The Barnett-Woodford holds approximately 3 billion barrels (Bbbl) of undeveloped recoverable oil across more than 6,400 drilling locations in the Midland basin, according to new analysis from Enverus Intelligence Research (EIR).
Sri Lanka is seeking international E&P companies for four offshore exploration blocks covering nearly 34,000 km² in the Mannar basin as the country advances its 2026 licensing round.
Helmerich & Payne (H&P) will deploy seven additional FlexRobotics systems for ExxonMobil over the next 12 months, expanding the companies’ use of drilling automation technology across ExxonMobil’s operations.
Brent crude swung back above $100 per barrel today as reports flow in about increasingly frequent Iranian attacks on tankers in Hormuz and U.S. Gulf of Mexico field operators began shutting in production ahead of a potential hurricane.
Crude oil exports out of the Persian Gulf reached 81% of pre-war levels
China is accelerating efforts to produce more oil from ultra-deep formations
Saudi Arabia’s East-West pipeline had moved 5.8 million barrels of crude as of Tuesday morning
Brent rises above $100 again following fresh Houthi attacks on Saudi energy infrastructure.
Chevron, Shell and BP are evacuating workers from all its platforms in the Gulf of Mexico
On Friday, the G7 countries agreed to release up to 100 million barrels of crude oil and diesel over the next four months