U.S. oil output is now expected to slip to 13.37 million bpd in 2026 from about 13.42 million bpd from 2025, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday. SourceContinue Reading

Odfjell Technology and Oilfield Service Professionals (OSP) have entered a global strategic partnership aimed at enhancing operational performance, efficiency, and innovation across international oilfield markets. SourceContinue Reading

The 2025 Unconventional Resources Technology Conference (URTeC) began in Houston on Monday, June 9. In what became a clear theme for the conference, panelists discussed the possibility for unconventional resources to shine amidst a fluctuating market for oil. SourceContinue Reading

ABB has been awarded a large order by Seatrium to supply electrical equipment and automation solutions on a new generation of FPSO vessels for operator Petrobras. The two vessels—P-84 and P-85—will be deployed approximately 200 km offshore Brazil. SourceContinue Reading

Viridien has set a new seismic data acquisition standard with the launch of Sercel Accel, the industry’s first onshore drop node solution. Accel eliminates the need for nodes to be buried or planted in the field, thereby drastically reducing deployment time and labor requirements. SourceContinue Reading

ADNOC Gas has reached final investment decision (FID) and awarded $5 billion in contracts for the first phase of its Rich Gas Development (RGD) Project, marking a key milestone in the company’s largest-ever capital investment. SourceContinue Reading

Rotork, a global leader in flow control and intelligent actuation solutions, has joined the Rockwell Automation Technology Partner Program. The collaboration marks a significant step in expanding Rotork’s presence within the industrial automation landscape. SourceContinue Reading

Repsol Resources UK has awarded Halliburton a five-year contract to support the full well lifecycle on their platform assets in the UK North Sea. Halliburton will provide subsurface technology, drilling and completion services, and digital solutions for major new developments. SourceContinue Reading

TGS has announced a strategic partnership with Oseberg, a premier provider of lease and regulatory data for the energy sector. This collaboration brings Oseberg lease data attributes into TGS’ Well Data Analytics (WDA) platform for enhanced analysis. SourceContinue Reading

Subsea7 has secured a sizeable contract by Shell for a gas project offshore Trinidad and Tobago. The project involves the transportation and installation of subsea equipment at the Aphrodite development at depths of up to 290 m. SourceContinue Reading