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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.

Siem Offshore secures new long-term contracts for Siem Helix Vessels with Helix Energy Solutions
7 Feb 20241 min read

Siem Offshore secures new long-term contracts for Siem Helix Vessels with Helix Energy Solutions

Siem Offshore has announced the signing of new agreements with Helix Energy Solutions for Well Intervention vessels, ‘Siem Helix 1’ and ‘Siem Helix 2’.

CNOOC Limited announces Suizhong 36-1/Luda 5-2 Oilfield Secondary Adjustment and Development Project commences production
6 Feb 20241 min read

CNOOC Limited announces Suizhong 36-1/Luda 5-2 Oilfield Secondary Adjustment and Development Project commences production

CNOOC Limited and 80883 has announced that Suizhong 36-1/Luda 5-2 Oilfield Secondary Adjustment and Development Project has commenced production.

Extension of 2022 Star Valley Rig 101 rig contract
6 Feb 20242 min read

Extension of 2022 Star Valley Rig 101 rig contract

Predator Oil & Gas Holdings Plc (LSE: PRD), has announced that it has signed an extension to the Company's 2022 rig contract for the use of the Star Valley Rig 101, which is currently available in Morocco.

QatarEnergy announces 10 year condensate supply agreement with Mitsui & Co. Energy Trading Singapore Pte. Ltd.
5 Feb 20241 min read

QatarEnergy announces 10 year condensate supply agreement with Mitsui & Co. Energy Trading Singapore Pte. Ltd.

QatarEnergy has announced a long-term condensate supply agreement with Mitsui & Co. Energy Trading Singapore Pte. Ltd.

McDermott secures two EPCIC contracts for North Oil Company's Ruya development project
2 Feb 20241 min read

McDermott secures two EPCIC contracts for North Oil Company's Ruya development project

McDermott has been awarded two contracts from North Oil Company (NOC) to deliver engineering, procurement, construction, installation and commissioning (EPCIC) for packages 11 and 13 of the Ruya Development Project, as part of the expansion of the Al-Shaheen field, Qatar's largest oilfield.

Saudi Aramco’s shift to abandon its 13 million bpd capacity target likely to be absorbed by the market
2 Feb 20242 min read

Saudi Aramco’s shift to abandon its 13 million bpd capacity target likely to be absorbed by the market

Ann Louise Hittle, Vice President of Oil Markets for Wood Mackenzie, addresses the Saudi Ministry of Energy’s instructions to Saudi Aramco to abandon its 13 million bpd target and maintain 12 million bpd.

24 licences offered in second tranche of 33rd oil and gas licensing round
1 Feb 20243 min read

24 licences offered in second tranche of 33rd oil and gas licensing round

Shell, Equinor, bp, Total and NEO are among the 17 separate companies which have been offered a total of 24 licences in the second tranche of the 33rd oil and gas licensing round.

Eni completes acquisition of Neptune Energy Group
1 Feb 20241 min read

Eni completes acquisition of Neptune Energy Group

Eni has announced the closing of the acquisition of Neptune Energy Group. The transaction comprises Neptune’s entire portfolio other than its operations in Norway and Germany.

Horizon56 has added a further product to its portfolio created in collaboration with Archer
31 Jan 20242 min read

Horizon56 has added a further product to its portfolio created in collaboration with Archer

Archer collaboration with Horizon56 launches solution to digitalise operating procedure for enhanced rig safety and efficiency.

SLB have announced a step toward fully autonomous drilling operations at Equinor's Brazilian Peregrino C platform
31 Jan 20241 min read

SLB have announced a step toward fully autonomous drilling operations at Equinor's Brazilian Peregrino C platform

SLB digital technologies for surface automation, autonomous on-bottom drilling, and directional drilling, were combined to enable 99% of a 2.6 km section to be drilled in autonomous control mode.

Wood drives growth in Middle East with US$850 million of wins in 2023
31 Jan 20242 min read

Wood drives growth in Middle East with US$850 million of wins in 2023

Wood works across the region to unlock conventional and low carbon energy supply, decarbonise and optimise energy production and processing, and extend onshore and offshore asset life in key locations.

Equinor release 2023 safety results
31 Jan 20242 min read

Equinor release 2023 safety results

Equinor’s 2023 safety results show an overall positive trend at the end of the year.

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