Industry Trends
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.
Article
April
World Oil contributing editor Mark Patton questions the narrative around CO₂, arguing climate models may be oversimplified and overlooking key natural processes shaping emissions and atmospheric balance.
News
April 28, 2026
SLB has introduced AlphaSight to expand real-time subsurface insight, supporting more accurate geosteering and reservoir navigation.
News
April 28, 2026
Odfjell Technology and ANT are partnering to deploy an advanced erosion tool for rigless P&A operations, targeting Southeast Asia’s growing well abandonment backlog.
News
April 22, 2026
Empowering Pumps & Equipment and Gulf Energy Information partner to launch an event focused on operators and engineers working with flow systems across oil and gas, refining, petrochemical, and water.
News
April 21, 2026
Nearly half of oil and gas assets in the Gulf are operating beyond design life, as Strait of Hormuz disruptions intensify pressure on aging infrastructure, according to new IGS research.
News
April 21, 2026
Halliburton says its global operations are holding up despite Iran-driven disruption in the Middle East, while early signs of a North America rebound point to a shifting upstream outlook.
Article
April
Editor-in-Chief Kurt Abraham weighs in on the Trump administration’s push to streamline offshore regulation, arguing the move could reduce bureaucracy and support U.S. development—while broader industry signals point to cautious optimism amid ongoing global uncertainty.
News
April 17, 2026
Texas upstream employment slipped early this year, but hiring demand remains strong, with more than 8,500 job postings in February, according to TIPRO.
News
April 14, 2026
Equinor has sold an 8% stake in Scatec for approximately NOK 1.6 billion, reducing its shareholding while maintaining renewable energy partnerships in Brazil.
News
April 14, 2026
bp CEO Meg O’Neill is restructuring the company to simplify operations and return to a traditional upstream and downstream model, as the company seeks to improve performance.
News
April 10, 2026
INNIO and Rehlko have signed a 1.25-GW gas engine supply agreement to support growing demand from data centers and flexible power generation projects across global markets.
News
April 08, 2026
U.S. oilfield services employment rose to 627,018 jobs in March, gaining 1,877 positions month over month, as energy service companies cautiously increase hiring amid improving market conditions.
