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.
Read moreShale 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.
Read moreWho 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.
Read moreNorth American Associated Gas Output Could Fall 10 Bcfd
IHS Markit sees big changes on the horizon for the North American natural gas supply.
Read moreGulf 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.
Read moreParsley 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.
Read moreExxon's $10B in Cuts Won't Block Shale Growth
Its production in North America's biggest shale region is still forecast to rise.
Read moreTexas 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.
Read moreOil 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.
Read moreIs 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.
Read moreTrump 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.
Read moreIndia 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.
Read more10MM bpd of Oil Output Could Vanish
That's nearly 10 percent of 2019 total daily global oil production.
Read moreOil 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.
Read moreJohan Sverdrup to Reach Plateau Production Early
Previously, plateau production was expected to be reached during the summer.
Read moreGiant 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.
Read moreOil Braces for Biggest Idling of Wells Since 1986
Oil prices at the well-head are collapsing under the weight of an unprecedented glut.
Read moreCNOOC's Productivity Hit Records in 2019
CNOOC saw multiple operating indicators reach record levels in 2019, according to its recent year-end results.
Read moreProration Not A Remedy TXOGA Members Want
Proration is not a remedy Texas Oil & Gas Association members are seeking.
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