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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.

SNC-Lavalin-Dragados-Pennecon General Partnership to work with Husky Energy on Canadian offshore project
9 Aug 20172 min read

SNC-Lavalin-Dragados-Pennecon General Partnership to work with Husky Energy on Canadian offshore project

The General Partnership (GP) has been awarded a construction contract from Husky Energy as part of the company’s West White Rose Project in Newfoundland and Labrador.

Parkmead completes important UK gas area acquisition
9 Aug 20172 min read

Parkmead completes important UK gas area acquisition

Parkmead, the UK and Netherlands focused independent oil and gas group, has announced that it has completed the previously announced acquisition of a 50% interest in the UK North Sea Licence P.2209. from Verus Petroleum (SNS) Limited.

Genel Energy: Receipt of payment for KRI oil exports from Taq Taq field
9 Aug 20171 min read

Genel Energy: Receipt of payment for KRI oil exports from Taq Taq field

The Taq Taq field partners have received a gross payment of US$12.24 million from the Kurdistan Regional Government for oil sales during May 2017.

ION expands 2D data library with new acquisition offshore Panama
9 Aug 20172 min read

ION expands 2D data library with new acquisition offshore Panama

This is the first seismic survey acquired there in approximately 30 years. PanamaSPAN™ is designed to provide the framework to evaluate the hydrocarbon potential of this unexplored area ahead of the anticipated inaugural license round.

BHGE signs agreement with Twinza to provide fullstream support for project in Gulf of Papua
9 Aug 20173 min read

BHGE signs agreement with Twinza to provide fullstream support for project in Gulf of Papua

Baker Hughes, a GE company has announced one of the first agreements of its kind with Twinza Oil Limited to provide fullstream support on the Pasca A gas condensate field, which is located off Papua New Guinea in the Gulf of Papua.

ENGIE E&P announces first gas from Cygnus Bravo in the Southern North Sea
8 Aug 20172 min read

ENGIE E&P announces first gas from Cygnus Bravo in the Southern North Sea

First gas has been exported from Cygnus Bravo, the satellite wellhead platform in the Southern North Sea’s Cygnus development, operated by ENGIE E&P UK Limited.

Cosasco collects US$3 million corrosion contracts with Middle East operator
8 Aug 20171 min read

Cosasco collects US$3 million corrosion contracts with Middle East operator

The company will install 80 of its intrusive MICROCOR ER probes, 48 corrosion coupon assemblies and 18 chemical injection points at two offshore fields. The company is also providing consultancy, manufacturing, in-field support and a long-term warranty.

New decommissioning company targets £200 million investment to exploit market opportunity
8 Aug 20175 min read

New decommissioning company targets £200 million investment to exploit market opportunity

Well-Safe Solutions will provide a ground-breaking approach to the safe and cost-efficient decommissioning of subsea wells.

Statoil: second small gas discovery in the Barents
8 Aug 20172 min read

Statoil: second small gas discovery in the Barents

Statoil and partners OMV and Petoro have made a small gas discovery in the Gemini North well, northeast of the Wisting discovery in the Barents Sea. The well also proved oil.

CGG Launches Gippsland ReGeneration reprocessing project in SE Australia
8 Aug 20171 min read

CGG Launches Gippsland ReGeneration reprocessing project in SE Australia

The project will offer the industry the highest-resolution 3D seismic data available in this extremely prospective area.

PETRONAS awarded another block in Mexico
3 Aug 20172 min read

PETRONAS awarded another block in Mexico

PETRONAS’ subsidiary PC Carigali Mexico Operations, S.A. de C.V., has been awarded shallow water Block 6 in the Gulf of Mexico’s Salina Basin.

Inmarsat: Skills gap could act as a brake on IoT innovation in the energy sector
3 Aug 20173 min read

Inmarsat: Skills gap could act as a brake on IoT innovation in the energy sector

New research finds that over a third of energy companies lack the skills they need at both a management and a delivery level to successfully deploy IoT technology

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