Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Trump said the temporary ceasefire is "subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz."
Read MessageCB&I has completed its acquisition of Petrofac’s Asset Solutions business, adding operations, maintenance, wells and decommissioning services to expand its global energy services portfolio.
Read MessageMaverickX has opened a new production facility in Pleasanton, Texas, scaling output of its PetroX chemical solutions used for enhanced oil recovery, water treatment and critical mineral extraction across oil and gas operations.
Read MessageEgypt has agreed to purchase the full output of Cyprus’ Aphrodite gas field under a long-term deal, securing future supply as domestic production declines and demand continues to rise.
Read MessageONE-Dyas started gas production from the second production well on the N05-A platform in the North Sea, increasing the platform’s annual output to approximately 1 billion cu m per year. The first production well had been producing approximately 700 million cu m per year. ONE-Dyas said maximum production capacity of 2 billion cu m per...
Read MessageChevron confirmed an oil discovery at the Bandit prospect in the US Gulf of Mexico, located in Green Canyon Block 680 approximately 125 miles south of the Louisiana coast. The exploration well encountered high-quality, full-to-base oil-bearing Miocene sands. Bandit is operated by Occidental, which holds a 45.375% working interest. Chevron holds a 37.125% working interest...
Read MessageSLB OneSubsea was awarded a contract by Beacon Offshore to deliver a high-pressure, high-temperature (HPHT) multiphase boosting system for the Shenandoah field in the US Gulf of Mexico. The system is engineered to operate above 15,000 psi, addressing operating conditions that exceed the limits of conventional subsea solutions. SLB OneSubsea began engagement with Beacon in...
Read MessageOccidental has reported an oil discovery at the Bandit prospect in Green Canyon Block 680 in the U.S. Gulf, encountering oil-bearing Miocene sands with potential for subsea tieback development.
Read MessageSLB OneSubsea has secured a contract from Beacon Offshore Energy to deliver an HPHT multiphase boosting system for the Shenandoah field in the Gulf of Mexico, supporting enhanced recovery in a deepwater development.
Read MessageAfter ESG pressures forced private equity investors out of oil and gas, investment firms of ultra-wealthy families stepped up.
Read MessageThe Hormuz disruption is hammering Asian economies with surging energy costs and weakening currencies, but a repeat of the crisis three decades ago is unlikely.
Read MessageTraffic through the Strait of Hormuz has yet to see a meaningful rebound and this could continue for weeks, warn shipping experts.
Read MessageAn unusually powerful El Niño weather event could take shape later this year, exacerbating global food security fears.
Read MessageOil markets rose after Iran accused the United States of violating elements of a two-week ceasefire agreement.
Read MessageOil and gas prices dropped sharply after a U.S.-Iran ceasefire deal, but the market remains on edge as Strait of Hormuz flows are still largely restricted. With more than 800 vessels stranded and supply disruptions lingering, the pace of recovery remains highly uncertain.
Read MessageU.S. Bureau of Land Management (BLM) oil and gas lease sales generated $592.7 million in total receipts during the first quarter of 2026, reflecting continued federal leasing activity across multiple basins and a renewed sale in Alaska’s National Petroleum Reserve.
Read MessageSantos reported strong results from its Quokka-1 appraisal well on Alaska’s North Slope, confirming high-quality Nanushuk reservoir performance with flow rates of 2,190 bopd as development planning advances alongside the Pikka project.
Read MessageWith oil prices plunging after the U.S. and Iran agreed to a two-week ceasefire, gas prices at the pump might soon follow, at least for now.
Read MessageAirlines are raising fares, adding fuel surcharges and increasing fees to check bags. Budget conscious travelers are wondering where to turn.
Read MessageU.S. oilfield services employment rose to 627,018 jobs in March, gaining 1,877 positions month over month, as energy service companies cautiously increase hiring amid improving market conditions.
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