Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
The White House has been signaling a diplomatic solution to the conflict in the Middle East, as discussions around continuing negotiations with Tehran are underway.
Read MessageOil prices fell as optimism grew that Iran may restart negotiations with the U.S. and Israel, easing tensions over the conflict that has disrupted the Strait of Hormuz.
Read MessageEIG has launched a new geothermal investment fund to support mid-stage project development in the U.S., aiming to accelerate next-generation geothermal power and subsurface energy growth.
Read MessageSenegal is advancing its hydrocarbon strategy through regulatory reforms and expanding oil and gas production, while developing gas-to-power infrastructure to support long-term energy growth.
Read MessageThe IEA, IMF and World Bank warn that the Middle East conflict is causing prolonged disruptions to global oil and gas markets, with supply shortages and elevated prices expected to persist.
Read MessageEquinor has sold an 8% stake in Scatec for approximately NOK 1.6 billion, reducing its shareholding while maintaining renewable energy partnerships in Brazil.
Read Messagebp CEO Meg O’Neill is restructuring the company to simplify operations and return to a traditional upstream and downstream model, as the company seeks to improve performance.
Read MessageTransocean has secured a $445 million contract extension with Petrobras for the Deepwater Corcovado drillship, extending operations offshore Brazil through 2030.
Read MessagePetrobras has approved FID for its SEAP I project offshore Brazil, advancing a major FPSO-led development that could unlock over 1 billion boe and expand gas supply from a new frontier basin.
Read MessageTraffic through the Strait of Hormuz remains at a trickle, despite President Donald Trump proclaiming that a ceasefire with Iran depended on it reopening.
Read MessageObsidian Energy rig-released 11 wells in Peace River during Q1 2026, including five Clearwater producers, four Clearwater injection wells and two Bluesky producers, spanning the Nampa, Harmon Valley South, Cadotte and West Dawson fields. The West Dawson 09-21 Clearwater pad delivered an IP22 of 299 boe/d per well, with oil quality of 16.5 API gravity....
Read MessageTransocean was awarded a 1,156-day contract extension for the Deepwater Corcovado drillship with Petrobras in direct continuation of its current activity, committing the rig through November 2030. The extension is expected to contribute approximately $445 million in incremental backlog. Prior to the start of the extension period, from 1 April 2026 until the commencement of...
Read MessageYPF awarded Halliburton a multibillion-dollar, multi-year contract to provide bundled unconventional completions services in the Vaca Muerta shale play in Argentina. The award followed a competitive process and establishes a dedicated, exclusive collaboration between the two companies. Under the contract, Halliburton will deploy its ZEUS electric fracturing services in their first international application. The agreement...
Read MessageU.S. moves to blockade Iran, and let a Russian oil waiver lapse, squeeze India’s energy supplies, exposing its vulnerability under rising U.S. pressure.
Read MessageBP said its oil trading performance had turned around dramatically after a "weak" fourth quarter.
Read MessageU.S. Vice President JD Vance said Monday that the next steps in U.S.-Iran peace efforts now depend on Tehran.
Read MessageThe U.S. team of Vance and special envoys Steve Witkoff and Jared Kushner made progress with Iran during the Islamabad talks, the vice president said.
Read MessageChevron has expanded its heavy oil position in Venezuela through an asset swap with PDVSA, increasing its stake in Petroindependencia and advancing development in the Orinoco Belt.
Read MessageA former Pentagon official said the goal of the U.S. blockade is to get the Iranians to back down and restore freedom of navigation to the strait.
Read MessageWhile the United States leans into its domestic crude oil production, one state is being left out to dry, California.
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