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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.

Qatar Petroleum signs agreement to enter new exploration block in Mozambique
11 Mar 20192 min read

Qatar Petroleum signs agreement to enter new exploration block in Mozambique

The company entered into an agreement with Eni to acquire a 25.5% participating interest in block A5A, located in the Angoche basin, offshore the Republic of Mozambique.

BP awards contracts to McDermott and BHGE for Greater Tortue Ahmeyim natural gas project
11 Mar 20193 min read

BP awards contracts to McDermott and BHGE for Greater Tortue Ahmeyim natural gas project

The companies have announced that they have been awarded subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment contracts by BP for the Greater Tortue Ahmeyim natural gas project, located offshore Mauritania and Senegal.

Transocean Ltd. announces contract award for Ocean Rig Corcovado and Ocean Rig Mykonos
11 Mar 20191 min read

Transocean Ltd. announces contract award for Ocean Rig Corcovado and Ocean Rig Mykonos

The company has announced that Petrobras awarded two of the Company’s ultra-deepwater drillships, the Ocean Rig Corcovado and Ocean Rig Mykonos, with a 629-day contract and 550-day contract, respectively.

BW Offshore: acquisition of Maromba field, offshore Brazil
11 Mar 20192 min read

BW Offshore: acquisition of Maromba field, offshore Brazil

The company has entered into an agreement to acquire 70% of the Maromba field offshore Brazil for a total acquisition cost of US$90 million from Petrobras.

United Oil & Gas PLC: Farms in to Bénin Licence
11 Mar 20194 min read

United Oil & Gas PLC: Farms in to Bénin Licence

The Bénin Onshore Block B is located in the Dahomey Embayment (Coastal Basin) and covers an area of 4590 km2 (approximately 1.1 million acres). The Block is located to the west of Bénin's capital Cotonou continuing to the Togo border.

Empyrean Energy PLC: Plan of development approval for Mako Gas Field, Duyung PSC, Indonesia
11 Mar 20191 min read

Empyrean Energy PLC: Plan of development approval for Mako Gas Field, Duyung PSC, Indonesia

Empyrean had announced that the Ministry of Energy and Minerals in Indonesia has approved the plan of development (POD) for the Mako Gas Field at the Duyung PSC in Indonesia.

ABB launches UK-wide variable speed drives hire fleet
11 Mar 20192 min read

ABB launches UK-wide variable speed drives hire fleet

Users of low voltage variable speed drives (VSD) can now keep processes running, test new applications or prove predicted energy savings before purchase, through a leasing programme provided by the ABB authorised value provider network.

GlobalData: Translating new upstream development opportunities into tangible production increases will be key for China
11 Mar 20192 min read

GlobalData: Translating new upstream development opportunities into tangible production increases will be key for China

To improve domestic energy security, the country unveiled further reforms in 2018, which have prompted interest from international investors. However, translating this into tangible production increases will be the next challenge, says GlobalData.

SIMMONS EDECO celebrates 57th anniversary with new base in Mexico
8 Mar 20192 min read

SIMMONS EDECO celebrates 57th anniversary with new base in Mexico

As the company enters its 57th year, the new facility in Villahermosa, Tabasco is part of the company’s efforts to continue to expand its presence in Mexico’s burgeoning oil and gas market.

Colter well and side-track: completion of drilling operations
8 Mar 20192 min read

Colter well and side-track: completion of drilling operations

The Colter well (98/11a-6) was drilled as a vertical well with the Ensco-72 jack-up rig and reached a total depth of 1870 m MD in the Sherwood Sandstone.

TGS announces new project in US onshore
8 Mar 20192 min read

TGS announces new project in US onshore

The company has announced a new multi-client onshore 3D seismic project, South Hackberry 3D, located on the east flank of the Anadarko Basin in Garfield, Kingfisher and Logan Counties, Oklahoma.

PTTEP makes new gas discovery in Orchid-1, offshore Australia
8 Mar 20191 min read

PTTEP makes new gas discovery in Orchid-1, offshore Australia

The result is in line with PTTEP’s expectation and will be incorporated into development planning of Cash-Maple field which contains 3.5 trillion ft3 of resources.

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