields in the Norwegian Sea, one year ahead of the original schedule. Each field has been developed as a separate subsea development, with a subsea template and two wells tied back to the Skarv FPSO. The three developments...
Read MessageEON Resources spudded the first of a planned 92 horizontal wells on 24 August 2026 in the Grayburg-Jackson Field in Eddy County, New Mexico. The well is the first of three being drilled under a farm-out agreement covering the San Andres interval, signed 9 September 2025 between EON subsidiary LH Operating and a subsidiary of...
Read MessageSLB has launched two artificial lift technologies for U.S. land operations, targeting rod-pump wear and gas-lift optimization, with field deployments of its Synthetix system showing production efficiency improvements of 10%–20%.
Read MessageBy Linda Hsieh, Editor & Publisher At the recent Spark Tank event held by the IADC Advanced Rig Technology (ART) Committee on 28 July, AI dominated the conversation. Four emerging companies, startups and/or entrepreneurs were invited to pitch their products and ideas to a panel of “sharks” – representatives from an operator, a drilling contractor,...
Read MessageBy Stephen Whitfield, Senior Editor Geothermal wells face well control challenges different from those seen in oil and gas operations, primarily due to extreme temperatures, highly fractured abrasive rock formations and the rapid flashing of superheated water into expanding steam if hydrostatic pressure drops. This rapid flashing of steam, also known as an aquathermal event,...
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