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Rigzone.com: Production News



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



Copyright: Copyright 2017 Rigzone.com Inc. All rights reserved.
 



NPD Grants Consent for Production Start Up of Maria Field

Fri, 17 Nov 2017 00:00:00 GMT

The Norwegian Petroleum Directorate (NPD) grants consent for the start-up of production from the Maria field in the Norwegian Sea.



Saudi Energy Minister: Too Early To Make Assessment On Oil Output Cut

Thu, 16 Nov 2017 00:00:00 GMT

Saudi Arabia's Energy Minister Khalid al-Falih says it was too early to make an assessment on a possible extension to global oil output cuts.



IEA: US To Account For Most World Oil Output Growth Over 10 Years

Thu, 16 Nov 2017 00:00:00 GMT

The United States is expected to account for more than 80% of global oil production growth in the next 10 years, IEA says.



About 75,000 Bpd Of Gulf Oil Output Still Shut After Shell Fire

Wed, 15 Nov 2017 00:00:00 GMT

A combined 75,206 barrels per day of oil and 215,122 million cubic feet per day of natural gas production are shut-in.



Sudanese Oil Min Says In Talks With Foreign Firms For Oil Industry

Tue, 14 Nov 2017 00:00:00 GMT

Sudan has held talks with Russian oil firm Lukoil and other companies from the United States and Canada on the development of its oil industry after the lifting of U.S. sanctions.



Eni Enters E&P Agreement for Block 52, Offshore Oman

Tue, 14 Nov 2017 00:00:00 GMT

Eni SpA enters into an exploration and production sharing agreement (EPSA) for Block 52, located offshore Oman.



OPEC Points To Larger 2018 Oil Supply Deficit As Market Tightens

Mon, 13 Nov 2017 00:00:00 GMT

OPEC raises its forecast for demand for its oil in 2018 and says its deal with other producers to cut output was reducing excess oil in storage.



Iraq Aims To Increase Kirkuk Oilfield Output To 1 Million Bpd

Mon, 13 Nov 2017 00:00:00 GMT

Oil minister Jabar al-Luaibi says Iraq plans to increase production from oilfields in Kirkuk to 1 million barrels per day.



Venezuelan Oil Output Heads to 29-Year Low as Cash Crunch Grows

Fri, 10 Nov 2017 00:00:00 GMT

Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most.



Statoil Celebrates Opening of Valemon Remote Control Room

Thu, 09 Nov 2017 00:00:00 GMT

Statoil celebrates the opening of the Valemon control room at Sandsli in Bergen on Thursday, which will be used to operate the first remote controlled platform in the company's portfolio.



Santos Expects Regulator Decision On Aus Gas Project In Late 2018 At Best

Thu, 09 Nov 2017 00:00:00 GMT

Santos Ltd expects a decision from state regulators on whether to approve its long delayed Narrabri gas project in Australia in late 2018 or early 2019.



Minister: Norway Expects 5-10 New Oil, Gas Field Development Plans in 2018

Wed, 08 Nov 2017 00:00:00 GMT

Oil firms will probably file between five and ten applications to develop new oil and gas fields off Norway in 2018.



Hail Oilfield Commences Production Offshore UAE

Wed, 08 Nov 2017 00:00:00 GMT

Production commences at the offshore Hail field.



Total Primary Energy Demand to Increase by 35%

Wed, 08 Nov 2017 00:00:00 GMT

Energy demand is on the rise, according to the 2017 World Oil Outlook report.



US Cuts Natgas 2017 Output Growth Forecast, Raises 2018 Outlook

Tue, 07 Nov 2017 00:00:00 GMT

US natural gas production growth is expected to surge in 2018, after rising more modestly in 2017, EIA says.



Partners to Invest in New Gas Module at Troll C Platform

Tue, 07 Nov 2017 00:00:00 GMT

Output is set to rise from the North Sea's Fram field with new investment.



Kosmos Expects To Resume Drilling On Ghana's TEN Project In Early 2018

Mon, 06 Nov 2017 00:00:00 GMT

Kosmos Energy Ltd expects to resume development drilling on Ghana's multi-billion dollar TEN deepwater oil and gas project in early 2018.



Indonesia's Pertamina To Spend $700MM On Mahakam Oil, Gas Block Next Year

Thu, 02 Nov 2017 00:00:00 GMT

Pertamina plans to spend $700 million on the upkeep of its offshore Mahakam oil and gas block next year to maintain production.



Wintershall Confirms Protesters In Libya Demand Production Shutdown

Thu, 02 Nov 2017 00:00:00 GMT

Wintershall confirms that protesters have demanded a shut down of some of the production from oilfields in its concession areas in Libya.



Pioneer Natural 3Q Adjusted Profit Beats Expectations

Wed, 01 Nov 2017 00:00:00 GMT

Pioneer Natural Resources posts a better-than-expected adjusted profit, helped by rising commodity prices.