Production News
Rigzone.com: Production News
The latest oil and gas news from around the world.
Saudi Official Offers Sign of Less OPEC+ Cheating
Saudi Arabia commended Iraq for implementing almost all of its oil production cuts last month.
Read more$463MM Deal to Boost Iran Oil Field Output
Iran's Persia Oil and Gas Industry Development Co. signed a $463 million agreement with state-run National Iranian Oil Co. to operate and further develop Yaran oil field.
Read moreFinalists Announced for NPD IOR Award
The Norwegian Petroleum Directorate has announced three finalists for its 2020 improved oil recovery award.
Read moreNOC Lifts Force Majeure on All Libya Exports
The National Oil Corporation in Libya has lifted force majeure on all oil exports from the country.
Read moreAngola Pledges to Fall in Line with OPEC+
OPEC+ is another step closer to addressing the cheating that has dogged the cartel since its inception.
Read moreRystad Sees Speedy FPSO Comeback
2021 should mark a recovery period for FPSO contract awards, Rystad Energy predicts.
Read moreNew Tech Could Slash North Sea Decom Costs
North Sea nations and oil companies face costs of more than $100 billion to shut down old wells in the depleted region.
Read moreOil Sands Explorers Restoring Production
At least 20 percent of shut-in Canadian production is being restored.
Read moreAtlantic Hurricane Forecast Gets Update
Colorado State University has raised its annual forecast to call for 20 named storms, up from its outlook issued in June calling for 19.
Read moreOil Price War Could Be on the Horizon
Rigzone panelists offer their insights on the top oil market hits and misses for the week ending July 3, 2020.
Read moreVenezuela Crude Production Falls for 6th Month
Crude production in Venezuela tumbled for a sixth straight month in June.
Read moreWork Started on Gazprom Ice Resistant Platform
The construction of an ice resistant platform for Gazprom's Kamennomysskoye-Sea field on the Arctic shelf has begun.
Read moreOffshore Norway Project to Use Pioneering Tech
Aker BP awarded Subsea 7 a contract for the Hod Field Development Project in the North Sea. IMAGE SOURCE: Subsea 7
Read moreNorth Sea Platform Contract Goes to Kvaerner
Kvaerner will dismantle and recycle structures from the Valhall and Hod fields in the Norwegian North Sea. PHOTO SOURCE: Kvaerner
Read moreConocoPhillips to Ramp Up Oil Production
ConocoPhillips said it will begin restoring curtailed oil production in July as crude prices rebound from their lockdown depths.
Read moreAgile but Slow US Shale Recovery Likely
Firmer oil prices have resulted in companies bringing back some wells they shut over April and May. However, the recovery road could be a long one this time around.
Read moreSaudi Prince Talks OPEC Cuts with Nigeria President
It's unusual for Saudi Arabia's Crown Prince, who is effectively the kingdom’s ruler, to call other leaders about OPEC matters.
Read moreOffshore Norway Contract Extension Goes to Aker Solutions
Aker Solutions reported Monday that it has won a two-year contract extension for maintenance and modifications work offshore Norway for Aker BP.
Read moreUS Rig Count Drops Again
The U.S. dropped another rig last week, Baker Hughes' rotary rig count shows.
Read moreOil Market Optimism Downplays DUCs
Check out this review of oil market hits and misses for the week ending June 26, 2020.
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