Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Valeura Energy chartered the Shelf Drilling Enterprise jackup for a three-year term running to 31 December 2029, with drilling operations expected to begin in Q4 2026 focused initially on production acceleration projects. The Enterprise is a Baker Marine Pacific Class 375 jackup built in 2007 and upgraded in 2020, capable of operating in water depths...
Read MessageSantos is restructuring its Australia and Papua New Guinea upstream operations to cut costs and improve efficiency as the company shifts focus from growth to profitability.
Read MessageSeadrill secured two contract awards with LLOG Exploration Company, a subsidiary of Harbour Energy, for drillships operating in the US Gulf, adding approximately $260 million to backlog. The ultra-deepwater drillship West Neptune received a 365-day contract extension with operations scheduled to begin in September 2026. The ultra-deepwater drillship West Vela was awarded a 270-day program...
Read MessageThe Trump administration is preparing to rescue ailing budget carrier Spirit Airlines.
Read MessageSeadrill has secured new U.S. Gulf contracts for its West Neptune and West Vela drillships, adding $260 million to backlog and reinforcing ultra-deepwater activity in the region.
Read MessageOil prices edged lower on Wednesday as uncertainty lingered over the trajectory of the U.S.–Iran conflict.
Read MessageSaipem has secured early-stage SURF work on ExxonMobil’s Longtail project offshore Guyana, signaling continued momentum in one of the world’s fastest-growing deepwater basins.
Read MessageA last-minute extension of the Iran ceasefire has not eased tensions in global energy markets, with the U.S. maintaining its blockade of the Strait of Hormuz after negotiations with Tehran collapsed.
Read MessageEni’s 5-Tcf Geliga discovery offshore Indonesia adds significant new gas volumes and reinforces the Kutei basin’s role as a key growth hub for LNG supply and deepwater development.
Read MessageStalled U.S.-Iran talks ahead of the ceasefire deadline are casting doubt on reopening the Strait of Hormuz, leaving global oil flows and tanker traffic in limbo.
Read MessageInnovex has acquired Drilling Innovative Solutions, adding float valves and cementing tools to expand its downhole technology portfolio and support well construction efficiency.
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Read MessageWelcome to DC’s latest Digital Reader, offering the entire May/June 2026 edition in English. DC‘s Digital Reader is a faithful recreation of the printed magazine, in digital form! Digital Reader can be viewed on an iPad or Android tablet, and/or your Windows or MacOS computer. Swipe through pages (click + drag on a computer), or...
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