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The September/October 2026 issue of Oilfield Technology explores how operators and service companies are responding to a more demanding upstream environment through technology, optimisation and smarter decision-making. Highlights include McKinsey & Company on the growing exploration discovery gap, Halliburton on unlocking bypassed reserves through multilateral technology, and MR Group on continuous BOP assurance, alongside features examining autonomous FPSOs, produced water treatment, H2S scavenging, advanced sealing solutions and the growing role of AI in optimising well and asset performance.

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Home/News

Latest News

Stay up to date with the latest news and updates from the oil industry.

Wood completes preliminary engineering for world’s largest carbon capture sequestration hub in Saudi Arabia
10 Jun 20242 min read

Wood completes preliminary engineering for world’s largest carbon capture sequestration hub in Saudi Arabia

The company has completed the front-end engineering and design (FEED) scope for the first phase of Aramco’s Accelerated Carbon Capture and Sequestration (ACCS) project in Saudi Arabia, expected to be the world’s largest carbon capture and sequestration (CCS) hub, upon completion.

TGS and Liberia sign new multi-client 2D and 3D seismic reprocessing agreements
10 Jun 20242 min read

TGS and Liberia sign new multi-client 2D and 3D seismic reprocessing agreements

This initiative will rejuvenate the remaining 2D and 3D data in Liberia's prospective Liberia and Harper Basins.

Shelf Drilling announces contract award for the Shelf Drilling Tenacious
10 Jun 20241 min read

Shelf Drilling announces contract award for the Shelf Drilling Tenacious

Shelf Drilling has announced that it has secured a 15-month award for the Shelf Drilling Tenacious jack-up rig for drilling operations offshore West Africa.

New Zealand Government to reverse oil and gas exploration ban
10 Jun 20243 min read

New Zealand Government to reverse oil and gas exploration ban

Removing the ban on petroleum exploration beyond onshore Taranaki is part of a suite of proposed amendments to the Crown Minerals Act to deal with the energy security challenges posed by rapidly declining natural gas reserves, Resources Minister Shane Jones says.

Noble Corporation plc announces agreement to acquire Diamond Offshore Drilling, Inc.
10 Jun 20242 min read

Noble Corporation plc announces agreement to acquire Diamond Offshore Drilling, Inc.

The companies have announced that they have entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction.

Zephyr Drilling completes onshore drilling operations
7 Jun 20242 min read

Zephyr Drilling completes onshore drilling operations

Zephyr Energy has provided an update on drilling operations on the State 36-2R LNW-CC well at the Company's flagship project in the Paradox Basin, Utah, U.S.

Sulzer supports TechnipFMC on innovative CO2 pumps for subsea oil and gas separation
7 Jun 20242 min read

Sulzer supports TechnipFMC on innovative CO2 pumps for subsea oil and gas separation

Sulzer Flow Equipment has been selected by TechnipFMC to collaborate in developing new subsea CO2 pump solutions for new technologies. Petrobras’ high pressure separation technology, HISEP®, enables the separation of CO2-rich natural gas from oil at the seabed.

Fluenta and SEGITEC support carbon reduction ambitions of North African nations
6 Jun 20242 min read

Fluenta and SEGITEC support carbon reduction ambitions of North African nations

Fluenta's ultrasonic flare gas measurement solutions and SEGITEC's established distribution network in North Africa offer operators improved access and support for accurate and reliable flare gas measurement.

DNV and PETRONAS subsidiary partner on CCS value chains across Southeast Asia
6 Jun 20242 min read

DNV and PETRONAS subsidiary partner on CCS value chains across Southeast Asia

The agreement builds on an MoU signed between DNV and PETRONAS in 2022, during which strategic working groups delved into topics relevant to CCS.

Eco Atlantic farms into Block 1 offshore Orange Basin South Africa/Namibia Border
6 Jun 20242 min read

Eco Atlantic farms into Block 1 offshore Orange Basin South Africa/Namibia Border

Eco (Atlantic) Oil & Gas has announced the farm-In into Block 1 Offshore South Africa Orange Basin. Through its 100% owned subsidiary Azinam South Africa Limited, the Company will farm-in and acquire a 75% working interest from Tosaco Energy and will become operator of a new exploration right.

Shearwater announces start of the Pelotas Basin 3D offshore Brazil
6 Jun 20242 min read

Shearwater announces start of the Pelotas Basin 3D offshore Brazil

Shearwater GeoServices Holding has ramped up its multi-client activity and has announced the Pelotas Basin 3D. This is the fifth multi-client 3D acquisition project so far.

SBM Offshore reserves Fast4Ward hull for Block 58 development
6 Jun 20241 min read

SBM Offshore reserves Fast4Ward hull for Block 58 development

A hull has been reserved by TotalEnergies in line with FEED studies for an FPSO for the development project located in the Block 58 in Suriname.

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