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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.

EIA: Decline in natural gas price drove decrease in US oil producer revenue in early 2024
24 Sept 20242 min read

EIA: Decline in natural gas price drove decrease in US oil producer revenue in early 2024

The US Energy Information Administration reports that cash from operations in 1Q24 has decreased due to lower natural gas prices.

Bonus podcast episode from Gastech 2024: ‘Solving for the Extreme – Supporting Safety, Labour and Process Challenges.’
Exclusive24 Sept 2024

Bonus podcast episode from Gastech 2024: ‘Solving for the Extreme – Supporting Safety, Labour and Process Challenges.’

In this special bonus episode from Gastech 2024, Mike Logue and Brandon Stambaugh from Owens Corning® join us to talk about designing insulating systems that offer solutions for extreme conditions.

SOCAR and partners sign addendum for ACG field gas exploration and production
23 Sept 20242 min read

SOCAR and partners sign addendum for ACG field gas exploration and production

The addendum is for the Azeri-Chirag fields and the deepwater portion of the Gunashli field (ACG) in the Azerbaijan sector of the Caspian Sea.

IEA, UNEP, and EDF announce comprehensive metrics to report action and measure progress by oil and gas companies on methane commitments
23 Sept 20245 min read

IEA, UNEP, and EDF announce comprehensive metrics to report action and measure progress by oil and gas companies on methane commitments

With methane emissions at near record levels, the IEA, UNEP and EDF have unveiled a new framework to report progress in reducing emissions by oil and gas companies.

Empire Petroleum announces record date for proposed rights offering
23 Sept 20242 min read

Empire Petroleum announces record date for proposed rights offering

Empire Petroleum Corporation has fixed the close of business on 30 September 2024 as the record date for a proposed subscription rights offering.

CNOOC starts production from Liuhua 11-1/4-1 oilfield project
23 Sept 20242 min read

CNOOC starts production from Liuhua 11-1/4-1 oilfield project

China National Offshore Oil Corporation (CNOOC) has announced the commencement of production at the Liuhua 11-1/4-1 oilfield secondary development project.

Saudi Arabia sees July oil exports hitting almost one-year low
23 Sept 20241 min read

Saudi Arabia sees July oil exports hitting almost one-year low

Saudi Arabia exported 5.7 million bbl/d of oil in July, the lowest level since August 2023, official data has revealed.

ConocoPhillips, Uniper sign gas supply deal extension
23 Sept 20241 min read

ConocoPhillips, Uniper sign gas supply deal extension

The US will continue to supply natural gas to North-West Europe as the region continues its decarbonisation efforts.

Cuba: Block 9 Amistad field development approved
20 Sept 20242 min read

Cuba: Block 9 Amistad field development approved

Initial development of Unit 1B formally approved and on track for 1Q25. Export of initial oil cargo on track for end of 2024.

Woodside contributes US$50 000 to Hurricane Francine relief efforts
20 Sept 20241 min read

Woodside contributes US$50 000 to Hurricane Francine relief efforts

Woodside Energy will contribute US$50 000 to the Bayou Community Foundation in support of relief efforts following Hurricane Francine.

Chesapeake's US$7.4 billion acquisition of Southwestern Energy set to conclude in 4Q24
20 Sept 20242 min read

Chesapeake's US$7.4 billion acquisition of Southwestern Energy set to conclude in 4Q24

US gas company Chesapeake Energy's acquisition of Southwestern Energy is now expected to close early in 4Q24, Reuters cited the company’s CEO Nick Dell'Osso as saying.

Understanding petroleum product supplied – a proxy for consumption
20 Sept 20245 min read

Understanding petroleum product supplied – a proxy for consumption

The US Energy Information Administration (EIA) does not directly survey petroleum consumption; instead, it calculates a similar concept called product supplied from its surveys that span the US petroleum industry. Although it uses petroleum product supplied interchangeably with petroleum consumption, the two are not identical.

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