Production News
Rigzone.com: Production News
The latest oil and gas news from around the world.
Three-year Middle East Contract Goes to Oceaneering
Oceaneering has won an asset integrity contract for onshore and offshore work from a Dubai-based operator.
Read moreShale Output Seen Tumbling to 2018 Low
Oil production from the top seven shale regions in the U.S. is set to tumble to levels not seen since 2018.
Read moreNo One Expected Shale Cuts to Happen So Fast
Drillers are laying down rigs and shutting in wells at a frantic pace in response to the plunge in oil prices caused by the coronavirus pandemic.
Read moreUS Shut-Ins Could Reach 2MMBPD in June
Gross U.S. production cuts could reach two million barrels per day in June, according to Rystad Energy.
Read moreOil Market Recovery Could Be Erratic
IHS Markit Energy Advisory Service sees pattern of "stop-and-go rallies and selling cycles."
Read more Is Rig Count a Reliable Production Gauge These Days?
The link between oil and gas output and the rig count may have come adrift.
Read morePipe Giant Says Drillers Already Reopening Wells
Some drillers in the biggest North American oil field are reopening wells shut in response to the pandemic-driven price collapse, according to pipeline giant Energy Transfer LP.
Read moreContinental to Curtail 70 Percent of Oil Output in May
It's one of the most aggressive production cuts announced to date among US producers.
Read more2Q To See Most Liquid Production Cuts Ever
The second quarter of this year will see the largest volume of liquids production cuts, including shut-in production, in the history of the oil industry, according to IHS Markit.
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