BW Offshore signs FEED contract for Bay du Nord FPSO with Equinor
BW Offshore has signed a FEED agreement with Equinor for the Bay du Nord FPSO project offshore Canada, advancing the […]
Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
UAE announces withdrawal from OPEC
The United Arab Emirates (UAE) announced that it will withdraw from OPEC and the broader OPEC+ alliance effective 1 May,
Petro Victory Energy reports stacked gas pay at São João well in Brazil
Petro Victory Energy drilled the SJ-12 well in the São João field in the Barreirinhas Basin, Brazil, encountering 72 net
Beach Energy kicks off Equinox Phase 2, drills 13 wells in Cooper Basin
Beach Energy reported progress on its Equinox rig campaign and Cooper Basin drilling program during Q1 2026, though severe weather
Russia to stay in OPEC+ as UAE exit raises market concerns
Russia has confirmed it will remain in OPEC+ following the UAE’s exit, signaling continued support for the alliance amid global
Petrobras increases stake in Jubarte field with Campos basin acquisition
Petrobras has acquired a stake in the Argonauta area of the Campos basin, increasing its ownership in the Jubarte pre-salt
Oil prices extend multi-day rally as Trump issues new threat to Iran; Brent tops $115 per barrel
The latest move higher comes amid reports that the U.S. will look to extend its blockade of Iranian ports.
Trump threatens Iran with AI picture of himself with a gun: ‘No more Mr. Nice guy!’
Oil prices continued to rise on Wednesday after U.S. President Donald Trump appeared to threaten Iran in a TruthSocial post.
UAE’s departure from the OPEC oil cartel is not without precedence. Who could be next?
The United Arab Emirates’ decision to leave OPEC is reverberating across global energy markets, sparking questions on who else could
U.S. warns banks of sanctions risk over China ‘teapot’ refineries handling Iranian oil
The alert said China purchases approximately 90% of Iran’s oil exports, with teapot refineries accounting for the majority of these
Asia-Pacific markets open mixed after OPEC shock, tech jitters drag Wall Street lower
Optimism around tech stocks took hit as the Wall Street Journal reported that OpenAI’s revenue and new users growth was
Eni signs deal to restart Venezuela oil operations at Junin-5
Eni has signed a deal with PDVSA to restart oil operations at Venezuela’s Junin-5 project, signaling continued momentum in reviving
Oil tanker completes rare Hormuz transit as Gulf shipping remains constrained
A Japanese-linked oil supertanker has exited the Strait of Hormuz, marking a rare transit as shipping remains constrained amid the
Petro Victory reports stacked gas pay in SJ-12 well, offshore Brazil
Petro Victory’s SJ-12 well in Brazil’s Barreirinhas basin has confirmed stacked gas reservoirs with 72 meters of net pay, supporting
Forum Energy Technologies launches compact LARS for ROV subsea operations
Forum Energy Technologies has launched a compact, integrated LARS designed to improve efficiency in ROV inspection, maintenance and subsea operations.
Geolander advances Angola seismic campaign for CO₂ storage assessment
Geolander has launched a high-density nodal seismic survey in Angola using STRYDE technology to support CO₂ storage evaluation and reduce
JetBlue is full steam ahead on Fort Lauderdale, regardless of Spirit’s fate
JetBlue, United, Frontier and others added service to airports Spirit services after the carrier filed for bankruptcy for the second
SLB launches new geosteering tool to enhance reservoir visibility
SLB has introduced AlphaSight to expand real-time subsurface insight, supporting more accurate geosteering and reservoir navigation.
Odfjell Technology signs P&A technology deal for Southeast Asia wells
Odfjell Technology and ANT are partnering to deploy an advanced erosion tool for rigless P&A operations, targeting Southeast Asia’s growing
UAE to exit OPEC as Iran war reshapes global oil supply
The UAE is set to exit OPEC after six decades, signaling a major shift in global oil markets as supply