Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Kazakhstan has upheld a $5 billion environmental fine against operators of the Kashagan oil field, intensifying a legal dispute over sulfur storage and project compliance.
Read MessageTalos Energy founder Tim Duncan is backing a new oil company that has entered the Gulf of Mexico with its first acquisition. The deal brings in former Goldman Sachs analyst Jeff Currie as the venture targets offshore production growth.
Read MessageMetropolitan CCS, a joint venture between INPEX and Kanto Natural Gas Development, received approval from Japan’s Minister of Economy, Trade and Industry to conduct CCS exploration drilling offshore Kujukuri on the east coast of Chiba Prefecture. Two wells will be drilled using a jackup drilling barge — the first, Kujukuri-Oki A, at approximately 1,900 m...
Read MessageBrookside Energy finalized a drilling contract with Kenai Drilling for Rig 18 to drill a two-well development pad at the Suttles site in the SWISH area of interest in Oklahoma’s Anadarko Basin. The rig will drill the Sabres well, targeting the Sycamore Formation, and the Whalers well, targeting the Woodford Formation, consecutively. Each well will...
Read MessageModuSpec secured a series of shipyard-based rig intake and inspection projects covering two drillships and two jackup rigs scheduled for deployment across Europe and Africa. On the first drillship, a multidisciplinary ModuSpec team is scheduled to attend Las Palmas shipyard to verify equipment readiness and assess contractor management systems, including HSE factors and crew competency,...
Read MessageADES secured three-year contracts for three jackup rigs with West African Exploration and Production (WAEP), a subsidiary of Dangote Group, for field development work offshore Nigeria, and extended a fourth rig’s contract with Chevron Nigeria, ADES announced in filings to the Saudi Exchange. The WAEP contracts each carry a two-year option extension, with operations for...
Read MessageDNV in collaboration with the international energy company Equinor, has introduced a new incident taxonomy that helps organizations improve how they classify, understand, and learn from incidents. The taxonomy, called Event Learning Taxonomy CLUE, uses neutral language, fewer categories and a systems-based approach to strengthen learning and reduce bias. Many organizations rely on incident reporting...
Read MessageFrom Cuba to the Persian Gulf, Trump is expected to face fresh challenges across a new arc of tanker diplomacy.
Read MessageThe 2026 IADC Drilling Africa Conference & Exhibition took place in Windhoek, Namibia from 24-25 February. A wide range of topics was covered, including AI, geothermal drilling, sustainability, automation, well control and engaging Gen Z. *IADC and Drilling Contractor provides authorization for these photos to be used only on social media. All other uses are...
Read MessageThe southern European country has ramped up its investment in solar and wind technologies in recent years.
Read MessageU.S. pushes energy sales to energy‑starved India, but higher costs, refinery mismatches, and tight supply pose risks.
Read MessageOil shipments through the Strait of Hormuz are at a near-standstill as producers and tanker owners clash over who bears transit risk. The standoff is driving freight rates higher and adding pressure to already strained global supply flows.
Read MessageOil prices fell after Donald Trump said Israel and Lebanon had agreed to a 10-day ceasefire following talks in Washington.
Read MessageNamibia is accelerating petroleum law reforms to strengthen investment conditions and support offshore development in the Orange basin as the country moves toward first oil.
Read MessageThe White House is pressing U.S. oil producers to increase output as a global supply shock unfolds. But with uncertainty over how long disruptions will last, companies remain cautious on new drilling.
Read MessageJust a few tankers are passing through the Strait of Hormuz, as the U.S. Navy blocks Iran's coast and Tehran threatens to retaliate against ships in the Gulf.
Read MessageOil shipments through the Strait of Hormuz are slowing as producers and tanker owners clash over who bears transit risk. The standoff is driving freight rates higher and adding pressure to already strained global supply flows.
Read MessageTransocean has secured a $158 million contract for its Deepwater Asgard drillship in the Eastern Mediterranean, supporting a five-well campaign set to begin in late 2026. The award adds to a wave of recent backlog growth as offshore drilling activity strengthens globally.
Read MessageAssala has achieved first oil at the Grand N’Gongui field in Gabon, launching a phased development targeting over 10,000 bopd and unlocking significant onshore reserves.
Read MessageTransocean received a five-well contract in the Eastern Mediterranean Sea with an undisclosed operator for the drillship Deepwater Asgard, the company announced 16 April. The 390-day campaign is expected to begin in Q4 2026. The contract is valued at approximately $158 million in backlog, excluding additional services and compensation for mobilization and demobilization. The post...
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