Production News
Rigzone.com: Production News
The latest oil and gas news from around the world.
India May Peg Local Gas Price to Asia LNG
The proposal reportedly would peg the price to the popular benchmark Japan-Korea Marker.
Read moreApache Contract Extension Could Be Worth $100MM
Apache Corp. has awarded Archer a four-year contract extension for platform drilling and maintenance services.
Read moreTrading Exec Conveys Ominous Forecast for OPEC+
"We do not need the extra oil," said the head of commodities trader Mercuria Energy Group.
Read moreGas Bulls Eye Winter Rally
After benchmark US natural gas prices tumbled 22% in the past week, you could be forgiven for thinking that traders would be gloomy.
Read moreMorrison to Decommission Six GOM Structures
Morrison has won a decommissioning project in the shallow waters of the Gulf of Mexico (GOM).
Read moreSix Countries Form Mediterranean Gas Group
The body will be based in Cairo and focus on "strengthening regional cooperation," according to a statement.
Read moreLibya Edges Closer to Reopening Oil Sector
Libya moved closer to reopening its battered oil industry after the state energy firm said it would resume exports, though only from fields and ports that are free of foreign mercenaries and other fighters.
Read moreEastern South China Sea Project Comes Online
CNOOC Limited (HKG: 0883) announces that the Liuhua 16-2 oilfield/20-2 oilfield joint development project has started production.
Read moreUS GOM Production Returning After Hurricane Sally
Oil and gas production in the U.S. Gulf of Mexico is getting closer to 100 percent.
Read moreSome Producers Setting Records Despite Low Drilling Levels
Check out this review of oil market hits and misses for the week ending Sept. 18, 2020.
Read moreWood Snags $42MM Onshore Norway Contract
Wood executed the front-end engineering design phase last year. PHOTO SOURCE: Øyvind Sætre/Gassco
Read moreSaudi Prince Calls for End to OPEC+ Cheating
The Saudi energy minister gave a forceful condemnation of cartel members that try to get away with pumping too much crude.
Read moreMore US GOM Production Comes Offline
More U.S. Gulf of Mexico oil and gas production has come offline in response to Hurricane Sally.
Read moreIraq OPEC+ Compliance Appears More Distant
Iraq is exporting more crude so far in September than its daily average last month.
Read moreUAE Signals It Will Atone for Pumping Too Much
The United Arab Emirates sent a fresh signal it will make up for pumping too much oil in the past two months.
Read morePetrobras Eyes Its Next Buzios FPSO
Petrobras and SBM Offshore confirmed that they have begun negotiations for the FPSO Almirante Tamandare.
Read moreFriction Growing within OPEC+
The UAE almost entirely disregarded its commitment to OPEC+ production quotas last month, according to the International Energy Agency.
Read moreUS GOM Production Shuts Again
U.S. Gulf of Mexico oil and gas production has been shut-in as a response to Tropical Storm Sally.
Read moreSally Prompts GOM Platform Evacuations
Hurricane Sally will begin hammering the US Gulf Coast with flooding rains late Monday,
Read moreOPEC Downgrades Oil Market Outlook
The figures raise questions about the group's decision to ease production cuts last month.
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