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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/Exploration

Exploration News

Browse the latest exploration news and articles.

PETRONAS makes oil discovery in Suriname's offshore block 52
3 Nov 20232 min read

PETRONAS makes oil discovery in Suriname's offshore block 52

PETRONAS’ subsidiary, PETRONAS Suriname E&P B.V. (PETRONAS Suriname E&P), has made an oil discovery at the Roystonea-1 exploration well in Suriname’s Block 52.

NSTA: Wells report reveals significant growth opportunities to be grasped
16 Oct 20234 min read

NSTA: Wells report reveals significant growth opportunities to be grasped

A total of 48 development wells were drilled and 12 exploration and appraisal wells completed in 2022, according to the Wells Insight Report, published by the North Sea Transition Authority (NSTA) on 12 October.

Drilling at Mayaya Centro-X1 shows signs of a new oil basin
6 Oct 20232 min read

Drilling at Mayaya Centro-X1 shows signs of a new oil basin

The drilling of the Mayaya Centro-X1 IE well (stratigraphic investigation), located in the north of the department of La Paz, shows signs of a new oil basin in the northern sub-Andean region, says President of YPFB.

Rystad Energy: New natural gas production is needed to meet demand
4 Oct 20234 min read

Rystad Energy: New natural gas production is needed to meet demand

The company forecasts that even in scenarios of 1.9 – 2.5°C warming, with rapid growth in renewable energy sources, the current set of existing gas fields will not meet global demand, requiring rapid growth in unconventional gas supply.

Baker Hughes announces awards from Vår Energi
2 Oct 20232 min read

Baker Hughes announces awards from Vår Energi

The company has announced two awards from Vår Energi that expand its regional presence in the North Sea for exploration logging, well intervention technology and subsea production systems.

TGS announces 3D expansion of onshore survey in the Midland Basin
26 Sept 20231 min read

TGS announces 3D expansion of onshore survey in the Midland Basin

TGS has announced a northern extension to its previously announced Pontiac 3D Survey in the Midland Basin, Texas, US.

Equinor Energy concludes the drilling of exploration well 30/11-15 in the North Sea
22 Sept 20232 min read

Equinor Energy concludes the drilling of exploration well 30/11-15 in the North Sea

The well was drilled by the ‘Deepsea Stavanger’ drilling rig, about 25 km southwest of the Oseberg field in the North Sea and 150 km west of Bergen.

Aker BP awarded Exploration Innovation Prize for its ‘exploration robot’
21 Sept 20231 min read

Aker BP awarded Exploration Innovation Prize for its ‘exploration robot’

The machine learning models that have been developed can assist geologists and geophysicists in reconstructing missing well logs, making lithology predictions, calculating shale content, and mapping potential undiscovered reservoir areas.

Zion Oil & Gas has announced award of new Megiddo Valleys license
20 Sept 20231 min read

Zion Oil & Gas has announced award of new Megiddo Valleys license

Zion Oil and Gas has announced that the State of Israel has awarded Zion a new exploration license, named the Megiddo Valleys 434.

Repsol sells exploration and production assets in Canada
7 Sept 20233 min read

Repsol sells exploration and production assets in Canada

The company has agreed to sell its oil and gas assets in Canada to Peyto for US$468 million (approximately €433 million) as part of its ongoing portfolio management to focus activity on core regions.

Petrobras signs agreements with major Chinese companies
1 Sept 20233 min read

Petrobras signs agreements with major Chinese companies

The company has signed four memorandums of understanding (MOUs) with China Energy, SINOPEC, CNOOC and Citic Construction, China's main oil and energy groups.

New oil discovery in the Gulf of Suez
23 Aug 20232 min read

New oil discovery in the Gulf of Suez

Cheiron has announced a new oil discovery near the GNN oil field in the Gulf of Suez.

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