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.
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  • Shale 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.
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  • No 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.
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  • US 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.
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  • Oil Market Recovery Could Be Erratic

    IHS Markit Energy Advisory Service sees pattern of "stop-and-go rallies and selling cycles."
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  • Is Rig Count a Reliable Production Gauge These Days?

    The link between oil and gas output and the rig count may have come adrift.
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  • Pipe 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.
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  • Continental to Curtail 70 Percent of Oil Output in May

    It's one of the most aggressive production cuts announced to date among US producers.
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  • 2Q 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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