Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Siemens Energy and TCS have expanded their partnership to deploy AI-driven solutions across energy operations, industrial systems and data center infrastructure to improve efficiency and reliability.
Read MessageHalliburton has been awarded a contract for Greenland Energy’s 2026 Arctic drilling campaign, advancing exploration in the frontier Jameson Land basin.
Read MessageShell has agreed to acquire ARC Resources in a $13.6-billion deal, adding Montney shale production and strengthening its oil and gas portfolio in Canada.
Read MessageVallourec signed a five-year supply agreement with next-generation geothermal developer Fervo Energy to support the scaled deployment of geothermal energy across the United States in a deal that draws directly on drilling technology developed for shale applications. Under the agreement, Vallourec will serve as Fervo’s exclusive supplier of US-manufactured tubular solutions and VAM connections, delivered...
Read MessageThe US Department of Energy’s Hydrocarbons and Geothermal Energy Office selected the Pennsylvania Department of Environmental Protection to lead the project, which will convert a horizontal Utica Shale gas well into an enhanced geothermal system. The effort will also test various techniques to create the fractures necessary for a human-made geothermal reservoir. Located in the...
Read MessageArcher was awarded a three-year contract extension by Equinor for the provision of wireline and intervention services on the Norwegian Continental Shelf, building on an integrated wireline contract originally awarded in 2021. While the original agreement included optional extension periods of three times two years, the current award represents a firm three-year extension, providing continued...
Read MessageGeoPark initiated drilling of lateral sections at the Loma Jarillosa Este block in Argentina’s Vaca Muerta during Q1 2026, with the first two wells of a five-well pad reaching their respective target depths on 1 April and 15 April. The company is drilling the remaining three of five lateral sections at Pad-1030, which had been...
Read MessageShell has agreed to acquire ARC Resources in a $13.6-billion deal, adding Montney shale production and strengthening its oil and gas portfolio in Canada.
Read MessageThe transaction will add roughly 370,000 barrels of oil equivalent per day to Shell's portfolio and is designed to boost the firm's long-term production.
Read MessagePresident Donald Trump on Saturday cancelled plans to send U.S. envoy Steve Witkoff and Jared Kushner to Islamabad, Pakistan for negotiations with Iran.
Read MessageGeoPark reported higher oil and gas production in first-quarter 2026, supported by Colombia operations, while initiating drilling activity in Argentina’s Vaca Muerta shale play to drive future growth.
Read MessageA nearly 1-billion-barrel supply loss tied to the Hormuz disruption is pushing oil markets toward a turning point, with traders warning demand destruction is set to accelerate globally.
Read MessageU.S.-Iran talks have stalled after Washington canceled a key diplomatic trip and Tehran rejected negotiations under pressure, as blockades keep Strait of Hormuz traffic near a standstill.
Read MessageA sanctioned Iranian oil tanker halted in the Strait of Hormuz amid a U.S. blockade, as shipping traffic through the key oil chokepoint remains severely constrained.
Read MessageArgentina’s incentive program is expected to accelerate development of a $12-billion Vaca Muerta shale oil project, boosting production and investment in the country’s key basin.
Read MessageBaker Hughes CEO Lorenzo Simonelli expects upstream oil and gas investment to rebound in 2026–2027, driven by energy security concerns and supply disruptions linked to the Iran conflict.
Read MessageAPPO is pushing regional energy hubs to connect infrastructure and unlock Africa’s oil and gas potential, as operators look to scale investment and monetize the continent’s vast gas reserves.
Read MessageThe White House has extended a Jones Act shipping waiver to mid-August, allowing foreign vessels to transport oil and fuel between U.S. ports to ease supply disruptions linked to the Iran conflict.
Read MessagePresident Donald Trump said he is in no rush to make a peace deal, claiming the Iran war has harmed stocks and oil prices less than he expected.
Read MessageEnerMech secured a multi-year contract with an undisclosed UK Continental Shelf operator to deliver integrated topside process services across a portfolio of offshore assets. Under the contract, EnerMech will provide bolting, leak testing, nitrogen services, fluid pumping, cryogenic pipe freezing, machining, hydrostatic and ultrasonic testing, and pre-commissioning and commissioning support. Operational delivery will be led...
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