Upstream news updates

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 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.

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.

Julie Copland, Head of Wells, Elemental Energies, and Iain Farrow, Elemental Archer JV Manager, answer questions regarding decommissioning oil and gas assets.

Estimates indicate 600 billion ft3 of gas initially in place (GIIP) with a potential upside beyond 1 trillion ft3.

With Congo LNG Phase 2 starting operations, Congo is gearing-up for accelerated upstream growth.

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.

US Lower 48 rig count to fall below 500 while gas assets drive M&A rebound in 2026.

With 17 high impact wells completed in 2025, Africa will need significant investment to support natural gas demand in the near-medium term.

Egill Abrahamsen, Vice President and Principle Drilling & Well Specialist, Sekal AS, Norway, details how advanced, real-time predictive monitoring systems are transforming offshore drilling operations.

Share buybacks at risk as companies face toughest strategic balancing act yet.

The certification applies to Saipem’s entire offshore asset portfolio, including construction vessels, drilling ships and platforms, floating production and storage units, as well as related onboard equipment – such as pipe-handling systems, cranes, mobile equipment and ROVs – and support activities at logistics bases and offices.

Viridien successfully completes BM-S-2 seismic reimaging project in the southern Santos Basin.

This latest addition to the 6700 Friction Flow Loop product line delivers advanced testing capabilities in a portable, space-saving design.

EZOps partners with Midland College to empower future oilfield workforce with digital technology.

Saipem announces that Aker BP has exercised a new option to extend the contract for the semi-submersible drilling unit Scarabeo 8, prolonging its deployment for an additional year.

The Trump administration this week tried to browbeat European Union leaders, claiming that regulations limiting methane emissions from the production of imported natural gas hurt US companies exporting that gas.

Introducing a new era of Drill Cuttings Treatment in the United Arab Emirates as TWMA begins operations at its newly constructed treatment facility in Habshan, Abu Dhabi.

Every so often, an industry reaches a point where it becomes clear that the old way of working is no longer enough. Not because people lack competence or commitment, but because the tools have failed to evolve at the same pace as the responsibility placed upon them. For hazardous area inspection, that moment is now!

Oil and gas companies in the UK, Canada and Australia are failing to fully disclose the costs of decommissioning their fossil-fuel-related infrastructure, leaving investors with incomplete and non-comparable information.

Water will be injected to displace additional oil in the reservoir formation which supplies production to Shell’s Ursa platform in the Mars Corridor.

The contract has a firm duration of five years, running until end of October 2030, with options to extend for up to an additional four years.

The deal marks the fourth large-scale multi-gas monitor changeout delivered by Dräger for same client.

Watson Farley & Williams advised Borr Drilling Limited on the acquisition.