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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.

TotalEnergies announces new offshore exploration license
18 Dec 20231 min read

TotalEnergies announces new offshore exploration license

TotalEnergies and its partners, QatarEnergy and Petronas, have signed a production sharing contract for Block 64 with Staatsolie Maatschappij Suriname (Staatsolie), the state-owned oil company of Suriname.

Tower Resources executes contract with Borr Drilling Limited
18 Dec 20232 min read

Tower Resources executes contract with Borr Drilling Limited

The company has announced that it has executed a contract with Borr Drilling Limited for the hire of the Norve jack-up rig, one of Borr’s fleet of high-specification drilling units, to drill the NJOM-3 well on Tower’s Thali license in Cameroon in 2024.

TGS completes the imaging phase of the NOAKA OBN multi-client survey located in the North Sea
15 Dec 20232 min read

TGS completes the imaging phase of the NOAKA OBN multi-client survey located in the North Sea

The NOAKA OBN survey was acquired over two seasons in 2021 – 2022 and comprises 434 km2 of multi-client OBN data.

Wood Mackenzie: Brazilian bid round opens new offshore frontier in Pelotas Basin
15 Dec 20232 min read

Wood Mackenzie: Brazilian bid round opens new offshore frontier in Pelotas Basin

A total of 193 blocks were auctioned in Brazil’s December 13 oil and gas licensing round – 192 under concession and one under production sharing agreement.

Dutch large-scale CO2 storage project L10CCS reaches FEED phase
14 Dec 20233 min read

Dutch large-scale CO2 storage project L10CCS reaches FEED phase

Neptune Energy and its partners EBN, Tenaz Energy and ExxonMobil Netherlands CCS, have progressed the L10CCS project from the Concept Select phase into the next Define/FEED phase.

Equinor is increasing its ownership in the Linnorm discovery
14 Dec 20232 min read

Equinor is increasing its ownership in the Linnorm discovery

The company has entered into an agreement to acquire Shell’s equity in and operatorship of the Linnorm discovery in the Norwegian Sea.

Wintershall Dea completes appraisal well on Bergknapp discovery in Norway
13 Dec 20232 min read

Wintershall Dea completes appraisal well on Bergknapp discovery in Norway

The company, in collaboration with its partners, DNO Norge and Equinor, has successfully completed the drilling of an appraisal well at the Bergknapp discovery in the Norwegian Sea.

Libra Consortium and Halliburton Landmark collaborate to develop field digital twin
12 Dec 20231 min read

Libra Consortium and Halliburton Landmark collaborate to develop field digital twin

Halliburton Company has announced it will work with Libra Consortium, led by Petrobras, to develop a digital twin for a pre-salt field system in Brazil.

Neptune Energy announces Kyrre discovery and confirmed Ofelia volumes in Gjøa area
12 Dec 20232 min read

Neptune Energy announces Kyrre discovery and confirmed Ofelia volumes in Gjøa area

Neptune Energy and its partners has announced a new discovery at the Kyrre prospect and confirmed the volumes for the Ofelia appraisal well, both located in the PL 929 licence, close to the Gjøa field in the Norwegian sector of the North Sea.

Occidental Petroleum’s purchase of CrownRock pushes annual Permian acquisitions to more than US$100 billion
12 Dec 20232 min read

Occidental Petroleum’s purchase of CrownRock pushes annual Permian acquisitions to more than US$100 billion

Addressing Occidental Petroleum’s (OXY) purchase of CrownRock for US$12 billion, Robert Clarke, Vice President of Upstream Research at Wood Mackenzie said, “This transaction cements an absolute banner year in Permian acquisitions and divestments spend.”

API calls on the Biden Administration to remove barriers to energy production in Alaska
11 Dec 20232 min read

API calls on the Biden Administration to remove barriers to energy production in Alaska

The American Petroleum Institute (API) has called on the Biden administration to recognise the important role that Alaska plays in US energy security and support the continued development of energy resources in the National Petroleum Reserve (NPR-A).

PTTEP yields oil and gas discoveries offshore Malaysia
11 Dec 20232 min read

PTTEP yields oil and gas discoveries offshore Malaysia

The company is poised to expedite the development of these discoveries through a cluster development approach, paving the way for long-term growth in Malaysia.

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