PetroTal targets production growth with Bretana drilling restart
PetroTal raised its 2026 outlook and said it is preparing to resume development drilling at Peru’s Bretana field later this […]
B27 Intelligence, Energy M&A, Industry Reports
Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Weatherford wins well intervention contract on Constellation’s Gold Star semisubmersible
Weatherford was awarded a contract with Constellation Oil Services to expand its services on the ultra-deepwater semisubmersible Gold Star, operating
Panoro plans four-well campaign at Dussafu, eyes Equatorial Guinea infill drilling
Panoro Energy is preparing to launch a four-well development drilling campaign at the Dussafu Marin Permit offshore Gabon, with first
88 Energy contracts Nordic-Calista rig for Alaska North Slope well
8 Energy contracted Nordic-Calista Services’ Rig-3 to drill the Augusta-1 exploration well on its South Prudhoe acreage on Alaska’s North
Eni tests Geliga-1 discovery offshore Indonesia
Eni completed a drill stem test (DST) on the Geliga-1 gas discovery well in the Ganal block, offshore Indonesia, confirming
Devon completes Coterra merger, expands Delaware basin position
Devon and Coterra have completed their merger, creating a major U.S. shale operator with expanded Delaware basin scale and operations
OTC 2026: ExxonMobil says AI, policy alignment to shape exploration in the “demand decade”
At OTC in Houston, ExxonMobil’s John Ardill said the coming “demand decade” will require more upstream investment, stronger policy alignment
Shell tops profit estimates as Iran war boosts oil price, cuts share buybacks
Britain’s Shell posted stronger-than-expected quarterly profit as the Iran war sent fossil fuel prices soaring.
It’s not just Big Oil. Wind giants welcome profit beats as Iran war spurs energy pivot
Norway’s Equinor told CNBC that the company expects the Iran war to deliver a boost to its transition industries.
ExxonMobil: AI, policy alignment to shape exploration in the ‘demand decade’
At OTC in Houston, ExxonMobil’s John Ardill said the coming “demand decade” will require more upstream investment, stronger policy alignment
U.S. weighs drilling under military bases to refill Strategic Petroleum Reserve
The Trump administration is considering drilling for oil beneath U.S. military bases and other federal land as part of efforts
Oil rises as U.S.-Iran tensions keep traders focused on Strait of Hormuz risks
Oil prices rose Thursday, as investors continue to assess the latest developments in the Middle East amid concerns over renewed
Diversified, Carlyle strike $1.2-billion deal for Camino Anadarko assets
Diversified and Carlyle are acquiring $1.2 billion in Anadarko basin assets from Camino, expanding their Oklahoma footprint with new SCOOP/STACK
Texas regulator highlights record oil exports, rising production amid Iran disruption
Texas Railroad Commissioner Wayne Christian praised record Corpus Christi export activity and rising drilling momentum as Texas producers respond to
Halliburton, Shape Digital target production optimization with AI asset management
Halliburton and Shape Digital have formed a strategic collaboration to improve digital asset performance management by linking subsurface and surface
OPEC output falls to 36-year low as Iran war cuts Gulf supply
OPEC crude production fell to its lowest level since 1990 as the Iran war and Strait of Hormuz disruption cut
Equinor starts Eirin gas production, boosting North Sea exports to Europe
Equinor has started production from the Eirin field in the North Sea, adding new gas volumes to Europe through a
Oil sinks as possible U.S.-Iran deal raises hopes for Hormuz reopening
Oil and gas prices fell sharply after reports that the U.S. and Iran are nearing a deal that could reopen
Airlines spent 56.4% more on jet fuel in month after Iran war started, U.S. government says
U.S. airlines spent 56.4% more on jet fuel in March than they did in February, U.S. government data released Wednesday
Valaris sells semisubmersible DPS-1 for recycling
Valaris sold its semisubmersible Valaris DPS-1 for recycling in April 2026, according to the company’s May 2026 fleet status report.