Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Formentera Partners and its Australian operating company Daly Waters Energy completed drilling, completions and tie-back work on all five wells of the Shenandoah South 2 pad in the Beetaloo Basin, Northern Territory, Australia, with three additional wells now being drilled. The wells feed the newly commissioned Sturt Plateau Compression Facility (SPCF), which began gas commissioning...
Read MessageU.S. House has paved the way for a legislation that will allow Trump to impose up to 100% tariffs on countries buying Russian oil, giving him leverage against India and China.
Read MessageWashington's efforts for resuming ceasefire talks appear to have stalled, as Gulf states absorb escalating attacks from Iran and Iran-aligned Houthi militants.
Read MessageOil prices fell as additional Saudi crude supplies eased concerns over disruptions to the kingdom’s exports.
Read MessageThe U.S. House has passed the bipartisan TWICE Act, legislation aimed at improving access to TWIC credentials and expanding the available workforce for maritime and offshore energy jobs.
Read MessagePrices for diesel, the fuel type used to power trucks and trains, came in at an all-time high of $6.31 per gallon on Wednesday.
Read MessageContinental Resources has signed an MOU with PDVSA to operate and develop the 126,000-acre Ayacucho 2 block in Venezuela’s Orinoco Belt, estimated to hold 30 billion barrels of oil resource in place.
Read MessageSquare Robot has won a 2026 NIOSH safety award for its SR-3 robotic inspection system, which allows above-ground storage tanks to be inspected onstream without confined-space entry.
Read MessageTechnologies designed to control annular pressure during drilling, inclusive of Underbalanced Drilling, Managed Pressure Drilling and Dual Gradient Drilling are being used in many forms around the world. UBD continues to maximize reservoir performance, while MPD techniques spanning onshore performance drilling and offshore deep and shallow water prospects serve to enhance drilling safety and minimize...
Read MessageTransocean secured a two-well contract for the ultra-deepwater drillship Deepwater Conqueror to work offshore Equatorial Guinea for an undisclosed operator. The estimated 170-day campaign is expected to begin in 2027, in direct continuation of the rig’s current contract in the US Gulf. The Deepwater Conqueror is a DSME 12000 ultra-deepwater dual-activity drillship, built by Daewoo...
Read MessageValeura Energy discovered a new oil field, named Suraphi, near its Manora field in the Gulf of Thailand, following the drilling of the Manora-9 exploration well and associated sidetracks. The D and E prospects each intersected oil-bearing sandstone intervals in the 600-series lacustrine sands, with the D prospect encountering 172 ft of net oil pay...
Read MessageAker BP made a gas discovery in the Alpehumle prospect, about 25 km north of the Duva field in the North Sea, using Saipem’s Scarabeo 8 semisubmersible. Well 36/4-2, the first exploration well in production license 1153, encountered a 10 m gas column in the Agat Formation, entirely within sandstone layers of very good reservoir...
Read MessageBKV has completed its previously announced Barnett shale acquisition, adding more than 65 MMcfe/d of production, 0.35 Tcfe of PDP reserves and approximately 117,000 net acres.
Read MessageShape Digital is deploying its AI-powered flare intelligence technology across 10 MODEC FPSOs in Brazil following a pilot, targeting unplanned flaring and improved offshore operating efficiency.
Read MessageSaipem completed the sale of its entire shareholding in Saudi Arabian Saipem to ADES. The transaction, announced 24 June 2026, closed after Saipem obtained all applicable regulatory approvals and satisfied customary conditions precedent. Saudi Arabian Saipem operates in the shallow-water offshore drilling segment and owns three jackup rigs, the Perro Negro 7, Perro Negro 8...
Read MessageMaritime Developments has completed a deepwater SURF decommissioning campaign in Brazil’s Campos basin, using its portable recovery spread aboard the operator’s existing multipurpose vessel.
Read MessageThe reading comes a day before the Bank of England updates its monetary policy.
Read MessageThe Organization of Islamic Cooperation condemned the strike as a "heinous" attack. Mecca is Islam's holiest site and the focal point of the annual Hajj pilgrimage.
Read MessageOil fell Wednesday, as an unexpected increase in U.S. crude inventories outweighed worries over supply disruptions after an Iran-backed attack on Saudi Arabia's East-West pipeline.
Read MessageThe Saudis closed the East-West pipeline after it sustained damage in a drone attack launched from Iraq.
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