Petrodec’s OBANA advances North Sea decommissioning program
Petrodec has deployed its OBANA jackup to the North Sea, kicking off a new campaign to remove offshore platform jackets […]
Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
United Arab Emirates leaving OPEC, effective May 1
The UAE said it decided leaving OPEC was in its national interest after reviewing its production policy and capacity.
Noble books $565 million in new contracts
Noble Corp booked approximately $565 million in new contract value since its January 2026 fleet status report, with backlog standing
Odfjell Technology signs MoU with ANT for P&A work in Southeast Asia
Odfjell Technology signed a memorandum of understanding with Applied New Technologies (ANT) to deploy ANT’s wellANT nozzle head erosion technology
NG Energy reports gas discovery at Hechicero-1X in Colombia
NG Energy International Corp. reported a new gas discovery at the Hechicero-1X exploration well on the Sinu-9 block in Colombia,
Halliburton to provide well services for Greenland Energy’s Jameson Land drilling campaign
Greenland Energy Company signed an agreement with Halliburton for integrated consulting, well, and drilling services in support of Greenland Energy’s
Akita Drilling to acquire Fox Drilling from Paramount Resources
Akita Drilling agreed to acquire Fox Drilling, the drilling subsidiary of Canadian E&P company Paramount Resources, in an all-share transaction
BP profits more than double, beating expectations as Iran war boosts oil prices
The results come shortly after BP’s board suffered a shareholder revolt at its annual general meeting.
Oil edges higher as traders weigh Iran’s Hormuz offer and Trump’s next move
Oil prices edged higher as investors parsed fresh signals from U.S.-Iran negotiations, with uncertainty over a potential de-escalation keeping markets
U.S. cancels more wind leases as investment shifts to oil, gas and LNG
Two offshore wind leases have been scrapped as developers redirect nearly $900 million into U.S. oil, gas and LNG projects,
Canada launches $25-billion fund to back oil, gas and LNG infrastructure growth
Canada has launched a $25 billion sovereign wealth fund to support energy, LNG and infrastructure projects, signaling increased federal backing
Rubio: U.S. will not accept Iran control of key oil chokepoint Hormuz
The U.S. is pushing back on Iran’s proposed terms to reopen the Strait of Hormuz, with Secretary of State Marco
Iran would reopen Strait of Hormuz, postpone nuclear talks if U.S. lifts blockade and war ends: Reports
The Trump administration has repeatedly insisted that the central goal of the conflict is keeping Iran from ever obtaining a
ADNOC L&S takes delivery of sixth LNG carrier to expand global supply fleet
ADNOC Logistics & Services has taken delivery of its sixth LNG carrier, expanding its fleet capacity to support global gas
Siemens Energy, TCS partner on AI for energy operations and data center demand
Siemens Energy and TCS have expanded their partnership to deploy AI-driven solutions across energy operations, industrial systems and data center
Halliburton awarded Greenland Energy Arctic drilling contract
Halliburton has been awarded a contract for Greenland Energy’s 2026 Arctic drilling campaign, advancing exploration in the frontier Jameson Land
Shell to acquire ARC Resources in $13.6-billion deal to boost Canadian shale output
Shell has agreed to acquire ARC Resources in a $13.6-billion deal, adding Montney shale production and strengthening its oil and
Vallourec signs five-year tubular supply deal with geothermal developer Fervo Energy
Vallourec signed a five-year supply agreement with next-generation geothermal developer Fervo Energy to support the scaled deployment of geothermal energy
DOE funds conversion of Utica Shale gas well to enhanced geothermal system
The US Department of Energy’s Hydrocarbons and Geothermal Energy Office selected the Pennsylvania Department of Environmental Protection to lead the
Archer secures three-year Equinor wireline extension on Norwegian Continental Shelf
Archer was awarded a three-year contract extension by Equinor for the provision of wireline and intervention services on the Norwegian