Upstream news updates

Rystad Energy has mapped a range of potential scenarios to assess their impact on oil prices, including the implications of continued disruption in the Gulf and a further escalation of conflict in the Bab el-Mandeb Strait.

Expro has completed the acquisition of Enhanced Drilling, a technology leader in offshore managed pressure drilling (MPD) and riserless mud recovery (RMR).

Northern Endurance Partnership (NEP), the UK’s first carbon dioxide transportation and storage network, has reached a major milestone with the launch of its offshore construction campaign at PD Ports’ Port of Hartlepool.

Energy and marine consultancy, ABL has announced it has secured an agreement with Oil Search (PNG) Ltd, a subsidiary of Santos Ltd, as the operator of the PNG Oilfields Projects, to provide services linked to a new floating storage and offloading (FSO) facility.

The contract marks the latest in a series of milestones for TWMA in Egypt, as the company celebrates its 20th year of local operations and approaches 16 years’ lost time incident (LTI) free.

Decom Engineering (Decom) has secured contracts worth an estimated £4.5 million during the first half of 2026, surpassing its original full-year target and positioning the Aberdeen-based engineering specialist to drive forward to a record annual revenue of £6 million.

David Latin, chair of Serica Energy and Yaniv Friedman, executive chairman of Ithaca Energy will chair the conference and the executive committee for SPE Offshore Europe 2027 (OE27) being held at P&J Live, Aberdeen from 7 to 9 September 2027.

Siemens Energy announces new independent brand name following spin-off from Siemens AG in 2020.

Al-Karim Govindji, Global Head of Public Affairs, Energy Systems, considers how the global energy transition is becoming increasingly fragmented across regions, with investment in clean energy being shaped by differing government policies, economic conditions, energy security concerns, and technology priorities rather than following a single global pathway.

CeraPhi Energy and Star Energy announce landmark agreement to repurpose UK wells for clean geothermal energy.

Oil Sands Alliance member companies continuing to collaborate with governments to finalise agreements.

Digi Rig enables remote collaboration, reducing offshore mobilisation while improving planning and project certainty.

Unity’s Surface Intervention System saves operators time, resource and significant cost savings by eliminating the need for vessel support during operations.

UK-based Metatek announces further airborne surveying in Nigeria to support energy exploration.

Harbour Energy has completed the acquisition of substantially all the subsidiaries of Waldorf Energy Partners Ltd and Waldorf Production Ltd.

Final notice of sale outlines path for expanded offshore leasing in the Gulf of Mexico.

Rafael Paura Vieira Fernandes discusses how large oil and gas transformations succeed by testing end-to-end business processes, not just individual systems.

Gastech 2026 will take place in Bangkok, Thailand from 14 – 17 September 2026, uniting global decision makers and energy leaders to address urgent supply security and system resilience priorities amid mounting geopolitical instability.

Extending a streak that began in 2018 when the United States overtook Russia.

Engines to power gensets for ten new ships built by Detroit Brasil for Brazilian energy company Petrobras.

Tensions between the US and Iran have escalated sharply after reported attacks on commercial vessels transiting the Strait of Hormuz.

New analysis highlights the geological factors that can lead to commercial success as interest returns to the Atlantic margins.

Fluor selected by Saudi-based Aramco as a Program Management Consultancy (PMC) contractor under a Long-Term Agreement (LTA) to support its global capital projects portfolio.

Marine Production Systems do Brasil LTDA has won a contract from Petróleo Brasileiro S.A to deliver ROV services offshore Brazil.