Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Petroseismic is conducting a large-scale, high-density land seismic survey for Chilean national energy company ENAP using Sercel seismic acquisition technologies and specialized survey services.
Read MessageBaker Hughes has secured a multi-year contract with Kuwait Oil Company to develop and deploy AI, digital and production technologies through KOC’s Ahmadi Innovation Valley upstream innovation program.
Read MessageTechouse has completed testing of a compact once-through steam generator designed for offshore oil and gas installations, advancing technology that could enable combined-cycle power systems to reduce fuel consumption and CO₂ emissions by up to 25%.
Read MessageEmerson has launched PACEdge 3.0, adding AI, machine learning and advanced analytics capabilities to its industrial edge software platform to help oil and gas and other industrial operators deploy and manage IIoT applications.
Read MessageU.S. crude is back above $84 as last week's anticipation of a U.S.-Iran deal dissipates.
Read MessageOil traders keep clinging to hope that the Strait of Hormuz will reopen. That won't last forever.
Read MessageThe UK public consultation for Adura's Jackdaw gas project has closed, moving the North Sea development into the next stage of regulatory review ahead of a government approval decision.
Read MessageDelfin LNG has awarded TDI-Brooks an offshore survey contract supporting development of its proposed Louisiana deepwater port, a project expected to become the first U.S. offshore floating LNG export facility.
Read MessageThe Jones Act waiver extension comes after the Trump administration's latest signs of a deal to reopen the Strait of Hormuz failed to materialize.
Read MessageSiemens Energy has been selected to supply power generation and gas compression systems for two Petrobras FPSOs supporting the Sergipe-Alagoas Deepwater development offshore Brazil.
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Read MessageTAG Oil spudded the T-200 vertical well at its Badr Oil Field (BED-1) concession in Egypt’s Western Desert on 6 August 2026. The NDC-9 rig is drilling the well, which targets the Abu Roash F formation, a naturally fractured reservoir where nearby wells have produced light crude oil. The well is planned to reach a...
Read MessageSeadrill secured a contract extension for the drillship West Capella with PTTEP in Malaysia and additional days for the semisubmersible Sevan Louisiana in the US Gulf. The West Capella extension covers an estimated 75 days and commits the rig into August 2027, building on its initial contract with PTTEP that started in March 2026. The...
Read MessageSonangol and Angola’s National Agency for Petroleum, Gas and Biofuels completed drilling and testing of the Katambi-2 appraisal well in Block 24 of the Benguela Basin. The Seadrill-operated drillship West Gemini, contracted through the Sonadrill joint venture, drilled the well 1.3 km from the original Katambi-1 well, which BP drilled in 2014 and 2015 before...
Read MessageMCF Energy drilled the Kinsau-1A well in Lech, Bavaria to a total depth of 10,860 ft MD, bottoming out in the Jurassic Malm Reef Carbonate interval within 213 ft of the original 1983 Mobil discovery well. RED Drilling Rig 202 drilled the well for Energieprojekt Kinsau 1 GmbH, in which MCF’s German subsidiary Genexco GmbH...
Read MessageKosmos Energy has awarded Subsea Cable Assets its first contract to supply a 1,000-ton umbilical storage carousel for a subsea support project in Mobile, Alabama, with delivery scheduled for late 2026.
Read MessageADNOC Gas has approved the next phases of its Rich Gas Development project, awarding $8.2 billion in EPC contracts as it raises its long-term growth target and expands natural gas processing capacity.
Read MessageBaker Hughes has secured a subsea production systems contract for Indonesia's Kutei Northern Hub, supporting development of the Geng North and Gehem gas fields as the project advances the country's LNG growth strategy.
Read MessageThe windfall is fueling fresh political and environmental backlash, with Trump accusing Exxon Mobil and Chevron of making “too much money.”
Read MessageOil rose as traders assess mixed signals from the U.S. and Iran amid worries that a deal to open the Strait of Hormuz may not be coming anytime soon.
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