India’s cenbank cuts growth outlook, raises inflation forecast as it keeps rates steady at 5.25%
RBI raised its inflation projection for the year ending March 2027 by 50 basis points to 5.1%, while cutting growth […]
B27 Intelligence
Energy intelligence and title insights from B27 Intelligence.
Energy NL conference underscores Newfoundland’s energy development potential
The Energy NL Conference & Exhibition concluded with discussions focused on offshore development, energy security, regulatory certainty and Newfoundland and
SBM Offshore to sell 45% stake in Trion FSO project to NYK
SBM Offshore plans to divest a 45% ownership stake in the FSO Chalchi project to NYK while retaining majority ownership.
Trump says he could meet Iran’s supreme leader ‘if it was to make a deal’
Khamenei was named the supreme leader in Iran after his father, Ayatollah Ali Khamenei, was killed on the first day
Trafigura Pays Record Dividend as Profit Soars Over $4B
Trafigura Group made a record payout to its top traders and executives.
Oil Retreats on Truce Optimism
Oil prices fell as traders bet the US and Iran are nearing a deal.
MODEC, Eld Energy advance fuel-cell carbon capture system for FPSOs
MODEC and Eld Energy have signed an agreement to develop a 1.2-MW solid oxide fuel cell power system integrated with
USA Crude Oil Stocks Drop by 8MM Barrels Week on Week
Crude oil stocks, not including the SPR, stood at 433.7 million barrels on May 29, the EIA’s latest weekly petroleum
Delfin to Proceed with US’ First Floating LNG Project
Delfin announced a $5 billion investment to launch a Gulf Coast project that will be the United States’ first floating
Santander, JPM to Back $1B TGS Vaca Muerta Financing
Citigroup, Santander, and JPM are among lenders working on a roughly $1 billion finance package for a project by TGS
U.S. House passes bill to extend federal oil and gas permitting fund
The U.S. House of Representatives has passed legislation to reauthorize the Permit Processing Improvement Fund, an industry-funded program that supports
Velesto secures jackup drilling contract offshore Thailand
Velesto has secured a contract from Northern Gulf Petroleum to provide the NAGA 6 jackup rig for a drilling campaign
Expro wins U.S. Gulf subsea services contract extension
Expro has secured a contract extension of up to five years to provide subsea completion and intervention services in the
Venezuela emerges as key supplier in India’s post-Hormuz strategy
India is seeking deeper energy ties with Venezuela, including expanded crude imports and potential upstream investment opportunities, as the Iran
Oil prices fall 3% on report Trump reluctant to restart Iran war
President Donald Trump told aides that he won’t resume the war unless U.S. troops are killed, according to The Wall
Avangrid Bags New Contract to Power Microsoft
Expected to start commercial operation 2028, the 140-MWdc Bluebird in Klickitat County, Washington is the fourth Avangrid project to have
License to Drill Act Passes USA House of Representatives
The bill still needs to pass the Senate and go to U.S. President Donald Trump to become law, the Congress.gov
Velesto Sumber wins Naga 6 drilling contract offshore Thailand
Velesto Energy’s wholly owned subsidiary Velesto Sumber was awarded a contract by Northern Gulf Petroleum for the provision of jackup
Geoactive launches DecomX P&A decision support system
Geoactive launched DecomX, a browser-based plug and abandonment decision support system designed to reduce engineering overhead in well decommissioning workflows.
Equinor wins Havtil consent for COSLPromoter well P&A on Tordis
Norway’s Ocean Industry Authority (Havtil) granted Equinor consent to use the semisubmersible COSLPromoter for permanent plug and abandonment (P&A) of