BP flags ‘exceptional’ oil trading performance as Iran war chokes supply
BP said its oil trading performance had turned around dramatically after a “weak” fourth quarter.
Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Oil falls as Vance comments raise hopes for a diplomatic resolution to Mideast conflict
U.S. Vice President JD Vance said Monday that the next steps in U.S.-Iran peace efforts now depend on Tehran.
Vance says ‘the ball is in Iran’s court’ to move peace talks further, as U.S. blockade takes effect
The U.S. team of Vance and special envoys Steve Witkoff and Jared Kushner made progress with Iran during the Islamabad
Chevron expands Venezuela heavy oil position in PDVSA asset swap
Chevron has expanded its heavy oil position in Venezuela through an asset swap with PDVSA, increasing its stake in Petroindependencia
Trump is blockading Iranian ports in the Persian Gulf. What does that mean?
A former Pentagon official said the goal of the U.S. blockade is to get the Iranians to back down and
The Iran war is compounding California’s energy crunch
While the United States leans into its domestic crude oil production, one state is being left out to dry, California.
Petrobras confirms hydrocarbon discovery in deepwater Campos basin
Petrobras has confirmed a hydrocarbon discovery in a pre-salt exploration well in Brazil’s Campos basin, with further analysis underway to
TotalEnergies confirms offshore Congo discovery at Moho license, eyes tie-back
TotalEnergies has confirmed a hydrocarbon discovery at the Moho license offshore Congo, with estimated resources of around 100 MMbbl and
Halliburton wins multibillion-dollar fracturing contract with YPF in Vaca Muerta
Halliburton has secured a multibillion-dollar contract from YPF to provide unconventional completions and electric fracturing services in Argentina’s Vaca Muerta
Borr Drilling reports Middle East rig resumptions, new Southeast Asia contract
Borr Drilling reported operational updates across its fleet, including the resumption of Middle East operations following a previously disclosed regional
BP acquires stake in three offshore Namibia exploration blocks
BP agreed to acquire a 60% operating interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil &
TotalEnergies makes hydrocarbon discovery in Republic of Congo
TotalEnergies EP Congo made a hydrocarbon discovery on the Moho license, offshore the Republic of Congo, following the drilling of
ABL, PMS sign MOU for rig moving services in Egypt
Energy and marine consultancy ABL signed a memorandum of understanding (MOU) with Egyptian offshore construction and services company Petroleum Marine
bp to acquire 60% stake in Eco Atlantic’s Namibia offshore exploration blocks
Eco Atlantic has farmed down a 60% interest in its Namibia offshore exploration licenses to bp, transferring operatorship as part
OPEC oil output plunges nearly 8 MMbpd as Iran war disrupts exports
OPEC oil output fell by nearly 8 million bpd in March, the largest drop on record, as the Iran war
ABL, PMS partner on rig moving services for Egypt offshore operations
ABL and Petroleum Marine Services (PMS) have signed an MoU to provide offshore rig moving, marine assurance and risk services
CoreMarine, Jumbo Offshore win FLNG installation contract offshore Argentina
CoreMarine and Jumbo Offshore have secured a contract to install soft-yoke mooring systems and perform hook-up of FLNG vessels offshore
TotalEnergies, TPAO sign exploration MoU for Black Sea opportunities in Türkiye
TotalEnergies and TPAO have signed an exploration MoU to jointly assess oil and gas opportunities in Türkiye’s Black Sea and
U.S. blockade of Strait of Hormuz set to begin
The U.S. blockade, set to begin at 10 a.m. ET, will apply to “any and all Ships trying to enter,
Europe cheers Orbán defeat as a bloody nose for the Kremlin – but Hungary’s future remains contested
European leaders welcome the election of a pro-EU candidate while Russia and the U.S. lose an ally after the defeat