Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Afentra accelerated its two-well drilling program on Block 3/05 offshore Angola after the Block 3/05 Joint Venture signed a commercial agreement with Sonangol to use the Borr Grid jackup, currently under contract to Sonangol. The Pacassa SW exploration well is expected to spud in the coming days, with a drilling duration of 80 to 90...
Read MessageTouchstone Exploration brought the Carapal Ridge 3 well onstream 28 March 2026, tied into the Central block natural gas facility in Trinidad and Tobago, where it is currently flowing natural gas and condensate during the cleanup phase with intermittent peak rates of up to 5.7 MMcf/d. Gross natural gas throughput on the Central block has...
Read MessageIndonesia Energy reported pre-drilling progress on two planned wells at its Kruh Block in Sumatra, with drilling at the first well expected to commence within 60 days. Drilling pads for both wells, designated K-29 and WK-5, have been constructed and long-lead items including drill pipe, drill bits and wellheads have been delivered. PT Bina Mitra...
Read MessageGreenland Energy signed a five-year drilling agreement with Stampede Drilling to execute a two-well campaign in the Jameson Land Basin of East Greenland. Under the agreement, the joint venture will use Stampede’s Rig #12, which is equipped for Arctic conditions, with the first well scheduled to spud in 2026. Stampede will also provide crews and...
Read MessagePresident Trump threatened to target Iran’s oil infrastructure, power plants and Kharg Island export hub if a deal to reopen the Strait of Hormuz is not reached, raising the risk of further escalation as disrupted shipping continues to tighten global oil markets.
Read MessageTotalEnergies has completed the merger of its UK North Sea upstream assets with NEO NEXT, forming NEO NEXT+—now the largest independent producer on the UK Continental Shelf, with expected 2026 output exceeding 250,000 boed and a strengthened platform for operational synergies and cash flow growth.
Read MessageHis comments come as a Russian-flagged oil tanker, the sanctioned Anatoly Kolodkin, makes its way to the fuel-starved Caribbean country.
Read MessageIndia warns growth may slow as the Iran conflict pushes up energy costs, widens deficits, and strains supply chains.
Read MessageAt CERAWeek, Devon Energy CEO Clay Gaspar reflected on his first year leading the company, outlining a three-pillar strategy, the industrial logic behind its merger with Coterra, and how AI is reshaping operations and future value creation.
Read MessageOil prices climbed on Monday after Yemen's Houthis said they had fired missiles at Israel, opening a new front in the U.S.- and Israeli-led conflict with Iran.
Read MessageNatural gas was central last week to many of the ongoing discussions at CERAWeek 2026, hosted by S&P Global in Houston, Texas. With the rapid rise in data centers across the country, discussions about meeting the need for expanding rapid, reliable power generation have been at the forefront, with natural gas playing a key role.
Read MessageEnergy markets are starting to reflect the growing risk of physical supply disruptions.
Read MessageNatural gas was central last week to many of the ongoing discussions at CERAWeek 2026, hosted by S&P Global in Houston, Texas. With the rapid rise in data centers across the country, discussions about meeting the need for expanding rapid, reliable power generation have been at the forefront, with natural gas playing a key role.
Read MessageAs the Middle East conflict continues to disrupt global oil and LNG flows, panelists at CERAWeek by S&P Global pushed back on two questions gaining traction in energy circles: why doesn’t the U.S. simply intervene with force to reopen the Strait of Hormuz, or seize Iran’s Kharg Island export hub?
Read MessageTrump recently floated the possibility that the strait could be controlled jointly by "me and the ayatollah" as part of a resolution to the Iran war.
Read MessageRising oil prices driven by Middle East supply disruptions could prompt U.S. shale producers to increase drilling activity in the second half of 2026, with output potentially rising by more than 800,000 bpd through 2028, according to Citi.
Read MessageA U.S. appeals court has overturned a $16.1 billion judgment against Argentina tied to the nationalization of oil company YPF, marking a significant legal and financial shift in one of the industry’s largest compensation disputes.
Read MessageIKM Testing UK has been awarded a contract to deliver pre-commissioning services for CO₂ pipeline infrastructure on the Northern Endurance Partnership project, supporting development of the UK’s East Coast carbon capture cluster and offshore storage in the North Sea.
Read MessageThe UAE is increasing crude exports from Fujairah as operators restore loading capacity following Iranian drone strikes, using the port as a key route to bypass the Strait of Hormuz and sustain global oil flows.
Read MessageINPEX and Formentera have formed a joint venture to accelerate shale gas development in Australia’s Beetaloo basin, targeting domestic supply and future LNG exports supported by U.S. shale expertise and expanded infrastructure plans.
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