Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Devon and Coterra have completed their merger, creating a major U.S. shale operator with expanded Delaware basin scale and operations spanning the Anadarko, Eagle Ford and Marcellus plays.
Read MessageAt OTC in Houston, ExxonMobil’s John Ardill said the coming “demand decade” will require more upstream investment, stronger policy alignment and faster deployment of AI-driven technologies. He pointed to autonomous drilling in Guyana and the U.S. shale model as indicators of where exploration is headed.
Read MessageBritain's Shell posted stronger-than-expected quarterly profit as the Iran war sent fossil fuel prices soaring.
Read MessageNorway's Equinor told CNBC that the company expects the Iran war to deliver a boost to its transition industries.
Read MessageAt OTC in Houston, ExxonMobil’s John Ardill said the coming “demand decade” will require more upstream investment, stronger policy alignment and faster deployment of AI-driven technologies. He pointed to autonomous drilling in Guyana and the U.S. shale model as indicators of where exploration is headed.
Read MessageThe Trump administration is considering drilling for oil beneath U.S. military bases and other federal land as part of efforts to refill the depleted Strategic Petroleum Reserve.
Read MessageOil prices rose Thursday, as investors continue to assess the latest developments in the Middle East amid concerns over renewed tensions between Iran and the U.S.
Read MessageDiversified and Carlyle are acquiring $1.2 billion in Anadarko basin assets from Camino, expanding their Oklahoma footprint with new SCOOP/STACK inventory and a large-scale ABS financing structure.
Read MessageTexas Railroad Commissioner Wayne Christian praised record Corpus Christi export activity and rising drilling momentum as Texas producers respond to supply disruptions tied to the Iran conflict.
Read MessageHalliburton and Shape Digital have formed a strategic collaboration to improve digital asset performance management by linking subsurface and surface data for production operations.
Read MessageOPEC crude production fell to its lowest level since 1990 as the Iran war and Strait of Hormuz disruption cut Persian Gulf exports and forced additional shut-ins.
Read MessageEquinor has started production from the Eirin field in the North Sea, adding new gas volumes to Europe through a subsea tieback to the Gina Krog and Sleipner infrastructure.
Read MessageOil and gas prices fell sharply after reports that the U.S. and Iran are nearing a deal that could reopen the Strait of Hormuz and ease global supply disruption.
Read MessageU.S. airlines spent 56.4% more on jet fuel in March than they did in February, U.S. government data released Wednesday show.
Read MessageValaris sold its semisubmersible Valaris DPS-1 for recycling in April 2026, according to the company’s May 2026 fleet status report. The rig, an F&G ExD Millennium dynamically positioned unit delivered from Jurong Shipyard in 2012, had been stacked in Malaysia after completing work with Woodside offshore Australia in November 2025. Valaris classified the rig as...
Read MessageSLDC, the land drilling joint venture between ADNOC Drilling and SLB, has been awarded a drilling contract by SLB (Schlumberger) for operations at Kuwait’s Mutriba field. The contract covers an initial three-year term with two optional one-year extensions. SLDC will deploy two 3,000-hp land rigs at the field, with operations for both expected to commence...
Read MessageBeacon Offshore commenced drilling operations at the Monument Wilcox oil discovery in the US Gulf of Mexico, with continuous drilling and completion activities planned throughout 2026 and first production on track by late 2026, according to Talos Energy’s Q1 2026 operational update. Monument is located in Walker Ridge blocks 271, 272, 315 and 316 and...
Read MessageDeepOcean carried out its first subsea intervention project with offshore operational leadership managed from an onshore remote operating centre (ROC), marking a milestone in the company’s remote subsea capabilities. The operation was performed for Aker BP at the Idun Nord field in the Norwegian Sea, using a work-class ROV controlled from DeepOcean’s ROC in Haugesund,...
Read MessageIn theory, the U.K. should be less exposed to the impact of higher energy prices than some peers. In practice, the price surge is having a dire impact.
Read MessageThe U.S. paused its plan to reopen shipping through the Strait of Hormuz after renewed clashes raised escalation risks, leaving global oil and gas flows under continued pressure.
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