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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.

TAQA UK celebrates 30 years of production from Harding North Sea platform
27 Apr 20262 min read

TAQA UK celebrates 30 years of production from Harding North Sea platform

Located in the Central North Sea, Harding has played a pivotal role in powering homes, fueling industry and playing a vital role in the UK’s economy for three decades.

KBR announces strategic UK investment in AI
27 Apr 20262 min read

KBR announces strategic UK investment in AI

KBR has announced a strategic investment in UK-based Applied Computing, marking a significant step forward in KBR’s AI driven growth strategy. As part of the investment, KBR has also secured a board position in the company.

Urgent oil and gas decommissioning could deliver 25 000 jobs for North Sea workers
24 Apr 20264 min read

Urgent oil and gas decommissioning could deliver 25 000 jobs for North Sea workers

Urgent action to ensure oil and gas companies meet their legal obligations to safely remove ageing oil and gas infrastructure from the North Sea could create up to 25 000 UK jobs and deliver up to £15 billion in economic benefit to the UK, a new first-of-its-kind report shows.

Wood Mackenzie analysis: major oil companies increase high-impact exploration investment to address 300 billion bbl supply gap and energy security priorities by 2050
23 Apr 20263 min read

Wood Mackenzie analysis: major oil companies increase high-impact exploration investment to address 300 billion bbl supply gap and energy security priorities by 2050

The world's 30 largest exploration and production companies face production declines averaging nearly 40% between 2025 and 2040.

BOEM releases final environmental impact statement for Platform Gilda well stimulation proposal offshore California
23 Apr 20262 min read

BOEM releases final environmental impact statement for Platform Gilda well stimulation proposal offshore California

The final environmental impact statement analyses the potential environmental impacts associated with authorising proposed treatments on up to 16 existing wells as part of the operator’s update to its Development and Production Plan.

Lufkin enables mature wells to be optimised for greater production with SROD V9.5.0
22 Apr 20261 min read

Lufkin enables mature wells to be optimised for greater production with SROD V9.5.0

Technology enables engineers to seamlessly import well design files from various platforms to optimise design, further advancing the leading rod design platform.

ASCO secures Australian contracts worth more than AUS$30 million
21 Apr 20262 min read

ASCO secures Australian contracts worth more than AUS$30 million

ASCO, a leading logistics, materials and operations management specialist, has recently secured four significant contracts across Australia, totalling AUS$33.2 million.

Trump cites Defense Production Act to sign energy-related memorandums
21 Apr 20261 min read

Trump cites Defense Production Act to sign energy-related memorandums

Reuters reports that Trump signed memorandums on coal supply chains, domestic petroleum production, natural gas transmission and liquefied natural gas capacity.

IEEFA: Europe’s electricity prices are still tied to gas, making geopolitics a structural vulnerability
20 Apr 20265 min read

IEEFA: Europe’s electricity prices are still tied to gas, making geopolitics a structural vulnerability

The 2026 Iran war and the disruption to LNG flows through the Strait of Hormuz have increased global gas price volatility, which has fed directly into European power markets.

European Gas hits seven-week low on Trump announcement
20 Apr 20263 min read

European Gas hits seven-week low on Trump announcement

European gas prices fell to near seven-week lows on the afternoon of Friday 17th April 2026, on news the Strait of Hormuz would be fully open to commercial shipping, but traders and analysts remained cautious, according to Montel.

Wood Mackenzie: six-country international shale priority list for energy security as Middle East conflict drives supply diversification
17 Apr 20264 min read

Wood Mackenzie: six-country international shale priority list for energy security as Middle East conflict drives supply diversification

Middle East conflict has elevated strategic energy security priorities as countries seek supply diversification, international shale exploration can play a key role in meeting those goals, according to new research from Wood Mackenzie, titled “A hydrocarbon copy: the upstream industry’s return to international shale exploration”.

DNV and Equinor introduce the Event Learning Taxonomy CLUE to improve incident understanding for industry
17 Apr 20263 min read

DNV and Equinor introduce the Event Learning Taxonomy CLUE to improve incident understanding for industry

DNV, the independent energy expert and assurance provider, in collaboration with the international energy company Equinor, has introduced a new incident taxonomy that helps organisations improve how they classify, understand, and learn from incidents.

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