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Rigzone.com: Production News



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



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OPEC Sends Strongest Signal Cuts Will Be Extended to End-2018

Thu, 19 Oct 2017 00:00:00 GMT

OPEC sent its strongest signal yet that output cuts will be extended until the end of 2018.



Encana Calls End to Permian Race as Focus Turns to Output

Wed, 18 Oct 2017 00:00:00 GMT

Investors will focus on how profitably companies are able to produce from their current holdings, Suttles says.



Iraq Aims To Double Kirkuk Oil Output Capacity To More Than 1 MMbpd

Tue, 17 Oct 2017 00:00:00 GMT

Iraq plans to contract a foreign oil company to almost double the oil production capacity of the northern Kirkuk fields.



Iraqi Forces Seize Oil City Kirkuk From Kurds In Bold Advance

Mon, 16 Oct 2017 00:00:00 GMT

Iraqi government forces captured the major Kurdish-held oil city of Kirkuk, responding to a Kurdish referendum on independence.



Weak Alberta Gas Prices To Hurt Producer, Provincial Revenues

Fri, 13 Oct 2017 00:00:00 GMT

Western Canadian natural gas prices have been stuck at historically weak levels since summer due to prolonged pipeline maintenance.



OPEC Is Said to See Oil Inventory Glut Finally Gone in One Year

Thu, 12 Oct 2017 00:00:00 GMT

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.



IEA: China's Crude Oil Buying Spree Looks Set To Continue

Thu, 12 Oct 2017 00:00:00 GMT

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.



BSEE: About 32.7% US Gulf Oil Output Offline Due To Hurricane Nate

Wed, 11 Oct 2017 00:00:00 GMT

About 32.7% of US Gulf of Mexico oil production is offline in the aftermath of Hurricane Nate.



OPEC Again Raises Demand Forecast For Its Oil, Points To 2018 Deficit

Wed, 11 Oct 2017 00:00:00 GMT

OPEC forecast higher demand for its oil in 2018 and said its production-cutting deal with rival producers was getting rid of a glut.



How Deep Will Saudi Cut Its Oil Output? To the Lowest Since 2015

Tue, 10 Oct 2017 00:00:00 GMT

Saudi Arabia has promised to do 'whatever it takes' to end the global oil gut.



ExxonMobil Says Julia, Hadrian South Operations Back To Normal After Nate

Tue, 10 Oct 2017 00:00:00 GMT

ExxonMobil resumes normal operations at its Julia and Hadrian South subsea production systems.



Kinder Morgan Canada Kills Request Linked to Trans Mountain Pipeline

Mon, 09 Oct 2017 00:00:00 GMT

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.



Iraq's Talks with Exxon on Southern Oilfields in Final Stages-Minister

Mon, 09 Oct 2017 00:00:00 GMT

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.



Saudi Says "Flexible" on Russian Idea to Extend Oil Cuts to End-2018

Thu, 05 Oct 2017 00:00:00 GMT

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.



Libyan Oil Output Is Set to Rebound as Biggest Field Restarts

Wed, 04 Oct 2017 00:00:00 GMT

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.



Putin Says Oil Pact With OPEC May Be Extended to End of 2018

Wed, 04 Oct 2017 00:00:00 GMT

President Vladimir Putin said Russia is open to extending a deal with OPEC to curb oil supplies to the end of 2018.



Iraq Hopes To Resume Production From Nineveh Oil Fields In Coming Months

Tue, 03 Oct 2017 00:00:00 GMT

Iraq Hopes To Resume Production From Nineveh Oil Fields In Coming Months



Engineer: Libya's Sharara Oilfield Still Shut Due To Action By Armed Brigad

Tue, 03 Oct 2017 00:00:00 GMT

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.



Libya Oil Output Drops to 5-Month Low on Biggest Field Halt

Mon, 02 Oct 2017 00:00:00 GMT

Libya's oil production slumps to a five-month low.



OPEC Oil Output Climbed in September as Libya, Nigeria Recover

Mon, 02 Oct 2017 00:00:00 GMT

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