Shell

The technology has passed its first phase of qualification, with 84 nodes placed on the seafloor at a depth of 2,000 m to acquire 4D seismic data in the pre-salt Santos Basin.

Five agreements target more than 11 Tcf of offshore gas and include flare-reduction technology.

ExxonMobil and QatarEnergy’s MoU with Cairo to monetize Cyprus’ offshore Glaucus and Pegasus natural gas supports Egypt’s strategy to become the Eastern Mediterranean’s leading gas processing and LNG export hub.

The new technology, recently highlighted at OTC, has received a statement of maturity from ABS.

Thanks to stepout-well and tieback technologies, Shell’s Mars platform is the first single offshore platform in the US Gulf to produce 1 billion bbl of crude over its lifetime with production expected to continue into the 2040s.

INEOS Energy and Shell have partnered to invest in Gulf of Mexico exploration, while Eni reported strong productivity from its Geliga 1 discovery in Indonesia. Santos is advancing its Agogo project in Papua New Guinea, and ConocoPhillips received approval to redevelop several previously producing oil fields in Norway’s Greater Ekofisk Area.

The paper describes a project in which extremely challenging stimulations were performed in a fractured tight carbonate in a complex strike/slip stress faulting regime with high tectonic stresses.

Since the US arrested and removed Venezuelan President Nicolás Maduro on 3 January 2026, all eyes have turned toward the country’s vast oil reserves, the largest of any country. From 2005 to 2024, oil production in Venezuela fell by 70%, from 3.1 million B/D to just 0.9 million B/D. The race is on to bring production back, but aging infrastructure and expatriation pre…

New technical papers suggest advanced robotic systems may not be far away from broad adoption for a large share of offshore inspection and intervention.

Three experts were recognized with the Pioneer Award at the 2026 SPE Improved Oil Recovery Conference in Tulsa for their technological contributions to improved oil recovery.