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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.

AccuWeather: Hurricane Francine causes US$9 billion damage and economic loss
16 Sept 20245 min read

AccuWeather: Hurricane Francine causes US$9 billion damage and economic loss

AccuWeather’s?preliminary estimate?of the total?damage?and economic loss from Hurricane Francine in the USA is US$9 billion.

Viper Energy to acquire mineral and royalty interests in Permian Basin
16 Sept 20242 min read

Viper Energy to acquire mineral and royalty interests in Permian Basin

The transaction comprises US$461 million in cash and around 10.1 million OpCo units, with the equity portion valued at roughly US$456 million.

ARA Petroleum presented with Ntorya Gas development licence at Tanzania ceremony
16 Sept 20244 min read

ARA Petroleum presented with Ntorya Gas development licence at Tanzania ceremony

ARA Petroleum is pleased to announce it was presented with the 25 year Development Licence over the Ntorya Gas discovery at a handover ceremony in Tanzania.

Baker Hughes unveils new digital platform for CCUS risk management
16 Sept 20242 min read

Baker Hughes unveils new digital platform for CCUS risk management

The new digital platform offers an integrated dashboard to connect the entire CCUS life cycle, aiding in risk management and decision-making.

SCF acquires Newpark Fluids Systems
16 Sept 20242 min read

SCF acquires Newpark Fluids Systems

SCF Partners, Inc. acquires Newpark Fluids Systems business from Newpark Resources Inc.

Vallourec enhances its line pipe coating solutions  with the acquisition of Thermotite do Brasil
16 Sept 20241 min read

Vallourec enhances its line pipe coating solutions with the acquisition of Thermotite do Brasil

Vallourec enters into a definitive agreement to acquire from Mattr 100% of the shares of its subsidiary Thermotite do Brasil Ltda.

Orlen discovers 'big’ oilfield in western Poland
13 Sept 20241 min read

Orlen discovers 'big’ oilfield in western Poland

The oilfield was discovered in the Lubuskie region next to the existing Rzeczyca field which holds 100 000 metric t of oil, says Reuters.

Diamondback Energy closes merger with Endeavor Energy Resources
13 Sept 20242 min read

Diamondback Energy closes merger with Endeavor Energy Resources

Diamondback Energy has completed the merger with Endeavor Energy Resources, creating a leading operator focused on the Permian Basin.

EIA expects flat oil and natural gas production from the Gulf of Mexico
13 Sept 20246 min read

EIA expects flat oil and natural gas production from the Gulf of Mexico

In its Short-Term Energy Outlook EIA implemented a new model for forecasting crude oil and natural gas production from the US Federal Offshore Gulf of Mexico.

Li Xing at Exness offers a comment on oil prices
12 Sept 20241 min read

Li Xing at Exness offers a comment on oil prices

Li Xing Gan Financial Markets Strategist at Exness says oil prices have paused their decline due to concerns over Hurricane Francine.

OPEC cuts oil demand growth projections
12 Sept 20241 min read

OPEC cuts oil demand growth projections

The body’s monthly report indicates a 2025 growth at 1.7 million bpd, slightly below this year’s figure.

CNOOC announces major exploration success in Pearl River Mouth Basin
12 Sept 20242 min read

CNOOC announces major exploration success in Pearl River Mouth Basin

Testing of the well yielded an absolute open flow natural gas production rate of 430 000 m³/d.

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