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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.

ARA Petroleum Tanzania receives development licence for Ntorya gas field
28 May 20242 min read

ARA Petroleum Tanzania receives development licence for Ntorya gas field

The company has announced that the Ministry of Energy in Tanzania has granted a 25-year development licence over the Ntorya gas discovery area to the Ruvuma joint venture.

Union Jack Oil plc shares results of carbon intensity study on the West Newton gas development
24 May 20243 min read

Union Jack Oil plc shares results of carbon intensity study on the West Newton gas development

This study was undertaken on behalf of Union Jack and Reabold Resources plc, by GaffneyCline & Associates Limited, an international petroleum and energy consultancy.

Equinor invests to maintain high gas production at Troll
24 May 20243 min read

Equinor invests to maintain high gas production at Troll

The company and the Troll partners have decided to invest just over NOK 12 billion to further develop the gas infrastructure in the Troll West gas province.

Elemental Energies awarded major wells decommissioning contract in the Gulf of Mexico
22 May 20242 min read

Elemental Energies awarded major wells decommissioning contract in the Gulf of Mexico

The company has secured a major master services contract to support the decommissioning of nine orphaned wells in the Gulf of Mexico from Promethean Energy.

Adaptive Process Solutions shares results for oil and gas produced water production
22 May 20242 min read

Adaptive Process Solutions shares results for oil and gas produced water production

The company has completed a successful field trial of its new Microbubble Infusion Unit (MiFU) technology, achieving a near five-fold reduction in oil in water (OiW) levels in combination with a synergistic production chemical.

EIA: Guyana becomes key contributor to global crude oil supply growth
22 May 20243 min read

EIA: Guyana becomes key contributor to global crude oil supply growth

Guyana, situated on South America's northern coast neighbouring Venezuela, Suriname, and Brazil, has emerged as a significant contributor to growth in the global supply of crude oil.

Wood Mackenzie: Enauta and 3R Petroleum operation could surpass 100 000 boe/d production
22 May 20241 min read

Wood Mackenzie: Enauta and 3R Petroleum operation could surpass 100 000 boe/d production

The company’s analysis foresees this new combined operation focusing first on integration, but constantly looking for new inorganic growth opportunities in the country or even internationally.

OSSO completes decommissioning project at Scottish oil terminal
20 May 20242 min read

OSSO completes decommissioning project at Scottish oil terminal

The company worked in partnership with another contractor to mitigate the need for 4340 m3 of crude oil sludge to be tankered to incineration, achieve a significant cost saving and recover 1280 m3 of usable oil.

PETRONAS discovery in Suriname approaches 400 million bbl
17 May 20242 min read

PETRONAS discovery in Suriname approaches 400 million bbl

According to Wood Mackenzie, TotalEnergies and APA Corporation are close to sanctioning a cluster FPSO development on Block 58.

Dow, State of Wyoming and University of Wyoming partner to advance oil recovery
17 May 20242 min read

Dow, State of Wyoming and University of Wyoming partner to advance oil recovery

The Wyoming Gas Injection Initiative (WGII) is set to launch to enhance oil well productivity and recovery from existing fields and wells in Wyoming.

Saipem awarded a new offshore contract by Azule Energy
17 May 20242 min read

Saipem awarded a new offshore contract by Azule Energy

Saipem has been awarded a new offshore contract by Azule Energy Angola S.p.A., subsidiary of Azule Energy Holdings Ltd. an incorporated joint venture between Eni and bp, for the development of the Ndungu Field as part of Agogo Integrated West Hub Project, located approximately 180 km off the coast of Angola. The value of the contract is around US$850 million.

Seadrill enters agreement to sell its Qatar jack-up fleet and expands share repurchase programme
17 May 20242 min read

Seadrill enters agreement to sell its Qatar jack-up fleet and expands share repurchase programme

Seadrill has announced that it has entered into a definitive agreement to sell three jack-up rigs—the West Castor, the West Telesto and the West Tucana, and its 50% equity interest in the joint venture that operates these rigs offshore Qatar to Seadrill’s joint venture partner gulf drilling international for cash proceeds of US$338 million.

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