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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.

QatarEnergy increases participation in Suriname’s offshore exploration
22 Jul 20241 min read

QatarEnergy increases participation in Suriname’s offshore exploration

QatarEnergy has signed an agreement with Chevron to acquire a 20% working interest in a production sharing contract for block 5 offshore Suriname.

Parkmead announce formal award of UK licence P2634
22 Jul 20242 min read

Parkmead announce formal award of UK licence P2634

Parkmead has announced that further to the provisional award of three blocks as part of the 33rd UK offshore licensing round, the P2634 licence has now been formally awarded to Parkmead by the UK Government’s North Sea Transition Authority (NSTA).

TechnipFMC awarded Large iEPCI™ contract for Energean’s Katlan development
19 Jul 20241 min read

TechnipFMC awarded Large iEPCI™ contract for Energean’s Katlan development

TechnipFMC has been awarded a large integrated engineering, procurement, construction, and installation (iEPCI™) contract by Energean for its Katlan development in the Mediterranean Sea.

BW sign letter agreement to acquire shares in Reconnaissance Energy Africa
18 Jul 20243 min read

BW sign letter agreement to acquire shares in Reconnaissance Energy Africa

BW Energy has signed a letter agreement to acquire shares in Reconnaissance Energy Africa and 20% interest in onshore exploration license PEL 73 in Namibia.

TotalEnergies sells its interest in SPDC JV
18 Jul 20242 min read

TotalEnergies sells its interest in SPDC JV

TotalEnergies has announced that its subsidiary TotalEnergies EP Nigeria signed a sale and purchase agreement (SPA) with Chappal Energies for the sale of its 10% interest in the SPDC JV licenses in Nigeria.

Jerun field achieves first gas production to boost Malaysia's energy supply
11 Jul 20241 min read

Jerun field achieves first gas production to boost Malaysia's energy supply

PETRONAS has announced that the Jerun field in Block SK 408 located approximately 160 km off the coast of Sarawak, offshore Malaysia has recently achieved its first gas production.

State 36-2R well production test commenced
10 Jul 20242 min read

State 36-2R well production test commenced

Zephyr Energy has announced the commencement of the well production test on the State 36-2R LNW-CC well at the Company's flagship project in the Paradox Basin, Utah.

Shell awards Wood major engineering contract for floating offshore gas facility
9 Jul 20241 min read

Shell awards Wood major engineering contract for floating offshore gas facility

Wood has secured a six-year contract to provide brownfield engineering, procurement, and construction management (EPCm) solutions for Shell’s Prelude floating liquified natural gas (FLNG) facility in Western Australia.

The Prax Group signs an agreement to acquire TotalEnergies’ upstream assets
28 Jun 20242 min read

The Prax Group signs an agreement to acquire TotalEnergies’ upstream assets

The Prax Group has announced the signing of an agreement to acquire TotalEnergies’ interests in the Greater Laggan Area fields and the onshore Shetland Gas Plant, as well as its interests in several nearby exploration licenses.

Commercial oil and gas discovery in the Gjøa area in the North Sea
27 Jun 20242 min read

Commercial oil and gas discovery in the Gjøa area in the North Sea

The Vår Energi operated Cerisa exploration well in production license PL 636 was successful with estimated gross recoverable resources of between 18 – 39 million boe.

Pytheas Energy acquires interest in three oil-producing properties
26 Jun 20241 min read

Pytheas Energy acquires interest in three oil-producing properties

Pytheas Energy has announced the addition of three producing oil and gas properties to its growing portfolio, the Andrews Crane Asset, the Bakken Asset, and the Minerva-Rockdale Asset.

ONGC and Indian Oil forge strategic partnership to establish LNG plant near Hatta gas field
24 Jun 20241 min read

ONGC and Indian Oil forge strategic partnership to establish LNG plant near Hatta gas field

ONGC and Indian Oil Corporation has signed a memorandum of understanding (MoU) to establish a small-scale liquefied natural gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin.

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