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Rigzone.com: Production News



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



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Eland: Opuama-3 Well Hits 150,000 Barrel Mark

Tue, 21 Feb 2017 00:00:00 GMT

Eland Oil & Gas plc announces that the Opuama-3 well in Nigeria's OML 40 license has produced over 150,000 barrels of oil since the company's last update on Jan. 31.



NPD: Total Proven, Unproven Resources on NCS Equals 14.3 Bcm

Tue, 21 Feb 2017 00:00:00 GMT

Total proven and unproven petroleum resources on the Norwegian continental shelf equate to 14.3 billion standard cubic meters of oil equivalents, the NPD says.



Russia's Rosneft, Libya's NOC Sign Oil Offtake Deal

Tue, 21 Feb 2017 00:00:00 GMT

Libya's National Oil Corporation (NOC) signs a crude oil offtake agreement with Russia's Rosneft as it looks to encourage foreign investment and bolster Libyan output.



Bombing Halts Pumping On Colombia's Cano-Limon Oil Pipeline

Mon, 20 Feb 2017 00:00:00 GMT

Pumping operations along Colombia's second-most important oil pipeline, the Cano-Limon Covenas, were halted due to a bomb attack.



Iraq's Oil Reserves Increase To 153 Billion Barrels, Oil Minister Says

Mon, 20 Feb 2017 00:00:00 GMT

Iraq's oil reserves increase to 153 billion barrels, from a previous estimate of 143 billion barrels, Oil Minister Jabar al-Luaibi says.



Lekoil Aims to Ramp Up Otakikpo Output to 10,000 BOPD by 2Q

Mon, 20 Feb 2017 00:00:00 GMT

Africa-focused oil and gas company Lekoil aims to ramp up production from the Otakikpo Marginal Field, located in Nigeria's OML 11, to 10,000 barrels of oil per day by the end of 2Q.



Global LNG Demand Set to Rise to 2030

Mon, 20 Feb 2017 00:00:00 GMT

Global demand for liquefied natural gas (LNG), which reached 265 million tons in 2016, is set to grow to 2030, according to a new LNG Outlook report by Royal Dutch Shell plc.



Enbridge CEO Says Canada Only Needs Two More Export Pipelines

Fri, 17 Feb 2017 00:00:00 GMT

Two new crude oil export pipelines will provide enough capacity to ship Canadian production to market until at least the mid 2020s, Enbridge CEO Al Monaco says.



Fluor to Support FEED for Woodfibre Project Near Vancouver

Fri, 17 Feb 2017 00:00:00 GMT

Fluor signs a subcontract with JGC America to provide construction-related support to the FEED services for the Woodfibre LNG project.



Iraq Plans To Acquire 'Large Fleet' Of Oil Tankers

Fri, 17 Feb 2017 00:00:00 GMT

Iraq plans to acquire a "large fleet" of oil tankers to transport the OPEC nation's crude to global markets, Oil Minister Jabar al-Luaibi says.



Kraken 2Q Start-up 'On Track'

Fri, 17 Feb 2017 00:00:00 GMT

EnQuest plc reveals that the Kraken development is progressing and the delivery of first oil in 2Q is on track.



China's 2017 Natural Gas Output To Jump To 170 Bcm

Fri, 17 Feb 2017 00:00:00 GMT

China's natural gas production will surge by about a quarter to 170 billion cubic metres (bcm) in 2017 from 136.8 bcm in 2016, estimates from the National Energy Administration show.



Ithaca Energy Starts Production from North Sea Stella Field

Fri, 17 Feb 2017 00:00:00 GMT

North Sea oil and gas operator Ithaca Energy Inc. announces the successful start-up of production from the Stella field.



Cenovus May Restart Another Two Deferred Oil Sands Projects

Thu, 16 Feb 2017 00:00:00 GMT

Cenovus Energy says it is doing engineering and design work at two of its deferred oil sands projects in northern Alberta.



UAE's ADNOC Offers April Murban Crude From S.Korea Storage In Rare Move

Thu, 16 Feb 2017 00:00:00 GMT

Abu Dhabi National Oil Company offers Murban crude to be loaded in April from its oil storage in South Korea.



Libya Sees Crude Output Rising on Better Big Oil Work Conditions

Wed, 15 Feb 2017 00:00:00 GMT

Libya's crude production exceeded 700,000 barrels a day and is due to keep rising as working conditions in the conflict-ridden country improve for international companies.



Egypt Hopes To Reach Gas Market Balance In 2018, To Export By 2020

Wed, 15 Feb 2017 00:00:00 GMT

Egypt hopes its gas market will be balanced in 2018 and expects to begin exporting gas by 2020.



Wintershall Selects Skarfjell Field Development Solution

Wed, 15 Feb 2017 00:00:00 GMT

Wintershall Norge - and its license partners Capricorn Norge AS, Bayerngas Norge AS, Edison Norge AS and DEA Norge AS - have selected a development solution for the Skarfjell field in the North Sea.



Nigeria Must Offer Work To Illegal Refiners To Reach Peace

Tue, 14 Feb 2017 00:00:00 GMT

Nigeria needs to offer work for illegal refiners in the Niger Delta to help achieve peace there, Vice President Yemi Osinbajo says.



Thai Oil Targets 2017 Refining Rate At 100-103 Pct Of Capacity

Tue, 14 Feb 2017 00:00:00 GMT

Thailand's largest oil refiner Thai Oil aims to run its refinery at 100-103% of its 275,000 barrel-per-day (bpd) capacity in 2017, and has no plans for any maintenance shutdowns.