Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
TotalEnergies has confirmed a hydrocarbon discovery at the Moho license offshore Congo, with estimated resources of around 100 MMbbl and plans for a tie-back to existing production infrastructure.
Read MessageHalliburton has secured a multibillion-dollar contract from YPF to provide unconventional completions and electric fracturing services in Argentina’s Vaca Muerta shale play.
Read MessageBorr Drilling reported operational updates across its fleet, including the resumption of Middle East operations following a previously disclosed regional disruption, and a new contract award in Southeast Asia. In the Middle East, the Arabia III resumed operations offshore Saudi Arabia in late March 2026. Borr has also received resumption notices for the Groa in...
Read MessageBP agreed to acquire a 60% operating interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil & Gas, marking BP’s entry into the country as an operator. Subject to Namibian government approvals, BP will operate blocks PEL97, PEL99 and PEL100 in the Walvis Basin. Eco Atlantic will remain a partner alongside Namibia’s...
Read MessageTotalEnergies EP Congo made a hydrocarbon discovery on the Moho license, offshore the Republic of Congo, following the drilling of the MHNM-6 exploration well targeting the Moho G structure. The well encountered a hydrocarbon column of approximately 160 m in good-quality Albian reservoirs. An extensive data acquisition and sampling campaign was carried out to support...
Read MessageEnergy and marine consultancy ABL signed a memorandum of understanding (MOU) with Egyptian offshore construction and services company Petroleum Marine Services (PMS) to collaborate on rig moving services and marine assurance and risk. Under the MOU, ABL’s local operations in Egypt can be called upon on a call-off basis to provide rig moving and operations...
Read MessageEco Atlantic has farmed down a 60% interest in its Namibia offshore exploration licenses to bp, transferring operatorship as part of a deal to advance exploration in the Walvis basin.
Read MessageOPEC oil output fell by nearly 8 million bpd in March, the largest drop on record, as the Iran war and Strait of Hormuz disruption curtailed exports from key Gulf producers.
Read MessageABL and Petroleum Marine Services (PMS) have signed an MoU to provide offshore rig moving, marine assurance and risk services in Egypt, supporting drilling operations in the Red Sea and Gulf of Suez.
Read MessageCoreMarine and Jumbo Offshore have secured a contract to install soft-yoke mooring systems and perform hook-up of FLNG vessels offshore Argentina, supporting the country’s growing gas export infrastructure.
Read MessageTotalEnergies and TPAO have signed an exploration MoU to jointly assess oil and gas opportunities in Türkiye’s Black Sea and international regions, expanding collaboration in offshore exploration.
Read MessageThe U.S. blockade, set to begin at 10 a.m. ET, will apply to "any and all Ships trying to enter, or leave, the Strait of Hormuz," President Donald Trump said.
Read MessageEuropean leaders welcome the election of a pro-EU candidate while Russia and the U.S. lose an ally after the defeat of Viktor Orbán.
Read MessagePresident Donald Trump had signaled that other countries would help the U.S. in its blockade.
Read MessageThe U.S. naval blockade of the Strait of Hormuz threatens to halt more tanker traffic, sending oil surging and risks drawing China into a widening confrontation with Washington.
Read MessageInvestors appear to have already priced in much of the geopolitical risks and are growing less reactive to headlines.
Read MessageOil giant BP is bracing for a possible shareholder revolt at its upcoming annual general meeting.
Read MessagePresident Donald Trump said he ordered the U.S. Navy to find and interdict any ship in international waters that has paid a toll to Iran to transit the strait.
Read MessageTürkiye has launched its first overseas offshore drilling campaign, deploying the Çağrı Bey drillship to drill the Curad-1 ultra-deepwater well offshore Somalia, targeting a potential oil discovery.
Read MessageTotalEnergies is advancing a major Africa project pipeline, including Congo oil developments, Mozambique LNG restart and Namibia exploration, positioning for production growth through 2026.
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