Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
SLB secured a contract from Brunei Shell Petroleum (BSP) to support production restoration from shut-in wells across multiple offshore fields in Brunei. The contract spans subsurface evaluation, well candidate selection, engineering and offshore execution. Project management, intervention services, monitoring, metering and marine logistics are integrated within a single coordinated execution model. The project marks the...
Read MessageReconAfrica flowed natural gas and potential liquids to surface from the Huttenberg formation at the Kavango West 1X (KW1X) discovery well in northeast Namibia, completing vertical production testing at the site. The uppermost Huttenberg zone flowed hydrocarbons to surface immediately upon perforation, ahead of any acid stimulation, following an earlier flow from the Upper Elandshoek...
Read MessageMoody’s Ratings says E&P companies led global oil and gas credit upgrades in H1 2026 as higher crude prices strengthened earnings expectations, while U.S. onshore OFS demand remains subdued.
Read MessagePart 2: Erosion, due to entrained sand, is a growing problem, and existing technologies have limitations, but new solutions are available to address this issue.
Read MessageErosion due to entrained sand is a growing problem, and existing technologies have limitations, but new solutions are available to address this issue.
Read MessageYPF, Eni and XRG have sought RIGI approval for their $51 billion Argentina LNG development, which would connect Vaca Muerta gas production with two FLNG units totaling 12 MMtpa of export capacity.
Read MessageEmpire Petroleum announced the successful re-entry and subsurface evaluation of the Wakefield-Harrison GU B #1 well in the Fort Trinidad field, Madison County, Texas, on 16 August 2026. The company re-entered the wellbore, originally drilled in 1959, and underreamed and cleaned it out to 21,006 ft measured depth, or 20,949 ft true vertical depth. Empire...
Read MessageLycos Energy drilled and completed 7.0 gross wells in the Moonshine area of Alberta during the second quarter of 2026, six of which were drilled from a single pad. Wet weather on location extended the timing of the drilling program, and the wells were brought on stream late in the quarter. Lycos drilled, completed and...
Read MessageChevron confirmed an oil and gas condensate discovery at the 105-4X exploration well in Block 0, offshore Angola, through its subsidiary Cabinda Gulf Oil (CABGOC), on 17 August 2026. The well, drilled in the Lower Congo Basin, encountered an oil and gas condensate column of more than 600 m in the primary Pinda reservoir, with...
Read MessageThe Who Dat East Joint Venture, operated by LLOG, sanctioned the development of the Who Dat East field in the US Gulf on 12 August 2026. The field is located in lease MC 509-1 in a water depth of approximately 1,300 m. Karoon Energy holds a working interest in the project alongside LLOG and Westlawn...
Read MessagePetrobras identified the presence of hydrocarbons at the Morpho exploratory well (1-BRSA-1405-APS) in Block FZA-M-59, located in the Foz do Amazonas Basin off the coast of Amapá state on Brazil’s Equatorial Margin, the company said on 14 August 2026. The well sits approximately 175 km off the Amapá coast in a water depth of 2,886...
Read MessageChevron has made a new oil and gas condensate discovery in Angola’s offshore Block 0, encountering more than 300 ft of net pay as the operator evaluates a potential tieback to nearby infrastructure.
Read MessageThe U.S.-Iran deal was supposed to open the Strait of Hormuz while they negotiated a final deal on Tehran's nuclear program within 60 days.
Read MessagePeter Thiel’s hedge fund disclosed a $76 million stake in Argentine oil producer Vista Energy, sending its shares higher in premarket trading.
Read MessageShipping traffic in the Strait of Hormuz sank to a new low as a ceasefire between the U.S. and Iran is set to expire on Monday with no deal in sight.
Read MessageIran's deputy foreign minister says Hormuz "will remain Iranian" after Trump's claim that the waterway would soon become U.S. territory.
Read MessageAPI and Mexico’s Instituto Mexicano del Petróleo are expanding technical cooperation on oil and gas standards, training and certification, with additional work planned around methane, CCS and offshore pipeline safety.
Read MessageThe NSTA and 17 North Sea operators have launched a joint effort to tackle a 500-well abandonment backlog, with greater use of vessels for subsea wellhead removals potentially cutting costs by 30%.
Read MessageMetatek will conduct a 40,000-km² airborne geophysical survey across the Philippines’ Agusan-Davao Basin and Davao Gulf, the first stage of a broader exploration program ultimately covering roughly 120,000 km².
Read MessageTouchstone Exploration brought its Cascadura booster compressor online in Trinidad, delivering better than expected natural gas volumes as the company advanced several production optimization projects across its onshore blocks. The compressor was commissioned in late June 2026 and entered service 9 July, with field estimated gross natural gas production averaging approximately 16.5 MMcf/d despite the...
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