Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Continental 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.
Read MessageDeepOcean completed subsea construction and tie-in work at the Teal West development on the UK Continental Shelf for Anasuria. Teal West is an offshore oil and gas development project located in the Central North Sea, on the UK Continental Shelf. The field has been developed as a subsea tieback to the existing Anasuria FPSO. DeepOcean’s...
Read MessageOil moved higher early Thursday after U.S. President Donald Trump sharpened his rhetoric against Iran.
Read MessageSomali piracy incidents have resurged in the Red Sea region in recent times, especially since the U.S.-Iran war kicked off-major concern for shipping companies.
Read MessageCoreMarine has completed the disconnection of the Hilli Episeyo FLNG after eight years offshore Cameroon, beginning the 2.45-MMtpa vessel’s transition toward its next deployment supporting Argentina’s LNG export plans.
Read MessageConocoPhillips has achieved first oil ahead of schedule and under budget from its $800 million Coyote 3SX development in Alaska’s Kuparuk River Unit, with peak production expected to reach 12,000 bpd.
Read MessageSuper-laterals exceeding 15,000 ft accounted for 15% of new Permian well completions in 2025, according to the U.S. EIA, as operators increasingly use longer wells to boost production while keeping drilling activity relatively stable.
Read MessageDUG Technology and ACTeQ are integrating cloud-based 3D seismic modeling with the TesserACT survey design platform, allowing exploration teams to evaluate acquisition scenarios within a streamlined workflow.
Read MessageDNO will sell its Côte d’Ivoire oil and gas business to Panoro Energy for $86.5 million, divesting roughly 3,300 boed of production as it concentrates on its expanded North Sea portfolio.
Read MessageEquinor signed an agreement with Chevron to acquire a 17.4% participating interest in Petroleum Exploration License 90 in Namibia’s Orange Basin, marking the company’s first entry into the country. The deal was struck with Harmattan Energy, Chevron’s Namibian subsidiary, which held a 52.5% interest in the license before the transaction. PEL 90 covers Block 2813B...
Read MessageWashington and Tehran are considering next steps after negotiations fell apart, while the UAE has suspended trade with Iran.
Read MessageTGS will acquire another 1,020 km² of 3D seismic data offshore Sarawak as Malaysia targets new exploration plays and growing industry interest in the hydrocarbon-rich basin.
Read MessageA ship transiting the Strait of Hormuz has come under attack, resulting in one casualty among its crew.
Read MessageEcopetrol has completed its $1.2 billion acquisition of a controlling 51% stake in Brazil’s Brava Energia, which averaged 78,800 boed of production in first-half 2026 and holds 459 MMboe of proved reserves.
Read MessageMonumental Energy's application for 245 km² of exploration acreage in New Zealand's Taranaki basin has advanced to government review, with the partners targeting two identified gas-condensate prospects.
Read MessageSLB has secured a contract from Brunei Shell Petroleum to restore production from shut-in wells across multiple offshore fields, integrating subsurface evaluation, engineering, well intervention and offshore execution.
Read MessageHelmerich & Payne led U.S. land drilling contractors with 15.85 million ft drilled across 776 wells in Q1, while ExxonMobil topped operators with 5.44 million ft, according to new Enverus rankings.
Read MessageNoble Corp secured a one-well contract with ORLEN for the ultra-harsh environment jackup rig Noble Intrepid to drill an exploration well on PL1135, offshore Norway. The contract is set to begin in Q3 2027 with an estimated duration of 40-60 days. The 2014-built Noble Intrepid is a Gusto MSC CJ70 X150 MD jackup rig capable...
Read MessageJapan Petroleum Exploration (JAPEX) began drilling its second exploratory well on 15 August to confirm the presence of formations suitable for CO₂ storage as part of the Tomakomai CCS project in Hokkaido. The well uses extended-reach drilling from a rig installed in Masago-cho, Tomakomai City, targeting formations beneath the seabed. JAPEX drilled the well under...
Read MessageAmplitude Energy is preparing to drill the Juliet exploration well in the offshore Otway Basin, with the well imminent ahead of the planned Annie development well as part of the company’s East Coast Supply Project (ECSP). Juliet, located in permit VIC/L24, carries an 84% chance of encountering hydrocarbons based on geophysical analysis, with a mean...
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