Upstream news updates

Equinor and its partners have discovered gas at the Gulfalks South field in the North Sea, with 3.3 - 10.3 million boe.

Valaris has secured US$220 million in contract awards and extensions, covering drilling in Suriname, jackup operations in Australia, and plug and abandonment work in the North Sea.

H&P has expanded the deployment of its FlexRobotics® technology across ExxonMobil’s drilling operations to advance automation, safety, and performance.

Wood Mackenzie has reported that Johan Sverdrup Crude hits record US$24/bbl premium to Brent as Saudi pipeline suspension tightens European medium-sour supply.

Chevron Technical Center has joined SLB and TotalEnergies in their long-term digital subsurface collaboration, supporting the development of reservoir engineering and geoscience technologies.

A digital Challenge Portal designed to put Brazilian businesses in direct contact with specialist decommissioning capability honed in the North Sea.

Contract reinforces TWMA’s long-term commitment to operators in the region.

Seatrium Ltd and Karpowership are advancing their collaboration with the ninth Floating Storage Regasification Unit (FSRU) conversion project, LNGT Akdeniz.

According to Rystad Energy, Southeast Asia's upstream merger and acquisition conversation has moved from which international oil companies are leaving to who is entering, with US$9.6 billion on offer.

McKinsey’s Global Energy Perspective 2026 finds that the ongoing energy transition, impacted by volatile market conditions, is becoming an energy expansion, with oil, gas, coal, and renewables all growing.

Black Rock Oilfield Technology LLC reports that its engineering team has helped an operator deliver its first TAML Level 5 multilateral well in an offshore operation with zero reported non-productive time (NPT).

Echo Seismic has launched a division expanding its seismic imaging and project delivery services to reduce subsurface uncertainty in geothermal and geotechnical projects.

Flylogix has completed the UK-first cross border drone flight to Equinor’s Norwegian oil platform, covering 290 nautical miles.

New Wave Offshore Energy has been selected as the marine warranty surveyor for Sinopec supporting Totalenergies’ Agup Phase 2 Development in Iraq.

Venezuela’s upstream oil sector is attracting renewed investment from established majors and new operators, according to new Rystad Energy research and analysis.

Strohm completes JIP with Petrobras and Shell for TCP flowline technology.

Sandy Hutchison, Managing Director, TAQA UK, offers lessons learned from executing the UK’s largest portfolio decommissioning programme.

Wins secured, with Brazil accounting for the majority of activity and further deployments linked to offshore operations in Guyana.

Strengthening global source control preparedness for complex well control scenarios.

New facility expands Emerson footprint across the region.

STRYDE secures new agreement for seismic nodes in Indonesia.

SCA wins significant contract with Saipem for cable transportation and transpooling services in the Caspian region.

Shell Offshore Inc. has completed sale of interest in Na Kika platform in the GoM.

CoreMarine takes a decisive step to expand its offshore footprint in one of the world's most active subsea markets.