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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.

W&T Offshore announces closing of accretive acquisition of six Gulf of Mexico fields
23 Jan 20243 min read

W&T Offshore announces closing of accretive acquisition of six Gulf of Mexico fields

W&T Offshore has announced that the Company has completed the accretive acquisition of six fields in shallow waters of the Gulf of Mexico.

Optime Subsea secures contract with Equinor for ROCS system
23 Jan 20242 min read

Optime Subsea secures contract with Equinor for ROCS system

Optime Subsea has entered into a significant contract with Equinor for the delivery of its remote operated controls system (ROCS). This contract represents a step forward for Optime Subsea, who collaborate with operator Equinor and its partner Ithaca on the Rosebank field.

Paradigm Flow Services appoints VP of Commercial Eastern Hemisphere
23 Jan 20241 min read

Paradigm Flow Services appoints VP of Commercial Eastern Hemisphere

Aiden Hardy has accepted the position with company, and has extensive experience in both onshore and marine pipelines.

Government approval for 6.25% farm out of block 3b/4b to Africa Oil
23 Jan 20241 min read

Government approval for 6.25% farm out of block 3b/4b to Africa Oil

Eco (Atlantic) Oil & Gas Ltd, has announced that its wholly owned subsidiary, Azinam Limited, has received final government approval for the farm out of its 6.25% participating interest in Block 3B/4B to Africa Oil Corp announced on 11 July 2023.

Aker BP awarded 27 licenses in APA 2023
22 Jan 20242 min read

Aker BP awarded 27 licenses in APA 2023

The Norwegian authorities are offering Aker BP ownership interest in 27 exploration licenses on the Norwegian continental shelf in the APA 2023 licensing round.

Coretrax secures five multi-year contract wins
22 Jan 20242 min read

Coretrax secures five multi-year contract wins

The company also expects to increase its 320-strong workforce by an additional 100 personnel across its bases in Europe, the Middle East, Asia Pacific and the Americas.

Equinor Energy AS discovers oil in exploration well 30/12-3 S
22 Jan 20242 min read

Equinor Energy AS discovers oil in exploration well 30/12-3 S

The wells were drilled about 40 km south of Oseberg and 150 km west of Bergen. The drilling was conducted by the Deepsea Stavanger drilling rig.

General Manager of Ashtead Technology appointed member of Decom Mission board of directors
19 Jan 20242 min read

General Manager of Ashtead Technology appointed member of Decom Mission board of directors

Richard is General Manager of Ashtead Technology’s mechanical solutions facility in Aberdeenshire which provides specialist subsea equipment, solutions and services for the offshore decommissioning sector.

Elemental Energies appoints new Head of Wells
19 Jan 20242 min read

Elemental Energies appoints new Head of Wells

The company has announced the senior appointment of Willem Boon von Ochssee as Head of Wells. With over 30 years’ industry experience, he joins Elemental Energies from Spirit Energy.

PGS expands 3D GeoStreamer in Egypt’s West Mediterranean
19 Jan 20241 min read

PGS expands 3D GeoStreamer in Egypt’s West Mediterranean

The latest in a series of PGS surveys offshore Egypt will enable better understanding of shelfal and transform margin potential at the western extremity of Egypt’s offshore area.

ABB and MODEC collaboration supports South American FPSO market
19 Jan 20242 min read

ABB and MODEC collaboration supports South American FPSO market

Offshore Frontier Solution Pte Ltd in Singapore has awarded ABB the contract to deliver a complete electrical system and associated digital solutions on an ExxonMobil FPSO vessel for the South American Uaru oilfield.

BP board appoints new Chief Executive Officer
18 Jan 20242 min read

BP board appoints new Chief Executive Officer

Murray Auchincloss has been appointed as BP Chief Executive Officer. His appointment has been made following a robust and competitive search process, carried out by the board over the past four months.

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