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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.

UK North Sea emissions down three years in a row
5 Sept 20232 min read

UK North Sea emissions down three years in a row

Greenhouse gas emissions from UK offshore oil and gas production were cut for the third consecutive year in 2022 as the industry continued its drive to reach net zero by 2050.

Fabrication begins on major projects Yggdrasil and Valhall PWP-Fenris
5 Sept 20232 min read

Fabrication begins on major projects Yggdrasil and Valhall PWP-Fenris

The Yggdrasil and Valhall PWP-Fenris offshore development project which are to be built on the Norwegian Continental Shelf has entered into the construction phase.

ANPG and Azule Energy sign production sharing agreement for Block 31/21
4 Sept 20232 min read

ANPG and Azule Energy sign production sharing agreement for Block 31/21

The agreement is a significant step forward in advancing exploration in the Lower Congo Basin.

Maria Phase 2 template successfully installed
4 Sept 20232 min read

Maria Phase 2 template successfully installed

Wintershall Dea and its partners Petoro and Sval Energi have successfully installed an additional subsea template on the seabed at Haltenbanken on the west coast of Norway.

Equinor has awarded COSL Offshore Management AS two contracts on Norwegian continental shelf
4 Sept 20232 min read

Equinor has awarded COSL Offshore Management AS two contracts on Norwegian continental shelf

The contract values are calculated at around US$369 million for both firm periods.

Wood and Harbour Energy agree new US$330m strategic partnership
4 Sept 20231 min read

Wood and Harbour Energy agree new US$330m strategic partnership

Wood and Harbour Energy, have entered into a new strategic partnership for UK North Sea operations agreeing a new master services agreement and contracts valued at around US$330 million

Petrobras receives OTC award for innovative well technology
1 Sept 20232 min read

Petrobras receives OTC award for innovative well technology

The Offshore Technology Conference (OTC) has announced that Petrobras will receive the 2023 OTC ‘Brasil Distinguished Achievement Award’ in acknowledgement of the development of a technological solution in the global offshore industry dedicated to well construction and intervention.

Two COSL rigs awarded drilling contracts
1 Sept 20232 min read

Two COSL rigs awarded drilling contracts

Equinor has awarded COSL Offshore Management AS two contracts and will employ COSLPromoter and COSLInnovator on the Norwegian continental shelf.

Petrobras signs agreements with major Chinese companies
1 Sept 20233 min read

Petrobras signs agreements with major Chinese companies

The company has signed four memorandums of understanding (MOUs) with China Energy, SINOPEC, CNOOC and Citic Construction, China's main oil and energy groups.

BSEE conducts exercise and equipment deployment in Pacific Ocean
1 Sept 20232 min read

BSEE conducts exercise and equipment deployment in Pacific Ocean

The Bureau of Safety and Environmental Enforcement (BSEE) conducted a Government Initiated Unannounced Exercise (GIUE) on 29 – 30 August to assess DCOR, LLC’s ability to activate its incident management team and carry out procedures in its approved oil spill response plan.

Odfjell Technology adds new wellbore cleaning chemicals to its product offering
31 Aug 20232 min read

Odfjell Technology adds new wellbore cleaning chemicals to its product offering

Odfjell Technology, has strengthened its in-house well services offering with the addition of wellbore cleaning chemicals, enabling more efficient and sustainable operations.

Transocean Ltd has announced a US$222 million ultra-deepwater drillship contract
31 Aug 20231 min read

Transocean Ltd has announced a US$222 million ultra-deepwater drillship contract

Transocean Ltd has announced that Oil and Natural Gas Corporation Ltd awarded the Dhirubhai Deepwater KG1 a binding notification of award for work offshore India.

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