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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.

Southeast Asia focus spending on cleaner energy initiatives
22 Aug 20234 min read

Southeast Asia focus spending on cleaner energy initiatives

Southeast Asia's renewable investment to top US$76 billion by 2025, boosting energy independence and competitiveness.

Equinor to cut emissions with electric power in North Sea
22 Aug 20232 min read

Equinor to cut emissions with electric power in North Sea

Equinor and will replace two gas turbines with heat recovery to produce electric power, at Statfjord C platform in the North Sea.

Neptune Energy, Sval Energi and Storegga awarded CO2 storage licence in the Norwegian North Sea
21 Aug 20231 min read

Neptune Energy, Sval Energi and Storegga awarded CO2 storage licence in the Norwegian North Sea

The Trudvang area has the potential to store up to 9 million t of CO2 annually for at least 25 years – a total of 225 million t – with analysis indicating the storage potential could be even higher.

Shell and Deltic started surveying on exploration well in the North Sea
21 Aug 20231 min read

Shell and Deltic started surveying on exploration well in the North Sea

Deltic Energy has been informed by the licence operator Shell UK Ltd that site survey works associated with the Selene exploration well location have commenced.

Recovery from Statfjord Øst to improve with gas lift pipeline
21 Aug 20232 min read

Recovery from Statfjord Øst to improve with gas lift pipeline

The licensees in Statfjord Øst have received consent to use new facilities linked to the gas lift project on the field. Expected start-up will be soon.

Oil and gas discovery near the Fram field in the North Sea
18 Aug 20232 min read

Oil and gas discovery near the Fram field in the North Sea

Equinor Energy AS has concluded the drilling of wells 35/11-26 S and 35/11-26 A.

Tracerco announces supply and marketing agreement with Kobold
17 Aug 20232 min read

Tracerco announces supply and marketing agreement with Kobold

Tracerco announced a supply and marketing agreement with Kobold Completions Inc. to provide clients with a technology that will continuously monitor oil reservoirs.

Silverwell agrees three-year multi-well gas lift contract with major NOC in S.E. Asia
17 Aug 20231 min read

Silverwell agrees three-year multi-well gas lift contract with major NOC in S.E. Asia

Silver has secured a three-year multi-well contract in Southeast Asia for the installation of the artificial lift production optimisation system.

Carbon Catalyst receives two licence awards for its Orion carbon capture and storage project
17 Aug 20231 min read

Carbon Catalyst receives two licence awards for its Orion carbon capture and storage project

Perenco UK and Carbon Catalyst Limited have announced the award of two carbon storage licences by the North Sea Transition Authority (NSTA) to progress the Orion carbon storage project in the Southern North Sea sector of the UK Continental Shelf.

Wood Mackenzie: Oil and gas exploration spending to recover from historic lows
17 Aug 20232 min read

Wood Mackenzie: Oil and gas exploration spending to recover from historic lows

Exploration spend (excluding appraisal) will recover from historic lows to average US$22 billion per annum in real terms over the next five years, according to a new report from Wood Mackenzie.

New US$100 million contract for semi-submersible rig Hercules
16 Aug 20231 min read

New US$100 million contract for semi-submersible rig Hercules

SFL has announced that it has signed a drilling contract in Canada with a value of approximately US$100 million.

Strohm’s TCP jumper installed in South America
16 Aug 20232 min read

Strohm’s TCP jumper installed in South America

The company’s first deep-water/high pressure thermoplastic composite pipe (TCP) jumper in South America has been successfully installed, commissioned and is up and running for ExxonMobil Guyana at its Liza field.

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