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.
Read moreENOG 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.
Read moreBP 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
Read moreSaudis Curb Crude Supplies to Some Buyers
Supply cuts reportedly were focused on heavier grades such as Arab Medium and Arab Heavy.
Read moreBitcoin 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.
Read moreLNG Benchmark Tops $30
A shortage of LNG tankers has also boosted charter rates to a record high.
Read moreTerrorists Jeopardize Nearly $60B in SE Africa Gas Projects
Mozambique and Tanzania are strengthening their relations to fight cross-border terrorism.
Read moreIs 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.
Read morePetrobras Sets Production Record
The Brazilian state-run giant reported Thursday an all-time high for oil production.
Read moreAllseas to Remove UK Gas Platforms
The Pioneering Spirit construction vessel, above, will remove Spirit Energy platforms DP3 and DP4. PHOTO SOURCE: Spirit Energy
Read moreShale 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.
Read moreTexas 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.
Read moreOPEC 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.
Read moreMcDermott Wins Offshore Middle East Contract
Qatargas has awarded McDermott International Ltd an offshore engineering contract for its North Field South (NFS) project.
Read moreSaudi Oil Exports to US Plunge
The US didn't import any Saudi crude last week for the first time in 35 years.
Read moreQatar 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.
Read moreDelegates Say OPEC+ Strikes Deal on Supply Curbs
Saudi Arabia will take on a greater burden of oil output cuts, delegates said.
Read moreEni Unit Extends Africa FPSO Contract
Nigerian Agip Exploration has extended its contract for the Abo FPSO, pictured above. PHOTO SOURCE: BW Offshore
Read moreSaudi Arabia Advises OPEC+ Caution
The difference of opinion between the two de-facto leaders of OPEC+ could make for another tricky meeting.
Read moreEni 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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