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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/Oil & gas news

Oil & gas news

Browse the latest oil & gas news news and articles.

SBM Offshore completes project financing of FPSO Almirante Tamandaré
3 Apr 20231 min read

SBM Offshore completes project financing of FPSO Almirante Tamandaré

The project financing is provided by a consortium of 13 international banks with insurance cover from 4 international Export Credit Agencies (ECA).

Significant UK gas reserves used through flaring and venting
31 Mar 20232 min read

Significant UK gas reserves used through flaring and venting

The UK has lost about 13 billion cubic metres (bcm) of indigenous gas reserves through flaring and venting over the past 10 years, exposing oil and gas operators to £2.6 billion in lost gas sales and £1 billion in Emissions Trading System (ETS) payments.

Transocean Ltd. announces harsh environment contract award
30 Mar 20231 min read

Transocean Ltd. announces harsh environment contract award

The company has announced contract fixtures for two of its harsh environment semisubmersibles. Together, the fixtures represent approximately US$113 million in firm contract backlog.

Petrobras accelerates digital transformation using Halliburton technology
30 Mar 20231 min read

Petrobras accelerates digital transformation using Halliburton technology

Halliburton has announced that Petrobras will use the Landmark iEnergy® digital platform to address its subsurface challenges.

Wood Mackenzie: US Gulf of Mexico Lease Sale 259 shows optimism for the region
30 Mar 20232 min read

Wood Mackenzie: US Gulf of Mexico Lease Sale 259 shows optimism for the region

The US Gulf of Mexico region-wide Lease Sale 259 attracted 353 bids from 32 companies, with high bids totalling US$264 million.

Rystad Energy: M&A boom in South East Asia to see US$5 billion of upstream assets for sale
28 Mar 20234 min read

Rystad Energy: M&A boom in South East Asia to see US$5 billion of upstream assets for sale

Southeast Asia will be a hotbed for upstream mergers and acquisitions (M&A) in the next two years, with more than US$5 billion of assets up for grabs, Rystad Energy research shows.

Trendsetter Engineering announces the award of a contract for the provision of subsea hardware by LLOG Exploration Offshore
28 Mar 20231 min read

Trendsetter Engineering announces the award of a contract for the provision of subsea hardware by LLOG Exploration Offshore

The company’s scope of work includes the design and manufacture of the subsea production manifold featuring TCS subsea connectors along with valves sourced from Advanced Technology Valve S.p.A. (ATV) in Colico, Italy.

Neptune Energy to spend significant sum on decommissioning in Germany
28 Mar 20231 min read

Neptune Energy to spend significant sum on decommissioning in Germany

The company has announced that it will spend US$23 million on a targeted decommissioning programme in Germany this year, plugging and abandoning wells which have ceased production and removing associated infrastructure.

RSK signals Nordic expansion with Danish geotechnical acquisition
24 Mar 20232 min read

RSK signals Nordic expansion with Danish geotechnical acquisition

4AP-Geoteknik is joining the group as part of RSK’s expansion into the Nordic region.

HESS selects Halliburton to implement digital wells
23 Mar 20231 min read

HESS selects Halliburton to implement digital wells

Hess Corporation has selected Halliburton’s well construction suite to plan, design, and construct safe, cost effective, and productive wells.

PGS awarded contract
23 Mar 20231 min read

PGS awarded contract

PGS has been awarded a 3D exploration acquisition contract by a major international energy company.

GD Energy Products improves capacity of remanufacturing programme
22 Mar 20231 min read

GD Energy Products improves capacity of remanufacturing programme

The company has heavily invested in upgrading equipment and processes to improve capacity of its plunger remanufacturing service.

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