Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Eni and TotalEnergies took the final investment decision to develop the Cronos gas field in Block 6 offshore Cyprus, marking the country’s first gas development project. Eni operates the block with a 50% stake, alongside TotalEnergies holding the remaining 50%. Cronos sits in deep water about 185 km southwest of Cyprus and holds more than...
Read MessageCentral Petroleum spudded the PV14 well at its Palm Valley gas field in the Northern Territory using Ensign Rig 974 on 25 July 2026, marking the start of a two-well appraisal drilling program. PV14 is the first of two lateral appraisal wells based on the design of the PV13 and PV12 wells, completed in 2019...
Read MessageApollo Global Management agreed to invest $1.5 billion in Keppel’s new Keppel Offshore Fund, a private fund set up to hold a portfolio of offshore energy assets. Keppel will divest six operational rigs to the fund this year through its subsidiary Rigco Holding for about S$1.2 billion, with Keppel expected to receive roughly $478 million...
Read MessageVår Energi outlined plans to drill seven exploration wells in H2 026, split across three of its core North Sea and Norwegian Sea hubs. CEO Nick Walker said during the company’s Q2 results call that three wells are planned in the Balder area, three in the Gjøa area, and a high-impact well in the Åsgard...
Read MessagePresident Trump said he wants to avoid further escalation with Iran as negotiations continue over reopening the Strait of Hormuz, keeping global oil markets focused on the region's critical shipping corridor.
Read MessageHuisman signed a contract with Seadrill to deliver an AS605X Auto Slip system, aimed at reducing personnel exposure in the red zone and improving drill floor safety and efficiency. The system automates handling of drill pipe slips, cutting the need for manual intervention during critical operations. Huisman said the technology could reduce well construction time...
Read MessagePetroChina is reportedly weighing the sale of part of its stake in LNG Canada to help finance the project's planned Phase 2 expansion, as growing geopolitical tensions reinforce demand for new LNG export capacity.
Read MessageEni and TotalEnergies have approved development of the Cronos gas field offshore Cyprus, paving the way for the country's first gas production and a new LNG export route to Europe through existing infrastructure in Egypt.
Read MessageTalks over the Strait of Hormuz continue as Iran's foreign ministry discussed the strategically vital maritime passage with Saudi and Omani counterparts.
Read MessageSpeaking to reporters aboard Air Force One on Monday en route to Michigan, Trump dismissed suggestions that the U.S. was running short on weapons.
Read MessageBaker Hughes has secured a major LNG technology order for Venture Global's CP2 expansion project in Louisiana, supplying liquefaction equipment that will support the next phase of U.S. LNG export capacity.
Read MessageMacquarie analysts say the global oil market could return to oversupply before year-end if tensions between the U.S. and Iran ease, allowing Middle East crude exports to recover and putting renewed downward pressure on oil prices.
Read MessageTotalEnergies has appealed a French court ruling in a climate-related duty of vigilance case, arguing that climate change falls outside the scope of the country's corporate vigilance law and that companies cannot be held responsible for how customers use their products.
Read MessageTalos Energy has agreed to acquire a 50% working interest in Repsol-operated Block 29 offshore Mexico, adding more than 200 MMboe of gross recoverable resources across the Polok and Chinwol discoveries as the partners target a final investment decision in 2027.
Read MessageOil prices fell sharply as the U.S. paused strikes against Iran and crude exports resumed through Kazakhstan's CPC terminal, easing immediate supply concerns despite ongoing geopolitical risks in the Middle East.
Read MessageEden Tech has launched Genesis, a patented reverse osmosis centrifuge designed to improve produced water treatment by recovering more than 80% of clean water from high-salinity streams, targeting commercial deployment in the oil and gas industry.
Read MessageABL has secured a contract to support installation of Papua New Guinea's first offshore floating storage and offloading (FSO) facility, a key milestone for the country's offshore oil infrastructure.
Read MessageDOF Group will sell four platform supply vessels and acquire two new construction support vessels as part of its fleet optimization strategy, while also declaring a constructive total loss on the Skandi Amazonas following its grounding off Brazil.
Read MessageSir Ian Wood, the visionary entrepreneur who built Wood Group into a global engineering leader and helped shape the North Sea oil and gas industry, has died at the age of 84, leaving a legacy that continues to influence offshore energy and UK regulation.
Read MessageIn a rare occurrence, Modi's government was forced to concede demands of Gen Z protesters, underscoring their rising influence in the country's polity.
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