Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
A federal panel has approved an exemption allowing oil and gas drilling in the Gulf of America/Gulf of Mexico to proceed without certain endangered species protections, citing national security concerns in a rare decision that could accelerate offshore activity and reshape regulatory oversight.
Read MessageChina’s state oil giants PetroChina, Sinopec and CNOOC are moderating spending and growth plans as market volatility, weaker prices and geopolitical risks reshape strategy, highlighting a growing divide between resilient upstream operations and increasingly pressured refining and chemicals segments.
Read MessageTensions in the Strait of Hormuz escalated after a tanker was struck and President Trump urged allies to secure the waterway, heightening risks to global oil and LNG flows as shipping disruptions threaten supply and energy markets.
Read MessageGolden Pass LNG has achieved first LNG from Train 1 at its Sabine Pass, Texas facility, marking a key milestone in one of the largest U.S. LNG export projects, as McDermott and Chiyoda complete construction and commissioning and advance work on remaining trains.
Read MessageBrava Energia began a four-well drilling campaign at its Papa-Terra and Atlanta fields using Constellation’s Lone Star semisubmersible, which moved directly into the project after completing a previous contract in Brazil in January 2026, followed by a planned maintenance stop of just over 40 days. Two wells will be drilled at Papa-Terra in the Campos...
Read MessageChevron has appointed a new chief health, safety and environment (HSE) officer and reassigned leadership across key refinery operations, as the company reinforces its focus on operational performance, safety and reliability across its global upstream and downstream portfolio.
Read MessageSLB has signed a three-year agreement with Azule Energy to expand its Delfi digital platform across operations in Angola, enhancing reservoir workflows, well planning and decision-making, while improving execution efficiency and supporting more reliable upstream production across complex assets.
Read MessagePetroVietnam Drilling held a naming ceremony for its PV Drilling IX jackup on 27 March at the PTSC Downstream Port in Ho Chi Minh City. Built in 2016, the rig previously operated in the North Sea for Maersk and TotalEnergies before PV Drilling acquired it. The company conducted negotiations, on-site surveys and inspections in Denmark...
Read MessageBW Energy signed a sale and leaseback agreement with Minsheng for the Jasmine Alpha jackup. BW will receive an $80-million cash consideration, strengthening financial flexibility while maintaining continued access to the unit. Under the agreement, BW has entered into a 12-month lease of the rig, with an option to extend for a further 12 months....
Read MessageSLB signed a three-year agreement with Azule Energy to continue and expand the use of its enterprise digital platform across Azule’s operations in Angola. The platform will help Azule drive more consistent execution, accelerate decision-making, and support reliable energy delivery across its portfolio. The agreement builds on two years of Delfi use within Azule’s reservoir...
Read MessageFamilies are feeling the financial impact from the U.S. war with Iran as gasoline prices surge.
Read MessageOil prices extended gains as Trump threatened further escalation of attacks on Iran, including its energy infrastructure and desalination plants.
Read MessageWTI crude settled above $100 per barrel for the first time since 2022, as the Iran conflict and disruptions in the Strait of Hormuz tighten global oil supply, raising concerns over inflation, shipping constraints and further upside risk for energy prices.
Read MessageThe Railroad Commission of Texas assessed nearly $2 million in enforcement fines against oil and gas operators and related businesses, underscoring ongoing regulatory oversight of drilling activity and intrastate pipeline safety across the state.
Read MessageAirfare has climbed for routes around the world, driven by higher fuel prices since the U.S. and Israel attacked Iran.
Read MessageMercuria-backed Phoenix Global Resources is preparing a $6 billion expansion in Argentina’s Vaca Muerta shale, as President Javier Milei’s RIGI incentives boost investor confidence and accelerate drilling activity, positioning the basin as a growing contributor to global oil supply.
Read MessagePerenco has denied reports that Gabon has launched legal action against the company, calling the claims “false and defamatory” and pushing back against what it described as inaccurate media coverage.
Read MessageEco Atlantic Oil & Gas has appointed Keith Hill as non-executive chairman following its annual general meeting, as the company advances its offshore exploration strategy across the Atlantic Margins and strengthens its leadership team during a period of portfolio development.
Read MessageThe G-7 signaled it is prepared to take coordinated action to stabilize global oil and gas markets as the Iran conflict drives volatility, with officials reaffirming support for strategic reserves, secure supply flows and measures to limit disruptions to energy trade and pricing.
Read MessageSable Offshore has begun oil sales from the Santa Ynez Pipeline System offshore California, marking a key milestone in restarting production across its assets, with output from multiple platforms expected to exceed 60,000 bpd as operations ramp up through 2026.
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