$166 a barrel? Middle East oil gives clue to where all prices could be headed if Iran war drags on
A breakout of oil prices in Asia has left analysts debating whether U.S. crude could see further upside.
Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Iran strike could cut 17% of Qatar LNG capacity for up to five years
An Iranian strike on Qatar’s Ras Laffan complex could remove 17% of the country’s LNG export capacity for up to
Shell reports damage to Pearl GTL plant after Iran attack on Qatar LNG hub
Shell confirmed damage to its Pearl gas-to-liquids (GTL) plant following an Iranian strike on Qatar’s Ras Laffan Industrial City, highlighting
Danos achieves record safety performance with lowest TRIR on record
Danos reported its lowest Total Recordable Incident Rate (TRIR) on record in 2025, achieving 0.07 across more than 11.5 million
Trendsetter installs tethered BOP for deepwater U.S. Gulf well stability
Trendsetter Vulcan Offshore has deployed a tethered BOP system in the U.S. Gulf to reduce wellhead fatigue in soft seabed
UK, allies call on Iran to end Hormuz disruption, energy attacks
The UK and allied nations are urging Iran to halt attacks on energy infrastructure and restore shipping through the Strait
B27 Intelligence, Energy M&A, Industry Reports
Vietnam advances offshore gas project with development approval
Vietnam has approved the field development plan for Jadestone Energy’s Nam Du–U Minh offshore gas project, enabling reserve booking and
Eni, PETRONAS name Southeast Asia upstream JV Searah
Eni unveiled “Searah” as the name of its new joint venture with PETRONAS, combining selected upstream assets and capabilities across
PRIO nears first oil at Wahoo as commissioning progresses
PRIO is nearing startup of its Wahoo field development in Brazil’s Campos basin, with commissioning activities underway following completion of
New gas consortium Quiluma starts up offshore gas field
TotalEnergies announced the start of production from the Quiluma field, in which the company holds an 11.8% interest alongside its
EON to launch San Andres drilling program after recompletion campaign
EON Resources will begin its 2026 development program with the recompletion of five vertical wells in the San Andres formation,
Strikes on Gulf energy infrastructure send oil, gas prices sharply higher
Oil and gas prices surged after strikes hit key Gulf energy infrastructure, including Qatar’s Ras Laffan LNG complex and refineries
Oil jumps 4% as Iranian retaliatory strikes on Qatar’s key energy facility stoke supply worries
Oil prices jumped as markets react to escalating tensions after Qatar said Iranian missile strikes damaged a key liquefied natural
Iran, Israel strikes hit key oil and LNG infrastructure as Middle East war escalates
Iran and Israel have exchanged strikes on major energy infrastructure, including Qatar’s Ras Laffan LNG hub and Iran’s South Pars
Petrobras confirms deepwater gas discovery offshore Colombia
Petrobras has confirmed a new deepwater gas discovery at the Copoazu-1 well in Colombia’s offshore GUA-OFF-0 Block, expanding the region’s
World’s largest heavy-lift jackup completes UK North Sea decommissioning
Petrodec has completed a major decommissioning project in the UK Southern North Sea using its OBANA heavy-lift jack-up vessel, removing
OEUK urges scrapping windfall tax to boost UK gas output, energy security
UK industry group Offshore Energies UK is urging reform of the North Sea windfall tax, saying changes could unlock £50
White House, oil executives to discuss supply response as fuel prices rise
U.S. Vice President JD Vance will meet with oil industry executives at the American Petroleum Institute as fuel prices surge
Aramco brings Ras Tanura refinery back online following Gulf attacks
Saudi Aramco has restarted operations at its 550,000-bpd Ras Tanura refinery after a drone-related shutdown, restoring a key supply hub
B27 Intelligence, Energy M&A, Industry Reports
IMI wins North Sea contract for ultra-high-pressure chemical injection valves
IMI will supply ultra-high-pressure control valves for a North Sea offshore project, supporting chemical injection systems operating above 600 bar