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The September/October 2026 issue of Oilfield Technology explores how operators and service companies are responding to a more demanding upstream environment through technology, optimisation and smarter decision-making. Highlights include McKinsey & Company on the growing exploration discovery gap, Halliburton on unlocking bypassed reserves through multilateral technology, and MR Group on continuous BOP assurance, alongside features examining autonomous FPSOs, produced water treatment, H2S scavenging, advanced sealing solutions and the growing role of AI in optimising well and asset performance.

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Home/News

Latest News

Stay up to date with the latest news and updates from the oil industry.

Valaris announces multi-year contract award for drillship VALARIS DS-17
23 Jul 20242 min read

Valaris announces multi-year contract award for drillship VALARIS DS-17

Valaris has announced that it has been awarded a multi-year contract with Equinor Energy do Brasil Ltda., a subsidiary of Equinor, for drillship VALARIS DS-17.

Seatrium secures US$180 million in repairs and upgrades projects
23 Jul 20241 min read

Seatrium secures US$180 million in repairs and upgrades projects

Seatrium has announced that it has secured a series of repairs and upgrades contracts with an aggregate value of US$180 million from their partners.

QatarEnergy increases participation in Suriname’s offshore exploration
22 Jul 20241 min read

QatarEnergy increases participation in Suriname’s offshore exploration

QatarEnergy has signed an agreement with Chevron to acquire a 20% working interest in a production sharing contract for block 5 offshore Suriname.

Parkmead announce formal award of UK licence P2634
22 Jul 20242 min read

Parkmead announce formal award of UK licence P2634

Parkmead has announced that further to the provisional award of three blocks as part of the 33rd UK offshore licensing round, the P2634 licence has now been formally awarded to Parkmead by the UK Government’s North Sea Transition Authority (NSTA).

TechnipFMC awarded Large iEPCI™ contract for Energean’s Katlan development
19 Jul 20241 min read

TechnipFMC awarded Large iEPCI™ contract for Energean’s Katlan development

TechnipFMC has been awarded a large integrated engineering, procurement, construction, and installation (iEPCI™) contract by Energean for its Katlan development in the Mediterranean Sea.

Diamond Offshore announces new drillship commitment
19 Jul 20241 min read

Diamond Offshore announces new drillship commitment

Diamond Offshore Drilling hasannounced that it has entered into a contract with BOE Exploration & Production LLC for the Ocean BlackRhino for work in the U.S. Gulf of Mexico.

Tenaz Energy corp. announces agreement to acquire NAM Offshore B.V.
19 Jul 20242 min read

Tenaz Energy corp. announces agreement to acquire NAM Offshore B.V.

Tenaz Energy has entered into an agreement with Nederlandse Aardolie Maatschappij B.V., a 50/50 joint venture between Shell PLC and ExxonMobil Corporation, to acquire all of the issued and outstanding shares of NAM Offshore B.V. for base consideration of €165 million (US$246 million), prior to closing adjustments and contingent payments.

Wood Mackenzie: National M&A spend hits 20-year low
18 Jul 20243 min read

Wood Mackenzie: National M&A spend hits 20-year low

According to Wood Mackenzie, international M&A spend from NOCs has collapsed from over US$30 billion per year (2009 – 2013) to less than US$5 billion (2019 - 2023).

TGS announces the extension of OBN data acquisition campaign
18 Jul 20241 min read

TGS announces the extension of OBN data acquisition campaign

The company has announced an extension of its deepwater Ocean Bottom Node (OBN) data acquisition campaign in West Africa.

BW sign letter agreement to acquire shares in Reconnaissance Energy Africa
18 Jul 20243 min read

BW sign letter agreement to acquire shares in Reconnaissance Energy Africa

BW Energy has signed a letter agreement to acquire shares in Reconnaissance Energy Africa and 20% interest in onshore exploration license PEL 73 in Namibia.

Union Jack Oil plc shares drilling update
18 Jul 20242 min read

Union Jack Oil plc shares drilling update

The company has announced a positive drilling update in respect of the Andrews 2-17 well, located in Seminole County, Oklahoma, United States, in which Union Jack holds a 45% working interest.

TotalEnergies sells its interest in SPDC JV
18 Jul 20242 min read

TotalEnergies sells its interest in SPDC JV

TotalEnergies has announced that its subsidiary TotalEnergies EP Nigeria signed a sale and purchase agreement (SPA) with Chappal Energies for the sale of its 10% interest in the SPDC JV licenses in Nigeria.

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