Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Georgina Energy issued a letter awarding Ensign Australia the drilling contract for a re-entry well at the Hussar prospect in EP513, onshore Australia, though final contract terms remain under negotiation. The program will use an Ensign 970 ADR-1500 automated drilling rig, which has a hookload capacity of 750,000 lbs and is capable of drilling to...
Read MessageStena Drilling received a contract from Energean Hellas to drill one exploration well offshore Greece using the drillship Stena DrillMAX. The well is located in Block 2 in the northwestern Ionian Sea and will require managed pressure drilling (MPD). It is the first deepwater well to be drilled offshore Greece. Operations are expected to begin...
Read MessageAirlines have raised airfare, fuel surcharges and baggage fees this year to help cover a surge in fuel costs since the Iran war started on Feb. 28.
Read MessagePetrobras shareholders vote on a new board this week as surging oil prices intensify pressure on Brazil’s fuel pricing policy. The outcome could shape how the state-controlled company balances political priorities with market realities.
Read MessageABL Group and PetroSafe have signed an MoU to enhance offshore and onshore asset integrity, safety and marine assurance services across Egypt’s growing energy sector.
Read MessageAMEXHI has backed Mexico’s energy strategy while urging improved competitiveness, regulatory certainty and security to attract oil and gas investment and strengthen energy security.
Read MessageKim said South Korea will focus on wind and solar power to achieve its goal of reaching 100 gigawatts renewable energy capacity
Read MessageIran war cuts India’s March goods exports by over 7%, hammering key sectors and markets, lifting costs and delaying recovery for months.
Read MessageGoSubsea and Envirent have formed a strategic alliance to combine subsea equipment and ROV tooling rental capabilities, streamlining offshore project execution and improving operational efficiency.
Read MessageThe U.S. has expanded sanctions targeting an Iranian oil shipping network tied to Hossein Shamkhani, aiming to curb crude exports as tensions in the Strait of Hormuz disrupt global supply.
Read MessageStena Drilling has secured a contract from Energean to drill the first deepwater exploration well offshore Greece, targeting Block 2 in the Ionian Sea with the Stena DrillMAX rig.
Read MessageSaipem has secured $400 million in offshore EPCI contracts from Aramco for water injection platforms, pipelines and subsea infrastructure at the Safaniya oil field in Saudi Arabia.
Read MessageOil tanker traffic through the Strait of Hormuz remains at a trickle as the U.S. enforces a retaliatory blockade of Iranian ports.
Read MessageBGN has partnered with CCEC in a joint venture to charter its first LNG carrier, Amore Mio I, under a long-term agreement of up to 16 years, expanding its global LNG shipping capacity.
Read MessageIt will take "a few months for things to come back" once the Strait of Hormuz is no longer effectively closed, Banga said.
Read MessageVår Energi has submitted a PDO for the Goliat gas export project in the Barents Sea, aiming to boost oil recovery, export gas to Hammerfest LNG and extend field life to 2050.
Read MessageThe Permian basin holds an estimated 55,000 sub-$50/bbl drilling locations, according to Enverus, highlighting expanding low-cost inventory alongside emerging development sequencing risks.
Read MessageThe U.S. and Iran are moving toward further negotiations to extend a fragile ceasefire, even as tensions over the Strait of Hormuz continue to disrupt global oil flows and keep markets on edge.
Read MessageDolphin Drilling signed a letter of intent for a contract for the semisubmersible Borgland Dolphin. The undisclosed client’s contract is valued at approximately $230 million and is scheduled to begin in the second half of 2027, in direct continuation following the rig’s release from an existing contract with Repsol. The firm term runs through October...
Read MessageThe strait has been effectively closed since the U.S. launched a war with Iran, spiking energy prices and whipsawing markets.
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