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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 news

Upstream news

Browse the latest upstream news news and articles.

Apply awarded framework contract for engineering and installation services on Statfjord
6 Jul 20202 min read

Apply awarded framework contract for engineering and installation services on Statfjord

Equinor has, on behalf of the licence partners, awarded Apply a framework agreement for engineering and installation services on the North Sea Statfjord field.

GlobalData: Weatherford’s underperformance and financial stress leaves company highly exposed to 2020 turmoil
6 Jul 20202 min read

GlobalData: Weatherford’s underperformance and financial stress leaves company highly exposed to 2020 turmoil

After seeing a recovery in service costs and an increase in activity over the last few years, the 2020 market volatility will again challenge the short-term demand for many oil field service products and solutions.

ABB teams up with Yinson on offshore oil and gas project in Brazil
6 Jul 20202 min read

ABB teams up with Yinson on offshore oil and gas project in Brazil

ABB to deliver complete electrical, control and telecommunication solutions to drive efficiency and productivity for a new floating production, storage and offloading (FPSO) vessel.

Petrobras awards Saipem contract for Búzios pre-salt subsea work
6 Jul 20202 min read

Petrobras awards Saipem contract for Búzios pre-salt subsea work

Saipem is to install a rigid riser-based subsea system to serve the Búzios pre-salt project offshore Brazil.

The latest issue of Oilfield Technology is now online
6 Jul 20201 min read

The latest issue of Oilfield Technology is now online

The latest issue of Oilfield Technology begins with a review of the Asia upstream sector.

Rystad Energy: second Covid-19 wave could see oil demand in 2020 lose further 2.5 million bpd
6 Jul 20204 min read

Rystad Energy: second Covid-19 wave could see oil demand in 2020 lose further 2.5 million bpd

After modelling the effect of a wider ‘second wave’ scenario, Rystad Energy has found that global oil demand in 2020 could be knocked down to 86.5 million bpd, compared to its current base-case estimate of 89 million bpd.

Sasol relinquishes Mozambique offshore gas licence
6 Jul 20201 min read

Sasol relinquishes Mozambique offshore gas licence

Sasol was awarded Block 16/19 in 2005.

PGS begins seismic survey in Barents Sea
6 Jul 20201 min read

PGS begins seismic survey in Barents Sea

The survey extends Hammerfest Basin coverage further west and north into the southern Loppa High, with first data available in 4Q20.

Atlas Petroleum resumes development of Niger Delta prospect
6 Jul 20201 min read

Atlas Petroleum resumes development of Niger Delta prospect

The company has resumed work over activities and well interventions on OML 109 in Nigeria in order to enhance production from the Ejulebe marginal field.

Spirit Energy drills dry well in Barents Sea
6 Jul 20202 min read

Spirit Energy drills dry well in Barents Sea

Wildcat well 7321/8-2 S was drilled about 110 km north of the Johan Castberg field and about 310 km north of Hammerfest.

ExxonMobil to report loss in 2Q20
3 Jul 20201 min read

ExxonMobil to report loss in 2Q20

ExxonMobil faces a loss for the quarter of US$2.3 billion.

Neptune Energy discovers hydrocarbons at Dugong well
3 Jul 20201 min read

Neptune Energy discovers hydrocarbons at Dugong well

Logs and cuttings have identified hydrocarbons and a decision has been made to initiate coring.

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