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Petrobras received the PA-38 jack-up rig for Guaricema field shallow water well decommissioning about 9 km from the coast of Brazil.

The global oil market is feeling the impact of intensifying trade tensions and a softening economic outlook, prompting a downward revision in demand growth for the year.

'As a result of recent commodity price movement and significant market volatility, there are high uncertainties in outlooks for future energy supply, demand, and prices', TIPRO warned.

The US's campaign to impose 'maximum pressure' on Iran's economy now includes the Islamic Republic's liquefied petroleum gas exports.

Just how much crude oil is the U.S. producing at the moment?

Rigzone asked oil and gas recruitment experts what the biggest oil and gas hiring surprises they've seen so far this year are.

U.S. Department of Energy said April 3 it awarded a contract of $1.4 billion to Strategic Storage Partners to manage and operate the four sites of the nation’s Strategic Petroleum Reserve (SPR).  Strategic Storage Partners is a joint venture of Aptim Federal Services of Baton Rouge, La., and BWX Technical Services Group of Lynchburg, Va.  […] The post DOE awards contract of $1.4 billion to JV to operate SPR in Texas, Louisiana appeared first on Permian Basin Oil and Gas Magazine.

The Woodlands-based Ring Energy said its acquisition of Lime Rock Resources earlier this year has grown its total production by 12 percent.  Paul McKinney, chairman and CEO, said Ring is looking to grow its production in Central Basin Platform both by acquisition and organically as it faces greater competition in the region between more well-known […] The post Ring Energy grows production after Lime Rock deal; ‘real promise’ in CBP appeared first on Permian Basin Oil and Gas Magazine.

Dallas-based IOG Resources said April 10 it entered a joint development partnership in Permian Basin with Midland’s Elevation Resources.  Their 2025 drilling plans include 10 horizontal Barnett wellbores in Andrews County.  Elevation Resources is a Permian-focused exploration and production company with operations in the Central Basin platform.  It was formed in 2013 with financial backing […] The post Partnership of Midland’s Elevation Resources, IOG to drill in Andrews County appeared first on Permian Basin Oil and Gas Magazine.