Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
After announcing plans to exit the UK North Sea and other non-core assets, bp CEO Meg O'Neill is laying out a strategy centered on higher-value upstream investments, operational excellence and financial discipline.
Read Messagebp's decision to market its UK North Sea business is fueling renewed calls for fiscal reform, with INEOS Energy Chairman Brian Gilvary warning that policy uncertainty is driving investment, jobs and production away from the UK basin.
Read MessageOdfjell Drilling has returned the Deepsea Atlantic rig to operations after a 106-day off-hire period following an equipment handling incident that resulted in a dropped blowout preventer earlier this year.
Read Messagebp's decision to market its UK North Sea business is fueling renewed calls for fiscal reform, with INEOS Energy Chairman Brian Gilvary warning that policy uncertainty is driving investment, jobs and production away from the basin.
Read MessageExxonMobil Global Projects has selected Sercel's SIMOPS platform to support pipelay and mooring installation campaigns on the Whiptail development in Guyana's Stabroek Block, enhancing coordination of offshore operations.
Read MessageIntermoor has secured a new three-year contract from Petrobras to provide inspection, maintenance and operational readiness services for offshore mooring and subsea infrastructure across Brazil.
Read MessageNigeria has approved a $4.5 billion oil-backed financing agreement tied to future crude production, providing new funding for NNPC while supporting government infrastructure spending and strengthening foreign-exchange reserves.
Read MessageADNOC and SLB have deployed an AI-enabled drilling platform across more than 120 onshore and offshore drilling rigs, enabling real-time operational oversight, faster decision-making and reduced drilling downtime.
Read MessageNoble fitted its BlackHornet drillship with a stemless gate valve, a well control technology developed with Kinetic Pressure Control that provides a dedicated means of sealing the wellbore during managed pressure drilling (MPD) operations. Teams across Noble worked closely with Kinetic and other industry experts to evaluate the valve’s reliability, installation requirements, maintenance considerations, and...
Read MessageValaris finished a two-well workover and completion campaign for BP offshore Trinidad nearly 17 days ahead of schedule, deploying its VALARIS 249 jackup rig on the operation known as the Angelin campaign. BP awarded Valaris a 100-day contract for VALARIS 249 in 2025, with work beginning in the first quarter of 2026 immediately after the...
Read MessageADNOC, in collaboration with SLB, deployed an artificial intelligence-enabled Real-Time Operations Center across its fleet of more than 120 drilling rigs, giving teams a faster, more connected way to monitor and manage drilling operations across its onshore and offshore assets. The platform replaces multiple existing tools and cuts engineering effort by 30-40%, letting engineers oversee...
Read MessageOdfjell Drilling confirmed that its Deepsea Atlantic semisubmersible has returned to operations, ending a total off-hire period of 106 days following an equipment handling incident in April. The blowout preventer dropped to the seabed at a depth of approximately 1,100 m during an incident on 18 April 2026 while the rig was working offshore the...
Read MessagePresident Donald Trump has warned that the latest round of negotiations with Iran are the "last chance" to bring an end to the five-month conflict.
Read MessageThe results come as oil supermajors have reported blowout quarterly profits, benefitting from higher fossil fuel prices amid the Iran war.
Read MessageExxonMobil and Chevron used record second-quarter profits to reduce debt rather than significantly increase share buybacks, signaling caution as geopolitical tensions and oil market uncertainty continue to shape the industry's outlook.
Read MessageThe U.S. Department of the Interior has proposed updates to the 2016 Arctic Exploratory Drilling Rule, aiming to streamline offshore oil and gas exploration on Alaska's Outer Continental Shelf while maintaining federal safety and environmental oversight.
Read MessageThe Texas Railroad Commission has partnered with the Texas A&M Engineering Extension Service to provide advanced fire prevention and electrical safety training for oil and gas inspectors, strengthening field oversight and wildfire risk mitigation.
Read MessageOil prices fell after the United States and Iran signaled that discussions over reopening the Strait of Hormuz are continuing, raising hopes for increased Middle East crude exports despite ongoing shipping risks.
Read MessageExxonMobil and Chevron used record second-quarter profits to reduce debt rather than significantly increase share buybacks, signaling caution as geopolitical tensions and oil market uncertainty continue to shape the industry's outlook.
Read MessageADNOC established a new well delivery benchmark in the UAE, routinely drilling well sections exceeding 1.6 km within a single day in some of the country’s most complex carbonate formations, including one 24-hour stretch that reached 1,960 m. The performance is driven by ADNOC’s Real-Time Intelligence Centre, where engineers, operational specialists and subsurface experts use...
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