Production & Industry news

• CME Futures Outage Disrupts Trading

  28-11-2025 10:19 via rigzone.com
  Trading of futures and options on the Chicago Mercantile Exchange was halted by a data-center fault.
  
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• Crude Settles Higher Despite Saudi Price Cut

  04-12-2025 21:59 via rigzone.com
  Talks stalling on a Russia-Ukraine peace plan kept sanctions in place, giving oil futures support.
  
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• Saudis Cut Main Oil Price to 5-Year Low

  04-12-2025 16:35 via rigzone.com
  Saudi Arabia cut the price of its flagship crude grade to the lowest level in five years.
  
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• $5 Psychological Threshold Still a Relevant Driver for NatGas

  04-12-2025 16:11 via rigzone.com
  'The January natural gas contract traded as high as $5.039 [per MMBtu] yesterday before closing at $4.995', EBW Analytics Group Energy Analyst Eli Rubin said.
  
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• Analysts See '5-10 Years of Decent Growth' for Oil Demand

  04-12-2025 13:59 via rigzone.com
  Morningstar analysts said they believe oil demand 'still has five to 10 years of decent growth before plateauing in the early 2030s'.
  
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• Bilfinger Workers Support Strike Action

  04-12-2025 10:45 via rigzone.com
  UK union Unite announced that over 400 offshore members employed by Bilfinger UK Limited 'have supported taking strike action in an escalating dispute over pensions'.
  
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• 400+ Bilfinger Workers Support Strike Action

  04-12-2025 10:45 via rigzone.com
  UK union Unite announced that over 400 offshore members employed by Bilfinger UK Limited 'have supported taking strike action in an escalating dispute over pensions'.
  
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• Oil Closes Up as Peace Deal Falls Short

  03-12-2025 21:55 via rigzone.com
  Crude settled modestly higher after US-Russia talks failed to produce a Ukraine peace deal, keeping sanctions risks elevated.
  
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• Black Sea War Insurance Soars 250 Percent

  03-12-2025 21:00 via rigzone.com
  Insurance rates for ships calling at ports in the Black Sea are surging.
  
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• OPEC Receives Updated Compensation Plans

  03-12-2025 16:40 via rigzone.com
  A statement posted on OPEC's website this week announced that the OPEC Secretariat has received updated compensation plans from Iraq, the UAE, Kazakhstan, and Oman.
  
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• Perenco Raises Oil Production Capacity in Chad

  03-12-2025 11:24 via rigzone.com
  Perenco has increased its oil production capacity in Chad to over 18,000 bpd, coming from the Badila and Mangara fields.
  
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• OEUK Raising Awareness of New Worker Weight Limit Policy

  03-12-2025 10:25 via rigzone.com
  OEUK described the policy as 'an industry-wide initiative that has been developed following extensive engagement between OEUK, HM Coastguard, helicopter operators, and member companies'.
  
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• Crude Settles Lower on Peace Talk Jitters

  02-12-2025 22:06 via rigzone.com
  Oil futures closed down with thin liquidity amplifying selling pressure amid expectations of a looming oversupply.
  
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• EU Nearing Deal to End Russian Fossil Fuel Imports

  02-12-2025 21:00 via rigzone.com
  The European Union is closing in on a deal to phase out Russian fossil fuels.
  
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• China Shale Oil Output Outlook Improving

  02-12-2025 11:34 via rigzone.com
  In a BMI report sent to Rigzone by the Fitch Group recently, analysts at BMI, a Fitch Solutions company, said China's outlook for shale oil production is improving.
  
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• Crude Ends Higher Despite Glut Fears

  01-12-2025 21:52 via rigzone.com
  Despite a bearish outlook, geopolitical risks from Russia to Venezuela helped lift WTI and Brent into positive territory.
  
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• EIA Cuts USA Energy Demand Forecast, Still Sees Rise in 2026

  01-12-2025 16:16 via rigzone.com
  In its latest short term energy outlook, the EIA lowered its U.S. total energy consumption forecast for 2025 and 2026 but still projected an increase in demand from this year to next year.
  
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• Harbour Energy to Cut 100 UK Jobs

  01-12-2025 15:26 via rigzone.com
  Harbour Energy Plc, one of the largest independent oil and gas firms in the UK, expects to cut another 100 jobs.
  
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• North America Drops 17 Rigs Week on Week

  01-12-2025 14:22 via rigzone.com
  North America dropped 17 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
  
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• OPEC+ Reaffirms Decision to Pause Production Hikes

  01-12-2025 09:50 via rigzone.com
  Eight OPEC+ countries met virtually on November 30 'to review global market conditions and outlook', a statement posted on OPEC's site highlighted.
  
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• Carney Loses Quebec Minister After Energy Deal

  29-11-2025 13:00 via rigzone.com
  Prime Minister Mark Carney lost a cabinet minister over his oil pipeline agreement with Alberta.
  
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• Oil Notches Fourth Monthly Drop

  28-11-2025 22:08 via rigzone.com
  Oil posted a fourth monthly loss.
  
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• Ukraine Claims Hit on Russian 'Shadow Fleet' Tankers

  28-11-2025 17:16 via rigzone.com
  Ukraine's security service claimed strikes on two ocean-going tankers sanctioned for carrying Russian oil.
  
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• Two Oil Tankers Suffer Mystery Blasts While in Black Sea

  28-11-2025 17:16 via rigzone.com
  Two ocean-going tankers that are heavily sanctioned for carrying Russian oil suffered near-simultaneous blasts off Turkey's Black Sea coast.
  
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• Sanctioned Tanker at Risk of Sinking After Blast

  28-11-2025 17:16 via rigzone.com
  An oil tanker from Russia's shadow fleet reportedly hit a mine and was at risk of sinking north of Turkey's coastline, a local port agent said.
  
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• Pions Takes 'Big Step on Path Toward AEI'

  28-11-2025 16:14 via rigzone.com
  Pions, previously named eDrilling, announced that it was 'taking another big step on the path toward Artificial Engineering Intelligence (AEI)'.
  
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• EIA Ups USA Oil Output Forecast, Still Sees Dip in 2026

  28-11-2025 13:20 via rigzone.com
  In its latest short term energy outlook, the U.S. Energy Information Administration increased its U.S. crude oil production forecast for 2025 and 2026.
  
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• Commodity Futures Trading Stopped After Glitch

  28-11-2025 10:19 via rigzone.com
  Trading of futures and options on the Chicago Mercantile Exchange stopped for several hours due to a data center fault.
  
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• Ivory Coast Sees Oil and Gas Spurring Growth in Next 5 Years

  27-11-2025 16:21 via rigzone.com
  The world's top cocoa producer pumped 44,000 barrels a day in 2024, according to the government.
  
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• Trump Issues EO to Launch DOE Led Genesis Mission

  27-11-2025 16:10 via rigzone.com
  'Throughout history, from the Manhattan Project to the Apollo mission, our nation's brightest minds and industries have answered the call when their nation needed them', U.S. Energy Secretary Chris Wright said.
  
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