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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.

Petrobras and bp sign memorandum of intent for business and research
19 Apr 20241 min read

Petrobras and bp sign memorandum of intent for business and research

Petrobras and bp signed a memorandum of understanding (MoU) with the purpose of promoting discussions and collaboration between the companies.

SBM Offshore signs a US$250 million short-term corporate facility
19 Apr 20241 min read

SBM Offshore signs a US$250 million short-term corporate facility

SBM Offshore has announced that it has secured a US$250 million term loan facility.

Strohm wins third and largest ever TCP ‘jumpers on demand’ contract from ExxonMobil Guyana
18 Apr 20242 min read

Strohm wins third and largest ever TCP ‘jumpers on demand’ contract from ExxonMobil Guyana

ExxonMobil Guyana has awarded Strohm a TCP “jumper on demand” contract for the supply of TCP for the Whiptail project. This brings the project count for the Netherlands-based manufacturer to three for ExxonMobil Guyana, following previous awards for the Yellowtail and Uaru projects.

bp begins oil production from major new platform offshore Azerbaijan
18 Apr 20243 min read

bp begins oil production from major new platform offshore Azerbaijan

bp, as operator of the Azeri-Chirag-Gunashli (ACG) project, has announced the start-up of oil production from the new Azeri Central East (ACE) platform as part of the ACG field development in the Azerbaijan sector of the Caspian Sea.

Petrofac supporting National Oil Company of Equatorial Guinea
18 Apr 20242 min read

Petrofac supporting National Oil Company of Equatorial Guinea

Petrofac, has been awarded a technical services contract by Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), the National Oil Company of Equatorial Guinea, to support the operation of the region’s Block B asset.

88 Energy announce second light oil discovery
17 Apr 20242 min read

88 Energy announce second light oil discovery

88 Energy has announced further successful flow test results from the Company’s Hickory-1 discovery well, located in Project Phoenix on the North Slope of Alaska.

Seatrium and A*STAR join forces to explore new energies and AI in offshore and marine applications
17 Apr 20242 min read

Seatrium and A*STAR join forces to explore new energies and AI in offshore and marine applications

Seatrium and Singapore’s Agency for Science, Technology and Research (A*STAR) has inked a memorandum of understanding (MoU) to explore research opportunities in new energies and artificial intelligence (AI) to develop innovative products and engineering solutions for the offshore and marine sector.

SLB awarded three completion contracts for Petrobras’ Buzios Field
16 Apr 20241 min read

SLB awarded three completion contracts for Petrobras’ Buzios Field

SLB has been awarded three contracts by Petrobras (NYSE: PBR) for completion hardware and services for up to 35 subsea wells in the development of Petrobras’ offshore Buzios Wave II oilfield.

Three oil discoveries in the Gulf of Thailand
16 Apr 20241 min read

Three oil discoveries in the Gulf of Thailand

Valeura Energy has announced three oil discoveries on its assets in the offshore Gulf of Thailand.

Seatrium and Shell to collaborate on floating production systems
15 Apr 20241 min read

Seatrium and Shell to collaborate on floating production systems

The companies have signed an MoU to explore and strengthen collaboration opportunities in floating production systems through leveraging both parties’ deep engineering capabilities and technologies.

Saipem receives authorisation to proceed with the execution of the Whiptail project in Guyana
15 Apr 20241 min read

Saipem receives authorisation to proceed with the execution of the Whiptail project in Guyana

Following the press release of 29 November 2023, Saipem informs that it has received from ExxonMobil Guyana Limited and its Stabroek block coventurers the authorisation to proceed with the execution of the Whiptail oilfield development project, situated in the offshore Guyana, at a water depth of approximately 2000 m.

Petrofac relationship with bp continues with North Sea contract extension
15 Apr 20241 min read

Petrofac relationship with bp continues with North Sea contract extension

Petrofac has been awarded a contract extension by bp, continuing support across its North Sea portfolio.

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