Petrobras acquires operatorship of Block 3 offshore São Tomé and Príncipe
Petrobras signed an agreement to acquire a 75% interest and operatorship of Block 3 offshore São Tomé and Príncipe, Africa, […]
Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Oceaneering pilots ROV on drilling rig offshore Brazil from onshore base
Oceaneering completed the first piloting of a remotely operated vehicle (ROV) on a drilling rig offshore Brazil from its onshore
BP executive named OMV’s first female CEO
Emma Delaney, a BP executive vice president, was appointed CEO of Austrian energy company OMV, becoming the first woman to
Oil falls as investors assess mixed messaging on Iran peace talks ahead of ceasefire deadline
West Texas Intermediate and Brent had settled 7% and 5% higher on Monday.
Sable Offshore advances Santa Ynez output amid ongoing legal challenges
Sable Offshore is ramping production at its Santa Ynez Unit and targeting new output in 2026, while advancing refinancing plans
B27 Intelligence, Energy M&A, Industry Reports
Deepsea Atlantic rig suspends operations after BOP incident offshore
Operations on the Deepsea Atlantic rig have been suspended after a blowout preventer (BOP) was dropped to the seabed during
Trump invokes Defense Production Act to boost U.S. oil, gas and infrastructure capacity
President Trump has invoked the Defense Production Act to accelerate U.S. oil, gas and infrastructure development, signaling a major push
Hovercraft sale expands offshore oil and gas support capacity in Caspian Sea
Griffon Marine has sold its BHT-130 series hovercraft Solent Express to Caspian Offshore Construction (COC), where the vessel will support
Ghana targets $3.5-billion upstream investment to boost offshore development
Ghana is advancing a $3.5 billion investment drive to boost offshore oil and gas development, alongside broader plans to expand
ReconAfrica targets May start for Kavango West 1X zone testing
ReconAfrica has set the 5-in. production liner in the Kavango West 1X discovery well in Namibia, with perforating and production
Trump signals Iran truce unlikely as Strait of Hormuz remains blocked
President Donald Trump said a ceasefire extension with Iran is unlikely, with the Strait of Hormuz set to remain blocked,
TGS secures three-year extension for U.S. Gulf OBN seismic contract
TGS has secured a three-year extension for its ocean bottom node (OBN) seismic acquisition contract in the Gulf of America/Mexico,
Sable Offshore ramps production at Santa Ynez Unit, targets new output in 2026
Sable Offshore is ramping production at its Santa Ynez Unit and targeting new output in 2026, while advancing refinancing plans
Eni makes major gas discovery offshore Indonesia
Eni made a gas discovery with the Geliga-1 exploration well in the Ganal block, Kutei Basin, offshore Indonesia, approximately 70
ADX spuds Hochfeld-1 well in Upper Austria
ADX Energy spudded the Hochfeld-1 (HOCH-1) shallow gas exploration well in its ADX-AT-I exploration license in Upper Austria on 16
B27 Intelligence, Energy M&A, Industry Reports
Offshore Venezuela gas project advances as Eni, Repsol secure export pathway
Eni and Repsol have reached an agreement to expand Venezuela’s offshore Perla gas field, targeting LNG exports by 2031 as
Kuwait declares force majeure as Hormuz disruption halts oil export flows
Kuwait has declared force majeure on oil and refined product shipments as the Strait of Hormuz blockade disrupts export flows,
Hormuz outlook uncertain as Iran reverses reopening; analyst warns of economic risk
As Iran again closes the Strait of Hormuz after a brief reopening, energy analyst Arjun Murti tells World Oil that
Oil prices jump after Iran and U.S. attack commercial ships as tensions escalate over Strait of Hormuz
Crude oil prices surged Sunday, as the U.S. and Iran teetered on the brink of a renewed war after attacks
Metaseis platform targets scalable seismic data management for upstream workflows
Moveout Data has launched Metaseis, a seismic data management software platform designed to streamline processing, improve data accessibility and support