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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/US upstream news

US upstream news

Browse the latest us upstream news news and articles.

ExxonMobil creates low carbon technology business
2 Feb 20215 min read

ExxonMobil creates low carbon technology business

ExxonMobil Low Carbon Solutions will initially focus on carbon capture and storage, and is advancing plans for more than 20 new carbon capture and storage opportunities around the world.

C-Innovation signs one-year contract extension with BP for riserless light well intervention in Gulf of Mexico
1 Feb 20212 min read

C-Innovation signs one-year contract extension with BP for riserless light well intervention in Gulf of Mexico

C-Innovation will supply and complete all project management and engineering to provide a complete RLWI system utilising technology from Baker Hughes, Caltex Oil Tools and Halliburton.

Chevron reports 4Q20 loss
29 Jan 20212 min read

Chevron reports 4Q20 loss

Chevron has announced an US$11 million 4Q20 loss.

Hess sets 2021 budget of US$1.9 billion
25 Jan 20211 min read

Hess sets 2021 budget of US$1.9 billion

Most of the company's 2021 budget will be allocated towards operations in Guyana.

Magellan and Enterprise developing joint Houston crude oil futures contract
22 Jan 20212 min read

Magellan and Enterprise developing joint Houston crude oil futures contract

Affiliates of the two companies have entered into an agreement to jointly develop a futures contract for the physical delivery of crude oil in the Houston area.

API comments on suspension of oil and gas permitting on US federal lands
22 Jan 20211 min read

API comments on suspension of oil and gas permitting on US federal lands

American Petroleum Institute President and CEO Mike Sommers has issued a statement on the Biden administration's decision to temporarily suspend oil and gas permitting on US federal lands and waters.

Oil prices fall over concerns at reported rising US oil storage levels and China adding travel restrictions
21 Jan 20212 min read

Oil prices fall over concerns at reported rising US oil storage levels and China adding travel restrictions

Oil prices have fallen today over concerns about reported rising US oil storage levels and China adding travel restrictions.

API congratulates President Biden on inauguration
21 Jan 20211 min read

API congratulates President Biden on inauguration

API has issued a statement confirming that it stands ready to work with President Joe Biden and his administration.

Oil prices up on new US era enthusiasm and crude stocks relief expectations
20 Jan 20212 min read

Oil prices up on new US era enthusiasm and crude stocks relief expectations

Oil prices have risen on enthusiasm about a new policy era in the US and on anticipation for a decline in crude inventories.

Wood Mackenzie assesses what Biden administration means for China and Asia Pacific
20 Jan 20213 min read

Wood Mackenzie assesses what Biden administration means for China and Asia Pacific

As Joe Biden’s inauguration approaches, Wood Mackenzie experts share how his administration could impact trade, climate change goals, and changes to the energy sector in Asia Pacific.

Total ends membership of API
18 Jan 20212 min read

Total ends membership of API

Total has said that API's climate positions were only "partially aligned" with its own.

EIA expects US fossil fuel production to increase through 2022
15 Jan 20212 min read

EIA expects US fossil fuel production to increase through 2022

The US Energy Information Administration expects production of all fossil fuels – crude oil, coal, dry natural gas, and natural gas plant liquids – to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.

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