Transocean adds $445 million backlog with Petrobras drillship extension
(World Oil) – Transocean has secured a long-term contract extension with Petrobras for its ultra-deepwater drillship Deepwater Corcovado, adding approximately $445 million to the company’s backlog. The 1,156-day extension will begin in direct continuation of the rig’s current
Transocean adds $445 million backlog with Petrobras drillship extension
(World Oil) – Transocean has secured a long-term contract extension with Petrobras for its ultra-deepwater drillship Deepwater Corcovado, adding approximately $445 million to the company’s backlog. The 1,156-day extension will begin in direct continuation of the rig’s current work offshore Brazil and is expected
World’s top oil companies to rake in extra $234 billion in war profits
(Oil Price) – An analysis by The Guardian has revealed that the
Oilpatch holding off on investment changes despite crude price surge
(BOE Report) – Canadian oil and gas producers are benefiting from the
Permian holds 55,000 sub-$50/bbl drilling locations, analysis finds
(World Oil)– The Permian basin continues to reinforce its position as the
World’s top oil companies to rake in extra $234 billion in war profits
(Oil Price) – An analysis by The Guardian has revealed that the world’s largest Oil & Gas companies, as well as major oil producers such as Saudi Arabia and Russia, will make an extra $234 billion in windfall profits by
Oilpatch holding off on investment changes despite crude price surge
(BOE Report) – Canadian oil and gas producers are benefiting from the surge in commodity prices driven by the Middle East war, but they say it’s not changing their investment plans in the near-term. The chief executive at
Permian holds 55,000 sub-$50/bbl drilling locations, analysis finds
(World Oil)– The Permian basin continues to reinforce its position as the lowest-cost U.S. shale play, with an estimated 55,000 drilling locations capable of breaking even below $50/bbl, according to new analysis from Enverus Intelligence Research (EIR). The estimate represents
Company to watch
Weekly Inventories
U.S. crude oil inventories decrease by 0.9 million barrels
Weekly Crude Oil Storage as of April 10, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Weekly Gas Storage: Inventories increase by 50 Bcf
Natural Gas Inventories as of April 3, 2026 The EIA has released its natural gas inventory report, showing a net
U.S. rig count decreased by 3, is at 545
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 3 last week, resulting in a total count
