Production News

    Rigzone.com: Production News

    The latest upstream oil and gas news from around the world.

  • Encana Calls End to Permian Race as Focus Turns to Output

    Investors will focus on how profitably companies are able to produce from their current holdings, Suttles says.
    Read more
  • Iraq Aims To Double Kirkuk Oil Output Capacity To More Than 1 MMbpd

    Iraq plans to contract a foreign oil company to almost double the oil production capacity of the northern Kirkuk fields.
    Read more
  • Iraqi Forces Seize Oil City Kirkuk From Kurds In Bold Advance

    Iraqi government forces captured the major Kurdish-held oil city of Kirkuk, responding to a Kurdish referendum on independence.
    Read more
  • Weak Alberta Gas Prices To Hurt Producer, Provincial Revenues

    Western Canadian natural gas prices have been stuck at historically weak levels since summer due to prolonged pipeline maintenance.
    Read more
  • OPEC Is Said to See Oil Inventory Glut Finally Gone in One Year

    OPEC expects its efforts to clear the surplus in oil inventories to finally succeed by the end of the third quarter of next year, say people familiar with the group's internal forecasts.
    Read more
  • IEA: China's Crude Oil Buying Spree Looks Set To Continue

    China has built its crude oil stockpiles at a record pace in 2017 and inventories could hit the billion-barrel mark in six months, IEA says.
    Read more
  • BSEE: About 32.7% US Gulf Oil Output Offline Due To Hurricane Nate

    About 32.7% of US Gulf of Mexico oil production is offline in the aftermath of Hurricane Nate.
    Read more
  • OPEC Again Raises Demand Forecast For Its Oil, Points To 2018 Deficit

    OPEC forecast higher demand for its oil in 2018 and said its production-cutting deal with rival producers was getting rid of a glut.
    Read more
  • How Deep Will Saudi Cut Its Oil Output? To the Lowest Since 2015

    Saudi Arabia has promised to do 'whatever it takes' to end the global oil gut.
    Read more
  • ExxonMobil Says Julia, Hadrian South Operations Back To Normal After Nate

    ExxonMobil resumes normal operations at its Julia and Hadrian South subsea production systems.
    Read more
  • Kinder Morgan Canada Kills Request Linked to Trans Mountain Pipeline

    Kinder Morgan Canada Ltd on Friday withdrew its request to install anti-fish-spawning mats in construction areas for its embattled Trans Mountain pipeline expansion.
    Read more
  • Iraq's Talks with Exxon on Southern Oilfields in Final Stages-Minister

    Iraq's talks with Exxon Mobil to develop a multi-billion-dollar project to boost output from several southern oilfields are nearing completion, oil minister Jabar al-Luaibi said on Monday.
    Read more
  • Saudi Says "Flexible" on Russian Idea to Extend Oil Cuts to End-2018

    Saudi Arabia made no firm pledge to extend a deal between OPEC, Russia and other producers on cutting supplies but said it was "flexible" regarding Moscow's suggestion to prolong the pact until the end of 2018.
    Read more
  • Libyan Oil Output Is Set to Rebound as Biggest Field Restarts

    Libya's oil output is on track to resume its recovery as the OPEC nation's biggest crude deposit started pumping after a three-day forced halt.
    Read more
  • Putin Says Oil Pact With OPEC May Be Extended to End of 2018

    President Vladimir Putin said Russia is open to extending a deal with OPEC to curb oil supplies to the end of 2018.
    Read more
  • Iraq Hopes To Resume Production From Nineveh Oil Fields In Coming Months

    Iraq Hopes To Resume Production From Nineveh Oil Fields In Coming Months
    Read more
  • Engineer: Libya's Sharara Oilfield Still Shut Due To Action By Armed Brigad

    Libya's giant Sharara oilfield remained closed on Tuesday morning, two days after an armed brigade shut it down over salary claims and other demands.
    Read more
  • Libya Oil Output Drops to 5-Month Low on Biggest Field Halt

    Libya's oil production slumps to a five-month low.
    Read more
  • OPEC Oil Output Climbed in September as Libya, Nigeria Recover

    OPEC nations pumped slightly more crude in September as Libya's biggest oil field returned to production.
    Read more