Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
SoftVest and Blackbeard have agreed to combine Permian Basin Royalty Trust with Blackbeard's land and mineral assets in a $2.2 billion transaction creating one of the Permian basin's largest integrated land and royalty platforms.
Read MessageBaker Hughes will supply 76 NovaLT16 industrial gas turbines for Dynamis Power Solutions' 1.3-GW mobile power generation fleet, supporting growing electricity demand from data centers and oil and gas operations.
Read MessageBrent crude climbed above $90/bbl after President Donald Trump signaled new U.S. strikes against Iran, renewing concerns over Middle East oil supplies, shipping disruptions and global energy security.
Read MessageProserv has established a local operating presence in Brazil to support offshore and subsea operators with controls technology, lifecycle services and asset optimization solutions as activity continues to grow in the country's deepwater sector.
Read MessageCanadian Prime Minister Mark Carney said Canada will not restrict oil exports or use energy supplies as leverage in its trade dispute with the United States, reaffirming the country's commitment to remaining a reliable energy supplier despite escalating tariff tensions.
Read MessageSaipem has secured a US$930 million contract from Eni to support Phase 3 development of the Baleine field offshore Ivory Coast, reinforcing continued investment in one of West Africa's fastest-growing deepwater projects.
Read MessageWoodside reported an 18% decline in second-quarter production after Cyclone Sean and planned maintenance at its Pluto LNG facility, while reaffirming that the Scarborough LNG project remains on track for first production in the fourth quarter.
Read MessageKeppel will monetize up to 10 legacy offshore rigs through a new Apollo-backed investment fund, expanding its offshore asset management platform while capitalizing on strengthening rig market fundamentals.
Read MessageBC Ventures, a 50/50 joint venture between Borr Drilling and its long-term well construction partner in Mexico, completed its acquisition of five premium jackup rigs from Fontis Finance for $287 million. The rigs, comprising two Friede & Goldman JU-2000E design units (Oberon and Titania FE) and three LeTourneau Super 116-C design units (Courageous, Defender and...
Read MessageCB&I’s Asset Solutions business, formerly part of Petrofac, was awarded a well engineering services contract by Cosmo E&P to support drilling, engineering, planning and operational activities in the UAE. The contract covers Offshore Block 4, Abu Dhabi, which was exclusively awarded to Cosmo in the second competitive bidding round for oil and gas exploration, development...
Read MessagePredator Oil & Gas amended its drilling contract with Intrepid Drilling for Rig 101 to drill the MOU-6 well in Morocco. The amendment extends an existing contract dated 24 October 2022 and covers rig operations from 1 August to 1 October 2026. Rig 101 is currently stacked at Predator’s MOU-5 well site and will move to...
Read MessageSoftVest and Blackbeard have agreed to combine Permian Basin Royalty Trust with Blackbeard's land and mineral assets in a $2.2 billion transaction creating one of the Permian Basin's largest integrated land and royalty platforms.
Read MessageCentcom in a post on X said that the attack originated from Iran, but all missiles were intercepted.
Read MessageOil rose sharply amid renewed tensions in the Middle East after Iran launched an attack on U.S. forces using ballistic missiles.
Read MessageThe Hibernia platform has reported its second potentially fatal safety incident since May after a worker was injured by falling casing during drilling operations, prompting continued oversight by Canada's offshore energy regulator.
Read MessageA record-setting BLM geothermal lease sale in New Mexico is driving higher federal acreage values, with Enverus forecasting stronger competition and rising bids in upcoming geothermal auctions across the western U.S.
Read MessageKistos maintained its 2026 production guidance after a strong first half, with Balder development progressing through new drilling, an FPSO upgrade and reserves growth following sanction of the Balder Next project.
Read Messagebp has agreed to bring Türkiye Petrolleri (TPAO) into its Kirkuk redevelopment project in Iraq through the acquisition of a 15% interest in BP Energy Company of Kirkuk, expanding the partnership to advance production from several of the country's largest oil and gas fields.
Read MessageOdfjell Drilling’s Deepsea Atlantic semisubmersible went off hire on 18 April 2026 after an equipment handling incident at the Rosebank field west of Shetland. The blowout preventer dropped to the seabed at a depth of approximately 1,100 m while being run into the water, with no injuries to personnel and no impact on the rig’s...
Read MessageONGC commenced drilling on its first deepwater exploratory well in the Mahanadi Offshore Basin, with India’s Minister of Petroleum and Natural Gas Hardeep Singh Puri virtually spudding the well, MN-DW18-1-H-D, from New Delhi on 25 July 2026. The well sits approximately 23 nautical miles from ONGC’s Konark discovery off the Odisha coast and marks the...
Read Message