Ted Cruz honored by TIPRO for backing U.S. oil and gas policy
Sen. Ted Cruz receives TIPRO’s Hats Off Award for supporting policies aimed at boosting U.S. oil and gas production and energy independence.
Read Message
Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Latin America offshore drilling gains appeal as Iran war reshapes markets
A Brazil-based deepwater driller sees rising investment in Latin American offshore projects as geopolitical risks in the Middle East shift focus toward more stable regions.
Read MessageABL, Tidewater sign Egypt offshore vessel services deal
ABL and Tidewater sign an agreement to provide marine assurance and DP services for offshore support vessels operating in Egypt and regional waters.
Read MessageDroneQ, Mark Offshore partner to deploy ROV, drone survey vessel for offshore work
DroneQ Robotics and Mark Offshore partner to deploy the R/V Mintis for offshore inspection, subsea survey and robotics operations, combining ROV and drone technologies.
Read MessageWeatherford to shift domicile to Texas in move to streamline structure
Weatherford plans to relocate its legal domicile to Texas, aiming to simplify its structure, improve capital access and align more closely with its U.S.-focused operations.
Read MessageTamboran highlights strong Beetaloo Basin shale well performance
Tamboran reports strong flow results from its SS-6H well in Australia’s Beetaloo basin, with normalized rates of 11.9 MMcf/d signaling competitive shale gas performance.
Read MessageContinental Resources to boost U.S. oil output as crude tops $100
Continental Resources plans to increase U.S. oil output as crude prices surge above $100 amid supply disruptions tied to the Iran conflict, signaling a potential shift in shale activity.
Read MessageUnited Airlines hikes checked bag fee by $10 as fuel prices continue to climb
United Airlines became the second U.S. carrier in a week to raise check bag fees as the industry grapples with a more than 80% jump in jet fuel costs.
Read MessageNew bp CEO promises 'clear direction' as upstream reset looms
bp’s new CEO steps in under pressure to simplify operations, cut costs and refocus on upstream oil and gas assets as investors push for a strategic reset.
Read MessageConstellation locks in $1.1 billion Brazil deepwater rig extensions with Petrobras
Constellation extends key offshore drilling contracts with Petrobras, adding $1.1 billion in backlog and securing long-term utilization for deepwater rigs in Brazil.
Read MessageTransocean lands $1 billion in Brazil, Norway offshore rig contracts
Transocean adds $1 billion in backlog through Brazil deepwater drillship extensions and a Norway semisubmersible contract, while accelerating debt reduction.
Read MessageAmazon weighs a deal to boost its satellite internet ambitions. Why it's worthy pursuit
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Read MessageINEOS’ Ratcliffe backs UK carbon tax cuts, calls for more drilling
INEOS Chairman Jim Ratcliffe supports proposed UK carbon tax cuts, warning of industrial decline and calling for increased domestic oil and gas development, including North Sea and shale resources.
Read MessageIran and Oman drafting protocol to 'monitor' Hormuz Strait traffic: IRNA
The Strait of Hormuz, the vital artery for global oil transit, has been effectively closed since the U.S.-Israel war on Iran started in late February.
Read MessageHalliburton acquires Sekal to expand drilling automation portfolio
Halliburton acquired Sekal, a drilling automation software company previously wholly owned by Sumitomo Corporation, combining Sekal’s DrillTronics automation platform with Halliburton’s LOGIX automation and remote operations offering. Sekal’s solutions have been deployed in more than 1,300 wells worldwide. The combined offering integrates well placement, wellbore hydraulics and rig operations in real time, and pairs with...
Read MessageBorr Drilling lines up work for four jackups across four continents
Borr Drilling signed new contract commitments for four of its premium jackup rigs. In West Africa, the Prospector 5 has received a binding letter of award from BW Energy in Gabon. The commitment covers a firm scope of four wells, with a minimum duration of 320 days, and is expected to commence in Q3 2026,...
Read MessageConstellation secures $1.1 billion in Petrobras contract extensions for three rigs
Constellation secured contract extensions with Petrobras totaling approximately $1.1 billion in additional backlog for three rigs operating offshore Brazil. The extensions cover the ultra-deepwater drillship Brava Star and the ultra-deepwater semisubmersibles Gold Star and Alpha Star, adding nearly 10 years of combined contract coverage. The agreements increase Constellation’s total backlog by 67% to approximately $2.8...
Read MessageMedco, Dialog, EnQuest sign Cendramas PSC offshore Malaysia
Medco Asia Pacific, Dialog Resources and EnQuest Petroleum signed a production sharing contract (PSC) for the Cendramas block in Peninsular Malaysia, awarded by PETRONAS through Malaysia Petroleum Management. Medco will operate the block with a 50% participating interest. Dialog and EnQuest each hold a 25% interest. The participating interests take effect 23 September 2026. The...
Read MessageTransocean lands $1 billion in contracts for Norway semisub, Brazil drillships
Transocean secured a new contract in Norway and two extensions in Brazil totaling approximately $1 billion in incremental firm backlog. The harsh environment semisubmersible Transocean Barents was awarded a 1,095-day contract with Vår Energi at a dayrate of $450,000, expected to begin in the middle of Q2 2027 and contribute approximately $490 million in backlog....
Read MessageTrump’s Iran timeline may not be short enough to avoid oil demand destruction
Oil prices surged by more than 60% in March as the U.S.-Iran war raged on.
Read Message