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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 project news

Upstream project news

Browse the latest upstream project news news and articles.

Velesto secures PTTEP drilling contract for NAGA 5 in 2025-26 campaign
1 Jul 20251 min read

Velesto secures PTTEP drilling contract for NAGA 5 in 2025-26 campaign

Under the contract, Velesto will assign NAGA 5, one of its premium jack-up rigs, to drill a firm 15 wells with operations scheduled to commence in June 2025.

Halliburton and PETRONAS to deploy next generation subsurface modelling and reservoir management solutions
24 Jun 20252 min read

Halliburton and PETRONAS to deploy next generation subsurface modelling and reservoir management solutions

As part of the collaboration, PETRONAS Carigali Sdn. Bhd. will deploy Halliburton Landmark’s DecisionSpace® 365 Geosciences Suite and Unified Ensemble Modelling solutions with the objective to unify exploration and development workflows and accelerate time to first oil.

Percepto launches AI emission detector for remote, drone-based methane surveying
16 Jun 20252 min read

Percepto launches AI emission detector for remote, drone-based methane surveying

The system detects emissions down to the component level, with field-validated performance down to 100 g/hr at 90% confidence.

MOL Group and SOCAR set key terms for onshore exploration in Azerbaijan
5 Jun 20253 min read

MOL Group and SOCAR set key terms for onshore exploration in Azerbaijan

MOL Group and SOCAR have agreed on key terms for an onshore exploration opportunity in Azerbaijan.

Brazil: First oil of Mero-4
27 May 20252 min read

Brazil: First oil of Mero-4

TotalEnergies announces first oil from the fourth development phase of the Mero field on the Libra block.

SLB OneSubsea and Subsea7 awarded EPCI contract for bp's Ginger Project
6 May 20252 min read

SLB OneSubsea and Subsea7 awarded EPCI contract for bp's Ginger Project

SLB has announced the award by bp of a substantial EPCI contract for the Ginger project offshore Trinidad and Tobago.

Technip Energies awarded offshore compression project in Qatar
29 Apr 20251 min read

Technip Energies awarded offshore compression project in Qatar

Technip Energies awarded a significant engineering contract for the North Field Production Sustainability Offshore Compression Project in Qatar.

Decom Engineering outlines contract wins in Americas, Africa and Australia
28 Apr 20253 min read

Decom Engineering outlines contract wins in Americas, Africa and Australia

Contract wins in Americas, Africa and Australia boost growth at subsea cutting specialist Decom Engineering.

BW Energy announces substantial oil discovery at Bourdon field offshore Gabon
25 Apr 20252 min read

BW Energy announces substantial oil discovery at Bourdon field offshore Gabon

Management estimates indicate 56 million barrels oil in place of which approximately 25 million barrels are considered recoverable.

Zenith Energy successfully delivers well in Polish waters for client Central European Petroleum
14 Apr 20252 min read

Zenith Energy successfully delivers well in Polish waters for client Central European Petroleum

Zenith reports the successful delivery of the Wolin East 1 (WE 1) well for client Central European Petroleum (CEP) offshore Poland.

Powering oil and gas operations with AI
31 Mar 20255 min read

Powering oil and gas operations with AI

Christian Keon and Indu Moola, Nanoprecise Sci Corp., Canada, describe fuelling energy operations with AI-driven maintenance.

Equinor brings Johan Castberg oilfield onstream
31 Mar 20253 min read

Equinor brings Johan Castberg oilfield onstream

Equinor has announced the Johan Castberg oilfield in the Barents Sea has come onstream. The field will be producing for 30 years.

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