Production News


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DNO Triples Production at Peshkabir Field
Monday, December 11, 2017 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
Friday, December 08, 2017 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
Thursday, December 07, 2017 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
Wednesday, December 06, 2017 US crude oil stockpiles fell more than expected last week as refineries hiked output.

Greece, Italy, Israel and Cyprus Back Natgas Pipeline To Europe
Tuesday, December 05, 2017 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
Monday, December 04, 2017 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
Wednesday, November 29, 2017 Iraq is planning to increase production from the giant Rumaila oilfield to about 1.5 million barrels per day (bpd) in 2018.

South China Sea Project Starts Production
Tuesday, November 28, 2017 The Weizhou 12-2 oil field phase II project, located in the Beibu Gulf in the South China Sea, commences production.




ExxonMobil's Offshore Canada Project Produces First Oil
Tuesday, November 28, 2017 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.

Total Says Brazil's Giant Libra Oil Field Produces First Oil
Monday, November 27, 2017 French oil and gas company Total says oil was flowing for the first time from the giant Libra oil field in Brazil.

Colombia's Ecopetrol To Invest Up To $4B In 2018
Wednesday, November 22, 2017 Ecopetrol will invest between $3.5 billion and $4 billion during 2018, the majority in production and exploration projects.

BLOG: Production Cut Extension at OPEC Meeting? Wouldn't Count On It
Wednesday, November 22, 2017 Rigzone readers aren't so confident that output cuts will be extended.

Norwegian Production Increases
Tuesday, November 21, 2017 Norwegian production has increased month-on-month, according to the Norwegian Petroleum Directorate's preliminary output figures for October.

Australia's FAR Expects 1.1B Barrels Of Oil From Gambian Blocks
Tuesday, November 21, 2017 FAR Ltd says an independent study of 2 of its offshore blocks in West Africa's Gambia found potential for a total of 1.1 billion barrels of oil.

Officials: BP, Eni Interested In Developing Iraq's Majnoon Oilfield
Monday, November 20, 2017 BP and Eni are among companies that have expressed an interest in developing the giant Majnoon oilfield.

NPD Grants Consent for Production Start Up of Maria Field
Friday, November 17, 2017 The Norwegian Petroleum Directorate (NPD) grants consent for the start-up of production from the Maria field in the Norwegian Sea.

IEA: US To Account For Most World Oil Output Growth Over 10 Years
Thursday, November 16, 2017 The United States is expected to account for more than 80% of global oil production growth in the next 10 years, IEA says.

Saudi Energy Minister: Too Early To Make Assessment On Oil Output Cut
Thursday, November 16, 2017 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.

About 75,000 Bpd Of Gulf Oil Output Still Shut After Shell Fire
Wednesday, November 15, 2017 A combined 75,206 barrels per day of oil and 215,122 million cubic feet per day of natural gas production are shut-in.

Eni Enters E&P Agreement for Block 52, Offshore Oman
Tuesday, November 14, 2017 Eni SpA enters into an exploration and production sharing agreement (EPSA) for Block 52, located offshore Oman.

Sudanese Oil Min Says In Talks With Foreign Firms For Oil Industry
Tuesday, November 14, 2017 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.

Iraq Aims To Increase Kirkuk Oilfield Output To 1 Million Bpd
Monday, November 13, 2017 Oil minister Jabar al-Luaibi says Iraq plans to increase production from oilfields in Kirkuk to 1 million barrels per day.

OPEC Points To Larger 2018 Oil Supply Deficit As Market Tightens
Monday, November 13, 2017 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.

Venezuelan Oil Output Heads to 29-Year Low as Cash Crunch Grows
Friday, November 10, 2017 Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most.

Santos Expects Regulator Decision On Aus Gas Project In Late 2018 At Best
Thursday, November 09, 2017 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.

Statoil Celebrates Opening of Valemon Remote Control Room
Thursday, November 09, 2017 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.

Total Primary Energy Demand to Increase by 35%
Wednesday, November 08, 2017 Energy demand is on the rise, according to the 2017 World Oil Outlook report.

Hail Oilfield Commences Production Offshore UAE
Wednesday, November 08, 2017 Production commences at the offshore Hail field.

Minister: Norway Expects 5-10 New Oil, Gas Field Development Plans in 2018
Wednesday, November 08, 2017 Oil firms will probably file between five and ten applications to develop new oil and gas fields off Norway in 2018.

Partners to Invest in New Gas Module at Troll C Platform
Tuesday, November 07, 2017 Output is set to rise from the North Sea's Fram field with new investment.

US Cuts Natgas 2017 Output Growth Forecast, Raises 2018 Outlook
Tuesday, November 07, 2017 US natural gas production growth is expected to surge in 2018, after rising more modestly in 2017, EIA says.

Kosmos Expects To Resume Drilling On Ghana's TEN Project In Early 2018
Monday, November 06, 2017 Kosmos Energy Ltd expects to resume development drilling on Ghana's multi-billion dollar TEN deepwater oil and gas project in early 2018.

Wintershall Confirms Protesters In Libya Demand Production Shutdown
Thursday, November 02, 2017 Wintershall confirms that protesters have demanded a shut down of some of the production from oilfields in its concession areas in Libya.

Indonesia's Pertamina To Spend $700MM On Mahakam Oil, Gas Block Next Year
Thursday, November 02, 2017 Pertamina plans to spend $700 million on the upkeep of its offshore Mahakam oil and gas block next year to maintain production.

Views from the Crest of LNG's Second Wave: NextDecade's Kathleen Eisbrenner
Wednesday, November 01, 2017 The second wave adds another dimension to the LNG market.

Pioneer Natural 3Q Adjusted Profit Beats Expectations
Wednesday, November 01, 2017 Pioneer Natural Resources posts a better-than-expected adjusted profit, helped by rising commodity prices.

Greek Energy Firm Inks Gas Deals With Israeli Companies
Tuesday, October 31, 2017 Greek energy firm Energean signs 3 new deals to sell natural gas from the Karish and Tanin offshore fields to Israeli companies.

OPEC Oil Output Falls In October Led By Drop In Iraqi Exports
Tuesday, October 31, 2017 OPEC oil output fell this month by 80,000 barrels per day, a Reuters survey found.

SOCO International Signs PSC for Blocks Offshore Vietnam
Monday, October 30, 2017 SOCO International plc signs a new Production Sharing Agreement (PSC) for Blocks 125 and 126 offshore central Vietnam with PetroVietnam and SOVICO Holdings.

Iraq's Kurds Resume Pumping Oil by Pipeline to Turkish Port
Monday, October 30, 2017 Oil exports resumed from Iraq's Kurdish region after halting earlier Monday.

Premier Oil Stations FPSO at Catcher Field in North Sea
Thursday, October 26, 2017 Premier Oil secures a major advance in its North Sea fortunes.

Algeria Delays Start Of Southern Touat Gas Field
Wednesday, October 25, 2017 Algeria will delay the start of the southern Touat gas field until the first quarter of 2018.

Iraq Works With Kurdish Company to Help Restart Two Oil Fields
Wednesday, October 25, 2017 Iraq's North Oil Co. is working with the Kurdish Kar Group to resume pumping at two disputed oil fields.

Novak Says Russia To Raise Oil Output If Pact Not Extended
Wednesday, October 25, 2017 Russia will increase its oil output by 3.5-4.0 million tonnes in 2018.

OPEC Said to Work on Exit Strategy Alongside Cuts Extension
Tuesday, October 24, 2017 As OPEC negotiates the extension of its oil production cuts until the end of 2018, it's also quietly started working on an exit strategy.

Equatorial Guinea Takes Steps to Stem Oil-Output Decline
Tuesday, October 24, 2017 Equatorial Guinea, OPEC's newest member, is taking steps to stem the decline in its oil production.

Ivory Coast 2017 Crude Oil Output Seen Rising Slightly To 40,000 Bpd
Monday, October 23, 2017 Average crude oil output for Ivory Coast in 2017 revised to 40,000 barrels a day, Energy and Petroleum Minister Thierry Tanoh says.

Chevron Approves New Tech Investment To Raise Output At North Sea Field
Friday, October 20, 2017 Chevron approves an investment to increase output from its Captain oilfield by using a new water-injection technology for the first time in the North Sea, the company says.

OPEC Sends Strongest Signal Cuts Will Be Extended to End-2018
Thursday, October 19, 2017 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
Wednesday, October 18, 2017 Investors will focus on how profitably companies are able to produce from their current holdings, Suttles says.

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