Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Petrobras, Shell and Strohm have completed qualification and offshore trials of a corrosion-resistant TCP flowline, clearing the way for a Petrobras pilot in Brazil’s pre-salt in early 2027.
Read MessageThe UK risks losing skilled North Sea oil and gas workers before new energy industries can absorb them, a Taskforce warns, calling for earlier tax reform to protect investment and industrial capacity.
Read MessagePTTEP and partner Valeura Energy sanctioned the first phase of the Bussabong gas field development in Block G3/65, offshore Gulf of Thailand. Phase 1 calls for two gas wellhead platforms with 24 well slots each, tied back by a 9-km subsea pipeline to the Central Processing Platform at the nearby North Bongkot field in Block...
Read MessageFormentera Partners, Daly Waters Energy and Tamboran Resources tied five Shenandoah South wells into the Sturt Plateau Compression Facility as the Beetaloo Basin achieved its first natural gas sales. Three additional wells are being drilled and will be tied into the plant as the campaign continues. The partners also plan to bring in a second...
Read MessageU.S. President Donald Trump said Russia has “lost control” of its diesel oil industry due to the Ukraine war, as he presses Kyiv to agree to an energy truce.
Read MessageOil rose Tuesday, amid concerns of growing Iran-U.S. tensions. after U.S. Treasury Secretary Scott Bessent told CNBC that all Iranian airlines will be shut down from Wednesday.
Read MessageThe Treasury Secretary said that Washington was pressuring Iran "like never before"
Read MessageRosenxt has expanded its subsea inspection offering, combining autonomous and remotely operated technologies with integrity assessment and data analysis for offshore structures, pipelines and cables.
Read MessageMiros has expanded its South American footprint with new offshore technology deployments in Brazil and Guyana supporting drilling, subsea construction, vessel operations and environmental monitoring.
Read MessageTrio Petroleum has signed a farm-in agreement with Croverro Energy covering up to 14 multilateral heavy oil drilling opportunities in Alberta and Saskatchewan, alongside a well re-entry and producing-property acquisition.
Read MessageHalliburton has signed agreements with Eneva and WESCA to pursue oil and gas development opportunities in Venezuela, building on the oilfield services company's nearly nine decades of experience in the country.
Read MessagePetroleum Development Oman (PDO) signed a three-year integrated drilling services contract with Weatherford on 21 September 2026, covering 274 wells in Marmul and the Greater Saqar area. The contract supports PDO’s plans to increase production and improve operational efficiency. Weatherford will drill oil production and water injection wells under a phased implementation program. PDO said...
Read MessageOil and Natural Gas Corporation (ONGC) made a gas discovery on 18 September 2026 at the MN-DW18-1-H-D deepwater well in the Mahanadi Offshore Basin off the coast of Odisha. The well reached a target depth of 1,623 m and recorded the gas strike in the 1,441-1,452 m interval. It has been flowing gas for the...
Read MessageKolibri completed fracture stimulation on all three Clifton Mack wells in its Tishomingo field in Oklahoma and finished drilling out the frac plugs. Flowback on the Clifton Mack 11-14-1HR, 11-14-2HR and 11-14-3HR wells will start shortly, and the company expects to report early production rates in a few weeks. Kolibri also finished drilling the lateral...
Read MessagePredator Oil & Gas began drilling the MOU-6 well in Morocco on 19 September 2026. Well operations are planned to last up to 20 days. Predator amended its rig contract with Intrepid Drilling in late July to cover Rig 101 operations at MOU-6 from 1 August to 1 October 2026. The rig had been stacked...
Read MessageLost Soldier Oil and Gas (LSOG) spudded the GMF-5 well in Wyoming’s Green River Basin on 18 September 2026, starting Phase Two of its development program at the Wild Mustang Federal Unit. Upland Resources, an LSOG investor, disclosed the spud. GMF-5 is the program’s third well and is planned to reach about 19,000 ft. It...
Read MessageMcDermott has completed $1.05 billion in equity and bond financing alongside new credit facilities, extending its maturity profile and supporting execution of its global project backlog.
Read MessageTrump threatened to destroy Iran's economy or eliminate its leadership if Tehran doesn't strike a deal, complicating efforts at diplomacy.
Read MessageOil fell Monday, as traders keep watch for a recovery in shipments from Saudi Arabia, even as Mideast tensions continue to escalate.
Read MessageTotalEnergies has signed an MoU with PDVSA that could pave the way for its return to Venezuela’s oil and gas sector, joining a growing wave of international companies pursuing new projects in the country.
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