Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Iran is reportedly planning to demand that shipping firms pay tolls in cryptocurrency to let their oil tankers through the Strait of Hormuz.
Read MessageA U.S.-Iran ceasefire agreement is set to reopen the Strait of Hormuz, easing supply concerns and triggering sharp declines in oil and natural gas prices, though uncertainty remains over safe transit and the truce’s durability.
Read MessageExxonMobil reported a 6% drop in global production in the first quarter as Middle East conflict disrupted Gulf operations, including damage to LNG facilities in Qatar.
Read MessageSundaGas signed a letter of intent with Finderto jointly secure a drilling rig for separate drilling campaigns offshore Timor-Leste. SundaGas operates the TL-SO-19-16 Production Sharing Contract, which contains the Chuditch gas field, where it plans to drill the Chuditch-2 appraisal well. Finder operates the Kuda Tasi and Jahal fields offshore Timor-Leste and plans to drill...
Read MessageReach Oil and Gas is set to spud the Crossroads well in Southern Oklahoma on or around 16 April 2026. Union Jack Oil holds a 43% interest in the well, with drilling costs already funded. Crossroads will penetrate a large four-way dip-closed structure mapped on 3D seismic in the Oil Creek Sand. The operator estimates...
Read MessageSantos completed the Quokka-1 appraisal well in the Quokka Unit on Alaska’s North Slope, further delineating the high-quality Nanushuk reservoir. Santos operates the unit with a 51% working interest, with Repsol holding the remaining 49%. The well was spudded on 1 January and drilled to a total depth of 1,459 m, encountering approximately 43 m...
Read MessageDelta is scaling back its flight plans as fuel costs grow to reduce its expenses.
Read MessageA two-week ceasefire between the U.S. and Iran sparked a broad-based relief rally across risk assets, and even buoying traditional safe havens.
Read MessagePresident Donald Trump had threatened to destroy Iran's entire civilization if his 8 p.m. ET deadline to reopen the Strait of Hormuz is not met.
Read MessageSLB OneSubsea and Subsea7 have signed a collaboration agreement with PETRONAS Suriname to accelerate offshore subsea developments, enabling early engagement and integrated EPCIC delivery across multiple projects.
Read MessageEmerson is adding AI capabilities to its Guardian platform, helping oil and gas operators improve automation performance, speed up troubleshooting and maintain reliability across increasingly complex operations.
Read MessageColombia’s Ecopetrol has avoided potential operational disruption after its main oil workers union dropped a strike threat following the CEO’s departure, easing near-term risks to production.
Read MessageNigeria is highlighting renewed upstream investment and production growth ahead of the Invest in African Energy Forum in Paris, as reforms and new projects position the country to attract global oil and gas capital.
Read MessageAker BP has started production from the Symra field offshore Norway nine months ahead of schedule, adding a subsea tieback to the Ivar Aasen platform and supporting continued North Sea production growth.
Read MessageFrom New York to Los Angeles, drivers say they’re driving less, skipping trips and adjusting budgets as gas prices rise.
Read MessageWhile recent AI discussions in drilling have centered around generative applications – for instance, the use of large language models to analyze manuals and documents – this technology has shown genuine capability in other applications related to data analytics. However, in order to maximize the return on investment from AI, companies must be clear about...
Read MessageDecom Engineering has secured a U.S. patent for its Chopsaw subsea cutting technology, designed to improve precision, safety and efficiency in offshore decommissioning and infrastructure removal operations.
Read MessageABL has completed marine assurance and transport support for the Northern Endeavour FPSO, overseeing its multi-phase journey from Australia to a recycling facility in Denmark as offshore decommissioning activity continues to expand globally.
Read MessageHunting has secured $63.5 million in subsea orders for a Guyana offshore development, supplying titanium stress joints for FPSO applications as activity continues to ramp up in one of the world’s fastest-growing deepwater regions.
Read MessageU.S. strikes near Iran’s Kharg Island, coupled with President Trump’s threat of wider attacks, are raising fresh concerns over global oil supply as tensions around the Strait of Hormuz persist.
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