Upstream news updates

Tekmar Group plc, a leading provider of asset protection technology and offshore energy services, has announced it has won a new contract valued in excess of €3.5 million to supply cable protection technology to a major offshore energy project in the Middle East, with delivery scheduled by June 2026.

The announcement was made at the United Nations Climate Change Conference (COP30) in Belém, Brazil.

K2 Oilfield Services Pte Ltd, operating as K2 Energy Group (K2), has announced the acquisition of the global hazardous-area inspection services business of Eutex Inc. (Eutex), a portfolio company of Sutherland Holdings International, through its purchase of Eutex International Pte Ltd in Singapore.

PXGEO has been awarded two significant contracts from Petrobras-led consortia, to deliver seismic data acquisition and monitoring services in the Santos Basin.

AGR’s resourcing services business has entered into a five-year frame agreement to deliver technical personnel and workforce to Vår Energi.

TotalEnergies (40%, operator) and its partners QatarEnergy (35%) and Petronas (25%) have signed a production sharing contract for Block S4 with Guyana’s Ministry of National Resources represented by His Excellency Vickram Bharrat, following the block’s 2023 award in the Guyana 2022 Licensing Round.

Octasense captures eight critical insights in a single descent, potentially saving millions of US dollars per campaign.

Vallourec has been awarded a second time by TotalEnergies to supply casing, tubing, and associated accessories for the drilling of 48 wells for the Associated Gas Upsteam Project 2 (AGUP2) Project, one of the main components of the Gas Growth Integrated Project (GGIP) operated by TotalEnergies in Iraq, alongside its partners Basra Oil Co. and Qatar Energy.

Global energy technology company SLB has announced the launch of Tela™, an agentic AI assistant purpose-built to transform the upstream energy sector.

Created in 2019, Sensia combined Rockwell’s expertise in process automation and Internet of Things technologies with SLB’s knowledge in oil and gas measurement, instrumentation, and software.

In this interview, Senior Geophysicist Ameur Hamdane discusses how FWI is sharpening subsurface clarity, reducing drilling risk, and enabling new energy applications. Interview by Ellen F. Warren.

INEOS Energy has signed a major long-term deal with US energy company Kinetik Holdings Inc., to supply natural gas to Europe from 2027, a move that will help keep Europe’s homes warm, factories running and prices competitive.

Interocean Marine Services (Interocean) has officially opened its new office, located in the heart of Dubai’s prestigious Multi Commodities Centre (DMCC).

As Offshore Technical Compliance (OTC) continues to expand their footprint in the digital pressure testing field of the Oil and Gas industry, their new and improved GreenLight has achieved a major milestone and sets a new standard for digital pressure testing of well control systems.

Danny Constantinis, EM&I, Malta, addresses methods of maintaining the integrity of Floating Production Units (FPUs) and Floating Production, Storage, and Offloading (FPSO) assets.

EnerMech has embarked on a multi-year, high-value investment program across its Americas operations, reinforcing its long-term commitment to the region and its people.

The deployment successfully optimises the gas treatment unit, reducing energy and chemical use.

The agreement follows the Framework Agreement signed by the two companies on 17th June 2025 and establishes a new entity that will manage 19 assets: 14 in Indonesia and five in Malaysia - representing significant enterprise value.

Shell Marine has launched a new technical service, Shell Marine Sensor Service (SMSS), an onboard monitoring service that provides real-time insights into oil and equipment condition, helping shipping operators improve vessel uptime and operational resilience.

bp has reached an agreement for Sixth Street-managed funds to purchase non-controlling interests in Permian and Eagle Ford midstream assets of bpx energy – bp’s US onshore oil and gas business. bpx will remain operator of all the assets.

DNV has released a comprehensive study comparing major accident risks and risk management practices in the UK between the offshore oil and gas and the offshore renewables industries.

bp has provided an update following its significant hydrocarbon discovery at the Bumerangue block, located in the pre-salt Santos Basin, offshore Brazil.

Europe’s construction of liquefied natural gas (LNG) import terminals is losing momentum, indicating that countries across the continent overestimated future gas demand.

The EPA has formally recognised a drone-based inspection method, which means remote methane inspections now count for compliance.