What the Venezuela regime change means for oil production, crude and product markets
Venezuelan production recovery faces decade-long timeline despite near-term supply gains, Wood Mackenzie finds.
The latest upstream news
This spotlight session reviews and discusses Nanoprecise’s recent article for Oilfield Technology, entitled ‘Powering Oil and Gas Operations with AI’
How new seismic technology is unlocking Africa’s undeveloped basins
The combination of new 3D data acquisition, reprocessing of legacy surveys and faster permitting is offering clearer geological insight and reducing risk – giving governments and investors renewed confidence in frontier exploration.
Nexans sets world record and completes high-voltage subsea cable installation on the Tyrrhenian Link
Nexans has successfully completed the high-voltage subsea cable installation on the Tyrrhenian Link Project in Italy, confirming a world-record installation depth of 2150 m for a 500 kV high-voltage direct current (HVDC) subsea cable.
INEOS Energy announces new Norphlet oil discovery in the Gulf of Mexico
The Nashville exploration well was drilled more than five miles beneath the seabed and confirmed high-quality oil in one of the Gulf’s most promising deepwater formations.
Upcoming oil events
Subsea Expo 2026
04 Feb 2026 - 05 Feb 2026
P&J Live
The Event Complex Aberdeen (TECA),
E Burn Rd,
Aberdeen,
AB21 9FX,
United Kingdom
World Pipelines CCS Forum - London 2026
18 Mar 2026 - 18 Mar 2026
Park Plaza, London Riverbank
18 Albert Embankment,
Vauxhall,
City of London,
SE1 7TJ,
United Kingdom
A Q&A with Elemental Energies and Oilfield Technology: decommissioning oil and gas assets
Julie Copland, Head of Wells, Elemental Energies, and Iain Farrow, Elemental Archer JV Manager, answer questions regarding decommissioning oil and gas assets.
Eni announces a significant gas discovery in the Kutei Basin in Indonesia
Estimates indicate 600 billion ft3 of gas initially in place (GIIP) with a potential upside beyond 1 trillion ft3.
Congo’s upstream expansion signals new era for Central Africa’s energy future
With Congo LNG Phase 2 starting operations, Congo is gearing-up for accelerated upstream growth.
Shell grows interest in Atapu and Mero units offshore Brazil
Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, has secured additional equity in Brazil’s pre-salt oil projects following an auction led by Pré-Sal Petróleo.
Wood Mackenzie highlights four US Lower 48 themes to look for in 2026
US Lower 48 rig count to fall below 500 while gas assets drive M&A rebound in 2026.
Africa needs US$375 billion to develop natural gas sector, says Society of Petroleum Engineers (SPE)
With 17 high impact wells completed in 2025, Africa will need significant investment to support natural gas demand in the near-medium term.