Oil struggles for direction as IEA flags greater volatility ahead, OPEC cuts demand forecast
OPEC cut its demand growth estimates for 2026 to about 1.2 million barrels per day.
Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
B27 Intelligence, Energy M&A, Industry Reports
Texas regulator links energy security to dollar stability amid global tensions
Texas Railroad Commissioner Wayne Christian warned that rising federal debt, inflation and ongoing Strait of Hormuz tensions could threaten U.S.
B27 Intelligence, Energy M&A, Industry Reports
Cognite launches AI-native industrial workflow platform
Cognite has launched Cognite Flows, an AI-native industrial workflow platform designed to integrate operational data, applications and AI-driven insights into
Senegal advances $7.5 billion Yakaar-Teranga gas development
Senegal is advancing plans for the $7.5 billion Yakaar-Teranga gas project as the country seeks to reduce energy subsidies, expand
ReconAfrica advances Kavango West 1X production testing in Namibia
ReconAfrica and partners NAMCOR and BW Energy are advancing production testing operations at the Kavango West 1X well in Namibia,
TotalEnergies targets Egypt deep offshore potential through new agreement
TotalEnergies and EGAS have signed a memorandum of understanding covering offshore exploration cooperation in northwestern Egypt, supporting technical evaluation and
Sinopec reports 235 Bcm reserves at China’s first ultra-deep shale gas field
Sinopec has secured approval for 235.687 Bcm of proven reserves at the Ziyang Dongfeng field in the Sichuan basin, marking
Etu Energias confirms oil discovery at appraisal well offshore Angola
Etu Energias confirmed a successful appraisal well result at the Espadarte 7ST2 (ESP 7ST2) well in Block 2/05 in Angola’s
Arrow drills Icaco-1 well on Colombia’s Tapir Block
Arrow Exploration spud the Icaco-1 exploration well on the Tapir Block in Colombia’s Llanos Basin on 5 May 2026, reaching
Brazilian Supreme Court case could drastically alter royalty distribution, oil and gas landscape
On 7 May, the Brazilian Federal Supreme Court began proceedings to decide the constitutionality of a 2012 law that changed
bp takes 40% stake in Uzbekistan’s North Ustyurt PSA
bp has entered the North Ustyurt production sharing agreement in Uzbekistan, acquiring a 40% stake in six exploration blocks alongside
Weatherford launches new facility to better incorporate MPD with digital solutions
Weatherford held the grand opening for its Managed Pressure Wells Center of Excellence in Houston on 6 May. The facility
Oil price spike turmoil far from over, IEA says as inventories are depleted at “record pace”
The IEA’s oil market report for May noted that global oil supply declined by a further 1.8 million barrels per
Strohm, Baker Hughes to collaborate on hybrid pipe system for ultra-deepwater flowlines, risers
Strohm, a manufacturer of thermoplastic composite pipe (TCP), recently announced an agreement with Baker Hughes to develop a hybrid flexible
Gas tax holiday as Trump promises? Not so fast, trucking, construction industries say
President Donald Trump and lawmakers are eyeing federal gas tax relief, but opponents argue a pause wouldn’t help consumers and
B27 Intelligence, Energy M&A, Industry Reports
Energy security to dominate Modi’s UAE talks amid Gulf supply tensions
Indian Prime Minister Narendra Modi’s upcoming visit to the UAE is expected to focus heavily on energy security and stable
EIA launches new oil, LNG chokepoint datasets amid Hormuz crisis
The EIA will begin publishing new quarterly datasets tracking global petroleum reserves and key oil and LNG shipping chokepoints, as
Trump wants gas tax relief. But slim driver savings could strain a key federal fund
President Donald Trump floated a federal gas tax suspension. If enacted, here’s how that could impact consumers.
Trump doesn’t need Congress to restart Iran strikes: Hegseth
The Iran war, now well into its third month, has caused oil prices to soar globally as Iran continues to
IADC Supply Chain Committee conducts mock job interviews for Houston-area students
On 30 April, the IADC Supply Chain Committee kicked off its Emerging Talents series, in which Houston-area college students met