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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.

L&T wins offshore order from ONGC
14 Jun 20241 min read

L&T wins offshore order from ONGC

The Hydrocarbon vertical (L&T Energy) of Larsen & Toubro has secured an order from the Oil & Natural Gas Corporation for Daman Upside Development Project-Wellhead Platforms & Pipelines (DUDP-WP), off India’s west coast.

Viridien makes sale of Sercel vessel monitoring and alert system to ExxonMobil Guyana Ltd
13 Jun 20241 min read

Viridien makes sale of Sercel vessel monitoring and alert system to ExxonMobil Guyana Ltd

The company has announced that its sensing and monitoring business line, marketed under the Sercel brand, has made a sale of its Marlin vessel monitoring and alert system to ExxonMobil Guyana Ltd. to support its offshore operations in Guyana.

Noble grabs first mover advantage as offshore rig market consolidation begins, says Wood Mackenzie
13 Jun 20241 min read

Noble grabs first mover advantage as offshore rig market consolidation begins, says Wood Mackenzie

Leslie Cook, Principal Analyst of Upstream Supply Chain for Wood Mackenzie, addresses Noble Corp’s acquisition of Diamond Offshore.

Eni divests 10% stake in Saipem for €393 million
13 Jun 20242 min read

Eni divests 10% stake in Saipem for €393 million

Following the transaction, Eni's holding in Saipem has been reduced to approximately 21.19%.

PETRONAS awards late life asset PSC for production continuity of Banang Field
13 Jun 20241 min read

PETRONAS awards late life asset PSC for production continuity of Banang Field

PETRONAS, through Malaysia Petroleum Management (MPM) has awarded a late life asset production sharing contract (LLA PSC) for Banang field, located offshore Peninsular Malaysia to Petra Energy Development Sdn. Bhd. (PEDSB), a wholly owned subsidiary of Petra Energy Berhad.

Petrobras and Shearwater to collaborate on research and technology development in seismic acquisition and processing
13 Jun 20241 min read

Petrobras and Shearwater to collaborate on research and technology development in seismic acquisition and processing

Petrobras and Shearwater have signed a memorandum of understanding (MOU) for joint development and execution of scientific research and technology innovation within seismic processing and acquisition focused on data quality, value and acquisition efficiency.

Matador Resources Company announces strategic bolt-on Delaware Basin acquisition
13 Jun 20242 min read

Matador Resources Company announces strategic bolt-on Delaware Basin acquisition

Matador Resources has announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler Counties, Texas.

Drilling update booth well in l7 permit Perth basin
12 Jun 20242 min read

Drilling update booth well in l7 permit Perth basin

Triangle Energy Global has advised that preparatory works by the L7 Joint Venture with Strike Energy and New Zealand Oil and Gas to drill the Booth-1 well in the North Perth Basin are nearing completion and all regulatory approvals have been received.

Viridien awarded seismic imaging project in Algeria
12 Jun 20241 min read

Viridien awarded seismic imaging project in Algeria

The company has been selected by Groupement Berkine to perform the seismic imaging of a high-density onshore data set over blocks B404a and B208 of the Berkine Basin in Eastern Algeria.

MODEC, Inc. congratulates Woodside on first oil from Sangomar field
12 Jun 20242 min read

MODEC, Inc. congratulates Woodside on first oil from Sangomar field

The FPSO Léopold Sédar Senghor deployed at the field was constructed by MODEC and acquired under an FPSO purchase contract by Woodside Energy (Senegal) B.V., as operator of the Sangomar Field Development Phase 1.

Aker Solutions secures long-term brownfield and modification frame agreement with Azule Energy
12 Jun 20242 min read

Aker Solutions secures long-term brownfield and modification frame agreement with Azule Energy

Aker Solutions has secured a sizeablelong term frame agreement with Azule Energy to provide engineering, procurement, and construction services (EPC) for brownfield projects and modifications for two FPSOs in Angola.

Wood to deliver engineering contract with TotalEnergies in Iraq
12 Jun 20241 min read

Wood to deliver engineering contract with TotalEnergies in Iraq

The company will provide front-end engineering design (FEED), detailed design, procurement support, and construction and commissioning assistance for the first phase of the Associated Gas Upstream Project.

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