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.
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  • Apache Contract Extension Could Be Worth $100MM

    Apache Corp. has awarded Archer a four-year contract extension for platform drilling and maintenance services.
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  • Trading Exec Conveys Ominous Forecast for OPEC+

    "We do not need the extra oil," said the head of commodities trader Mercuria Energy Group.
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  • Gas 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.
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  • Morrison to Decommission Six GOM Structures

    Morrison has won a decommissioning project in the shallow waters of the Gulf of Mexico (GOM).
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  • Six Countries Form Mediterranean Gas Group

    The body will be based in Cairo and focus on "strengthening regional cooperation," according to a statement.
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  • Libya 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.
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  • Eastern 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.
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  • US GOM Production Returning After Hurricane Sally

    Oil and gas production in the U.S. Gulf of Mexico is getting closer to 100 percent.
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  • Some Producers Setting Records Despite Low Drilling Levels

    Check out this review of oil market hits and misses for the week ending Sept. 18, 2020.
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  • Wood Snags $42MM Onshore Norway Contract

    Wood executed the front-end engineering design phase last year. PHOTO SOURCE: Øyvind Sætre/Gassco
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  • Saudi 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.
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  • More US GOM Production Comes Offline

    More U.S. Gulf of Mexico oil and gas production has come offline in response to Hurricane Sally.
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  • Iraq OPEC+ Compliance Appears More Distant

    Iraq is exporting more crude so far in September than its daily average last month.
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  • UAE 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.
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  • Petrobras Eyes Its Next Buzios FPSO

    Petrobras and SBM Offshore confirmed that they have begun negotiations for the FPSO Almirante Tamandare.
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  • Friction Growing within OPEC+

    The UAE almost entirely disregarded its commitment to OPEC+ production quotas last month, according to the International Energy Agency.
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  • US GOM Production Shuts Again

    U.S. Gulf of Mexico oil and gas production has been shut-in as a response to Tropical Storm Sally.
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  • Sally Prompts GOM Platform Evacuations

    Hurricane Sally will begin hammering the US Gulf Coast with flooding rains late Monday,
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  • OPEC Downgrades Oil Market Outlook

    The figures raise questions about the group's decision to ease production cuts last month.
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