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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.

Halliburton reports 3Q21 profit
19 Oct 20211 min read

Halliburton reports 3Q21 profit

Halliburton posted net income attributable to the company of US$236 million, or 26 cents per share, in the 3 months ended 30 September, compared with a loss of US$17 million, or 2 cents per share, last year.

Clariant opens oilfield services centre in South Texas
18 Oct 20212 min read

Clariant opens oilfield services centre in South Texas

The new technology, operations and commercial Black Hills site has more than 5000 ft2 of office and networking space, a 3500 ft2 laboratory and an 80 000 ft2 production area.

SDX Energy spuds well in West Gharib concession
18 Oct 20212 min read

SDX Energy spuds well in West Gharib concession

SDX Energy has started a development drilling campaign in the West Gharib concession in Egypt that aims to grow production from c. 2400 bpd to c. 3500 - 4000 bpd by early 2023.

Aker BP receives drilling permit near Bøyla field
18 Oct 20211 min read

Aker BP receives drilling permit near Bøyla field

The drilling programme for well 24/12-7 relates to the drilling of a wildcat well in production licence 1041.

Shearwater contracted for 3D seismic exploration project in South Africa
18 Oct 20211 min read

Shearwater contracted for 3D seismic exploration project in South Africa

The survey will acquire over 6000 km2 of 3D seismic data and be acquired by the Amazon Warrior.

Schlumberger, Subsea 7 awarded Sakarya contract
15 Oct 20212 min read

Schlumberger, Subsea 7 awarded Sakarya contract

The contract is for the engineering, procurement, construction and installation (EPCI) of end-to-end production solutions for the Sakarya gas field, Turkey’s largest gas reserve.

World’s first fully automated land rig drills first well
15 Oct 20212 min read

World’s first fully automated land rig drills first well

The Nabors Industries rig reached total depth on a horizontal well for ExxonMobil in the Permian Basin.

TechnipFMC completes Magma Global acquisition
15 Oct 20212 min read

TechnipFMC completes Magma Global acquisition

TechnipFMC originally acquired an interest in Magma, a provider of composite pipe technology, in 2018.

Maersk Drilling given contract extension to drill world record well offshore Angola
15 Oct 20212 min read

Maersk Drilling given contract extension to drill world record well offshore Angola

The Ondjaba-1 well will be drilled at a new world record water depth of 3628 m.

Staatsolie and Chevron sign offshore production sharing contract
14 Oct 20212 min read

Staatsolie and Chevron sign offshore production sharing contract

The exploration period for Block 5, as set out in the PSC, will last 6 years, with Staatsolie retaining the right to a 40% participation.

Shearwater starts Angola 4D survey for TotalEnergies
14 Oct 20211 min read

Shearwater starts Angola 4D survey for TotalEnergies

The survey comprises a 2-month 4D monitor survey in the Louro-Mostarda Development areas of Block 32.

Occidental sells Ghana assets to Kosmos Energy and Ghana National Petroleum Corp.
14 Oct 20211 min read

Occidental sells Ghana assets to Kosmos Energy and Ghana National Petroleum Corp.

The transaction includes Occidental’s interests in both the Jubilee and TEN fields, which combined had 2Q21 net production of 22 000 boe/d.

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