Oil climbs as U.S.-Iran trade strikes while Trump says negotiations with Tehran underway
U.S. Central Command said Tuesday that it had defeated multiple Iranian ballistic missiles following “attempted attacks” by Iran.
Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
B27 Intelligence, Energy M&A, Industry Reports
Murphy awards Subsea7 contract for String Music subsea tieback
Subsea7 has been awarded a contract by Murphy Exploration & Production Company to provide engineering, procurement, construction and installation services
Strait of Hormuz traffic remains limited despite peace-deal talks
Despite ongoing U.S.-Iran negotiations, commercial shipping traffic through the Strait of Hormuz remains sparse, highlighting continued uncertainty over when energy
Vitol executive warns West is ‘asleep at the wheel’ on oil supply crisis
Vitol has warned that Western governments are underestimating the severity of the global oil supply crunch caused by disruptions in
B27 Intelligence, Energy M&A, Industry Reports
Venezuela’s Rodríguez visits India as crude trade expands amid Hormuz disruption
Venezuelan Acting President Delcy Rodríguez will meet Indian Prime Minister Narendra Modi as India increases Venezuelan crude imports amid supply
Shell earns MiQ methane certification across U.S. Gulf portfolio
Shell has achieved MiQ methane certification across its entire Gulf of America/Gulf of Mexico production portfolio, with all 10 offshore
Petroleum Hall of Fame opens nominations for 2027 induction class
The Petroleum Hall of Fame has opened nominations for its 2027 induction class, recognizing individuals whose contributions have helped shape
Fluor JV receives notice to begin work on LNG Canada Phase 2
LNG Canada has issued a limited notice to proceed for its proposed Phase 2 expansion in Kitimat, British Columbia, allowing
Carnarvon secures Transocean Equinox for Bedout exploration campaign
Carnarvon Energy contracted the Transocean Equinox semisubmersible drilling rig for a multi-well exploration campaign in the Bedout Sub-basin offshore Western
Dolphin Drilling executes multi-year UKCS contract for Borgland Dolphin
Dolphin Drilling signed a contract for its semisubmersible drilling rig Borgland Dolphin with an undisclosed UK Continental Shelf operator, converting
Serica targets 2027 drilling start as it tenders for rig
Serica Energy is tendering for a rig to carry out a multi-well infill and tieback drilling program across its UK
Weatherford to acquire NCS Multistage
Weatherford entered into a definitive agreement to acquire NCS Multistage Holdings, expected to close in the second half of 2026.
SBM Offshore, Solstad partner to build new deepwater installation vessel
SBM Offshore and Solstad Offshore have formed a joint venture to build a next-generation deepwater installation and construction vessel, expanding
B27 Intelligence, Energy M&A, Industry Reports
ROGII upgrades StarSteer software for geosteering and subsurface analysis
ROGII has released StarSteer 2026.1, introducing enhanced geosteering workflows, advanced well attribute management and expanded 3D geomodeling capabilities designed to
Trump tells CNBC: ‘I don’t care’ if Iran negotiations are over
President Trump spoke with CNBC’s Eamon Javers about the latest with the Iran war in an interview Monday.
Energy NL conference to spotlight offshore growth opportunities
Industry leaders, policymakers and operators will gather in St. John’s this week for the Energy NL Conference & Exhibition, where
bp unlocks major gas resource at Azerbaijan’s ACG field
bp and its ACG partners have commenced the first commercial non-associated gas production at the Azeri-Chirag-Gunashli field offshore Azerbaijan, opening
B27 Intelligence, Energy M&A, Industry Reports
Parex closes $500 million Frontera E&P acquisition in Colombia
Parex Resources has completed its $500 million acquisition of Frontera E&P’s Colombian assets, adding approximately 37,000 boed of production and
Oil jumps after report Iran suspends communications with U.S.
Oil prices climbed sharply after reports that Iran plans to suspend communications with the United States, raising concerns about ongoing
Eldorado to acquire Vantage in all-cash deal
Vantage Drilling entered into a merger agreement under which Norwegian drilling contractor Eldorado Drilling will acquire the company in an