Oil edges higher as U.S.-Iran ceasefire fails to boost traffic via Strait of Hormuz
U.S. President Donald Trump on Thursday warned Iran to “stop now” if it was charging tankers to transit the Strait […]
Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Asia-Pacific markets open mostly higher as a fragile Iran-U.S. ceasefire keeps investors on edge
The West Texas Intermediate was up 0.62% at $98.48 per barrel as of 7:50 p.m. ET. Brent crude ended the session
Petrobras awards Subsea7 ‘supermajor’ contract for Sépia 2 in Brazil’s pre-salt
Subsea7 has secured a SURF contract worth at least $1.25 billion for Petrobras’ Sépia 2 pre-salt development in Brazil’s Santos
ConocoPhillips deploys team to assess Venezuela oil prospects
ConocoPhillips has sent a team to Venezuela to evaluate potential oil and gas opportunities, signaling renewed interest in the country’s
Baker Hughes teams with DTEK to expand Ukraine gas production capacity
DTEK Oil&Gas and Baker Hughes have signed an MOU to increase natural gas production in Ukraine, combining advanced technology and
Keir Starmer: ‘I’m fed up’ with Trump and Putin affecting UK energy costs
Iran effectively closed the Strait of Hormuz during the war with U.S. and Israel, creating an oil supply crunch and
Strait of Hormuz oil flows to recover slowly despite ceasefire, analysts say
Oil flows through the Strait of Hormuz are expected to recover slowly following the U.S.-Iran ceasefire, with millions of barrels
Hormuz Strait oil traffic way down after ceasefire; Hassett says even one tanker is big deal
Trump said the temporary ceasefire is “subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE
CB&I completes acquisition of Petrofac Asset Solutions business
CB&I has completed its acquisition of Petrofac’s Asset Solutions business, adding operations, maintenance, wells and decommissioning services to expand its
MaverickX expands PetroX production with new Eagle Ford facility in Texas
MaverickX has opened a new production facility in Pleasanton, Texas, scaling output of its PetroX chemical solutions used for enhanced
Egypt agrees to buy full output from Cyprus’ Aphrodite gas field
Egypt has agreed to purchase the full output of Cyprus’ Aphrodite gas field under a long-term deal, securing future supply
ONE-Dyas brings second well onstream at N05-A platform in North Sea
ONE-Dyas started gas production from the second production well on the N05-A platform in the North Sea, increasing the platform’s
Chevron strikes oil at Bandit prospect in US Gulf
Chevron confirmed an oil discovery at the Bandit prospect in the US Gulf of Mexico, located in Green Canyon Block
SLB OneSubsea wins HPHT subsea boosting contract for Shenandoah field
SLB OneSubsea was awarded a contract by Beacon Offshore to deliver a high-pressure, high-temperature (HPHT) multiphase boosting system for the
Occidental discovers oil at Bandit prospect in U.S. Gulf
Occidental has reported an oil discovery at the Bandit prospect in Green Canyon Block 680 in the U.S. Gulf, encountering
SLB OneSubsea wins HPHT boosting contract for Shenandoah field in U.S. Gulf
SLB OneSubsea has secured a contract from Beacon Offshore Energy to deliver an HPHT multiphase boosting system for the Shenandoah
Family offices piled into oil after capital dried up. The recent rally has made for big gains
After ESG pressures forced private equity investors out of oil and gas, investment firms of ultra-wealthy families stepped up.
Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself
The Hormuz disruption is hammering Asian economies with surging energy costs and weakening currencies, but a repeat of the crisis
‘Weeks, if not months’: Strait of Hormuz tanker traffic won’t normalize anytime soon
Traffic through the Strait of Hormuz has yet to see a meaningful rebound and this could continue for weeks, warn
From war to weather: A ‘super El Niño’ event poses fresh risks to global food costs
An unusually powerful El Niño weather event could take shape later this year, exacerbating global food security fears.