Production News

    Rigzone.com: Production News

    The latest oil and gas news from around the world.

  • Saudi Official Offers Sign of Less OPEC+ Cheating

    Saudi Arabia commended Iraq for implementing almost all of its oil production cuts last month.
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  • $463MM Deal to Boost Iran Oil Field Output

    Iran's Persia Oil and Gas Industry Development Co. signed a $463 million agreement with state-run National Iranian Oil Co. to operate and further develop Yaran oil field.
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  • Finalists Announced for NPD IOR Award

    The Norwegian Petroleum Directorate has announced three finalists for its 2020 improved oil recovery award.
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  • NOC Lifts Force Majeure on All Libya Exports

    The National Oil Corporation in Libya has lifted force majeure on all oil exports from the country.
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  • Angola Pledges to Fall in Line with OPEC+

    OPEC+ is another step closer to addressing the cheating that has dogged the cartel since its inception.
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  • Rystad Sees Speedy FPSO Comeback

    2021 should mark a recovery period for FPSO contract awards, Rystad Energy predicts.
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  • New Tech Could Slash North Sea Decom Costs

    North Sea nations and oil companies face costs of more than $100 billion to shut down old wells in the depleted region.
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  • Oil Sands Explorers Restoring Production

    At least 20 percent of shut-in Canadian production is being restored.
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  • Atlantic Hurricane Forecast Gets Update

    Colorado State University has raised its annual forecast to call for 20 named storms, up from its outlook issued in June calling for 19.
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  • Oil Price War Could Be on the Horizon

    Rigzone panelists offer their insights on the top oil market hits and misses for the week ending July 3, 2020.
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  • Venezuela Crude Production Falls for 6th Month

    Crude production in Venezuela tumbled for a sixth straight month in June.
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  • Work Started on Gazprom Ice Resistant Platform

    The construction of an ice resistant platform for Gazprom's Kamennomysskoye-Sea field on the Arctic shelf has begun.
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  • Offshore Norway Project to Use Pioneering Tech

    Aker BP awarded Subsea 7 a contract for the Hod Field Development Project in the North Sea. IMAGE SOURCE: Subsea 7
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  • North Sea Platform Contract Goes to Kvaerner

    Kvaerner will dismantle and recycle structures from the Valhall and Hod fields in the Norwegian North Sea. PHOTO SOURCE: Kvaerner
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  • ConocoPhillips to Ramp Up Oil Production

    ConocoPhillips said it will begin restoring curtailed oil production in July as crude prices rebound from their lockdown depths.
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  • Agile but Slow US Shale Recovery Likely

    Firmer oil prices have resulted in companies bringing back some wells they shut over April and May. However, the recovery road could be a long one this time around.
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  • Saudi Prince Talks OPEC Cuts with Nigeria President

    It's unusual for Saudi Arabia's Crown Prince, who is effectively the kingdom’s ruler, to call other leaders about OPEC matters.
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  • Offshore Norway Contract Extension Goes to Aker Solutions

    Aker Solutions reported Monday that it has won a two-year contract extension for maintenance and modifications work offshore Norway for Aker BP.
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  • US Rig Count Drops Again

    The U.S. dropped another rig last week, Baker Hughes' rotary rig count shows.
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  • Oil Market Optimism Downplays DUCs

    Check out this review of oil market hits and misses for the week ending June 26, 2020.
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