Production & Industry news

• Russian Crude Output Rose Last Month

  08-11-2025 13:00 via rigzone.com
  Russia's crude oil production edged up in October.
  
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• Oil Rises but Logs Second Weekly Loss

  07-11-2025 21:48 via rigzone.com
  Oil prices rose slightly Friday but ended the week lower as traders balanced Russian sanctions against signs of global oversupply.
  
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• Gunvor Scraps Lukoil Deal

  07-11-2025 21:00 via rigzone.com
  Commodity trader Gunvor Group has withdrawn its offer for the international assets of sanctioned Russian oil producer Lukoil PJSC.
  
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• Oil Market Appears 'Torn'

  07-11-2025 16:38 via rigzone.com
  The oil market appears 'torn', Standard Chartered Bank Energy Research Head Emily Ashford outlined in a report sent to Rigzone recently.
  
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• Ship With Russia Oil Makes Rare Move Offshore India

  07-11-2025 15:51 via rigzone.com
  A tanker carrying crude from recently-sanctioned Rosneft PJSC has made a rare cargo transfer off Mumbai.
  
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• ScottishPower Will Retrain Veterans to Boost Energy Workforce

  07-11-2025 13:25 via rigzone.com
  ScottishPower announced that it has launched a new scheme to help ex-servicemen and women move into long-term careers in the energy sector.
  
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• OEUK Says UK 'Could Add Thousands of Jobs' With 'Right Policies'

  07-11-2025 11:01 via rigzone.com
  The UK 'could add thousands of jobs, retain economic value, and lead the world in energy with the right policies, collaborative action, and a focus on an integrated energy workforce', OEUK noted.
  
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• Aker BP, DNO Swap Norwegian Offshore Assets

  07-11-2025 10:09 via rigzone.com
  DNO and Aker BP signed agreements to recalibrate their exploration and production ownerships in the Norwegian continental shelf, including the Kjottkake discovery.
  
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• Petrobras Ramps Up Production at Major Oilfield

  07-11-2025 08:54 via rigzone.com
  The Brazilian state oil producer is accelerating production from the world's biggest deep-water field, helping the company raise dividends even as crude prices hover near a five-year low and the global market braces for glut.
  
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• Oil Falls as Saudi Price Cuts Signal Market Gloom

  06-11-2025 22:29 via rigzone.com
  Oil prices extended declines after Saudi Arabia slashed prices, signaling doubts about global demand and supply balance.
  
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• USA Shale Operators Defy $60 Oil to Keep Increasing Output

  06-11-2025 21:00 via rigzone.com
  U.S. shale companies are forging ahead with their production plans.
  
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• Saudis Lower Oil Prices for Asia

  06-11-2025 08:58 via rigzone.com
  Saudi Arabia lowered the price of its main oil grade to Asia for December to the lowest level in 11 months, days after OPEC+ signaled a cautious approach by pausing its supply increases for early next year.
  
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• Crude Slides Despite Strong Demand

  05-11-2025 22:14 via rigzone.com
  Oil prices fell below $60 as mixed US inventory data reinforced oversupply concerns.
  
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• Canadian Gov Signals Plans to Scrap Oil, Gas Emissions Cap

  05-11-2025 21:00 via rigzone.com
  The Canadian government signaled it plans to eventually lift the controversial cap on emissions from the oil and gas sector.
  
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• Where Did Exxon's Oil and Gas Production Come From in 3Q?

  05-11-2025 16:29 via rigzone.com
  Exxon Mobil Corporation revealed a breakdown of its oil and gas production in the third quarter of this year in its latest results statement.
  
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• OPEC+ Hit 'Pause, Not Stop', HSBC Highlights

  05-11-2025 13:14 via rigzone.com
  HSBC Senior Global Oil and Gas Analyst Kim Fustier highlighted that the OPEC+ group hit the 'pause, not stop button' at its latest meeting.
  
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• Oil Retreats on Strong Greenback

  04-11-2025 22:38 via rigzone.com
  Oil prices fell below $61 as a strong dollar and oversupply worries ended a four-session rally.
  
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• Independent Report Identifies 13B Barrel Potential in Greenland Basin

  04-11-2025 16:18 via rigzone.com
  80 Mile Plc announced that an independent petroleum reserves and resources evaluation identified '13 billion barrel potential' at Jameson Land Basin in Greenland.
  
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• SM Energy, Civitas Announce $13B 'Transformational' Combo

  04-11-2025 14:00 via rigzone.com
  'The combined company will have a premier portfolio of approximately 823,000 net acres, with the Permian position being the cornerstone,' a joint statement said.
  
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• North America Drops Rigs For 1st Time Since August

  04-11-2025 12:51 via rigzone.com
  North America dropped 16 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
  
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• Oil Holds Steady on OPEC+ Pause

  03-11-2025 21:51 via rigzone.com
  Oil prices were little changed as OPEC+ announced a pause in output hikes next quarter due to expected weaker demand.
  
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• Adnoc CEO Says AI Raises Energy Investment Needs to $4T

  03-11-2025 21:00 via rigzone.com
  The global energy industry needs annual investment of $4 trillion as the boom in data centers and artificial intelligence increases demand, according to Sultan Al Jaber.
  
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• Saipem Believes It Is Approaching 'Turning Point' in Offshore Drilling

  03-11-2025 13:22 via rigzone.com
  'We expect to see a significant ramp-up in demand from the second half of 2026 onwards', Saipem CEO and General Manager Alessandro Puliti said.
  
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• OPEC+ 8 Decide to Implement Output Adjustment

  03-11-2025 11:44 via rigzone.com
  'Like in the group's recent meetings, this round also offered a surprise', Rystad Energy's Head of Geopolitical Analysis, Jorge Leon, said.
  
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• Lukoil to Sell Assets to Gunvor Amid Sanctions

  01-11-2025 13:00 via rigzone.com
  Russian oil producer Lukoil PJSC has agreed to sell its international assets to energy trader Gunvor Group.
  
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• Oil Steadies Ahead of OPEC+ Talks

  31-10-2025 21:05 via rigzone.com
  Oil prices ended the week steady as traders anticipated another modest OPEC+ output increase.
  
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• Trump Says Carney Apologized for Ad, But Trade Talks Still On Hold

  31-10-2025 16:45 via rigzone.com
  U.S. President Donald Trump suggested that trade talks between the U.S. and Canada won't restart.
  
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• Trump Says Canada Trade Talks Won't Resume, Contradicting Energy Sec

  31-10-2025 16:45 via rigzone.com
  U.S. President Donald Trumpsuggested that trade talks between the U.S. and Canada won't restart.
  
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• Increased USA Oil, Gas Output Has Not Translated into More Jobs

  31-10-2025 11:47 via rigzone.com
  'Over the last 10 years the oil and gas industry has shed 252,000 jobs,' the IEEFA said.
  
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• Trump Skips Russian Oil in Xi Talks

  31-10-2025 10:33 via rigzone.com
  In his high-profile meeting with Chinese leader Xi Jinping on Thursday, Trump said 'we didn't really discuss the oil'.
  
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• MEG Delays Vote on $5.4B Oil Takeover Yet Again

  31-10-2025 10:16 via rigzone.com
  Canadian oil producer MEG Energy Corp. postponed a shareholder vote on a C$7.6 billion ($5.4 billion) takeover proposal by Cenovus Energy Inc. until next week.
  
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• Oil Holds Steady Ahead of OPEC+ Talks

  30-10-2025 20:45 via rigzone.com
  Oil prices were little changed as investors await clarity on Russian supply disruptions and US trade progress with China.
  
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• USA Energy Sec Says USA Is Ready to Sell More Oil, Gas to China

  30-10-2025 16:47 via rigzone.com
  Energy Secretary Chris Wright said the U.S. is prepared to sell more oil and natural gas to China if Beijing cuts back on purchases from Russia.
  
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• DOE Announces New Team Up 'to Build Largest DOE AI Supercomputer'

  30-10-2025 13:08 via rigzone.com
  'winning the AI race requires new and creative partnerships that will bring together the brightest minds and industries American technology and science has to offer', U.S. Energy Secretary Chris Wright said.
  
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• Standard Chartered Offers OPEC+ Meeting Prediction

  30-10-2025 11:47 via rigzone.com
  Emily Ashford, Head of Energy Research at Standard Chartered Bank, offered a prediction for OPEC+'s next meeting, which is scheduled to be held on November 2.
  
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• AI Frenzy Spreading Over to Caterpillar, Oil Frackers

  30-10-2025 10:38 via rigzone.com
  Caterpillar Inc., the company synonymous with yellow bulldozers and mining trucks, is getting a boost from another type of machinery.
  
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• Oil Rebounds as Stockpiles Drop

  29-10-2025 20:51 via rigzone.com
  Gains were tempered by OPEC+ output increases and cautious Fed comments on rate cuts.
  
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• Indian Oil, Vitol to Launch Trading JV in 2026

  29-10-2025 15:52 via rigzone.com
  Indian Oil Corp. plans to start a joint venture with commodities trader Vitol Inc. in Singapore to trade oil and fuel products early next year, a person familiar with the development said.
  
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• USA Upstream Mergers and Acquisitions Slump

  29-10-2025 14:01 via rigzone.com
  'Persistently low crude prices have kept many buyers on the bench', EIR said.
  
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• Oil Giants Plan Production Boost

  29-10-2025 10:01 via rigzone.com
  The world's biggest oil companies are expected to press ahead with plans to accelerate production growth when they report earnings this week.
  
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• Oil Rally Fades on Oversupply Fears

  28-10-2025 21:16 via rigzone.com
  Traders doubt the sanctions on Russia will meaningfully disrupt flows.
  
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• Energy CEOs 'Optimistic About Growth'

  28-10-2025 17:14 via rigzone.com
  'Despite inflation and regulatory headwinds, confidence among CEOs is rising', KPMG said.
  
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• Venezuela Revokes Trinidad Gas Deals Over USA Alliance

  28-10-2025 16:03 via rigzone.com
  Venezuela revoked energy deals with neighboring Trinidad and Tobago for its support of a U.S. military offensive in the Caribbean.
  
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• Why Is the USA Natural Gas Price Dropping?

  28-10-2025 14:31 via rigzone.com
  Rigzone talks to Art Hogan, Chief Market Strategist at B. Riley Wealth, and Phil Flynn, a senior market analyst at the PRICE Futures Group.
  
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• Crude Pauses After Sanction-Fueled Rally

  27-10-2025 21:25 via rigzone.com
  Progress in US and China trade talks helped limit losses as traders weighed the global supply outlook.
  
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• Petrofac's 7,300 Jobs at Risk

  27-10-2025 21:00 via rigzone.com
  UK energy services provider Petrofac Ltd has filed to enter administration.
  
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• EIA Shows Production Has Outweighed Demand All Year

  27-10-2025 17:01 via rigzone.com
  In its latest short term energy outlook, the EIA showed that world petroleum and other liquid fuels production outweighed consumption in the first, second, and third quarters of 2025.
  
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• IEA Boss Says Oil Glut Will 'Moderate' Prices After Recent Gains

  27-10-2025 15:42 via rigzone.com
  Oil prices are expected to 'moderate' because of ample supply, according to the IEA.
  
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• Oil Glut Enabled Tougher Sanctions, JPM Says

  27-10-2025 13:17 via rigzone.com
  'WTI prices falling into the $50s created an opportunity for the Trump administration to step up economic measures against Russia', J.P. Morgan analysts said.
  
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• OEUK Announces Awards Host

  27-10-2025 11:52 via rigzone.com
  The host of this year's OEUK awards ceremony has been revealed.
  
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