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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/Upstream drilling news

Upstream drilling news

Browse the latest upstream drilling news news and articles.

Commercial oil and gas discovery in the Gjøa area in the North Sea
27 Jun 20242 min read

Commercial oil and gas discovery in the Gjøa area in the North Sea

The Vår Energi operated Cerisa exploration well in production license PL 636 was successful with estimated gross recoverable resources of between 18 – 39 million boe.

Pytheas Energy acquires interest in three oil-producing properties
26 Jun 20241 min read

Pytheas Energy acquires interest in three oil-producing properties

Pytheas Energy has announced the addition of three producing oil and gas properties to its growing portfolio, the Andrews Crane Asset, the Bakken Asset, and the Minerva-Rockdale Asset.

Ocean Installer awarded SURF contract for Troll
26 Jun 20242 min read

Ocean Installer awarded SURF contract for Troll

Ocean Installer have been chosen by Equinor and its partners in the Troll A license as the SURF Contractor for their new 12 billion NOK investment in the Troll Phase 3 – Stage 2 Project.

Vallourec extends its contract with the National Oil Company of Abu Dhabi and wins a new order
21 Jun 20242 min read

Vallourec extends its contract with the National Oil Company of Abu Dhabi and wins a new order

Vallourec has signed with the National Oil Company of Abu Dhabi a two-year extension to the 2019 contract originally worth US$ 900 million. This extension will take effect in January 2025 and will last up to January 2027.

Technip Energies and KPSP sign a long-term services agreement with KPO
19 Jun 20242 min read

Technip Energies and KPSP sign a long-term services agreement with KPO

Technip Energies, through its joint-venture TKJV LLP with KPSP, has announced the signing of a long-term services frame agreement with Karachaganak Petroleum Operating B.V. (KPO) for the development of the Karachaganak Field, located in northwest Kazakhstan near Aksai.

Matador Resources Company announces strategic bolt-on Delaware Basin acquisition
13 Jun 20242 min read

Matador Resources Company announces strategic bolt-on Delaware Basin acquisition

Matador Resources has announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler Counties, Texas.

FEED contract award for the Zama project offshore Mexico
11 Jun 20242 min read

FEED contract award for the Zama project offshore Mexico

The Zama Unit partners Wintershall Dea, Pemex (operator), Talos Energy and Harbour Energy have awarded the front-end engineering and design contract (FEED) for the development of the Zama oil field to the French engineering company DORIS.

Baker Hughes awarded major integrated solutions contract for Petrobras’ offshore fields
11 Jun 20241 min read

Baker Hughes awarded major integrated solutions contract for Petrobras’ offshore fields

Baker Hughes has announced a significant order from Petrobras for workover and plug and abandonment (P&A) services in pre-salt and post-salt fields offshore Brazil.

Shelf Drilling announces contract award for the Shelf Drilling Tenacious
10 Jun 20241 min read

Shelf Drilling announces contract award for the Shelf Drilling Tenacious

Shelf Drilling has announced that it has secured a 15-month award for the Shelf Drilling Tenacious jack-up rig for drilling operations offshore West Africa.

Zephyr Drilling completes onshore drilling operations
7 Jun 20242 min read

Zephyr Drilling completes onshore drilling operations

Zephyr Energy has provided an update on drilling operations on the State 36-2R LNW-CC well at the Company's flagship project in the Paradox Basin, Utah, U.S.

Transocean has announced contract fixtures for three of its harsh environment semisubmersible
5 Jun 20241 min read

Transocean has announced contract fixtures for three of its harsh environment semisubmersible

Transocean has announced US$161 Million in contract extensions and exercised options for harsh environment semisubmersibles with Woodside Energy, Wintershell DEA and Equinor.

Appraisal confirms material Hibiscus field reserve increase
3 Jun 20241 min read

Appraisal confirms material Hibiscus field reserve increase

BW Energy has concluded the drilling and the logging of the DHIBM-7P pilot well, confirming a substantial oil discovery with good reservoir quality and a material uplift to the Hibiscus area.

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