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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/Oil & gas news

Oil & gas news

Browse the latest oil & gas news news and articles.

Petrofac given Iraq contract extension
19 Mar 20211 min read

Petrofac given Iraq contract extension

Petrofac has been the incumbent operations and maintenance service provider at the facility for eight years. The facility is one of the largest in the Gulf and handles around 55% of Iraq’s crude oil exports.

TMC Compressors to supply marine compressed air system for FPSO Anita Garibaldi
19 Mar 20211 min read

TMC Compressors to supply marine compressed air system for FPSO Anita Garibaldi

The compressed air system will consist of large capacity service and instrument air compressors with associated air dryers and filters.

Equinor and partners chose development concept for BM-C-33 project in Brazil
19 Mar 20212 min read

Equinor and partners chose development concept for BM-C-33 project in Brazil

The well streams from the BM-C-33 field, in the Campos Basin, will be sent to a FPSO located at the field. Gas and oil/condensate will both be processed at the FPSO to sales specifications and exported.

Oil prices fall further on US crude inventories and AstraZeneca vaccine doubts
18 Mar 20213 min read

Oil prices fall further on US crude inventories and AstraZeneca vaccine doubts

Oil prices fell further on Thursday as a result of continuing doubts over the AstraZeneca vaccine and a rise in US crude inventories.

INEOS Energy acquires Hess' Danish upstream subsidiary
18 Mar 20212 min read

INEOS Energy acquires Hess' Danish upstream subsidiary

As part of the deal INEOS will acquire 61.5% of the Syd Arne oilfield, currently operated by Hess, which complements the 36.8% share INEOS already holds in the field. INEOS will also acquire 4.8% of the Solsort field, which is already operated by INEOS.

AUS$50 million in grants made available to support exploration in Beetaloo Basin
18 Mar 20212 min read

AUS$50 million in grants made available to support exploration in Beetaloo Basin

The grants are part of the Australian government’s Beetaloo Strategic Basin Plan to bring gas from the Beetaloo’s resources into the market by 2025.

Forum Energy Technologies appoints Brazilian partner
18 Mar 20212 min read

Forum Energy Technologies appoints Brazilian partner

Deepsea Technologies will provide business development and engineering support on behalf of Forum Energy Technologies (FET) in Brazil, and deliver full servicing, repair, calibration, upgrades and modifications for FET ROVs and associated tooling.

Sparrows Group awarded trio of Angolan contracts
18 Mar 20212 min read

Sparrows Group awarded trio of Angolan contracts

One of the awards is a three-year renewal to continue with the planned and corrective maintenance of all lifting equipment used on four FPSO vessels in the country.

CRP Subsea to supply Helical Buoyancy technology to Maersk Drilling
18 Mar 20211 min read

CRP Subsea to supply Helical Buoyancy technology to Maersk Drilling

CRP Subsea has been awarded a contract by Maersk Drilling for the supply of low-drag VIV suppressing Helically Grooved Drill Riser Buoyancy.

Ashtead Technology and Ocean Atlantic Petroleum partnership secures contract with Total in Angola
18 Mar 20213 min read

Ashtead Technology and Ocean Atlantic Petroleum partnership secures contract with Total in Angola

Leveraging the comapnies' joint capabilities, Ashtead Technology has completed a multi-asset, Class-approved mooring inspection campaign for Total E&P Angola in the Girassol and Dalia fields, and has been awarded further work in the Pazflor and CLOV fields.

Equinor awards Heimdal and Veslefrikk decommissioning contracts
18 Mar 20213 min read

Equinor awards Heimdal and Veslefrikk decommissioning contracts

Heerema Marine Contractors Nederland SE will carry out removal, dismantling and recycling of the topsides and jackets of the Heimdal riser platform, Heimdal main platform and Veslefrikk A platform in the North Sea.

Halliburton provides Malaysian students with access to E&P software
17 Mar 20212 min read

Halliburton provides Malaysian students with access to E&P software

The three-year donation provides students at Universiti Teknologi PETRONAS access to Halliburton Landmark’s DecisionSpace® suite of exploration and production software.

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