Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Chevron has named upstream finance executive Uriel “Ose” Oseguera as its next treasurer, succeeding Navin Mahajan, who will retire after nearly 30 years with the company.
Read MessageThe Interior Department’s third Gulf of America lease sale drew $82.7 million in high bids from 16 companies, as the U.S. advances a congressionally mandated series of 30 Gulf offshore sales aimed at providing long-term certainty for oil and gas investment.
Read MessageBorr Drilling reported new contracts, extensions and a letter of award for seven jackups in its August 2026 fleet status report, adding work across Vietnam, Malaysia, Mexico, Ivory Coast and the Netherlands. The Idun rig secured a new contract with an undisclosed operator offshore Vietnam running from July to September 2026, followed by a contract...
Read MessageABL and Baltic Maritime Broker have partnered to provide vessel assurance and marine risk services for offshore projects across the Baltic Sea, combining local brokerage expertise with ABL’s marine capabilities.
Read MessageSaudi Arabia told OPEC it increased crude production by more than 1 MMbpd in July to 8.2 MMbpd, although output remains below pre-conflict levels as key Middle East export routes face continued disruption.
Read MessageAker BP and partner Equinor drilled a dry exploration well, 15/6-17, in the Svarteknippa prospect in the North Sea, located 15 km west of the Solveig field and 220 km west of Stavanger. The well was drilled using Saipem’s Scarabeo 8 semisubmersible and was the first exploration well drilled in production license 979, which was...
Read MessagePredator Oil & Gas awarded NABI Construction a contract to prepare the Snowcap-3 drilling location and production facility area onshore Trinidad, with site work starting immediately. The location will accommodate Star Valley Drilling Rig 205. The Snowcap-3 drilling program was prepared for regulatory approval. Predator modified the casing strategy and well design to set casing...
Read MessageMurphy Oil spudded the Lac Da Trang North-1X exploration well in Block 15-1/05 offshore southern Vietnam, targeting 40 MMbbl to 80 MMbbl of recoverable resources in the Cuu Long Basin. Murphy operates the block with a 40% interest, alongside partners PetroVietnam Exploration Production (35%) and SK Earthon (25%). A commercial discovery at Lac Da Trang...
Read MessageSouthern Energy spudded the Terrible Creek 21-2 #2 Cotton Valley test well in the Williamsburg field in Mississippi on 11 August 2026. The well is the first of two farm-out commitment wells planned for drilling this year under a joint venture wellbore participation agreement announced in May 2026, with Southern holding a 50% working interest....
Read MessageExpro was awarded a contract by an undisclosed UK operator to support a plug and abandonment campaign across a portfolio of mature subsea wells in the North Sea. The contract covers six firm wells, with a further six optional wells. Expro will provide its 7-3/8-in. large bore Subsea Test Tree Assembly safety system, which offers...
Read MessageIndia's inflation rises for the ninth month in a row, raising the odds in favor of a rate hike later this year.
Read MessageThe IEA expects oil demand to fall by 1.6 million barrels a day in 2026 as high fuel prices and Strait of Hormuz disruptions weigh on consumption.
Read MessageA cargoship and containership have been hit in the Red Sea and Gulf of Oman as the war inflicts a toll on the world's critical shipping lanes.
Read MessageOil prices rose on Wednesday after deadly attacks on vessels in the Red Sea and Gulf of Oman heightened concerns over risks to global shipping routes.
Read MessageSAR Gruppen and TWMA are expanding drilling waste services in Norway, with new RotoMill technology set to boost processing capacity by up to 50% amid sustained drilling activity on the Norwegian Continental Shelf.
Read MessageEastern Gas began drilling the Venus-2H horizontal appraisal well at its wholly owned Project Venus in Queensland’s Surat Basin. Silver City Drilling Rig 34 was mobilized ahead of the spud, with drilling starting on 10 August 2026. Venus-2H is the first well in a campaign of up to two wells targeting the Walloon Coal Seam...
Read MessageDiamondback Energy drilled its first four-well pad in the Barnett formation at Spanish Trail, part of the company’s expanding development program in the play. Completion of the pad is expected within the coming months. The pad marks a step forward in Diamondback’s Barnett program, which the company has built up in the Midland Basin in...
Read MessageAPA Corporation signed an agreement with Eni as a strategic partner in offshore Block OFF-6 in Uruguay. APA will retain a 60% working interest in the block, with Eni funding most of the initial exploration well planned for late 2027. The well will be APA’s first in Uruguay’s offshore Pelotas Basin, where the company holds...
Read MessageArrow Energy, the joint venture equally owned by Shell and PetroChina, will develop the next phase of its Surat Gas Project in Queensland, Australia. The phase comprises 143 backfill wells and is expected to contribute around 79 million cu ft/day of gas at peak production. Gas from the project will supply domestic customers and long-term...
Read MessageAfentra confirmed a successful oil discovery at the Pacassa SW well offshore Angola, with the well reaching a total measured depth of 5,381 m and encountering a 217-m gross hydrocarbon-bearing interval in the fractured Albian Pinda carbonate formation. Evaluation of wireline logging data identified an estimated 136 m of net oil pay, and initial pressure...
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