Industry Trends
Article
May
Upstream electrification continues to progress apace, as it helps to provide simplification of systems, reliability of operations and cost reductions in the field, says Baker Hughes executive Rodrigo Farias.
News
May 22, 2026
A federal oil and gas lease sale covering Permian basin acreage in Texas and New Mexico generated more than $4 billion, marking the largest onshore lease auction in U.S. history as operators ramp up drilling activity amid stronger oil prices and pro-development policy shifts.
News
May 22, 2026
TotalEnergies has launched its 2026 employee share offering program, allowing employees and former employees to purchase discounted shares as part of the company’s long-term value-sharing and ownership strategy.
Article
May
In his newest column, World Oil Editor-in-Chief Kurt Abraham examines OTC 2026’s continued attendance decline, concerns over the exhibition floor and why rising U.S. oil production is strengthening America’s geopolitical leverage.
News
May 20, 2026
ADNOC and SNF are evaluating expanded enhanced oil recovery activity in the UAE, including potential polymer flooding projects and localized manufacturing of EOR chemicals.
News
May 20, 2026
Chord Energy has invested in MaverickX to support deployment of PetroX Boost, a shale production enhancement technology aimed at improving hydrocarbon recovery from unconventional wells in the Bakken and other U.S. shale basins.
News
May 01, 2026
Direct Travel has expanded its Avenir business travel platform across energy, marine and mining markets, supporting workforce mobility and complex travel logistics for global operations.
News
May 19, 2026
Tecnofink and CorrosionRADAR have partnered to introduce corrosion under insulation monitoring technology to Brazil, targeting improved asset integrity and maintenance planning across industrial and energy infrastructure.
Article
April
This year’s winners feature 17 technologies covering a wide swath of exploration, drilling and production applications.
News
May 11, 2026
Deepwater projects, LNG infrastructure and gas-to-power investments are expected to drive Africa’s next energy growth cycle, as S&P Global analysts warn the continent’s biggest challenge is no longer resource potential, but execution and infrastructure delivery.
News
May 11, 2026
The Energy Workforce & Technology Council (EWTC) reported a second consecutive month of U.S. energy services job growth in April, as companies cautiously expand hiring amid improving market conditions and ongoing geopolitical uncertainty.
News
May 08, 2026
Africa’s vast natural gas reserves are increasingly being viewed as a potential foundation for AI and data center growth, as rising digital infrastructure demand intensifies the need for reliable baseload power across the continent.
News
May 08, 2026
Welligence COO Ivan Cima says deepwater is poised for renewed growth as global exploration spending slumps. Speaking at OTC 2026, Cima highlighted ultra-deepwater trends, FPSO standardization and the growing debate around offshore electrification.
News
May 08, 2026
OTC 2026 wrapped up in Houston after four days of discussions focused on offshore growth, energy security and emerging technologies, as global supply disruptions continue to reshape industry priorities.
News
May 07, 2026
In a keynote presentation at OTC 2026 on Wednesday, May 6, non-resident Fellow of the Baker Institute at Rice University, Luis Pacheco, investigated the changes necessary to see Venezuela’s declining oil output reverse course.
News
May 05, 2026
Subsea tiebacks were a clear Day 1 theme at OTC, with speakers pointing to their growing appeal as operators prioritize lower-capex, faster-to-market offshore developments in a volatile global market.
News
May 06, 2026
At OTC in Houston, ExxonMobil’s John Ardill said the coming “demand decade” will require more upstream investment, stronger policy alignment and faster deployment of AI-driven technologies. He pointed to autonomous drilling in Guyana and the U.S. shale model as indicators of where exploration is headed.
News
May 05, 2026
SES will provide satellite connectivity for seven new FPSO units operated by Petrobras, supporting offshore developments in Brazil scheduled to come online between 2026 and 2030.
Article
April
SBM Offshore’s Group Business Development director is very enthusiastic about the market ahead for FPSO construction and operation, given the plethora of deepwater projects expected, not only in established markets like Brazil, Guyana and West Africa, but in places like Suriname, Namibia and others.
Article
April
This year’s meeting will feature discussion of U.S. energy priorities, as well as a keynote address by fossil fuel advocate Alex Epstein.
