Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Venezuela and the African Energy Chamber reaffirmed efforts to attract upstream oil and gas investment following recent energy reforms aimed at rebuilding production and expanding international partnerships.
Read MessageIran has ruled out direct negotiations with the United States for now, delaying prospects for a Strait of Hormuz shipping agreement as oil markets continue to monitor disruptions to global energy supplies and regional security.
Read MessageIran's foreign minister reportedly said his country is not engaging in talks with the U.S., but added: "Messages are being exchanged through intermediaries."
Read MessageIran's military stressed that the crucial waterway would only be reopened when the U.S. accepts Iran's conditions.
Read MessageExxonMobil has awarded McDermott a letter of intent for engineering and procurement services on Mozambique's Rovuma LNG Phase 1 project as Area 4 partners advance toward a final investment decision expected in 2026.
Read MessageBOURBON has placed its new Evolution 810 IMR vessel into service under a long-term offshore India contract, expanding its deepwater subsea fleet with advanced inspection, maintenance and repair capabilities.
Read MessagePetrobras posted record oil and pre-salt production in the second quarter as offshore growth in Brazil's Búzios field and continued E&P investment helped drive one of the company's strongest quarterly results.
Read MessageADNOC says it remains focused on meeting customer demand despite continued attacks on its vessels and assets, detailing the operational impacts of ongoing security disruptions affecting shipping through the Strait of Hormuz.
Read MessageAs oil reserves and munitions stockpiles reportedly dwindle, analysts wonder how much longer markets will pounce when the Trump admin. dangles an Iran deal.
Read MessageGas prices in the U.S. averaged $4.06 per gallon on Thursday — a major source of voter discontent heading into November's midterm elections.
Read MessageNoble was awarded a contract by ConocoPhillips for the ultra-harsh environment jackup Noble Interceptor. The scope comprised plug and abandonment work on wells in the Greater Ekofisk Area offshore Norway, with the contract expected to commence in Q3 2027 and run for an estimated 670 days. Built in 2014, the Noble Interceptor was a Gusto...
Read MessageInvictus Energy executed a Deed of Variation to its drilling contract with Exalo Drilling, securing Exalo Rig 202 to drill the Musuma-1 exploration well at the Cabora Bassa Project in Zimbabwe. The revised contract, along with agreed rig preparation and well services mobilization work scopes, allowed the company to confirm a spud date of November...
Read MessageThe conflict is broadening across the region, with Gulf energy infrastructure and key shipping chokepoints under renewed threat.
Read MessageNews of Iran's restrictive draft plan for the Strait of Hormuz sent oil prices higher, renewing concerns over supply disruptions.
Read MessageGuess & Co. has completed a $3 billion acquisition of oil, gas, coal and mineral assets in West Virginia, establishing a long-term resource position to support future energy and industrial development in Appalachia.
Read MessageThe American Petroleum Institute says decades of investment in U.S. oil and gas production, infrastructure and refining have strengthened America's role in global energy markets and improved energy security during recent supply disruptions.
Read MessageSLB and Equinor have signed a multi-year agreement for reservoir stimulation services on the Norwegian Continental Shelf, including a major upgrade of the Island Captain vessel to support development of tight offshore reservoirs.
Read MessageExxonMobil has linked a proposed $80 billion expansion of Kazakhstan's Kashagan oil field to resolving long-running disputes between the government and international partners, according to people familiar with the discussions.
Read MessageMexico will prohibit oil and gas fracing in the Tampico-Misantla shale basin, while continuing to evaluate unconventional gas development in other regions as it seeks to reduce reliance on U.S. natural gas imports.
Read MessageFormentera Partners, Daly Waters Energy and INPEX have contracted a new Helmerich & Payne FlexRig to support appraisal and development of Australia's Beetaloo basin, expanding drilling capacity for the unconventional gas play.
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