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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.

Energy Transition Outlook: Energy related emissions will peak in 2024
9 Oct 20244 min read

Energy Transition Outlook: Energy related emissions will peak in 2024

Energy related emissions are at the cusp of a prolonged period of decline for the first time since the industrial revolution says DNV’s Energy Transition Outlook.

As politics calms, oil output in Libya exceeds one million bpd
9 Oct 20242 min read

As politics calms, oil output in Libya exceeds one million bpd

The North African nation has struggled with political instability since the ousting of Muammar Gaddafi in 2011.

Chevron shutters Gulf of Mexico oil platform as Hurricane Milton approaches
9 Oct 20242 min read

Chevron shutters Gulf of Mexico oil platform as Hurricane Milton approaches

The US oil giant has closed its Blind Faith platform and evacuated staff as the category five storm approaches.

Petrobras sets new production records at its refineries
8 Oct 20241 min read

Petrobras sets new production records at its refineries

Petrobras has reported that the Total Utilization Factor (FUT) of its refineries reached 96.8% in September, representing the highest monthly result in 2024.

TechnipFMC awarded iEPCI contract for bp’s greenfield 20 000 psi development in the Paleogene
8 Oct 20241 min read

TechnipFMC awarded iEPCI contract for bp’s greenfield 20 000 psi development in the Paleogene

TechnipFMC has been awarded an integrated Engineering, Procurement, Construction, and Installation contract by bp for its greenfield Kaskida development in the Gulf of Mexico.

Wood Mackenzie: Chevron moves closer to Canadian divestment target with US$6.5 billion asset sale to CNRL
Update8 Oct 2024

Wood Mackenzie: Chevron moves closer to Canadian divestment target with US$6.5 billion asset sale to CNRL

CNRL moves into top 25 rankings of global oil and gas producers with purchase, comments Wood Mackenzie.

Chevron announces US$6.5 billion sale of its interests in the Athabasca Oil Sands Project and Duvernay shale
7 Oct 20241 min read

Chevron announces US$6.5 billion sale of its interests in the Athabasca Oil Sands Project and Duvernay shale

Chevron Canada Ltd has announced that it and a related entity have agreed to sell their interests in the Athabasca Oil Sands Project and the Duvernay shale to Canadian Natural Resources Ltd.

Mermaid wraps up first phase of North Sea decommissioning campaign for Shell UK
7 Oct 20242 min read

Mermaid wraps up first phase of North Sea decommissioning campaign for Shell UK

Mermaid Subsea Services UK has completed the first stage of a major North Sea decommissioning contract for Shell UK Ltd.

Eni completes combination of UK upstream operations with Ithaca Energy
7 Oct 20241 min read

Eni completes combination of UK upstream operations with Ithaca Energy

Italian multinational energy company Eni has announced the completion of the combination of substantially all its upstream assets in the UK with Ithaca Energy.

Petrobras and Ecopetrol announce major gas finds in Colombia
7 Oct 20242 min read

Petrobras and Ecopetrol announce major gas finds in Colombia

Petrobras and Colombia's state-run oil and gas company, Ecopetrol, have reported two major gas discoveries in the country's offshore basins.

IndianOil and Nepal Oil Corporation sign agreement for petroleum projects in Nepal
7 Oct 20242 min read

IndianOil and Nepal Oil Corporation sign agreement for petroleum projects in Nepal

The MoU includes the extension of the Motihari – Amlekhgunj Petroleum Pipeline to Chitwan and the construction of new oil storage terminals and a transnational pipeline, says GlobalData.

Element announces strategic acquisition of ISS Inspection Services
4 Oct 20242 min read

Element announces strategic acquisition of ISS Inspection Services

Latest acquisition enables leading TIC services provider to further expand its capabilities in the fast-growing aerospace, space, defence, and energy industries.

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