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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.

AG Consultancy launches energy safety software for oil and gas sector
15 May 20242 min read

AG Consultancy launches energy safety software for oil and gas sector

The company has launched a tool designed to overcome challenges posed by the implementation of global health and safety standards and Ex/ATEX inspections.

AGR enlisted for offshore CO2 storage support
15 May 20242 min read

AGR enlisted for offshore CO2 storage support

Altera Infrastructure has appointed AGR to conduct an independent third-party storage evaluation of the Havstjerne CO2 storage license offshore Norway.

Odfjell Technology secures 3-year contract for tubular running services with COSL Drilling Europe AS
15 May 20241 min read

Odfjell Technology secures 3-year contract for tubular running services with COSL Drilling Europe AS

Odfjell Technology has secured an important contract with COSL Drilling Europe AS. The fixed part of the contract, valued at approximately 160 million NOK, encompasses Tubular Running Services has a duration of three years, with the option for two additional one-year periods.

PETRONAS signs production sharing contract for the bobara working area, Eastern Indonesia
15 May 20242 min read

PETRONAS signs production sharing contract for the bobara working area, Eastern Indonesia

PETRONAS E&P Bobara Sdn. Bhd has signed a production sharing contract (PSC) for the Bobara working area located at the offshore of West Papua, Eastern Indonesia.

Wood Mackenzie: New gas and condensate discovery at the South Andaman adds further volumes to the area
14 May 20242 min read

Wood Mackenzie: New gas and condensate discovery at the South Andaman adds further volumes to the area

The recent Tangkulo-1 gas and condensate discovery has placed Mubadala Energy and the South Andaman block at the centre of a promising North Sumatra deepwater play, according to Wood Mackenzie.

Equinor and Petoro agree to harmonise equity interests
14 May 20242 min read

Equinor and Petoro agree to harmonise equity interests

Equinor will increase its ownership in the Heidrun field and Noatun discovery and reduce its ownership in the Tyrihans field and the Castberg field, as well as the Carmen and Beta discoveries.

CGG launches reimaging projects in Côte d'Ivoire
14 May 20241 min read

CGG launches reimaging projects in Côte d'Ivoire

Both projects are supported by the industry, with Phase I commencing immediately and Phase II planned for H1 2025.

Patterson-UTI signs term sheet to partner with ADNOC Drilling in the UAE
14 May 20242 min read

Patterson-UTI signs term sheet to partner with ADNOC Drilling in the UAE

Patterson-UTI energy has announced that its subsidiary, Patterson-UTI International Holdings, Inc., has signed a non-binding term sheet with ADNOC Drilling.

Subsea Integration Alliance awarded contract offshore Türkiye
13 May 20242 min read

Subsea Integration Alliance awarded contract offshore Türkiye

The company has announced the award of a large contract by Turkish Petroleum Offshore Technology Center AS (TP-OTC) relating to the Sakarya field development in the Black Sea, offshore Türkiye.

NSTA: North Sea operators are proposing a wealth of emissions reduction schemes
13 May 20244 min read

NSTA: North Sea operators are proposing a wealth of emissions reduction schemes

North Sea oil and gas operators could invest up to £3 billion in 14 major projects capable of cutting up to 32 million t of lifetime CO2e emissions from their production activities, according to the NSTA.

Honeywell And Weatherford partner to deliver a new emissions management solution for the oil and gas industry
13 May 20242 min read

Honeywell And Weatherford partner to deliver a new emissions management solution for the oil and gas industry

Honeywell and Weatherford has announced a partnership to deliver a comprehensive emissions management solution for the energy industry.

BW Energy: Hibiscus South pilot well confirms hydrocarbons
10 May 20241 min read

BW Energy: Hibiscus South pilot well confirms hydrocarbons

The Hibiscus South deposit has been confirmed to extend into the northern part of the field with good reservoir quality, increasing reserve estimates.

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