Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Apexindo won a new contract from PT Pertamina Hulu Mahakam for offshore drilling in the Mahakam Delta region of East Kalimantan. The contract was signed on 18 August 2026 and covers the 1982-built semisubmersible barge Yani. The company said the contract is estimated at $74.3 million, with a firm term of two years and an...
Read MessageThe Alaska Department of Natural Resources’ Division of Oil and Gas approved a unit plan of operations amendment for Hilcorp Alaska on 18 August 2026, clearing the company to drill three grassroots wells on K Pad in the Beluga River unit. Hilcorp filed the amendment application on 4 August, proposing the wells to increase gas...
Read MessageXRF-FI.ai, powered by NPTLabs, and WellSoft have partnered to connect real-time drilling-fluid measurement with wellbore damage modeling. The companies said the collaboration is intended to give operators earlier insight into whether fluid conditions during drilling could affect well productivity or injectivity. XRF-FI.ai’s technology measures drilling-fluid composition using X-ray fluorescence, particle size analysis and rheology, tracking...
Read MessageSince 1996, the SPE/IADC Asia Pacific Drilling Technology Conference and Exhibition has established itself as the region’s leading drilling event. Rotating biennially within Asia Pacific, it provides the opportunity for operators, suppliers, contractors and service company professionals to meet, discuss, evaluate and share ideas to advance drilling operations, promote solutions to common problems and improve...
Read MessageAquaTerra Group is seeing record demand across North Sea decommissioning, integrity and late-life maintenance projects, with more than 150 personnel offshore and over 200 equipment kits currently on hire.
Read MessageIt comes weeks after Romania’s Air Force destroyed a Russian drone in its airspace.
Read MessageOil prices eased Friday but remained on track for a second straight weekly gain as hopes of a swift reopening of the Strait of Hormuz faded to near-zero.
Read MessageVance said "what has been true over the last couple of weeks is they felt a lot more pressure than we have."
Read MessagePermian electricity demand is soaring as producers electrify drilling and completions, with Diamondback Energy expecting its own power needs to double over the next decade even if production remains flat.
Read MessagePT Pertamina Hulu Energi (PHE), the upstream oil and gas arm of Pertamina, Indonesia’ s state-owned energy company, is working under a government mandate to boost oil and gas production in order to meet the country’s growing energy needs. As Vice President of Drilling & Well Intervention for PHE, Fata Yunus said he’s focused both...
Read MessageWith a fleet of 58 rigs – 53 land rigs, three jackups and two offshore workover rigs – Pertamina Drilling Services Indonesia (PDSI) is constantly searching for new ways to maximize the value of those assets. This includes an ongoing digital transformation of its fleet capabilities, as well a growing focus on offering integrated well...
Read MessageTransocean secured a two-year binding letter of award for its ultra-deepwater drillship Dhirubhai Deepwater KG2 from India’s Oil and Natural Gas Corporation (ONGC). The program is set to begin in Q1 2027 and is estimated to contribute approximately $300 million in contract value, including additional services and mobilization fees. The award includes two years of...
Read MessageDolphin Drilling extended the contract for its semisubmersible Blackford Dolphin with Oil India Limited to 15 October 2026. The extension will allow completion of drilling, testing and abandonment work at locations east of India, under the same terms and scope of work as the existing contract. The 1974-built rig began its long-term exploration campaign with...
Read MessageArabian Drilling signed a contract with Masirah Oil and Northern Offshore on 17 August 2026 to drill two firm wells and two optional wells offshore Oman, marking the Saudi contractor’s entry into a new GCC market. Operations are set to begin before the end of Q3 2026 and the contract will conclude upon completion of...
Read MessageAnadarko Peru, a subsidiary of Occidental Petroleum, informed Peru’s state hydrocarbons agency Perupetro that it will advance to the third exploration period for its offshore Trujillo Basin blocks, a phase that includes drilling its first exploration well in Block Z-62 in 2027. Anadarko operates Blocks Z-61, Z-62 and Z-63, located in water depths ranging from...
Read MessagePetrobras signed a contract with Halliburton for the drilling and completion of four onshore wells at the Barra do Furado Station in Quissamã, Rio de Janeiro state, for the São Tomé CCS Pilot Project. The well program comprises one vertical injection well and three directional monitoring wells. Drilling, completion and associated infrastructure are set to...
Read MessagePetrobras and Pemex are evaluating high-risk pre-salt exploration opportunities offshore Mexico, applying Petrobras’ deepwater expertise to Jurassic source rocks beneath the Gulf of Mexico.
Read MessageTransocean has secured a two-year binding award with ONGC for the Dhirubhai Deepwater KG2 in India, adding approximately $300 million in contract value with options that could extend the drillship’s campaign into early 2031.
Read MessageDeepOcean has completed subsea construction and tie-in work for the Teal West development in the UK North Sea, connecting the field to the existing Anasuria FPSO using diverless subsea technology.
Read MessageContinental Resources has agreed to acquire FireBird Energy II, adding approximately 32,000 boed and 54,000 net Midland basin acres as the operator continues a Permian expansion that has increased its acreage by more than 40% in 14 months.
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