Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
TGS has secured a three-year extension for its ocean bottom node (OBN) seismic acquisition contract in the Gulf of America/Mexico, supporting ongoing offshore exploration and development activity.
Read MessageSable Offshore is ramping production at its Santa Ynez Unit and targeting new output in 2026, while advancing refinancing plans and pursuing legal claims tied to its California operations.
Read MessageEni made a gas discovery with the Geliga-1 exploration well in the Ganal block, Kutei Basin, offshore Indonesia, approximately 70 km from the East Kalimantan coast. Preliminary estimates indicate in-place resources of approximately 5 Tcf of gas and 300 million barrels of condensate. The well was drilled to a total depth of approximately 5,100 m...
Read MessageADX Energy spudded the Hochfeld-1 (HOCH-1) shallow gas exploration well in its ADX-AT-I exploration license in Upper Austria on 16 April 2026, using the MND Drilling & Services MD-150 drilling rig. As of 19 April, the well was drilling ahead in 8½-in. hole at a measured depth of 96 m. The well is expected to...
Read MessageEni and Repsol have reached an agreement to expand Venezuela’s offshore Perla gas field, targeting LNG exports by 2031 as production ramps up and sanctions ease.
Read MessageKuwait has declared force majeure on oil and refined product shipments as the Strait of Hormuz blockade disrupts export flows, highlighting the growing impact of the Middle East conflict on global energy markets.
Read MessageAs Iran again closes the Strait of Hormuz after a brief reopening, energy analyst Arjun Murti tells World Oil that markets may be misreading the situation, with no clear “open” or “closed” outcome in sight.
Read MessageCrude oil prices surged Sunday, as the U.S. and Iran teetered on the brink of a renewed war after attacks on commercial ships in the Strait of Hormuz.
Read MessageMoveout Data has launched Metaseis, a seismic data management software platform designed to streamline processing, improve data accessibility and support AI-driven analytics in upstream workflows.
Read MessageOp-Ed: Africa’s energy transition will depend on governance, investment and continued oil and gas development, according to industry commentary on balancing growth and decarbonization.
Read MessageGas prices are more than $4 per gallon on average in the U.S. right now, a massive spike from just months ago.
Read MessageThe U.S. Bureau of Land Management will hold a 2026 lease sale in Alaska’s Arctic Coastal Plain, advancing federal efforts to expand oil and gas development.
Read MessageShipping in the Strait of Hormuz has stalled after Iran reversed course and threatened vessels, raising risks to global oil flows and complicating U.S.-Iran peace negotiations.
Read MessageIran's top negotiator says his government has "no trust" in its enemies, after Trump says the U.S. won't be blackmailed.
Read MessageTalos Energy founder Tim Duncan is backing a new oil company that has entered the U.S. Gulf with its first acquisition. The deal brings in former Goldman Sachs analyst Jeff Currie as the venture targets offshore production growth.
Read MessageIran’s reopening of the Strait of Hormuz eased oil prices at the end of a volatile week, but markets remain on edge as shipping flows and ceasefire stability come into focus.
Read MessageTexas upstream employment slipped early this year, but hiring demand remains strong, with more than 8,500 job postings in February, according to TIPRO.
Read MessageEnergy NL has appointed a new board of directors following its AGM, with leadership set to guide Newfoundland and Labrador’s offshore energy sector and local industry participation.
Read MessageBREAKING: Iran says the Strait of Hormuz is open again during a Lebanon ceasefire, sending oil prices sharply lower. The move could ease supply pressures—if the truce holds.
Read MessageIran says the Strait of Hormuz is open again during a Lebanon ceasefire, sending oil prices sharply lower. The move could ease supply pressures—if the truce holds.
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