Oil prices rise as Iran rejects direct U.S. talks despite proposal review
Oil prices rose after Iran signaled it had no intention of holding direct talks with the United States.
Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
CERAWeek Day 3: EPA’s Zeldin announces fuel waiver to improve U.S. gasoline supply
At a press briefing during Wednesday morning at CERAWeek by S&P Global 2026, U.S. EPA Administrator Lee Zeldin announced a
SLB, NVIDIA expand partnership to deploy AI infrastructure for energy industry
SLB and NVIDIA are expanding their collaboration to develop AI infrastructure, modular data centers and domain-specific models aimed at scaling
Sierra Leone promotes offshore licensing, upstream potential at Paris energy forum
Sierra Leone is promoting its offshore oil and gas potential to investors ahead of a new licensing round, highlighting deepwater
Petrobras awards Foresea long-term drillship contract for Mero field offshore Brazil
Foresea has secured a $465 million contract from Petrobras to operate the ultra-deepwater drillship ODN I offshore Brazil, supporting development
Saudi Arabia ramps Yanbu exports toward 5 MMbpd as Hormuz disruption forces rerouting
Saudi Arabia is ramping crude exports from its Yanbu terminals on the Red Sea, targeting 5 MMbpd as it diverts
Nigeria fast-tracks permits to revive idle oil wells, boost production
Nigeria is fast-tracking permits to revive idle oil wells, cutting approval times to hours as operators move to boost production
ConocoPhillips CEO warns supply losses, infrastructure gaps will drive higher oil prices
“You just can’t take 8-to-10 MMbpd off the market, and 20% of LNG supply, and not expect instability,” ConocoPhillips Chairman
OGDCL brings Pasakhi-13 horizontal well online in Pakistan
OGDCL started production from the Pasakhi-13 development well in Sindh province, marking the company’s first successful horizontal oil well in
Bengal plans Ramses 2 well test in Cooper basin under funding deal
Bengal Energy signed a non-binding letter of intent with an Australian energy services company to fund and execute a production
Oil giants raise the alarm over energy shortages as Iran war drags on
Shell CEO Wael Sawan warns Europe will be next to face an energy supply crunch.
AI integration calls for focus on human element, systems-based thinking
AI’s explosive growth is presenting both massive opportunities and strategic challenges for the drilling industry. One of those challenges, says
Data mesh architecture can help decentralize data ownership, maximize value
When it comes to receiving and transmitting field data into storage and analytics systems, the workflow around that process is
Company culture remains key ingredient to successful innovation
Companies must have the right culture in order to successfully and efficiently adopt new and innovative drilling systems, said Eric
AI-enabled shale shaker system aims to boost wellbore stability management capabilities
Drilling engineers rely on hydraulic models and drill cuttings transport models to measure hole-cleaning performance. However, these models can become
Cloud application automates reporting for drilling, completions, workovers on single platform
Mi4’s RigReports, a cloud-based software-as-a-service application, allows operators to manage daily drilling reports, such as the IADC DDR, alongside completions,
Oil drops more than 5% as Trump signals Iran talks despite Tehran denial
Oil prices fell 5% after Donald Trump that Washington and Tehran are “in negotiations right now” and indicated Iran is
Industry seeks balance between competition, collaboration in a growing digital landscape
As the drilling industry adopts more digital and automated systems into their workflows, collaboration between companies has become paramount. However,
Flexibility, adaptability remain critical for students seeking to start oil and gas career
College students today face daunting challenges when navigating their future career paths. Especially for those seeking to join the drilling
Cloud-based platform enables real-time barrier analysis throughout well lifecycle
Well barrier management — the process behind the design, implementation and maintenance of barriers — is an essential part of