Forum Energy Technologies launches compact LARS for ROV subsea operations
Forum Energy Technologies has launched a compact, integrated LARS designed to improve efficiency in ROV inspection, maintenance and subsea operations.
Read Message
Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Geolander advances Angola seismic campaign for CO₂ storage assessment
Geolander has launched a high-density nodal seismic survey in Angola using STRYDE technology to support CO₂ storage evaluation and reduce subsurface uncertainty.
Read MessageJetBlue is full steam ahead on Fort Lauderdale, regardless of Spirit's fate
JetBlue, United, Frontier and others added service to airports Spirit services after the carrier filed for bankruptcy for the second time in less than a year.
Read MessageSLB launches new geosteering tool to enhance reservoir visibility
SLB has introduced AlphaSight to expand real-time subsurface insight, supporting more accurate geosteering and reservoir navigation.
Read MessageOdfjell Technology signs P&A technology deal for Southeast Asia wells
Odfjell Technology and ANT are partnering to deploy an advanced erosion tool for rigless P&A operations, targeting Southeast Asia’s growing well abandonment backlog.
Read MessageUAE to exit OPEC as Iran war reshapes global oil supply
The UAE is set to exit OPEC after six decades, signaling a major shift in global oil markets as supply disruptions from the Iran war intensify.
Read MessagePetrodec’s OBANA advances North Sea decommissioning program
Petrodec has deployed its OBANA jackup to the North Sea, kicking off a new campaign to remove offshore platform jackets for Perenco UK.
Read MessageUnited Arab Emirates leaving OPEC, effective May 1
The UAE said it decided leaving OPEC was in its national interest after reviewing its production policy and capacity.
Read MessageNoble books $565 million in new contracts
Noble Corp booked approximately $565 million in new contract value since its January 2026 fleet status report, with backlog standing at $7.5 billion as of 27 April 2026. The Noble Courage received a 1,115-day extension from Petrobras in Brazil, running through December 2030 at $309,500/day, adding a net $339 million to backlog. The Noble Deliverer...
Read MessageOdfjell Technology signs MoU with ANT for P&A work in Southeast Asia
Odfjell Technology signed a memorandum of understanding with Applied New Technologies (ANT) to deploy ANT’s wellANT nozzle head erosion technology for plug and abandonment (P&A) operations across Southeast Asia. Odfjell Technology will offer deployment of the wellANT tool in conjunction with its rigless unit and fishing milling techniques. The wellANT system is based on ANT’s...
Read MessageNG Energy reports gas discovery at Hechicero-1X in Colombia
NG Energy International Corp. reported a new gas discovery at the Hechicero-1X exploration well on the Sinu-9 block in Colombia, with initial well tests from the Pre-CDO–San Cayetano interval delivering a production rate of 26.4 MMcf/d on a 43/128 choke at 1,800 psi wellhead pressure. The well, spudded 24 February 2026, reached a total measured...
Read MessageHalliburton to provide well services for Greenland Energy’s Jameson Land drilling campaign
Greenland Energy Company signed an agreement with Halliburton for integrated consulting, well, and drilling services in support of Greenland Energy’s onshore exploration campaign in the Jameson Land Basin. The agreement covers logistical management, equipment handling and transportation, and comprehensive well and drilling services for the campaign. Greenland Energy plans to drill its first two wells...
Read MessageAkita Drilling to acquire Fox Drilling from Paramount Resources
Akita Drilling agreed to acquire Fox Drilling, the drilling subsidiary of Canadian E&P company Paramount Resources, in an all-share transaction expected to close in June 2026. Akita will issue 19,264,270 voting common shares to Paramount in exchange for Fox’s assets, which consist of six triple drilling rigs – five of them high-specification AC walking rigs...
Read MessageBP profits more than double, beating expectations as Iran war boosts oil prices
The results come shortly after BP's board suffered a shareholder revolt at its annual general meeting.
Read MessageOil edges higher as traders weigh Iran’s Hormuz offer and Trump’s next move
Oil prices edged higher as investors parsed fresh signals from U.S.-Iran negotiations, with uncertainty over a potential de-escalation keeping markets on edge.
Read MessageU.S. cancels more wind leases as investment shifts to oil, gas and LNG
Two offshore wind leases have been scrapped as developers redirect nearly $900 million into U.S. oil, gas and LNG projects, signaling a policy-driven shift toward conventional energy investment.
Read MessageCanada launches $25-billion fund to back oil, gas and LNG infrastructure growth
Canada has launched a $25 billion sovereign wealth fund to support energy, LNG and infrastructure projects, signaling increased federal backing for oil and gas development and export capacity.
Read MessageRubio: U.S. will not accept Iran control of key oil chokepoint Hormuz
The U.S. is pushing back on Iran’s proposed terms to reopen the Strait of Hormuz, with Secretary of State Marco Rubio warning Washington cannot accept Tehran controlling access to the key oil chokepoint.
Read MessageIran would reopen Strait of Hormuz, postpone nuclear talks if U.S. lifts blockade and war ends: Reports
The Trump administration has repeatedly insisted that the central goal of the conflict is keeping Iran from ever obtaining a nuclear weapon.
Read MessageADNOC L&S takes delivery of sixth LNG carrier to expand global supply fleet
ADNOC Logistics & Services has taken delivery of its sixth LNG carrier, expanding its fleet capacity to support global gas supply and long-term shipping contracts.
Read Message