Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
ConocoPhillips Alaska, operator and 100% working interest owner of the Willow field, applied to the Alaska Oil and Gas Conservation Commission (AOGCC) for pool rules and an area injection order covering the proposed Willow oil pool in the Bear Tooth unit of the National Petroleum Reserve-Alaska (NPR-A). ConocoPhillips outlined plans to develop the Willow oil...
Read MessageZefiro was awarded a well-plugging services contract by an environmental protection department for a state in the Great Lakes region, with work scheduled to run from November 2026 through June 2029. The contract will be carried out through Zefiro’s operating subsidiary Plants & Goodwin, a well services company with more than 50 years of operating...
Read MessagePETRONAS will supply Greece’s METLEN with six LNG cargoes annually under a five-year agreement beginning in 2027, expanding the Malaysian company's LNG presence in Europe and the Mediterranean.
Read MessageWood has won a five-year, $200 million contract from ExxonMobil PNG covering construction services across the PNG LNG project’s gas processing, pipeline, well pad and LNG infrastructure.
Read MessageVenezuelan energy officials are heading to the G20 energy summit in Houston as the U.S. seeks additional oil investment and deals aimed at expanding the country’s crude production.
Read MessageIndia's inflation in August accelerated for the tenth month straight to 4.82% in August amid rising food and fuel prices.
Read MessageSaudi Arabia temporarily shut the roughly 750-mile pipeline as attacks threaten a key alternative to the Strait of Hormuz.
Read MessageU.S. diesel prices have surpassed $6 a gallon for the first time ever as the Ukraine and Iran wars drive broader energy supply concerns.
Read MessageBaker Hughes has yet to see higher borrowing costs slow investment in major energy projects.
Read MessageTrump said revenue from the Venezuela arrangement has "paid for the war many times."
Read MessageSaudi Arabia has faced escalating attacks from Iran-allied militant groups in recent days.
Read MessageU.S. Energy Secretary Chris Wright cautioned against expecting an Iran-Hormuz breakthrough, estimating alternative transit routes are still moving about 10 MMbpd of crude and oil products.
Read MessageThe latest strike happened ahead of an expected meeting between Iranian and Gulf officials in Oman to sign an agreement for shipping through the strait.
Read MessageChina, Iran's biggest trading partner and a key customer of Tehran's energy exports, is willing to work with BRICS towards peace in the region, Xi said.
Read MessageOil prices retreated on Friday on hopes of a resumptions in negotiations, but notched sharp weekly gains after soaring above $100 a barrel.
Read MessageBrent crude posted its biggest weekly gain since July despite a 2.8% Friday decline, as Saudi Arabia’s East-West pipeline shutdown and escalating Middle East hostilities heightened oil supply risks.
Read MessageIran-allied Houthi militants in Yemen have escalated strikes on Saudi Arabia this week.
Read MessageADNOC and XRG are pursuing new long-term LNG supply agreements with Germany’s RWE while expanding potential natural gas cooperation with SEFE across supply, infrastructure and logistics.
Read MessageThe IEA expects global oil supply to fall 5.7 MMbpd in 2026 as prolonged Middle East disruptions delay a recovery in Gulf production until 2027.
Read MessageGulf states and Iran are weighing talks in Oman on restoring shipping through the Strait of Hormuz as disruptions to the critical oil chokepoint continue to constrain regional energy flows.
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