Upstream news updates

Worley Consulting and Bloomfire partner to bring Enterprise Intelligence to energy, chemicals, and resources sectors.

Wood Mackenzie report that prolonged disruption to Middle East energy supplies could accelerate a structural shift in global energy systems, halving oil and gas import dependence by 2050 and reducing oil demand by 20% and gas demand by 10% relative to the base case.

The European bellwether front-month gas contract on the Dutch TTF hub initially dropped to EUR 42.50/MWh on Ice Endex this morning, its lowest since 2 March, before recovering slightly to EUR 43.46/MWh, at the time of writing.

Decom Engineering secures a United States patent for key elements of its proprietary Chopsaw cutting technology.

Rebuilding asset visibility from the component level up, by Rajaram Madhavan, SLB.

Mark Offshore manages and operates the DP1 ROV Support and Survey vessel. DroneQ Robotics now has the exclusive rights to deploy the vessel for its own projects, Intertek projects, and third-party projects.

The UK government faces renewed pressure to change its policy on the North Sea, amid the crisis in the Middle East, says Wood Mackenzie.

TotalEnergies announces the completion of the merger between NEO NEXT and TotalEnergies’ UK upstream oil and gas business.

The Bureau of Ocean Energy Management has issued a Notice of Intent to prepare an Environmental Impact Statement for a proposed update to the Santa Clara Unit Development and Production Plan, which includes the use of hydraulic fracturing on 16 existing wells at Platform Gilda, located 8.8 miles offshore Ventura County, California.

Thermoplastic composite pipe (TCP) manufacturer Strohm has been awarded a contract to supply two insulated carbon fibre PA12 (CF/PA12) TCP production jumpers for a Southeast Asian operator.

War in the Middle East has triggered severe global supply disruptions in oil and gas, with reported damage and shutdowns affecting liquefied natural gas (LNG) trains, refineries, fuel terminals and critical gas-to-liquids facilities across the region.

EnerMech has secured a five-year contract to provide Bumi Armada with crane management and lifting services on the Armada Kraken Floating Production Storage and Offloading (FPSO) vessel in the UK North Sea East of Shetland.

Baker Hughes, an energy technology company, has announced a 60-month service award from Petrobras to support critical turbomachinery equipment for Brazil’s offshore operations, as well as a major refinery.

Equinor has made an oil discovery that will be tied into the Johan Castberg field in the Barents Sea.

Halliburton, in collaboration with ExxonMobil, Sekal, Noble, and the Wells Alliance Guyana team, has achieved the industry’s first fully automated geological well placement with complete rig automation in offshore Guyana.

IMI has been selected to supply specialist control valves for ultra-high-pressure injection systems supporting a major offshore development in the North Sea.

Rystad Energy analysis shows that in a worst-case scenario, Middle East crude output could fall to approximately 6 million bpd, a region-wide reduction of 70% from the pre-conflict baseline.

Viridien has announced a new regional multi-client data initiative for the offshore basins of India, designed to deliver enhanced, data-driven exploration capabilities to industry operators.

SES Energy has acquired the chemical injection utilities and corrosion monitoring divisions of ICR.

Viridien and BGP have entered into an agreement with the Ministry of Natural Resources of the Cooperative Republic of Guyana to launch a multi-client 3D seismic acquisition and imaging programme across the shallow water acreage lots 2, 3, and 4.

Metatek-Group Ltd has completed an airborne survey of the Kwanza Basin in Angola to support onshore oil and gas exploration in the region.

US marketed natural gas production reached a new record in 2025, growing by 5.3 billion ft3/d to average 118.5 billion ft3/d, according to the U.S. Energy Information Administration’s latest Natural Gas Monthly.

The move significantly expands Acteon’s global engineering capability and creates one of the industry’s most comprehensive fixed platform offerings.

Rystad Energy’s oil market update from Janiv Shah, Vice President, Oil Markets.