Dana Gas settles Egypt receivables as production returns to growth
Dana Gas has fully settled overdue receivables in Egypt while reporting increased production in the Nile Delta, supported by ongoing investment and drilling activity.
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Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
bp considers exit from UK North Sea as CEO reviews upstream portfolio
bp is reviewing its UK North Sea upstream assets and considering potential divestments as part of a broader strategy to streamline its portfolio and reduce debt.
Read MessageSANAD deploys newbuild rig in Saudi Arabia, reactivates suspended unit
Nabors’ SANAD land drilling joint venture in Saudi Arabia deployed one newbuild rig during Q1 2026, bringing total newbuild deployments to 15. Four more newbuild rigs are scheduled to enter service in the kingdom during the year. SANAD also reactivated one previously suspended rig during the quarter, with a second resumption scheduled for Q2. In...
Read MessageEni takes FID on deepwater gas projects offshore Indonesia
Eni took final investment decisions for two deepwater gas projects in the Kutei Basin offshore East Kalimantan, Indonesia, sanctioning both the Gendalo and Gandang gas project and the Geng North and Gehem fields for development. The Gendalo and Gandang project, located in water depths of 1,000 to 1,800 m, calls for the drilling of seven...
Read MessageOccidental CEO Hollub to retire June 1; COO Jackson to succeed
Occidental CEO Vicki Hollub will retire June 1, with COO Richard Jackson set to take over leadership.
Read MessageEngine trouble ahead? How the Strait of Hormuz standoff threatens luxury auto giants
Supercar engines rely on base oils because they can withstand extreme heat, high revs and intense pressure.
Read MessageOil rises as Trump faces crucial 60-day deadline for Iran war
Under the 1973 War Powers Resolution, a U.S. president needs to withdraw troops 60 days after reporting their deployment to Congress
Read MessagePermian output rises to record levels while flaring falls, report shows
A new TIPRO report shows Permian and Texas oil production hitting record highs while flaring intensity drops sharply—highlighting how infrastructure gains are reshaping emissions trends.
Read MessageSM Energy closes $950 million South Texas asset sale
SM Energy has completed a $950 million sale of South Texas assets, marking a major step in its ongoing portfolio repositioning.
Read MessageConocoPhillips flags Middle East disruption as Lower 48 drives production
ConocoPhillips is excluding Qatar volumes from guidance as Middle East disruption impacts output, while Lower 48 operations continue to drive production.
Read MessageExxonMobil awards Subsea7 contract for Angola offshore redevelopment
Subsea7 has been awarded an EPCI contract by ExxonMobil for a subsea tie-back project in Block 15 offshore Angola, valued between $150 million and $300 million.
Read MessageOPEC+ set to raise output targets after UAE exit, despite Hormuz disruption
OPEC+ is expected to approve a modest production increase despite the UAE’s exit and ongoing disruption to oil flows through the Strait of Hormuz.
Read MessageJDR wins subsea umbilical contract for Amplitude Energy’s offshore gas project in Australia
JDR Cable Systems has been awarded a contract to supply subsea control umbilicals for Amplitude Energy’s offshore gas project supporting supply to Victoria, Australia.
Read MessageEco Atlantic advances JHI acquisition, targeting Falklands offshore stake
Eco Atlantic has advanced its acquisition of JHI Associates, positioning the company to secure a 35% interest in the PL001 offshore block in the Falkland Islands.
Read MessageNewfoundland and Labrador budget boosts offshore exploration funding
Newfoundland and Labrador’s 2026 budget includes $90 million for offshore exploration, with industry pointing to growing momentum ahead of projects like Bay du Nord.
Read MessageSLB launches AlphaSight geosteering service
SLB launched the AlphaSight logging-while-drilling service, a multi-depth azimuthal resistivity (MDAR) technology platform designed to improve geosteering accuracy and well placement in complex reservoir environments. The service features the industry’s shortest extra-deep azimuthal resistivity sensor, positioned close to the bit with integrated downhole computing. It delivers 3D multi-depth reservoir mapping and a horizontal look-ahead-while-drilling capability,...
Read MessageTrump to get briefed on potential Iran strikes before war hits key 60-day deadline: Reports
Iran has rejected further negotiations unless the U.S. blockade is lifted, but President Trump has said he won't do so until Tehran agrees to a nuclear deal.
Read MessageTPAO’s Çağrı Bey arrives offshore Somalia for Curad-1 well
Turkish Petroleum’s Çağrı Bey ultra-deepwater drillship arrived in Somalia to conduct the country’s first offshore drilling operation and TPAO’s first deep-sea drilling campaign outside Turkish waters. The drillship will proceed to the Curad-1 well, located approximately 370 km offshore Mogadishu. The well, whose name means “firstborn” in Somali, targets a water depth of approximately 3,500...
Read MessageEuro zone inflation jumps to 3% as economic growth almost stalls
Inflation jumped in April while the euro zone economy expanded a meager 0.1% in the first quarter of the year, data showed on Thursday.
Read MessageOil extends gains with Brent at $120 as fears of an extended U.S.-Iran conflict rise
Oil extended gains Thursday on signs of a prolonged U.S. blockade of Iranian exports and stalled nuclear negotiations.
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