Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Gulf states and Iran are weighing talks in Oman on restoring shipping through the Strait of Hormuz as disruptions to the critical oil chokepoint continue to constrain regional energy flows.
Read MessageEnergy Holdings and Ventura Offshore have signed an LOI for an all-share combination that would create a roughly $1 billion offshore energy services group with $1.3 billion in contracted revenue backlog.
Read MessageWell integrity specialist Unity completed a thru-tubing well intervention in Central Italy for SMAPE, engineering a custom inflatable cement retainer to achieve well isolation after standard cementing and mechanical options fell short. The job followed conventional cement squeeze operations that failed to isolate a thief zone behind a slotted liner that was absorbing cement. The...
Read MessageOslo-listed SED Energy Holdings and Ventura Offshore signed a letter of intent on 11 September 2026 for an all-share combination that would create a larger offshore drilling and energy services group. Energy Holdings would acquire 100% of Ventura Offshore’s outstanding shares and remain the listed parent, with Ventura Offshore continuing as a dedicated deepwater drilling...
Read MessageThe energy agency warned shrinking inventories and strained refineries could further tighten markets.
Read MessageThe decline snapped multi-day winning streaks for both Brent and WTI crude oil futures.
Read MessageThe advance raises the threat to shipping near the Bab el-Mandeb Strait, a waterway that connects the Red Sea to the Gulf of Aden to global markets.
Read MessageSpeaking to Fox News presenter Laura Ingraham, Trump said that he would have attacked Iran despite the impact on the midterm elections.
Read MessageAfreximbank is exploring new financing opportunities across Angola’s oil and gas sector after investing nearly $2 billion in the industry, with a focus on expanding local ownership and participation.
Read MessageShell will acquire 169 MW of natural gas-fired power generation in Pennsylvania while selling its interests in the 609-MW RISEC gas-fired power plant to Constellation Energy for $715 million.
Read MessageNeutron Inc. has introduced the Moxa EDR-8010 industrial secure router, integrating firewall, VPN, NAT, Layer 3 routing and managed switching for secure industrial networks.
Read MessageU.S. crude oil production is forecast to reach a record 13.8 MMbpd in 2026 as higher oil prices support Permian drilling and new Gulf of America projects boost offshore output, according to EIA.
Read MessageOdfjell Drilling received a letter of award from Vår Energi for the Deepsea Bergen semisubmersible, covering three years of drilling work starting in early 2028. The award follows completion of the rig’s current contract and extends the Deepsea Bergen’s firm backlog to Q1 2031. The Deepsea Bergen is a CS 60 E harsh-environment semisubmersible built...
Read MessageEnCap Investments-backed Grenadier Energy Partners III made its entry into eastern Ohio’s Utica play, putting its first three wells online this spring in Belmont County. The company joins operators including EOG Resources, Infinity Natural Resources and Ascent Resources in the play. The wells, DL Mayberry A #1H and #2H and DL Mayberry B #3H in...
Read MessageExxonMobil and its partners confirmed a new hydrocarbon discovery at the Vicango East-01 exploration well in Angola’s offshore Block 15. The well is located about 370 km northwest of Luanda and was drilled in 940 m of water by the Valaris DS-9 drillship. Vicango East-01 encountered approximately 25 m (82 ft) of high-quality, hydrocarbon-bearing sandstone...
Read MessageTotalEnergies confirmed a new oil discovery at Acacia-5 in Angola’s Block 17 and said it plans to bring the well onstream within three months of the June 2026 discovery, using available capacity on the Pazflor FPSO. Acacia-5 is expected to add 6,000 barrels of oil per day (bopd) to Block 17 production. The discovery marks...
Read MessageTotalEnergies is fast-tracking its Acacia-5 oil discovery offshore Angola to first production just three months after discovery, while adding two operated exploration blocks in the Lower Congo basin.
Read MessageThe Iran war and the AI boom have created a crowded market for mineral rights and other energy assets.
Read MessageWorries that escalating tensions in the Middle East could further exacerbate supply disruptions pushed oil prices higher.
Read MessageNew and expanded pipeline routes could accommodate 2–3 MMbpd of Western Canadian oil growth into the late 2030s, as takeaway capacity increasingly moves ahead of producer needs.
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