Trump’s threat to hit Iran 'extremely hard' jolts Asian stocks, U.S. futures and oil first
Investor sentiment quickly soured as Trump's speech went on, with Asian markets and U.S. bonds dipping.
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Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
EV demand is getting a boost from the Iran war — just as auto giants pivot back to combustion engines
Various car selling platforms have reported a sharp increase in consumer interest for EVs since the Middle East crisis began.
Read MessageOil prices surge with Brent rising 5% as Trump vows to hit Iran 'extremely hard' within weeks
Oil rose in volatile trading as Trump in his address to the nation on Iran war said that he expected the conflict to last another two to three weeks.
Read MessageOffshore, onshore panels bring encouraging views to Energy Workforce attendees
Offshore and onshore executives at the Energy Workforce conference point to a rebound in deepwater activity, steady U.S. drilling and continued gains in efficiency driven by automation and AI.
Read MessageHalliburton acquires Norway’s Sekal to expand automated drilling capabilities
Halliburton acquires Sekal to expand automated drilling and digital well construction capabilities, aiming to cut costs, improve recovery and accelerate drilling performance.
Read MessageAnalysis: Trump's Iran speech ignores the risks of a return to the 1970s
Oil shocks crippled past presidencies. The Iran war is putting Trump into the danger zone.
Read MessageBLM lease sales in three states generate $65 million, signal stronger onshore drilling outlook
BLM lease sales across Colorado, Nevada and Utah generate $64.8 million, highlighting renewed interest in U.S. onshore drilling under lower federal royalty rates.
Read MessageSubsea7 wins Equatorial Guinea tieback contract for Chevron gas project
Subsea7 secures a subsea installation contract for Chevron’s Aseng gas project offshore Equatorial Guinea, including flowlines, umbilicals and tieback infrastructure.
Read MessageEMGS sells core geoservices business in $2.5 million deal to Riggs Capital
EMGS agrees to sell its core geoservices business to Riggs Capital in a deal worth up to $2.5 million as the company moves to avoid winding down operations.
Read MessageLiberty Energy raises $525 million in convertible notes to boost financial flexibility
Liberty Energy raises $525 million through a convertible notes offering, strengthening financial flexibility as the completion services provider continues supporting North American upstream activity.
Read MessageABL, Maridive sign marine assurance deal for offshore fleet operations
ABL and Maridive & Oil Services sign a two-year agreement to provide marine assurance and risk services supporting offshore vessel operations across key global energy regions.
Read MessageINPEX expands Indonesia upstream ties with Pertamina, advances Abadi LNG project
INPEX expands its upstream collaboration with Pertamina in Indonesia, advancing the Abadi LNG project and broader Southeast Asia exploration efforts.
Read MessageTrillion Energy seeks buyer for Black Sea gas stake, expands Turkey exploration
Trillion Energy looks to sell its Black Sea gas interest while committing $15 million to earn into a new exploration block in southeast Turkey.
Read MessageNew Fortress secures long-term lease for Brazil FSRU LNG terminal
New Fortress Energy signs a long-term lease for its TGS LNG import terminal in Brazil, positioning the asset for steady cash flow and future gas-to-power growth.
Read MessageChevron takes FID on Aseng gas monetization project offshore Equatorial Guinea
Chevron has taken final investment decision on the Aseng Gas Monetization Project offshore Equatorial Guinea, aiming to develop gas resources through existing infrastructure and support LNG supply to global markets into the mid-2030s.
Read MessageArrow brings M-11 well onstream at Mateguafa Attic
Arrow Exploration brought its Mateguafa 11 appraisal well on production 22 March at its Mateguafa Attic field on the Tapir Block in the Llanos Basin of Colombia. The M-11 well was spud 9 March and reached a total measured depth of 11,455 ft (9,328 ft true vertical depth) on 15 March, drilled on time and...
Read MessageSubsea7 awarded contract offshore Equatorial Guinea
Subsea7 was awarded a contract by Noble Energy for the subsea installation scope on the Aseng Gas Monetization Project, offshore Equatorial Guinea. The project involves a single-well tieback connecting Aseng field to the existing Alen platform. The scope of work covers the transport and installation of approximately 19 km of rigid production flowline and 20...
Read MessageTrump says Iran's president asked for ceasefire, but U.S. wants Hormuz Strait open first
The war began in late February when the U.S. and Israel launched strikes on Iran, causing economic turmoil and massive global energy disruptions.
Read MessageEWTC names 2026–2027 board to guide oilfield services sector
The Energy Workforce & Technology Council has named its 2026–2027 board of directors, with new leadership focused on strengthening the oilfield services workforce, advancing technology and supporting operational performance as the sector responds to rising energy demand.
Read MessageOil extends gains after record monthly rally as Trump signals Iran war exit amid energy disruptions
Crude prices extended gains as traders weighed escalating attacks in the Persian Gulf and signs that President Donald Trump was contemplating an exit from the Iran conflict.
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