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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.

Delineation of oil and gas discovery near the Gjøa field in the North Sea
13 May 20223 min read

Delineation of oil and gas discovery near the Gjøa field in the North Sea

Neptune Energy Norge AS, operator of production licence 153, has concluded the drilling of appraisal wells 35/9-16 S and 35/9-16 A on oil and gas discovery 35/9-3 (Hamlet).

ExxonMobil to sell Romanian affiliate for more than $1 billion
12 May 20222 min read

ExxonMobil to sell Romanian affiliate for more than $1 billion

The company has reached an agreement to sell its Romanian upstream affiliate, ExxonMobil Exploration and Production Romania, to Romgaz for more than $1 billion, subject to government approvals.

Petrobras on diesel hydrotreatment at refinery in Replan
12 May 20222 min read

Petrobras on diesel hydrotreatment at refinery in Replan

Replan is Brazil's largest refinery in terms of processing capacity, with a load of 434,000 bpd. In addition to diesel fuel, it produces gasoline, jet fuel, asphalts, LPG, and propene, among other oil products.

Odfjell Technology closes out work on drilling project with Black Sea Oil & Gas
11 May 20223 min read

Odfjell Technology closes out work on drilling project with Black Sea Oil & Gas

The company has delivered its entire product line offering during the life of the contract, which includes tubular running services (TRS), fishing and rental services, and will complete the project on schedule despite significant operational challenges resulting from the Covid-19 pandemic.

Petrobras extends CGG Geovation seismic imaging software agreement
11 May 20222 min read

Petrobras extends CGG Geovation seismic imaging software agreement

The new agreement will give Petrobras geoscientists access to advanced technology innovations, including full-waveform inversion (FWI), significantly enhancing their imaging capabilities.

Orcadian Report provides carbon emissions solution for North Sea
10 May 20223 min read

Orcadian Report provides carbon emissions solution for North Sea

The outcomes would enhance the UK’s energy security and would ensure that emissions from North Sea oil and gas production remain world leading.

DNV and IOGP to develop decarbonisation standards for upstream oil and gas sector
10 May 20223 min read

DNV and IOGP to develop decarbonisation standards for upstream oil and gas sector

DNV has been selected by the International Association of Oil & Gas Producers (IOGP) to support the decarbonisation initiatives of IOGP members – producers of 40% of the world’s oil and gas.

Neptune Energy to spend US$1 billion to support UK energy security
10 May 20224 min read

Neptune Energy to spend US$1 billion to support UK energy security

The company has announced it will spend more than US$1 billion over the next five years securing energy supplies for the UK and speeding the transition to net zero.

Longboat Energy executes a two-well farm-in agreement with OMV
9 May 20225 min read

Longboat Energy executes a two-well farm-in agreement with OMV

The licences contain two firm wells on the Oswig and Velocette prospects anticipated to drill in the summer 2022 and 2Q23 respectively. All the licences are operated by OMV which will retain a 40% working interest post-transaction.

Clontarf Energy acquires 10% of Sasanof Prospect, offshore western Australia
9 May 20223 min read

Clontarf Energy acquires 10% of Sasanof Prospect, offshore western Australia

The company plans to drill the main target horizon, the Sasanof-1 Well, in this prospect during May/June 2022.

Murphy Oil Corporation announces first quarter 2022 results
6 May 20223 min read

Murphy Oil Corporation announces first quarter 2022 results

Strong initial performance from new Gulf of Mexico production and onshore wells, balance sheet strengthening with debt reduction announcement, and increasing shareholder returns.

6 May 20222 min read

Oil States Industries introduces combined managed pressure drilling and riser system

The provider of manufactured products and services for the traditional and renewable energy sectors has announced its new Managed Pressure Drilling and Riser Gas Handling System.

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