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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.

Weatherford successfully completes financial restructuring
16 Dec 20192 min read

Weatherford successfully completes financial restructuring

The company has emerged from chapter 11 and appointed a new board of directors.

SOCAR/Petrofac joint venture secures project management services contract with BP
16 Dec 20191 min read

SOCAR/Petrofac joint venture secures project management services contract with BP

The three-year contract will support both onshore and offshore activity for BP operated projects in the Caspian Sea area including Azeri-Chirag-Gunashli (ACG), Shah Deniz, Baku-Tbilisi-Ceyhan (BTC), South Caucasus Pipeline (SCP) and Western Route Export Pipeline (WREP).

Transocean announces contract award for semisubmersible
16 Dec 20191 min read

Transocean announces contract award for semisubmersible

The contract is expected to commence in 2Q20 and will contribute approximately US$91 million of contract backlog, excluding mobilisation reimbursement.

CGG geoscience packages reveal prospectivity of North West Shelf and Banda Arc
16 Dec 20192 min read

CGG geoscience packages reveal prospectivity of North West Shelf and Banda Arc

CGG has completed JumpStart™ multi-client geoscience packages for the North West Shelf (NWS) of Australia and the Banda Arc in the Asia-Pacific region.

Equinor completes agreements for safety and automation systems
16 Dec 20192 min read

Equinor completes agreements for safety and automation systems

The framework agreements cover operation of all the company’s installations on the Norwegian continental shelf (NCS) and onshore plants in Norway.

Equatorial Guinea grants ExxonMobil extension on offshore blocks
16 Dec 20191 min read

Equatorial Guinea grants ExxonMobil extension on offshore blocks

The Ministry of Mines and Hydrocarbons of Equatorial Guinea has granted ExxonMobil a six-month extension for offshore blocks EG06 and EG-11.

Petrofac awarded North Sea engineering frameworks
13 Dec 20191 min read

Petrofac awarded North Sea engineering frameworks

The two framework agreements are for the provision of Engineering, Procurement, Construction and Commissioning (EPCC) services.

United Oil & Gas completes sale of North Sea blocks
13 Dec 20192 min read

United Oil & Gas completes sale of North Sea blocks

North Sea Blocks 15/18d and 15/19b (Licence P2366) have been sold to Anasuria Hibiscus UK Limited for a headline consideration of up to US$5 million.

OneSubsea to supply Chevron with subsea production system for Gulf of Mexico
13 Dec 20191 min read

OneSubsea to supply Chevron with subsea production system for Gulf of Mexico

OneSubsea will supply vertical monobore production trees and multiphase flowmeters rated up to 20 000 psi.

Key criteria to ensure proper selection of a cable drag chain
13 Dec 20191 min read

Key criteria to ensure proper selection of a cable drag chain

Tsubaki® KabelSchlepp® discusses the items needed to ensure that a cable track is properly selected and sized for the user’s application and covers how diameters and weights of the fill package affect cable track selection.

Total advances on deepwater projects in Gulf of Mexico
13 Dec 20192 min read

Total advances on deepwater projects in Gulf of Mexico

An FID has been announced for the Anchor oilfield and FEED has begun for the North Platte discovery.

Schlumberger and Dataiku Technology enter AI partnership
13 Dec 20192 min read

Schlumberger and Dataiku Technology enter AI partnership

The partnership will enable the E&P industry to build and deploy their own artificial intelligence (AI) solutions across the full breadth of their upstream workflows.

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