Lufkin enables mature wells to be optimised for greater production with SROD V9.5.0
Technology enables engineers to seamlessly import well design files from various platforms to optimise design, further advancing the leading rod design platform.
The latest upstream news
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This spotlight session reviews and discusses Nanoprecise’s recent article for Oilfield Technology, entitled ‘Powering Oil and Gas Operations with AI’
ASCO secures Australian contracts worth more than AUS$30 million
ASCO, a leading logistics, materials and operations management specialist, has recently secured four significant contracts across Australia, totalling AUS$33.2 million.
Trump cites Defense Production Act to sign energy-related memorandums
Reuters reports that Trump signed memorandums on coal supply chains, domestic petroleum production, natural gas transmission and liquefied natural gas capacity.
IEEFA: Europe’s electricity prices are still tied to gas, making geopolitics a structural vulnerability
The 2026 Iran war and the disruption to LNG flows through the Strait of Hormuz have increased global gas price volatility, which has fed directly into European power markets.
Upcoming oil events
Offshore Technology Conference (OTC) 2026
04 May 2026 - 07 May 2026
NRG Park
One Reliant Parkway,
Houston,
Texas,
77054,
United States
10th annual International Energy Summit (IES)
02 Jun 2026 - 04 Jun 2026
Royal Sonesta Hotel
300 Bourbon St,
New Orleans,
LA,
70130,
United States
European Gas hits seven-week low on Trump announcement
European gas prices fell to near seven-week lows on the afternoon of Friday 17th April 2026, on news the Strait of Hormuz would be fully open to commercial shipping, but traders and analysts remained cautious, according to Montel.
Wood Mackenzie: six-country international shale priority list for energy security as Middle East conflict drives supply diversification
Middle East conflict has elevated strategic energy security priorities as countries seek supply diversification, international shale exploration can play a key role in meeting those goals, according to new research from Wood Mackenzie, titled “A hydrocarbon copy: the upstream industry’s return to international shale exploration”.
DNV and Equinor introduce the Event Learning Taxonomy CLUE to improve incident understanding for industry
DNV, the independent energy expert and assurance provider, in collaboration with the international energy company Equinor, has introduced a new incident taxonomy that helps organisations improve how they classify, understand, and learn from incidents.
Sulzer becomes first international service provider in Libya through joint venture with JSIL
Partnership with NOC subsidiary brings in-country maintenance and repair for critical oil and gas and power assets.
bp acquires interest in three Namibian exploration blocks
bp has agreed to acquire a 60% interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil & Gas as part of bp’s strategy to grow its upstream portfolio.
Glamox wins contract to light four OESVs for Sea1 Offshore
Glamox will supply lighting for four Offshore Energy Support Vessels (OESVs) being built for Sea1 Offshore AS.