Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
U.S. Steel has received the final permit for a $475 million quench-and-tempering facility in Alabama that will expand tubular capacity for the Permian, Eagle Ford, Haynesville and Marcellus basins.
Read MessageBorr Drilling will divest its 51% stake in Mexican joint venture Perfomex while retaining ownership of three jackup rigs operating under Pemex contracts through 2028 and 2030.
Read MessageThailand has approved Valeura Energy’s farm-in for a 40% interest in two PTTEP blocks in the Gulf of Thailand, advancing plans for further offshore exploration and development.
Read MessageHalliburton has won a multi-year contract from Eni to provide integrated drilling, well construction and completions services for the Cronos ultra-deepwater gas development offshore Cyprus.
Read MessageTotalEnergies and Mistral are investing more than $115 million to develop advanced AI models aimed at improving oil and gas exploration, reservoir analysis and field development decisions.
Read MessageAnalysts warn oil prices could rally sharply if the pipeline remains offline beyond an estimated five-to-seven-day inventory cushion.
Read MessageArabian Drilling signed a five-year contract with SLB Middle East for eight additional land rigs supporting gas lump-sum turnkey (LSTK) operations in Saudi Arabia. The rigs will be redeployed from Arabian Drilling’s existing available land rig fleet. The contract is expected to begin contributing to the company’s revenue in the fourth quarter of 2026 and...
Read MessageThe department revealed that the Iran war had cost an estimated $33.4 billion as of June 29.
Read MessageOil and 10-year Treasury yields are moving in near lockstep, with their correlation at its strongest since 2019.
Read MessagePVM Oil Associates analysts see renewed risk of $120 Brent as the Saudi pipeline shutdown, falling inventories and refinery constraints erode the buffers that previously helped contain oil prices.
Read MessageOil extended gains amid reports of fresh Houthi strikes on Saudi Arabia and attacks by Iran on ships in the Gulf.
Read MessageHornbeck Offshore has secured a two-year North Sea contract for riserless well plug-and-abandonment operations beginning in second-quarter 2027, with options to extend.
Read MessageCostco is limiting sales of its house brand motor oil to two units per customer per week amid rising oil prices.
Read MessageFulkrum has won an inspection services contract covering Vår Energi’s NCS project portfolio, with work already underway on three subsea developments in the Gjøa area.
Read Message"The World's Diesel price rise is mostly caused by the Russia/Ukraine War, not Iran," Trump said in a social media post.
Read MessageIt comes after oil prices have marched higher in recent weeks, above $100 per barrel, as tensions between the U.S. and Iran have escalated again.
Read MessageSaipem has won a $350 million contract from Azule Energy to install 62 km of subsea infrastructure tied to the Agogo FPSO in water depths reaching 1,750 meters offshore Angola.
Read MessageTouchstone Exploration mobilized a drilling rig to its WD-4 block onshore Trinidad and Tobago, with the first of a two-well drilling campaign expected to spud in mid-September. Construction of the two WD-4 drilling locations is complete, and turnkey drilling costs for the second well will be covered by the drilling contractor. Touchstone holds a 100%...
Read MessageSouthern Energy drilled and cased the Terrible Creek 21-2 #2 Cotton Valley vertical well in the Williamsburg field in Mississippi, releasing the drilling rig 10 September 2026. The well reached a total depth of approximately 18,825 ft and encountered prospective sands in the Sligo, Hosston and Cotton Valley formations. Southern Energy said the well was...
Read MessageHorizon Petroleum’s wholly owned Polish subsidiary Energia Karpaty Zachodnie completed perforation operations and installed a new completion assembly at the Lachowice 7 well in southern Poland, advancing the well toward acid stimulation and production testing. The Cardwell KM-200C rig was released 11 September 2026 after perforating 35 m of reservoir across a 58-me interval, including...
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