Shell selects Audubon for deepwater brownfield work in U.S. Gulf
Shell has awarded Audubon an exclusive engineering and procurement contract supporting brownfield topside projects across its deepwater U.S. Gulf assets, […]
Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Offshore growth and geopolitics dominate OTC 2026 discussions
OTC 2026 wrapped up in Houston after four days of discussions focused on offshore growth, energy security and emerging technologies,
OTC 2026: Venezuela tries to draw IOCs back as IEA calls for more CAPEX
In a keynote presentation at OTC 2026 on Wednesday, May 6, non-resident Fellow of the Baker Institute at Rice University,
Aramco, ADNOC quietly resume limited Hormuz crude exports
Aramco and ADNOC are among the companies continuing limited crude shipments through the Strait of Hormuz despite Iranian threats, shipping
OTC 2026 closes with focus on offshore growth, energy security and digitalization
OTC 2026 wrapped up in Houston after four days of discussions focused on offshore growth, energy security and emerging technologies,
U.S. says it struck two Iran-flagged oil tankers trying to skirt blockade
The shaky U.S. ceasefire with Iran has been repeatedly undermined this week, even as President Donald Trump insists it remains
PetroTal contracts drilling rig for Bretana campaign
PetroTal signed a contract with a third-party drilling contractor ahead of a planned development drilling campaign at its Bretana field
Weatherford awarded MPD contract for Ventura Offshore’s SSV Victoria in Brazil
Weatherford secured a managed pressure drilling contract from Ventura for the semisubmersible SSV Victoria, which is scheduled to operate in
Devon Energy, Coterra Energy complete merger
Devon Energy and Coterra Energy completed their previously announced all-stock merger on 7 May 2026, creating a large-cap shale operator
Odfjell Technology awarded platform drilling contract on Magnus
Odfjell Technology secured a three-year platform drilling contract with EnQuest for operations on the Magnus platform in the UK North
‘Not a Chance Hormuz Opens’: How Wall Street’s new NACHO trade bets on a prolonged oil shock
Traders are embracing the “NACHO” trade, betting Hormuz disruptions and elevated oil prices will persist longer than expected.
Oil resumes rally as U.S.-Iran fire exchange rattles fragile Hormuz ceasefire
Oil prices jumped on Friday after the U.S. and Iran exchanged fire in the Strait of Hormuz, raising fresh fears
IEA chief, Canada leaders address oil market turmoil tied to Iran conflict
IEA Executive Director Fatih Birol met with Canadian officials to discuss oil and gas market disruption tied to the Strait
BW Offshore extends FPSO Catcher contract through 2030
BW Offshore has extended the FPSO BW Catcher contract through the end of 2030, adding approximately $490 million in operating
Iran still reviewing new U.S. peace proposal as Trump predicts war will ‘be over quickly’: Reports
Senior Iranian official Mohsen Rezaee reportedly said Tehran would not let the U.S. reopen the Strait of Hormuz with “an
Citi sees continued oil market volatility tied to Iran conflict
Citigroup said oil markets are likely to remain highly volatile as traders react to shifting expectations surrounding a possible U.S.-Iran
B27 Intelligence, Energy M&A, Industry Reports
Rex names new COO to support Oman field development plans
Rex International has appointed upstream veteran Mike Hopkinson as COO as the company advances operations and prepares for additional drilling
SunPetro selects Sercel nodes for 4D seismic survey in India
SunPetro has launched India’s first 3C MEMS nodal seismic survey using Sercel WiNG technology, supporting high-resolution reservoir imaging and 4D