Upstream news updates

New paper on managing artificial intelligence (AI) system risk in energy networks.

FutureOn, a global offshore energy software company, today announced the launch of FieldTwin Operate, a digital twin for subsea operations that brings together project design, engineering and inspection data in a single geospatial operational environment.

New FPSOs will enter into operation in Brazil between 2026 and 2030 to meet the energy sector’s growing demand.

OEG has secured a long-term multi-million-dollar contract extension with a global operator to support its offshore drilling operations in the Bass Strait field, Australia, until the end of field life, expected to be in 2036.

Together, the two companies have successfully completed a breakthrough operation in North America – achieving over 8500 feet of tractored coiled tubing, marking a first-of-its-kind milestone in the region.

As AI-driven data demand accelerates, Africa’s vast natural gas reserves are emerging as a critical enabler of data centre growth – placing gas at the centre of discussions at African Energy Week 2026’s AI and Data Centre Track.

Global law firm Norton Rose Fulbright has strengthened its Middle East and Africa energy, infrastructure and natural resources offering with the appointment of Remy Lerner, who will join the firm’s Dubai office following a short transitional period in Paris.

An interview with Rahul Jha, US Upstream Materials Operations Manager at ExxonMobil, on advancing hydrocarbon recovery, scaling production in unconventional oil sands, and deploying AI-enabled optimisation across complex operating systems.

Designed for upstream, midstream, and downstream oil and gas, as well as chemical processing and industrial utility environments, the new platform delivers performance comparable to other leading manufacturers with a more competitive total cost of ownership.

This latest award reinforces EnerMech’s strong capability in the Americas and its commitment to supporting clients with technical expertise, operational reliability and integrated solutions that improve certainty across complex offshore developments.

Viridien announced today the commencement of CDI25, a 6555 km² seismic reimaging project in the Tano Basin, Côte d’Ivoire, delivering a drill-ready multi-client dataset for explorers pursuing opportunities along the West African Atlantic margin.

INEOS Energy and Shell Offshore Inc., a subsidiary of Shell plc, have today agreed to jointly invest in exploration and development opportunities, strengthening their collaboration and supporting long-term energy security, from areas in tieback distance to the Appomattox platform in the Gulf of Mexico.

The Iran conflict and the resultant supply chain disruptions arising from the Strait of Hormuz blockade makes ‘geopolitics’ and ‘supply chain’ as the key themes impacting the oil and gas industry in 2026.

The investment reflects the company’s continued evolution from its origins in survey rental to a broader subsea technology and engineering provider.

Oilfield Technology Senior Editor, Elizabeth Corner, talks to Shola Adekeye, who leads the Upstream practice at KBC, to discuss the company’s recent article in Oilfield Technology.

GLND intends to use the net proceeds from the offering to fund exploration and appraisal activities in the Jameson Land Basin (Jameson), as well as for general corporate purposes.

Subsea7 today announced the award of a substantial engineering, procurement, construction, and installation (EPCI) contract by ExxonMobil to Subsea Integration Alliance (SIA) for a subsea tie-back associated with the Redevelopment 2.0 Likembe Project in Block 15, offshore Angola.

JDR will supply approximately 18 km of hydraulic control umbilicals, with options for a further 13 km, subject to drilling success.

The United Arab Emirates' withdrawal from OPEC, effective 1 May 2026, represents the most significant fracture in the organization's 66-year history and increases the risk of oversupply weakening prices, according to analysis published today by Wood Mackenzie.

The project, led by Geolander, will support a major oil and gas operator’s carbon capture and storage (CCS) ambitions by improving understanding of subsurface conditions and storage potential.

The Middle East conflict disrupted 80 million tpy of Gulf LNG exports, yet power markets absorbed the shock through fuel diversification.

Forum Energy Technologies (FET) has unveiled its latest innovation in subsea handling equipment, the Model 6000 (M6000) Launch and Recovery System (LARS).

Odfjell Technology has signed a Memorandum of Understanding (MoU) with Applied New Technologies (ANT) to work together to deliver a next generation erosion tool for well plug and abandonment (P&A) projects across Southeast Asia.

Located in the Central North Sea, Harding has played a pivotal role in powering homes, fueling industry and playing a vital role in the UK’s economy for three decades.