Production News

    Rigzone.com: Production News

    The latest oil and gas news from around the world.

  • How Quickly Will US Fossil Fuel Output Rebound?

    Look back at oil and gas market hits and misses for the week ending Jan. 15, 2021.
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  • ENOG Takes Karish North FID

    Energean plc (LSE: ENOG) has announced that it has taken a Final Investment Decision on the Karish North gas development, offshore Israel.
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  • BP Awards FPSO Training Contract

    Survivex will train BP personnel in safety-critical operating procedures and processes for its GTA FPSO and hub facilities. PHOTO SOURCE: Survivex
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  • Saudis Curb Crude Supplies to Some Buyers

    Supply cuts reportedly were focused on heavier grades such as Arab Medium and Arab Heavy.
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  • Bitcoin Loses to LNG in Price Rally

    The North Asian LNG price benchmark has now risen 18-fold in less than nine months, outperforming other commodities -- even Bitcoin.
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  • LNG Benchmark Tops $30

    A shortage of LNG tankers has also boosted charter rates to a record high.
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  • Terrorists Jeopardize Nearly $60B in SE Africa Gas Projects

    Mozambique and Tanzania are strengthening their relations to fight cross-border terrorism.
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  • Is Saudi Arabia Reverting to Swing Oil Supplier?

    Here is a recap oil and gas market hits and misses for the week ending Jan. 8, 2021.
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  • Petrobras Sets Production Record

    The Brazilian state-run giant reported Thursday an all-time high for oil production.
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  • Allseas to Remove UK Gas Platforms

    The Pioneering Spirit construction vessel, above, will remove Spirit Energy platforms DP3 and DP4. PHOTO SOURCE: Spirit Energy
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  • Shale CEOs Urge Production Restraint

    The new boss of Devon Energy said he won't let this week's rally in oil prices tempt him to return to the days of rampant production growth at any cost.
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  • Texas Regulator Expects to Beat Well Inspection Target

    The Railroad Commission of Texas (RRC) reported Thursday that it is on track to exceed its goal for oil and gas well inspections this year.
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  • OPEC Production Rose Last Month

    OPEC's production rose for a third month in December as a continued cease-fire in crisis-torn Libya enabled it to restore more supplies.
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  • McDermott Wins Offshore Middle East Contract

    Qatargas has awarded McDermott International Ltd an offshore engineering contract for its North Field South (NFS) project.
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  • Saudi Oil Exports to US Plunge

    The US didn't import any Saudi crude last week for the first time in 35 years.
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  • Qatar and Four Arab States to Fully Restore Ties

    The Gulf Cooperation Council summit breakthrough ends a dispute among some major oil and gas producers that erupted in 2017.
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  • Delegates Say OPEC+ Strikes Deal on Supply Curbs

    Saudi Arabia will take on a greater burden of oil output cuts, delegates said.
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  • Eni Unit Extends Africa FPSO Contract

    Nigerian Agip Exploration has extended its contract for the Abo FPSO, pictured above. PHOTO SOURCE: BW Offshore
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  • Saudi Arabia Advises OPEC+ Caution

    The difference of opinion between the two de-facto leaders of OPEC+ could make for another tricky meeting.
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  • Eni Announces Mahani Field Start Up

    Eni (NYSE: E) has announced production start up from the Mahani field, which is located in the Sharjah Emirate's onshore concession area B.
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