Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Oil and LNG shipments through the Strait of Hormuz have reached their highest level in six months, according to U.S. Central Command, as mine-clearing and maritime security efforts support increased flows.
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.
Read MessageThe State Department urged Americans to reconsider Middle East travel as Houthi attacks intensify and Iran keeps the Strait of Hormuz closed.
Read MessageSmoke and flames were seen near Riyadh’s main airport after Saudi civil-defense alerts, while Pakistan urged Iran to protect energy supplies and shipping.
Read MessageG20 energy talks in Houston put permitting, infrastructure and supply-chain resilience in focus, with Energy Workforce highlighting the oilfield services sector’s role in meeting growing global energy demand.
Read MessageFrench President Emmanuel Macron plans to convene the G7 to consider another strategic oil stock release as Middle East supply disruptions and soaring fuel prices tighten global markets.
Read MessageINEOS has launched commercial CO₂ storage at Greensand offshore Denmark, using the depleted Nini West oil field with initial capacity of 400,000 tonnes per year and potential to scale to 4–8 million tonnes.
Read MessageTotalEnergies has struck a $1.8 billion partnership with BlackRock’s GIP involving African oil and gas infrastructure assets, with throughput-based payments extending for up to 15 years.
Read MessageHornbeck Offshore Services secured a multi-year contract for riserless plug and abandonment work in the North Sea through its subsidiary Helix Well Ops, with an undisclosed major operator. The contract is set to begin in Q2 2027 and carries a firm two-year term, with customer options to extend. Hornbeck will perform the work using either...
Read MessageLion Energy began mobilizing the SCD-20 rig to its Bula Karang-1 exploration well site on Seram Island, Indonesia, with drilling targeted for September. The SCD-20, a Schramm Rotadrill TXD200 hydraulic unit contracted from Australian drilling contractor Silver City Drilling, will drill Bula Karang-1 as a deviated well in the East Seram production sharing contract area,...
Read MessageThe UN mission pointed out the missile strike on a primary school that killed over 150 people, as well as another airstrike which killed 22 civilians.
Read MessageOil prices fell on Friday as additional Saudi crude supplies help ease disruption fears.
Read MessageRecord diesel prices are already walloping the transportation sector, and if energy prices stay high, the economic impact will spread.
Read MessageZupt is deploying its 3D Recon V2 imaging system for a U.S. Gulf inspection campaign, using high-resolution 3D models to support subsea asset integrity assessments.
Read MessageXodus estimates the Asia Pacific CCUS market could reach £187.8 billion by 2035 as countries advance carbon capture, cross-border CO₂ transport and geological storage projects.
Read MessageCoreMarine has acquired Brazil-based BravOcean, adding local subsea installation and project management capabilities as it expands in Brazil’s offshore and deepwater market.
Read MessageDenholm Pipetech has opened a new facility in Sandnes and invested more than NOK 6 million in equipment and upgrades as it expands its flow remediation business across the Norwegian Continental Shelf.
Read MessageCalifornia Resources has agreed to sell its Uinta basin assets for approximately $90 million, divesting non-core properties acquired through the Berry merger as it focuses its portfolio on California.
Read MessageHalliburton secured a bundled well construction and completions contract from Eni for the Cronos ultra-deepwater gas development in Block 6 of the Cyprus Exclusive Economic Zone. The award covers exploration and development wells and strengthens Halliburton’s offshore portfolio in the Eastern Mediterranean. Halliburton will deliver integrated drilling, well construction, automation and completions services, including drilling...
Read MessageBorr Drilling provided operational and contracting updates across its jackup fleet, including the start of dayrate operations for the Odin in the US and a new contract award for the Idun offshore Vietnam. Following mobilization offshore Texas in mid-August and subsequent acceptance testing, the Odin commenced its contract and began earning dayrate revenues on 11...
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