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New Mexico Is About to Produce More Oil Than Mexico
Wednesday, December 07, 2022The gap between Mexico and New Mexico was just 74,000 barrels per day in September.
OPEC Slashes Oil Output by Most Since 2020
Friday, December 02, 2022OPEC cut crude production by the most since 2020.
Canadian Oil Giant Plans to Pump Record Crude Next Year
Thursday, December 01, 2022Canadian Natural Resources Ltd is aiming to raise production.
Case For Another Significant OPEC+ Cut is Weak
Thursday, December 01, 2022The case for another significant OPEC+ cut similar to October's is weak.
What Will OPEC+ Do Next?
Tuesday, November 29, 2022The Organization of Petroleum Exporting Countries and allies including Moscow meet this weekend to decide on output.
BP Starts Production From Cassia C Platform Off Trinidad
Tuesday, November 29, 2022BP's subsidiary BP Trinidad and Tobago has confirmed that its Cassia C development has safely delivered first gas.
OPEC+ Seen Considering Deeper Output Cuts
Tuesday, November 29, 2022OPEC and its allies are expected to consider deeper supply curbs.
IOG Restarts Saturn Banks Phase 1 Production
Monday, November 28, 2022IOG has resumed production at the Saturn Banks 1 assets following the completion of shutdown activities.
Chevron to Resume Venezuela Oil Output
Monday, November 28, 2022The Biden administration granted Chevron Corp. a license to resume oil production in Venezuela.
Deepwater Oil And Gas Production To Rise 60pct By 2030
Thursday, November 24, 2022Deepwater production is set to increase by over 60 percent between 2022 and 2030, growing from 6 to 8 percent of overall upstream production.
Gazprom May Cut Supplies Via Ukraine This Month
Thursday, November 24, 2022Supplies to Europe would be further reduced if flows via Ukraine are halted.
First French Offshore Wind Farm Fully Functional
Thursday, November 24, 2022France's first commercial-scale offshore wind project, the 480-megawatt Saint-Nazaire Offshore Wind Farm, is now fully operational.
Coro Energy Resumes Bezzecca Gas Production At Stable Rates
Wednesday, November 23, 2022Coro Energy has stabilized production rates from the Bezzecca gas field in Italy, following constrained resumption earlier in the month.
Saudis Deny Report of Talks on OPEC+ Oil Output Increase
Monday, November 21, 2022Saudi Arabia denied a report that it is discussing an oil-production increase for the OPEC+ meeting next month.
Freeport Provides LNG Restart Update
Monday, November 21, 2022Freeport LNG Development has provided an update on reconstruction works.
Magnitude 5.4 Quake Hits Texas
Friday, November 18, 2022A magnitude 5.4 earthquake occurred near the town of Mentone, Texas.
House Republicans Plan to Kill Democrat Climate Crisis Committee
Friday, November 18, 2022'The climate crisis committee will not exist'.
CNOOC Starts Production From First 3M Gas Field
Friday, November 18, 2022CNOOC has announced that the MDA Gas Field, the largest gas field within the 3M Project in Indonesia, has started production.
Speculating on Freeport's Restart Is a Loser's Game
Thursday, November 17, 2022Freeport LNG was expected to come back online this month.
Shell Starts Operations At Pennsylvania Polymers Plant
Thursday, November 17, 2022Energy supermajor Shell has started operations from its Pennsylvania Chemical project, Shell Polymers Monaca.
Military Drills in Gas-Rich Algeria Put Focus on Russian Ties
Thursday, November 17, 2022An OPEC member on the Mediterranean, Algeria has been thrust into the limelight of international diplomacy this year.
IEA Sees Russia Oil Output Nosediving
Tuesday, November 15, 2022Russia may struggle to find new markets for its oil once a European import ban kicks in.
Equinor Starts Production From World's Largest Offshore Wind Farm
Tuesday, November 15, 2022Power production from the first turbine in the Hywind Tampen floating wind farm started on November 13. The power was delivered to the Gullfaks A platform.
Eni Starts Up Production From Oil Field Onshore Algeria
Wednesday, November 09, 2022Eni announces the start-up of an oil field in the Zemlet el Arbi concession in the Berkine North Basin onshore Algeria.
US Cuts Oil Output Forecast Again As Shale Slows Down
Wednesday, November 09, 2022The US slashed its 2023 oil production forecast meaning that world crude markets can't rely on US shale fields to ramp up supply quickly enough.
Former Exxon Oil Project In Russia Ramping Up Exports
Thursday, November 03, 2022Oil exports from Sakhalin-1 are ramping up after Russia took control of the project in the nation's Far East from ExxonMobil.
Top Headlines: The USA Diesel Crisis Is Here and Spreading
Saturday, October 29, 2022Check out some of Rigzone's top stories during the last week.
Energean Produced First Gas From Karish Field Off Israel
Thursday, October 27, 2022Energean has confirmed that first gas has been safely delivered at the Karish field offshore Israel.
IEA Says it Can Tap Huge Oil Reserves If Supply Is Disrupted
Tuesday, October 25, 2022'We still have huge amount of stocks to be released in case we see supply disruptions'.
TotalEnergies Starts Production From Al Kharsaah Solar Plant
Friday, October 21, 2022The Al Kharsaah solar power plant developed by TotalEnergies, QatarEnergy, and Marubeni was inaugurated today by Sheikh Tamim bin Hamad Al Thani.
Somalia Signs Oil Production Sharing Agreement With USA Company
Friday, October 21, 2022Somalia's government signed an oil-production sharing agreement with U.S.-based Coastline Exploration Ltd.
Texas Oil Output Drops
Tuesday, October 18, 2022Crude oil production in Texas dropped month on month.
Equinor Starts Production From Peregrino C Platform
Monday, October 17, 2022A new Equinor-operated platform in Brazil, Peregrino C, produced its very first oil on October 10.
Energy Aspects Says Shale Oil Output Threatens to Peak in 2024
Friday, October 14, 2022Oil output from shale basins is at risk of peaking in just two years as drillers combat rising costs, analysts including Amrita Sen wrote in a note to clients dated Tuesday.
Neptune To Triple Production From Romerberg Oil Field
Wednesday, October 12, 2022German authorities have approved the increase of the production limit at Neptune Energy's Romerberg oil field.
Eni Starts Production Of Biorefining Oil In Kenya
Wednesday, October 12, 2022The first cargo of vegetable oil for biorefining produced by Eni in Kenya has left the port of Mombasa, on its way to Gela's biorefinery.
Plenitude Starts Up 104.5MW El Monte Wind Farm
Tuesday, October 11, 2022Eni-controlled firm Plenitude has inaugurated the 104.5 MW El Monte wind farm in Spain.
Eni Starts Production From Two Berkine South Fields In Algeria
Tuesday, October 11, 2022Eni has started production from two gas fields related to the Berkine Sud contract in Algeria just six months after the contract was awarded.
OPEC+ Cut Will Further Raise Tensions with the West
Monday, October 10, 2022'This has led to speculation that Washington may seek to further ramp-up pressure on the group, including via revival of the NOPEC bill'.
Top Headlines: Gasoline Prices May Take Another Hit and More
Saturday, October 08, 2022Check out some of Rigzone's top stories during the last week.
White House Reacts to OPEC+ Move
Thursday, October 06, 2022U.S. President Joe Biden is disappointed.
300+ Offshore Workers Back Strike Action
Thursday, October 06, 2022The prospective industrial action will hit several platforms and rigs.
OPEC+ Tries to Keep Oil Above $90 With Large Cut
Wednesday, October 05, 2022OPEC+ agreed to cut its collective output limit by 2 million barrels day.
Fitch Solutions Offers OPEC+ Prediction
Wednesday, October 05, 2022'We expect a substantial cut to be made'.
OPEC+ Cut Poses New Threat to Biden
Tuesday, October 04, 2022More than a month after tweeting he had vanquished 'Putin's price hike at the pump', Biden faces forces that even the U.S. government can't match.
OPEC+ to Consider Cut of More Than 1MM Barrels
Monday, October 03, 2022OPEC+ will consider cutting oil output by more than 1 million barrels a day, according to delegates.
BSEE Issues Final Hurricane Ian Activity Report
Thursday, September 29, 2022BSEE estimates that approximately 9.12 percent of the current oil production and 5.95 percent of the natural gas production in the Gulf of Mexico has been shut-in.
OPEC+ Discusses Cutting Oil Output
Thursday, September 29, 2022The Organization of Petroleum Exporting Countries and its allies will meet to decide November output levels on Oct. 5.
12 Gulf of Mexico Platforms Evacuated as Ian Rages On
Wednesday, September 28, 2022As of 5am EDT on September 28, Hurricane Ian had maximum sustained winds of 140 miles per hour.
QatarEnergy Selects First International Partner for NFS Expansion Project
Tuesday, September 27, 2022The NFS development comprises two LNG 'mega' trains with a combined capacity of 16 million tons per annum.