Production News

    Rigzone.com: Production News

    The latest oil and gas news from around the world.

  • Mexico Refuses to Cut Oil Output

    Pemex aims to nearly double drilling to 423 wells this year and accelerate development of 15 recent discoveries.
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  • Shale Cuts to Fall on Smaller Drillers as Glut Crushes Market

    US shale drillers are engaged in a bitter test of wills as sinking oil prices force the weakest operators to retreat.
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  • Who Is In and Out of OPEC++ Output Deal?

    The Organization of Petroleum Exporting Countries and its allies are set to meet by video conference at 4 p.m. Vienna time on Thursday.
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  • North American Associated Gas Output Could Fall 10 Bcfd

    IHS Markit sees big changes on the horizon for the North American natural gas supply.
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  • Gulf of Mexico Rig Crews Fight Virus to Keep Oil Flowing

    Oil wells in the Gulf of Mexico supply about 2 million barrels of oil a day, or 15 percent of US production.
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  • Parsley Says a Texas Output Cut May Not Be Enough

    CEO Matt Gallagher said he'd reduce his company's oil output by 20 percent if others agree to the same deal.
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  • Exxon's $10B in Cuts Won't Block Shale Growth

    Its production in North America's biggest shale region is still forecast to rise.
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  • Texas Wildcatters Warming to Output Limits

    Some old-guard Texas oil drillers are urging state regulators to clamp down on crude production to halt a price collapse more severe than any of them have ever lived through.
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  • Oil Edges Higher as Producers Move Toward Deal

    Oil resumed gains on signs the world's biggest producers are moving toward a deal to call off their price war and cut output as the coronavirus eviscerates energy demand around the world.
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  • Is a US-Saudi-Russia Production Cut Viable?

    It's not impossible, but it does remain unlikely, according to Fitch Solutions Country Risk and Industry Research.
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  • Trump Eyes 10MMbpd Global Oil Cut

    President Donald Trump is trying to get the world to cut oil production by 10 million barrels a day in an effort to end a market-share war that sent crude prices plunging to the lowest levels in two decades.
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  • India Subsea Project Achieves First Gas

    India's ONGC has achieved early first gas on its 98/2 Block Project in the Krishna Godavari Basin in the Bay of Bengal.
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  • 10MM bpd of Oil Output Could Vanish

    That's nearly 10 percent of 2019 total daily global oil production.
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  • Oil CEOs Back Plan to Cut Texas Output

    Two of the biggest drillers in America's largest oil-producing state have asked Texas regulators to consider a cut to crude output after a historic price crash.
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  • Johan Sverdrup to Reach Plateau Production Early

    Previously, plateau production was expected to be reached during the summer.
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  • Giant Oil Field Boost Is Bad for Market

    A torrent of oil from the giant Johan Sverdrup field may not be what the market needs right now.
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  • Oil Braces for Biggest Idling of Wells Since 1986

    Oil prices at the well-head are collapsing under the weight of an unprecedented glut.
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  • CNOOC's Productivity Hit Records in 2019

    CNOOC saw multiple operating indicators reach record levels in 2019, according to its recent year-end results.
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  • Proration Not A Remedy TXOGA Members Want

    Proration is not a remedy Texas Oil & Gas Association members are seeking.
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