Upstream news updates

New regional assessment identifies areas where UK capability can help overcome technical, regulatory and commercial barriers to APAC project development.

Balance sheets at strongest point in years, unlocking 5% investment rise and fresh wave of M&A in 2027 as companies rebuild post-2030 upstream portfolios.

Viridien announces the award of a five-year contract by Ithaca Energy.

Pipetech launches next stage of Norwegian growth through new facility and key appointment.

Vallourec has been awarded a major contract by Subsea7 for the supply of carbon steel seamless line pipe and thermal insulation coating for Petrobras’ Sepia 2 project offshore Brazil.

New website better connects customers with the company's technologies, services, and expertise.

Scott Gordon, Director of RBP product line, The WellBoss Company, describes a century of evolution for well control barriers and the growing role of retrievable bridge plugs in modern well integrity strategies.

Petrobras has awarded Strohm B.V. and its subsidiary Strohm Brasil a contract to supply thermoplastic composite pipe for the Brazilian post-salt cluster.

Partnership combines WellSense’s Fli surveillance technology with Precise’s local expertise to support Canadian operators addressing well integrity challenges.

Aberdeen-headquartered well integrity and decommissioning specialist Unity has successfully completed a well intervention project in Central Italy for SMAPE, deploying a bespoke thru-tubing solution for a major international oil company to achieve well isolation in a technically challenging well environment.

Colombian geophysical services company Vector Geophysical has purchased 30 000 STRYDE Halo-Connect land seismic nodes alongside a Nimble Receiver System, significantly expanding its capacity to deliver high-density seismic surveys across Colombia.

New analysis finds land and ocean sinks are weakening and carbon prices and coverage fall short of what is needed to protect them, leaving net zero strategies built on unverified foundations.

Viridien, in collaboration with PETRONAS, through Malaysia Petroleum Management (MPM), has commenced an 18-month multi-client Integrated Prospectivity and Subsurface Study (IPSS) covering the onshore Sabah region, Malaysia.

Baker Hughes, an energy technology company, announced on Wednesday a multi-year contract with Oil & Gas Development Company (OGDC) to maximise production performance from its mature oil and gas fields.

Motaz Hassan, Global Application Manager - Artificial Lift Solutions at ABB, Motion Drive Products, explores some of the most common ESP challenges from backspin and gas lock to underload conditions. He then explains how application-specific drive control helps improve reliability, protect equipment and support production continuity.

•North Cormorant topsides safely removed and delivered to Dales Voe in Shetland, following a single lift of more than 17 000 t.

James Ferguson, Hunting Subsea Technologies, describes a lifecycle approach to subsea engineering that connects standardised hardware, intervention capability, and enhanced reservoir recovery.

Poised for industry-first dual FPSO sailaway of P-80 and P-82, departing within weeks of each other.

The 4406 km2 extension covers 189 new OCS blocks in the highly prospective Walker Ridge area, in addition to 46.5 blocks overlapping the original Walker Ridge Reimaging program over a 1085 km2 area.

Sverre Alvik, VP and Energy Transition Outlook director, DNV, argues that the longer the Hormuz crisis lasts, the heavier the tail of permanent demand destruction.

Proven deployments have reduced CO2 emissions by up to 160 t on a single ST25EL project.

Developed from PETRONAS-INSTEP industry-led expertise and formalised by OPITO, the programme supports the workforce transition across the evolving global energy sector.

Following a record gas demand in 2025, the 2026 global gas report shows a more resilient gas system faces a more demanding energy future.

Andreas Fliss, Norway Country Manager for James Fisher, explores how electrification, digitalisation, and asset intelligence in Norway’s upstream sector is supporting both energy security and net zero targets simultaneously.