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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.

Shell invests in Phase 2 of Surat gas project in Australia
12 Aug 20242 min read

Shell invests in Phase 2 of Surat gas project in Australia

Arrow Energy, an incorporated joint venture between Shell (50%) and PetroChina (50%), has announced plans to develop Phase 2 of Arrow Energy’s Surat gas project in Queensland, Australia.

Letter of intent for drilling rig executed for Canning Basin 2024 drilling campaign
8 Aug 20241 min read

Letter of intent for drilling rig executed for Canning Basin 2024 drilling campaign

Buru Energy has announced that it has executed a letter of intent with Silver City Drilling (SCD) for the provision of Rig 24 to conduct the planned two well drilling campaign in the onshore Canning Basin of Western Australia.

Chevron announces headquarters relocation and senior leadership changes
7 Aug 20243 min read

Chevron announces headquarters relocation and senior leadership changes

Chevron has announced the relocation of the company’s headquarters from San Ramon, California, to Houston, Texas, and senior leadership changes.

Kent secures 3  year global commissioning services contract with Shell
5 Aug 20242 min read

Kent secures 3 year global commissioning services contract with Shell

Kent has announced it has been awarded a global three-year enterprise framework agreement (EFA) by Shell to provide commissioning and start-up services (CSU) across various onshore and offshore projects.

Valeura Energy announce Wassana production restart
5 Aug 20242 min read

Valeura Energy announce Wassana production restart

Valeura Energy has announced the planned restart of production operations at the Wassana field, offshore Gulf of Thailand.

SLB and Aker Carbon Capture joint venture awarded FEED contract by CO280 for large-scale carbon removal project
2 Aug 20242 min read

SLB and Aker Carbon Capture joint venture awarded FEED contract by CO280 for large-scale carbon removal project

The SLB and Aker Carbon Capture joint venture (SLB-ACC JV) has announced a contract award by its partner CO280 Solutions for front end engineering and design (FEED) of a large-scale carbon capture plant at a pulp and paper mill on the U.S. Gulf Coast.

Salunda ‘Red Zone’ safety technology adopted by BP for North Sea assets
1 Aug 20242 min read

Salunda ‘Red Zone’ safety technology adopted by BP for North Sea assets

Salunda has secured an agreement to provide BP with its Crew Hawk Red Zone monitoring solution for use across the operator’s North Sea assets.

Viaro Energy signs agreement to take over Shell and ExxonMobil’s UK Southern North Sea assets
1 Aug 20243 min read

Viaro Energy signs agreement to take over Shell and ExxonMobil’s UK Southern North Sea assets

The company's subsidiary RockRose Energy Limited has signed an agreement with Shell UK Limited and Esso Exploration and Production UK Limited to acquire a full ownership interest in its Shell-operated UK Southern North Sea assets.

Subsea Integration Alliance awarded EPCI contract offshore UK
30 Jul 20242 min read

Subsea Integration Alliance awarded EPCI contract offshore UK

Subsea7 has announced the award of a sizeable contract by bp to Subsea Integration Alliance, for the Murlach development (formerly Skua field), 240 km east of Aberdeen in the UK North Sea.

Strohm wins TCP Flowline contract with TotalEnergies EP Brasil
30 Jul 20243 min read

Strohm wins TCP Flowline contract with TotalEnergies EP Brasil

Deal marks largest commercial award for pipe supply in company’s 16-year history and a first project in the Brazilian pre-salt.

NOG announces second joint acquisition with Vital Energy in the Delaware Basin
29 Jul 20242 min read

NOG announces second joint acquisition with Vital Energy in the Delaware Basin

Northern Oil and Gas has announced that it has entered into a definitive agreement to acquire a 20% undivided stake in the Point Assets in the Delaware Basin, in partnership with Vital Energy, Inc., for a purchase price net to NOG of US$220 million in cash, subject to typical closing adjustments.

Borr Drilling announce contracting update
29 Jul 20242 min read

Borr Drilling announce contracting update

Borr Drilling has announced new contract commitments for three of its premium jack-up rigs, the ‘Arabia I’, the ‘Gunnlod’ and the ‘Norve’.

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