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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.

Extension of deepsea Aberdeen on Breidablikk field
16 Nov 20232 min read

Extension of deepsea Aberdeen on Breidablikk field

Odfjell Drilling has announced that Equinor has exercised options for seven wells to extend the use of the Deepsea Aberdeen on the Breidablikk field.

Vallourec records major orders from Aramco
16 Nov 20231 min read

Vallourec records major orders from Aramco

The company has announced that it has won orders for premium oil country tubular goods (OCTG) from Aramco.

ExxonMobil starts production at third offshore Guyana project
15 Nov 20232 min read

ExxonMobil starts production at third offshore Guyana project

ExxonMobil has started production at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620 000 bpd.

PETRONAS and PETROVIETNAM sign memorandum of cooperation
15 Nov 20231 min read

PETRONAS and PETROVIETNAM sign memorandum of cooperation

PETRONAS has signed a Memorandum of Cooperation (MoC) with Vietnam oil and gas group (PETROVIETNAM) to explore potential collaboration opportunities in the upstream, renewable energy, gas, and downstream sectors in Vietnam.

OneNexus introduces new approach to funding decommissioning costs
15 Nov 20232 min read

OneNexus introduces new approach to funding decommissioning costs

Developed by OneNexus to help the energy industry meet the challenge of its Asset Retirement Obligations (ARO), WellSecure is a financial contract that provides long-term financial security for the purpose of funding oil and gas decommissioning liabilities.

Kongsberg Digital selected by Equinor for safety and emergency training in the North of Norway
15 Nov 20232 min read

Kongsberg Digital selected by Equinor for safety and emergency training in the North of Norway

Kongsberg Digital has unveiled a developing collaboration with the Norwegian energy company Equinor, underpinning a stronger safety and sustainability focus in offshore operations.

FPSO Prosperity produces first oil
15 Nov 20232 min read

FPSO Prosperity produces first oil

SBM Offshore has announced that FPSO Prosperity has produced first oil as of 14 November 2023 and is formally on hire.

Diamond Offshore announces new drillship contract
14 Nov 20231 min read

Diamond Offshore announces new drillship contract

Diamond Offshore Drilling has announced it has entered into a drilling contract with an independent operator to utilise the Ocean BlackRhino for work offshore Guinea-Bissau.

GlobalData: Oil and gas industry overall contract value drops by 26% q/q
14 Nov 20232 min read

GlobalData: Oil and gas industry overall contract value drops by 26% q/q

The company’s latest report, ‘Oil and Gas Industry Contracts Analytics by Sector, Region, Planned and Awarded Contracts and Top Contractors, Q3 2023,’ reveals that the overall contract value decreased from US$57.4 billion in Q2 2023 to US$42.6 billion in Q3 2023.

CCL welcomes Wintershall Dea to Poseidon CCS project
14 Nov 20231 min read

CCL welcomes Wintershall Dea to Poseidon CCS project

Carbon Catalyst Limited (CCL) has completed the farmout of a 10% working interest in the Poseidon carbon storage licence located in the Southern North Sea sector of the UK Continental Shelf.

ICE OIL & GAS signs production sharing agreement with the State of Côte d'Ivoire
14 Nov 20231 min read

ICE OIL & GAS signs production sharing agreement with the State of Côte d'Ivoire

This production sharing agreement is part of the company’s vision to strengthen the energy autonomy of Côte d'Ivoire and the West African sub-region.

FET to supply work-class ROV to UK ministry of defence
13 Nov 20232 min read

FET to supply work-class ROV to UK ministry of defence

The subsea product line of forum energy technologies has secured a contract from the UK ministry of defence salvage and marine operations (SALMO) team to supply a work class remotely operated vehicle (ROV).

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