Production News


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Venezuela Oil Output at Lowest Level Since Jan 03
Thursday, April 25, 2019 Venezuela's crude oil production is falling, according to the EIA.

US Shale Gas Swamps Market
Wednesday, April 17, 2019 Natural gas futures tumbled to the lowest in almost three years.

Bahrain Seeks US Partners for Offshore Shale Discovery
Friday, April 05, 2019 The kingdom, whose capital Manama appears above, is pursuing another oil and gas industry first.

Venezuela Oil Output Is Said to Drop by Half
Friday, April 05, 2019 Power failures that plunged Venezuela into darkness for much of March also briefly slashed the country's crude production by half, according to people familiar with the situation.

Lundin to Go Ahead with Rolvsnes EWT
Thursday, April 04, 2019 Lundin Norway agrees to proceed with an extended well test on the Rolvsnes weathered and fractured basement discovery on the Utsira High.

Aramco Reveals Steep Output Dip at Super-Giant Oil Field
Wednesday, April 03, 2019 Now the market finally knows: Ghawar in Saudi Arabia, the world's largest conventional oil field, can produce a lot less than almost anyone believed.

Shale's Growing Pains Could Curb US Oil Production
Tuesday, March 26, 2019 The dramatic ramp-up in U.S. shale production is running into a combination of issues that threaten to slow the pace of expansion.

Strike Action Set for North Sea BP Platforms
Monday, March 25, 2019 UK union Unite’s Petrofac members working on BP platforms in the North Sea have voted for industrial action.


Focus On: Political & Social Unrest
 -  Oil Ends Week with a Slump (04/26)
 -  US Ability to Offset Iran Oil Losses Has Limits (04/25)
 -  Brent Oil Rises to $75 (04/25)
 -  Oil Extends Rally (04/23)


North Sea Oil Output to Drop
Monday, March 25, 2019 Oil output in the North Sea will drop in May and June.

Alberta Increases Oil Production Limits
Wednesday, March 20, 2019 Alberta's government will allow oil producers to pump more in May and June.

Spirit Energy Brings Oda Online
Tuesday, March 19, 2019 Spirit Energy has started oil production on the Oda field almost 5 months earlier than originally planned.

UK Oil and Gas Production Rises in 2018
Tuesday, March 12, 2019 UK oil and gas production increased by more than 4 percent last year, according to a new report by the Oil and Gas Authority.

US Slashes Oil Production Forecast
Tuesday, March 12, 2019 While crude output is still expected to reach record levels, the EIA trimmed its 2019 forecast.

US to Drive Oil Supply Growth to 2024
Monday, March 11, 2019 The United States will drive global oil supply growth over the next 5 years, according to the IEA.

Permian Still Booming Despite Hurdles
Thursday, March 07, 2019 The Permian's oil pipeline network is expected to grow 60-70 percent in the next five years.

US to Export More Oil, Liquids than Saudi Arabia in 2019
Thursday, March 07, 2019 The U.S. is poised to export more oil and liquids than Saudi Arabia by year-end, according to Rystad Energy.

One Killed, Two Injured at Eni Gas Platform Offshore Ancona
Wednesday, March 06, 2019 A crane fell at the platform, killing the operator and injuring two others.

Libya's Biggest Oil Field Restarts
Tuesday, March 05, 2019 Libya's biggest oil field resumed production, adding another complication to OPEC's effort to trim a global supply glut.

Exxon, Chevron Expect Surge in Permian Production
Tuesday, March 05, 2019 ExxonMobil and Chevron both expect their Permian output to reach around 1 million barrels per day by 2024.

Lithium Recovery JV Targets Marcellus, Utica Plays
Tuesday, March 05, 2019 Lithium is getting more expensive and the United States is becoming more reliant on lithium imports, according to the U.S. Geological Survey.

Inpex Enters US Tight Oil Business
Friday, March 01, 2019 Inpex Americas reaches an agreement with GulfTex Energy to acquire 'multiple development and production assets' in the Eagle Ford play in Texas.

OPEC Output Slides Again
Friday, March 01, 2019 OPEC's crude production slumped again last month as the cartel implemented planned cutbacks in full and some members were hit by U.S. sanctions.

US Shale Operators Cut CAPEX, Up Production
Friday, March 01, 2019 Analysis from Rystad Energy reveals a boost in production and a decrease in capital spending for U.S. shale companies in 2019.

BP Starts Up 3rd Major Upstream Project in 2019
Thursday, February 28, 2019 BP Trinidad and Tobago announces first gas production from its Angelin development, located offshore Trinidad.

Exxon Boosts Reserves by 4.5B Barrels
Wednesday, February 27, 2019 Exxon Mobil Corporation added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year's production.

Oil Companies Cash in by Not Pumping in Canada
Wednesday, February 27, 2019 Alberta oil producers have found a way around production limits imposed on them by the provincial government: buy the right to pump barrels from other companies that don't need them.

Husky Energy Cites Alberta Oil Cuts for Lower 2019 Production
Tuesday, February 26, 2019 Canadian oil and gas company Husky Energy has lowered its production forecast due to the Alberta government's mandated oil cuts.

ExxonMobil Teams with Microsoft in the Permian
Friday, February 22, 2019 The oil major has partnered with Microsoft to bolster its operations in the Permian Basin.

Canada Oil Pipeline Project Clears Major Hurdle
Friday, February 22, 2019 Trans Mountain is a highly anticipated lifeline for Alberta's pipeline-starved oil producers.

Permian Oil and Gas Production to Hit New Records
Thursday, February 21, 2019 Oil and gas production in the Permian will hit new records next month, according to the EIA.

Norwegian Production Decreases
Wednesday, February 20, 2019 Norwegian output decreased from December to January, according to the Norwegian Petroleum Directorate's latest preliminary figures.

America's Shale Boom Keeps Rolling
Wednesday, February 20, 2019 America's surging shale oil production shows little sign of abating, despite industrywide spending cuts.

New Brazil Production Adds to OPEC Headache
Wednesday, February 20, 2019 A new Brazilian oil supply boom is poised to challenge OPEC's oil market balancing efforts.

China Oil Find Could Trigger Shale Drilling Surge
Tuesday, February 19, 2019 An oil discovery in a remote corner of northwestern China could trigger a surge in shale drilling.

8-Year Petrobras Contract Starts for TechnipFMC-DOF
Tuesday, February 19, 2019 A joint venture of TechnipFMC and DOF Subsea owns the new flexible lay and construction vessel.

Shell's GHG Targets Reflect Key Realization
Monday, February 18, 2019 Shell has set targets to reduce greenhouse-gas emissions from its operations and the products it sells.

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.

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