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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.

Chevron is leaning into Argentina’s shale growth opportunities
20 Aug 20252 min read

Chevron is leaning into Argentina’s shale growth opportunities

Chevron expects Vaca Muerta to play a larger role in its portfolio in the coming years.

Valmet signs broad Brazil valve deal with Petrobras
11 Aug 20252 min read

Valmet signs broad Brazil valve deal with Petrobras

Valmet signs a strategic agreement to deliver valve services to Petrobras in Brazil.

bp announces largest discovery in 25 years
7 Aug 20252 min read

bp announces largest discovery in 25 years

bp announces an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil.

TotalEnergies divests its interest in two Vaca Muerta blocks
6 Aug 20252 min read

TotalEnergies divests its interest in two Vaca Muerta blocks

Argentina: TotalEnergies divests its interest in two Vaca Muerta unconventional blocks.

Oceaneering upgrades Ocean Intervention II vessel for simultaneous autonomous survey missions
30 Jul 20252 min read

Oceaneering upgrades Ocean Intervention II vessel for simultaneous autonomous survey missions

In early 2025, the vessel underwent significant upgrades to expand its capabilities and improve performance for modern survey demands.

Central European Petroleum makes major Wolin East oil discovery offshore Poland
22 Jul 20253 min read

Central European Petroleum makes major Wolin East oil discovery offshore Poland

Estimated oil and gas resources in Wolin East constitute the largest conventional hydrocarbon field yet discovered in Poland, and one of the largest conventional oil discoveries in Europe in the past decade.

Oil discovery in the Johan Castberg area in the Barents Sea
30 Jun 20252 min read

Oil discovery in the Johan Castberg area in the Barents Sea

Equinor has struck oil in exploration well 7720/7-DD-1H, Drivis Tubåen, on the Johan Castberg field in the Barents Sea.

Equinor announces Brazil exploration block award
18 Jun 20252 min read

Equinor announces Brazil exploration block award

Equinor has deepened its position in the Santos basin after winning the S-M-1617 block during Brazil's 5th Open Permanent Concession bid round.

TotalEnergies enters 40 Chevron-operated exploration blocks
16 Jun 20252 min read

TotalEnergies enters 40 Chevron-operated exploration blocks

The 40 federal leases include 13 blocks located in the Walker Ridge area, 9 blocks in the Mississippi Canyon area and 18 blocks in the East Breaks area.

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.

US Department of the Interior releases assessment of undiscovered oil and gas resources in southwestern Wyoming
23 May 20253 min read

US Department of the Interior releases assessment of undiscovered oil and gas resources in southwestern Wyoming

The US Department of the Interior has identified significant undiscovered, technically recoverable oil and gas resources in the Mowry Composite Total Petroleum System.

Rhino Resources and Halliburton deliver the first two exploration wells on Block 2914 in Namibia
16 May 20252 min read

Rhino Resources and Halliburton deliver the first two exploration wells on Block 2914 in Namibia

These exploration wells are the first to be completed entirely from in-country infrastructure through Halliburton’s newly established operational bases in Walvis Bay, Swakopmund, and Lüderitz.

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