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

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DNO Triples Production at Peshkabir Field

Mon, 11 Dec 2017 00:00:00 GMT

Production from the Peshkabir field in the Kurdistan Region of Iraq's Tawke license has tripled to 15,000 barrels of oil per day.

Eni Can Restart Production At Arctic Goliat Oilfield -Norway Regulator

Fri, 08 Dec 2017 00:00:00 GMT

Italian oil firm Eni receives permission to restart production at its Goliat oilfield in the Arctic Barents Sea.

Brunei Oil Production to Grow Over Next 5 Years

Thu, 07 Dec 2017 00:00:00 GMT

Brunei's oil production will grow over the next 5 years, supported by output maintenance works at mature assets.

EIA: US Crude Stockpiles Slump, Gasoline Builds More Than Expected

Wed, 06 Dec 2017 00:00:00 GMT

US crude oil stockpiles fell more than expected last week as refineries hiked output.

Greece, Italy, Israel and Cyprus Back Natgas Pipeline To Europe

Tue, 05 Dec 2017 00:00:00 GMT

Italy, Greece, Cyprus and Israel agree to back the construction of a gas pipeline from newly discovered fields.

Gadfly: The Billion Barrels That Make or Break the Oil Market

Mon, 04 Dec 2017 00:00:00 GMT

There are a billion barrels of oil simultaneously buoying the market and hanging over it like a giant storm-cloud.

Iraq Aims To Raise Rumaila Oilfield Output To 1.5 MMBpd In 2018

Wed, 29 Nov 2017 00:00:00 GMT

Iraq is planning to increase production from the giant Rumaila oilfield to about 1.5 million barrels per day (bpd) in 2018.

ExxonMobil's Offshore Canada Project Produces First Oil

Tue, 28 Nov 2017 00:00:00 GMT

The Hebron oil project has produced its first oil, ExxonMobil says, in a boost to Atlantic Canada's output after years of weak crude prices.

South China Sea Project Starts Production

Tue, 28 Nov 2017 00:00:00 GMT

The Weizhou 12-2 oil field phase II project, located in the Beibu Gulf in the South China Sea, commences production.

Total Says Brazil's Giant Libra Oil Field Produces First Oil

Mon, 27 Nov 2017 00:00:00 GMT

French oil and gas company Total says oil was flowing for the first time from the giant Libra oil field in Brazil.

BLOG: Production Cut Extension at OPEC Meeting? Wouldn't Count On It

Wed, 22 Nov 2017 00:00:00 GMT

Rigzone readers aren't so confident that output cuts will be extended.

Colombia's Ecopetrol To Invest Up To $4B In 2018

Wed, 22 Nov 2017 00:00:00 GMT

Ecopetrol will invest between $3.5 billion and $4 billion during 2018, the majority in production and exploration projects.