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 […]
Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
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
B27 Intelligence, Energy M&A, Industry Reports
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
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