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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.

Equinor shares Johan Castberg project update
19 Sept 20232 min read

Equinor shares Johan Castberg project update

The Johan Castberg partnership, consisting of Equinor, Vår Energi and Petoro, is updating the project cost estimate. The investment estimate has increased by almost NOK 13 billion since last year.

DNO make a discovery in the Norwegian North Sea
19 Sept 20232 min read

DNO make a discovery in the Norwegian North Sea

DNO has announced a gas condensate discovery on the Norma prospect in the Norwegian North Sea license PL984 in which the Company holds a 30 percent operated interest.

Akselos, Yinson and Enauta deploy digital twin technology for Atlanta FPSO
19 Sept 20231 min read

Akselos, Yinson and Enauta deploy digital twin technology for Atlanta FPSO

The companies have signed a multi-year contract to deploy Akselos' digital twin technology on the ABS-classed Atlanta FPSO in Brazil's Santos Basin.

Fulkrum win inspection contracts for FPSO projects
18 Sept 20232 min read

Fulkrum win inspection contracts for FPSO projects

The company has announced a series of key contract wins across the Asia Pacific (APAC) region.

Orcadian enter agreement to develop one of largest undeveloped discoveries in the central North Sea
18 Sept 20232 min read

Orcadian enter agreement to develop one of largest undeveloped discoveries in the central North Sea

Orcadian has entered into a non-binding Heads of Agreement (HoA) with a North Sea operator (the Operator), which details a potential farm-out of the Pilot development project.

Touchstone provides cascadura production update
18 Sept 20231 min read

Touchstone provides cascadura production update

Touchstone Exploration has provided an update regarding natural gas and liquids production volumes from the recently commissioned Cascadura facility.

bp CEO has resigned
15 Sept 20232 min read

bp CEO has resigned

BP has announced that Bernard Looney has notified the Company that he has resigned as Chief Executive Officer with immediate effect.

OPEC has made a statement on peak fossil fuel demand
15 Sept 20233 min read

OPEC has made a statement on peak fossil fuel demand

OPEC has noted, on the International Energy Agency’s recent Op-Ed published, asserting that fossil fuel demand would peak before 2030, that consistent and data-based forecasts do not support this assertion.

Transocean has announced a US$486 million contract for deepwater aquila
14 Sept 20231 min read

Transocean has announced a US$486 million contract for deepwater aquila

Transocean has announced a three-year award for the newbuild ultra-deepwater drillship Deepwater Aquila with a national oil company for work offshore Brazil. The contract is expected to commence in the 3Q24 and represents approximately US$486 million in firm backlog.

Wood delivers an AI maintenance solution for UK operators
14 Sept 20232 min read

Wood delivers an AI maintenance solution for UK operators

Wood has secured contract wins with major UK operators for its digital maintenance optimisation solution, maintAI.

Archer extends Horizon56 partnership across 12 platform rigs
14 Sept 20232 min read

Archer extends Horizon56 partnership across 12 platform rigs

Horizon56, has strengthened its partnership with Archer, with a deal to digitalise a further nine rigs within Archer’s operations.

Berri Oil Field expansion project will double its crude processing and production
14 Sept 20232 min read

Berri Oil Field expansion project will double its crude processing and production

Once the expansion of the facilities is completed, this oil field will increase its production from 250 000 bpd of Arab light crude oil to more than 500 000 bpd, in addition to 40 000 bpd of condensed hydrocarbons.

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