Production Start Up News


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BW Energy Starts Production at Gabon Well 5 Months After Discovery
Production performance from the well has been in line with BW Energy's expectations.
8:00 PM EST | March 12, 2024
Rystad Says OPEC+ Production Rose Month on Month
According to Rystad Energy data and research, crude production in OPEC+ countries increased in February.
8:00 PM EST | March 11, 2024
Equinor Launches 531-MW Solar Plant in Brazil
The Mendubim plant will produce 1.2 terawatt-hours (TWh) of power annually.
8:00 PM EST | March 11, 2024
YPF Says Fire Sale to Free Up $800MM for Shale Oil Push
State-run YPF SA said its sweeping plan to divest aging oil fields will free up hundreds of millions of dollars to invest in its shale push in the heralded Vaca Muerta formation.
7:00 PM EST | March 07, 2024
Perenco Starts Gas Production in Ravenspurn South
The deviated well 42/30-C06 as drilled and completed with the Valaris-247 rig in a water depth of 157.5 feet.
7:00 PM EST | March 06, 2024
Conrad Asia Inks MoU with PGN for Gas Development Offshore Indonesia
Conrad will partner with PGN in the provision of gas or LNG supply and development infrastructure for gas resources from its two Aceh PSCs.
7:00 PM EST | March 05, 2024
Rystad, Macquarie Talk OPEC+ Cut Extension
Rystad Energy and Macquarie look at the latest OPEC+ developments.
7:00 PM EST | March 04, 2024
Energean Produces First Gas from Karish North
The Energean Power floating production storage and offloading unit (FPSO) now has four production wells in operation.
7:00 PM EST | March 04, 2024
Has Oil and Gas Production Been Affected by the Texas Wildfires?
In a release posted on its website on February 29, the Texas A&M Forest Service noted that the largest wildfire in Texas history was actively burning that day.
7:00 PM EST | February 29, 2024
Norway Greenlights Startup of Aker BP, ConocoPhillips Oil Projects
ConocoPhillips and Aker BP received consent from Norwegian authorities to start production in two separate oil projects in the North Sea.
7:00 PM EST | February 29, 2024
Shell Starts Production at Rydberg in US Gulf of Mexico
'Rydberg will further boost production in the Norphlet Corridor at Appomattox, which is consistently one of our highest producing assets'.
7:00 PM EST | February 26, 2024
FPSO Heads for Petrobras' Mero Field Offshore Brazil
The platform will start operating in September and has the capacity to produce up to 180,000 barrels per day (bpd) of oil.
7:00 PM EST | February 26, 2024
MCF Energy to Acquire Czech Gas Licenses
'This acquisition was driven by the opportunity to quickly start natural gas production by reopening three closed wells and using fifteen ready-to-drill sites in the NT Ridge area'.
7:00 PM EST | February 26, 2024
Pioneer Put Onstream Nearly 500 Wells in 2023
Pioneer boosted its output capacity as the Permian major works to complete its acquisition by ExxonMobil.
7:00 PM EST | February 25, 2024
Rystad Forecasts Net Production of Top Permian Producers in 2024
Rystad forecasts that the combined Diamondback Energy-Endeavor Energy company will produce 819,500 barrels of oil equivalent per day in the Permian this year.
7:00 PM EST | February 18, 2024
World Oil Supply Posts Sharp Decline in January
The IEA said 'extreme weather conditions shut in more than 900,000 barrels per day of production across North America'.
7:00 PM EST | February 18, 2024
OPEC+ Oil-Cut Laggards Pledge Compliance With Targets
Iraq and Kazakhstan pledged compliance with new OPEC+ oil targets.
7:00 PM EST | February 14, 2024
EIA Outlines Cold Weather Effect on USA Gas Production
The EIA highlighted the "cold weather across the central United States" in its latest energy outlook report.
7:00 PM EST | February 12, 2024
OPEC Report Shows Uneven Delivery of New Oil Production Cuts
OPEC+ pledged significant output curbs this quarter in a bid to avert a surplus and shore up global prices.
7:00 PM EST | February 12, 2024
Minister Says Aramco Capacity Halt Is Due to Energy Shift
'We are transitioning'.
7:00 PM EST | February 11, 2024
EIA Estimates USA Crude Oil Output Hit All Time High In December
The U.S. Energy Information Administration estimated that U.S. crude oil production reached an all-time high in December.
7:00 PM EST | February 11, 2024
TotalEnergies Starts Production at Akpo West Field in Nigeria
TotalEnergies put onstream the Akpo West field tie-back project offshore Nigeria, adding condensate and gas output capacity.
7:00 PM EST | February 11, 2024
SEB Commodity Chief Says No Chance OPEC+ Will Fold Cards Now
'It is very unlikely that Saudi/OPEC+ will cave in and switch from 'price over volume' to 'volume over price''.
7:00 PM EST | February 08, 2024
Magnitude 5.1 Earthquake Hits Oklahoma
A magnitude 5.1 earthquake occurred eight kilometers northwest of Prague, Oklahoma.
7:00 PM EST | February 05, 2024
Exxon, Chevron Ramp Up Permian Oil Growth in Threat to OPEC
Exxon Mobil Corp. and Chevron Corp. plan to aggressively ramp production from the Permian Basin this year.
7:00 PM EST | February 02, 2024
USA Crude Oil Inventories Increase
U.S. crude oil stocks, not including the SPR, stood at 421.9 million barrels on January 26, according to the EIA.
7:00 PM EST | February 01, 2024
Exxon, Chevron Surpass Forecasts as Shale Drilling Lifts Output
Exxon Mobil Corp. and Chevron Corp. surpassed earnings forecasts.
7:00 PM EST | February 01, 2024
WoodMac Says Aramco Capacity Shift Is Likely to be Absorbed by Market
'This is an astute time to abandon the 13 million barrel per day capacity target'.
7:00 PM EST | February 01, 2024
OPEC+ Nations Set to Decide on Extending Cuts in Early March
Oil prices have seen only limited gains this year.
7:00 PM EST | January 31, 2024
CLG Launches White Oil Processing Unit in China
The plant will be the world's largest white oil hydroprocessing unit.
7:00 PM EST | January 31, 2024
Falcon, Tamboran Start IP-30 Test on Beetaloo Well
Results are expected by the end of February.
7:00 PM EST | January 31, 2024
Macquarie, BofA Weigh In On Aramco Capacity Pause
'Whether this is a shorter-term pause or longer-term departure from the prior plan to increase capacity to 13 million barrels per day appears unclear'.
7:00 PM EST | January 30, 2024
Equinor Starts Up Battery Storage Asset in UK
The asset is located in Dorset and is connected to the Southern Electric Power Distribution (SEPD) network.
7:00 PM EST | January 28, 2024
Delegates Say OPEC+ Doesn't Plan Any Changes to Oil Output Policy
Oil prices have so far shown a muted response to the additional 900,000 barrel-a-day supply reduction being undertaken by the Organization of Petroleum Exporting Countries and its partners.
7:00 PM EST | January 25, 2024
Who is the Top Public Lower 48 Producer?
Enverus has released a list of the top public Lower 48 producers of the first half of 2023.
7:00 PM EST | January 18, 2024
NCS Production Licenses Rise to 62 in Latest Round
Of the 62 production licenses offered in APA 2023, 29 are located in the North Sea, 25 in the Norwegian Sea, and eight in the Barents Sea.
7:00 PM EST | January 16, 2024
India's ONGC Produces First Oil in Bay of Bengal Block
The 98/2 project is expected to boost ONGC's total oil production by 11 percent and gas production by 15 percent.
7:00 PM EST | January 08, 2024
Talos Begins Production at GOM Discoveries
The Lime Rock and Venice wells have achieved an initial combined gross production rate of over 18,500 barrels of oil equivalent per day.
7:00 PM EST | January 03, 2024
Libya's Top Oil Field Halts Production Following Protests
Libya's largest oil field halted production after protesters entered the facility, according to a person with direct knowledge of the operations.
7:00 PM EST | January 02, 2024
Mero-2 FPSO in Brazil's Santos Basin Starts Production
The Libra consortium, led by Petrobras, Shell plc, and TotalEnergies, has begun production at the FPSO Sepetiba in the Mero field, offshore the Santos Basin in Brazil.
7:00 PM EST | January 01, 2024
Russian LNG Project Starts Production Despite U.S. Sanctions
Russia's biggest liquefied natural gas producer began production at its Arctic LNG 2 project despite U.S. sanctions.
7:00 PM EST | December 27, 2023
Canacol Starts Up Gas Well in Colombia
Canacol put onstream another gas well in Colombia's Pandereta field, and expects to ramp up production this month.
7:00 PM EST | December 26, 2023
Block Energy Eyes Farm-Out of Georgia Asset
Block has designed a multi-stage appraisal and development plan that is being used to facilitate discussions with possible partners.
7:00 PM EST | December 26, 2023
China's Unconventional Gas Production Is Taking Off
Mainland China's unconventional gas production is taking off, according to BMI, a Fitch Solutions company.
7:00 PM EST | December 19, 2023
Valeura Restarts Production at Wassana Field off Thailand
The Wassana field is back onstream after being suspended due to the deviation of its FSO vessel.
7:00 PM EST | December 13, 2023
Kunnar Pasakhi Deep Field in Pakistan Restarts Production
The field is currently producing 1,600 bpd of condensate and 107 MMcfpd of sale gas.
7:00 PM EST | December 13, 2023
Perenco Launches LPG Plant in Gabon
The project's second phase aims to produce 15,000 metric tons of LPG at the Batanga facility.
7:00 PM EST | December 13, 2023
USA Oil Supply Now Exceeding High Expectations
U.S. oil supply is now 'exceeding high expectations', Macquarie strategists outlined in a report sent to Rigzone.
7:00 PM EST | December 05, 2023
BP Spuds First Well at New Platform in Azerbaijan
The company said it plans to drill the well up to a total depth of up to 10459 feet (3188 meters).
7:00 PM EST | December 05, 2023
Kuwait's Al-Zour Refinery Put into Full Production
Bringing online the third of the three mini refineries will gradually take the capacity to 615,000 bpd.
7:00 PM EST | December 03, 2023