Production News


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OPEC Chief Urges Producers to Meet Cut Pledges
Wednesday, February 13, 2019 OPEC's top official urged countries in the group and its allies to follow through on their pledges to cut oil production and keep global markets balanced.

2nd Stage of BP West Nile Delta Project Starts Up
Monday, February 11, 2019 BP announces first gas production from the 2nd stage of its West Nile Delta development offshore Egypt.

Venezuela Production May Be Less than 700,000 bpd by 2020
Monday, February 11, 2019 Rystad Energy forecasts Venezuela's crude oil production to fall below 700,000 barrels per day by 2020 if the country is not able to offset effects of US sanctions.

TechnipFMC Scores Brazil Subsea Contract
Wednesday, February 06, 2019 Petrobras awarded the contract on behalf of the Libra Consortium.

Guyana May Soon Pump More Oil Than Venezuela
Tuesday, February 05, 2019 Guyana's output is poised to reach 750,000 barrels a day by 2025.

McDermott to Design Scarborough FPU for Woodside
Tuesday, February 05, 2019 The FEED contract could progress to an EPCI contract.

Offshore Brazil FPSO Starts Production
Friday, February 01, 2019 The P-67 is the seventh FPSO deployed at the Lula pre-salt field.

Supplies of Key US Import Drying Up for PDVSA
Thursday, January 31, 2019 Without crucial oil product, Venezuela may be forced to shut-in oil fields.




Onshore-Offshore Vietnam Contract Goes to Saipem
Wednesday, January 30, 2019 The 'Blue Whale' project could generate $20B for Vietnam's government.

TechnipFMC Wins North Sea Contract
Wednesday, January 30, 2019 The latest Lundin Norway contract builds upon FEED work that TechnipFMC has already performed.

GOM Subsea Contract Goes to McDermott
Monday, January 28, 2019 Stonefly to tie back to Ram Powell tension leg platform.

US Oil Production 23 Years Ahead of Schedule
Friday, January 25, 2019 A year ago, the US government saw American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year.

US Oil and Gas Production to Outpace Russia and Saudi Arabia by 2025
Friday, January 25, 2019 Recent analysis by Rystad Energy forecasts the US to exceed Russia and Saudi Arabia's combined liquid production in six years.

BP Awards Trinidad Contract to McDermott
Thursday, January 24, 2019 The new platform will be located 35 miles (57 kilometers) southeast of the island of Trinidad.

Eni Starts New Production Well Offshore Angola
Thursday, January 24, 2019 Eni has launched a new production well in the Vandumbu field offshore Angola.

CNOOC Plans to Boost Production to 2021
Wednesday, January 23, 2019 CNOOC Limited revealed Wednesday that it plans to boost production to 2021.

OPEC-Style Cut Leaves Canada Market in Dark
Wednesday, January 23, 2019 Alberta's OPEC-style oil production cut is working as planned, according to the Canadian province, but a dearth of timely crude-market data means traders don't really know what's going on.

GOM P&A Work Goes to Helix
Wednesday, January 23, 2019 The work will occur at operating depths associated with the Droshky Prospect, Helix stated.

MEG Plans to Spend Less and Boost Oil Output
Friday, January 18, 2019 MEG Energy Corp. looks to be on its own again after Husky Energy Inc. pulled its hostile bid for the Canadian oil-sands producer.

US Crude Oil Exports Continue to Grow
Thursday, January 17, 2019 The US DOI now reports that domestic crude production could surge to 14 MMbpd by 2020.

Bureau Veritas Wins Offshore Norway Contract
Thursday, January 17, 2019 Bureau Veritas will provide second- and third-party inspection services for the Fenja development.

2019 US Oil Output to Average 12MM Barrels Per Day
Wednesday, January 16, 2019 U.S. crude oil production will average 12.1 million barrels per day in 2019, according to the EIA's latest short-term energy outlook.

Largest Licensing Award on NCS
Wednesday, January 16, 2019 The Norwegian Ministry of Petroleum and Energy has offered 83 production licenses on the Norwegian Continental Shelf as part of its latest APA round.

Norway Cuts Production Forecast to Lowest in 30 Years
Thursday, January 10, 2019 Norway's oil regulator reduced its forecast for production this year.

Problems for US Producers at $50
Wednesday, January 09, 2019 U.S. producers can't generate cashflow and production growth at $50 per barrel oil, according to Energy Aspects.

GOM Subsea Contract Goes to TechnipFMC
Wednesday, January 09, 2019 BP and BHP's deepwater Atlantis field is located approximately 150 miles south of New Orleans.

Texas Oil and Gas Production Increases with Stalled Job Growth
Wednesday, January 09, 2019 A report from TIPRO shows that Texas crude oil and natural gas production in 2018 continued to rise despite job growth being flat in November.

Saudi Arabia Boosts Reserves Ahead of Aramco's IPO
Wednesday, January 09, 2019 Saudi Arabia published the first audit of its vast oil reserves since it nationalized its energy industry about 40 years ago.

BP Okays $1.3B Expansion in Gulf of Mexico
Tuesday, January 08, 2019 The supermajor has given the greenlight to the Atlantis Phase 3 development, which is expected to boost production by 38,000 boepd.

North Sea Oda Field Gets Green Light
Monday, January 07, 2019 Norwegian authorities approve the application for the start up of the Oda field in the Norwegian sector of the North Sea.

Russia's Oil Output Reaches Record Levels in 2018
Wednesday, January 02, 2019 Russia's oil production reached a post-Soviet high last year even as it coordinated supply with the Organization of Petroleum Exporting Countries.

Deepwater Nigeria Field Starts Production
Wednesday, January 02, 2019 Total reported Wednesday that it has achieved first oil from the deepwater Egina Field.

OPEC Output Falls Most in Almost 2 Years
Wednesday, January 02, 2019 Before its agreement to cut oil supplies even started, OPEC's production plunged by the most in almost two years last month.

When Do Shale Producers Stop Making Money?
Thursday, December 20, 2018 We're getting into the zone where US shale producers stop making money.

Total to Start Crude Exports From New Field Offshore Nigeria
Thursday, December 20, 2018 Total is poised to start exports of crude from a major new offshore field in Nigeria.

Offshore Egypt Project to Start New Phase
Thursday, December 20, 2018 Saipem and Petrobel have negotiated an offshore contract addendum for the 'Ramp Up to Plateau' phase of the Zohr gas field.

Permian's Growth Spurt at Risk of Being Stunted
Wednesday, December 19, 2018 The U.S.'s biggest oil field may be about to pump the brakes if crude keeps plunging.

Saudi Energy Minister Confident that OPEC+ Will Extend Cuts in 2019
Wednesday, December 19, 2018 OPEC, Russia and other oil producers will continue to trim production next year to balance the market, according to Saudi Arabian Energy Minister Khalid Al-Falih.

NCS Field Comes Online
Monday, December 17, 2018 Production has started from the Aasta Hansteen gas field in the Norwegian Sea.

Qatar Petroleum Boosts Offshore Mexico Profile
Monday, December 17, 2018 QP will gain a stake in three Eni-operated fields in Mexico's shallow-water Area 1.

ExxonMobil and BHP Greenlight Offshore Australia Project
Thursday, December 13, 2018 The project will develop one of the largest remaining sweet gas reservoirs in Australia's Bass Strait through a two-well brownfield tieback.

Alberta's Output-Cut May Be Working Too Well
Wednesday, December 12, 2018 Alberta's plan to boost crude prices through mandatory production cuts is working a little too well.

EIA Says US Domestic Oil Production Rising Despite Lower Prices
Tuesday, December 11, 2018 The US government left its forecast for domestic crude production unchanged for 2019.

Offshore Angola Field Achieves First Oil
Monday, December 10, 2018 Eni starts oil production from the Vandumbu field in Block 15/06 offshore Angola.

Equinor Gets Green Light for Troll Phase 3
Friday, December 07, 2018 The Norwegian ministry of petroleum and energy approves the plan for development and operation for the Troll Phase 3 project.

Apache Brings North Sea Garten Field Online
Wednesday, December 05, 2018 Apache Corporation initiates production from its Garten development in the UK sector of the North Sea.

OPEC Expected to Cut Oil Output
Wednesday, November 28, 2018 OPEC and its allies will announce production cuts to check a slump in oil prices when they meet next week, according to a Bloomberg survey.

Pemex Triples Estimate for 'Most Important Onshore Field in 25 Years'
Wednesday, November 28, 2018 Pemex has more than tripled its estimated reserves in its Ixachi field.

Saudi Responds to Trump with Record Output
Monday, November 26, 2018 Saudi Arabia is pumping more crude than at any time since its first barrel was extracted 80 years ago, responding to pressure from US President Trump.

Clair Ridge Comes Online
Friday, November 23, 2018 BP announces first oil production from the Clair Ridge project in the West of Shetland region offshore UK.

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