Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
U.S. shale producers are expected to increase output as oil prices surge above $100 following disruption in the Strait of Hormuz, with operators turning to DUC wells first.
Read MessageThe Texas Railroad Commission marks 135 years overseeing oil and gas activity, highlighting its role in regulating drilling, pipelines and energy development across the state.
Read MessageNikkiso will supply pumps for Germany’s largest land-based LNG import terminal, supporting expanded gas import capacity as Europe strengthens energy supply infrastructure.
Read Messagebp and ADNOC-backed Arcius Energy has sanctioned a $500 million offshore gas development in Egypt, advancing plans to boost supply from the Eastern Mediterranean.
Read MessageQatar LNG tankers have diverted routes as transit through the Strait of Hormuz remains constrained, highlighting ongoing disruption to global energy flows.
Read MessageHalliburton partners with PETRONAS and Valaris to support offshore development in Suriname, aligning drilling and subsurface planning early in the project lifecycle.
Read MessageBP appointed Carol Howle as deputy CEO, effective immediately. Ms Howle will continue to lead supply, trading and shipping and will also oversee the company’s ongoing portfolio review and strategy development. BP’s strategy and sustainability team will now report to Ms Howle. “Carol will oversee the ongoing portfolio review and long-term strategy development beyond our...
Read MessageVentura Offshore secured contract extensions with Petrobras for two rigs operating offshore Brazil. The semisubmersible SSV Victoria received a 1,455-day firm extension commencing in January 2027 in direct continuation of its current contract, during which it will be deployed to the Búzios field in the Santos Basin. The extension follows a docking period for a...
Read MessageValaris announced that its wholly owned subsidiary Ensco UK Drilling Ltd entered into a strategic collaboration agreement with PETRONAS Suriname and Halliburton to support the development of PETRONAS’ offshore assets. The agreement brings together Valaris’ drilling expertise, PETRONAS Suriname’s basin knowledge and Halliburton’s subsurface, well construction and digital solutions. It establishes a collaborative framework across...
Read MessageLion Energy signed a drilling contract with Silver City Drilling for the Bula Karang-1 exploration well in the East Seram PSC on Seram Island, Indonesia. The contracted rig, SCD-20, is a 900 HP Schramm Rotadrill TXD200 hydraulic unit currently working in East Java, Indonesia. The well is targeted to spud in July 2026. The rig...
Read MessageMasirah Oil plans to begin drilling three development wells at the offshore Yumna field in Oman’s Block 50, advancing production activity in the area.
Read MessageValaris extends its DS-4 drillship contract with Petrobras offshore Brazil, adding $447 million in backlog and securing deepwater work into 2030.
Read MessageValaris secured a 1,064-day contract extension with Petrobras offshore Brazil for drillship VALARIS DS-4. The extension is expected to commence in November 2027 in direct continuation of the existing program. VALARIS DS-4 is a Samsung-design ultra-deepwater drillship rated to 3,660 m water depth and equipped with MPD, currently deployed in Brazil. The post Petrobras extends...
Read MessageSeadrill secured a 1,095-day contract extension for the ultra-deepwater drillship West Polaris with Petrobras for work at the Búzios field in the Santos Basin, offshore Brazil. The extension is expected to commence in direct continuation of the current program in January 2028. West Polaris is a sixth-generation dual activity drillship built in 2008 at Samsung...
Read MessageIndia has resumed oil and gas imports from Iran after seven years, in a bid to rebalance its ties with Tehran and secure supplies through the Strait of Hormuz.
Read MessagePresident Donald Trump warned Sunday in an expletive-filled social media post that Iran would be "living in Hell" if they do not open the Strait
Read MessageThe Trump administration plans to reunite offshore drilling regulators split after the 2010 Gulf spill, aiming to streamline oversight of U.S. oil and gas activity.
Read MessageLion Energy awards a drilling contract for its Bula Karang-1 exploration well in Indonesia’s East Seram PSC, targeting new oil potential offshore.
Read MessageA coalition of groups has filed a lawsuit challenging the U.S. decision to exempt Gulf offshore oil and gas operations from Endangered Species Act requirements, adding new regulatory uncertainty for operators.
Read MessageOMV Petrom completes drilling of the Krum-1 well offshore Bulgaria, finding no significant gas but advancing geological understanding of the Black Sea basin.
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