Production & Industry news

• 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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• Data Center Plan Targets $9B in Gas-Rich Alberta

  03-01-2026 13:00 via rigzone.com
  A data center project in Alberta that's backed by European firms has the potential to be worth as much as EUR 8 billion ($9.4 billion) over the next several years, says the head of one of the companies involved.
  
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• Oil Fluctuates as Traders Weigh Surplus, Geopolitical Risks

  02-01-2026 22:15 via rigzone.com
  Oil steadied on the first trading day of 2026 as expectations for a supply surplus offset geopolitical risks to production in several OPEC+ nations.
  
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• Saipem Bags Deals Worth More Than $4B Over Festive Period

  02-01-2026 16:31 via rigzone.com
  Saipem bagged deals worth more than $4 billion over the final part of December, releases sent to Rigzone by the company from December 21 to December 31 showed.
  
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• Ships With Russian Oil Signal Reliance Plant as Destination

  02-01-2026 16:25 via rigzone.com
  At least three tankers carrying Russian crude are indicating Reliance Industries Ltd.'s plant on India's west coast as their next destination.
  
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• Oil Execs Quizzed on Capital Spending, Workforce Changes

  02-01-2026 13:59 via rigzone.com
  Oil and gas executives answered questions on capital spending and workforce changes in a special questions segment of the fourth quarter Dallas Fed Energy Survey.
  
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• OPEC Member Fires FinMin Days After Rating Cut

  02-01-2026 11:04 via rigzone.com
  Gabon's President Brice Oligui Nguema fired the nation's finance minister.
  
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• Harbour Assumes Operatorship of Zama Project offshore Mexico

  01-01-2026 11:31 via rigzone.com
  The Edinburgh-based company expects to complete engineering and design works next year, before a final investment decision.
  
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• Oil Ends Year With Steepest Loss Since 2020

  31-12-2025 22:01 via rigzone.com
  Oil finished the year sharply lower as global supply continues to outpace demand.
  
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• NNPC Plans to Develop New Oil Fields to Boost Production

  31-12-2025 21:00 via rigzone.com
  Nigeria's state-owned oil producer plans to develop new oil fields from next year and seeks to raise at least $30 billion by the end of the decade, senior officials familiar with the plans said.
  
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• Execs Predict Where Henry Hub Price Will Land in Future

  31-12-2025 16:34 via rigzone.com
  Executives from oil and gas firms have revealed where they expect the Henry Hub natural gas price to be at various points in the future in the fourth quarter Dallas Fed Energy Survey.
  
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• Energy Professionals Recognized in UK New Year Honors List

  31-12-2025 14:15 via rigzone.com
  Several energy professionals have been recognized in the 2026 New Year Honors List.
  
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• Chevron Starts Up Tieback offshore Angola

  31-12-2025 09:44 via rigzone.com
  South N'dola will supply oil and gas to domestic plants.
  
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• Oil Pauses Ahead of OPEC+ Meeting

  30-12-2025 21:57 via rigzone.com
  US stockpiles climbed sharply, reinforcing concerns that supply is outpacing demand.
  
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• Delegates Say OPEC+ Likely to Confirm Oil Production Pause

  30-12-2025 21:00 via rigzone.com
  Key members led by Saudi Arabia and Russia will hold a monthly video conference on January 4.
  
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• January NatGas Contract Lifts Off into Final Settlement

  30-12-2025 16:29 via rigzone.com
  Eli Rubin, an energy analyst at EBW Analytics Group, highlighted that the January natural gas contract 'lifted off into final settlement yesterday'.
  
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• Venezuela Starts Shutting Oil Wells

  30-12-2025 16:13 via rigzone.com
  Venezuela started shutting wells in a region that holds the world's largest deposits of oil.
  
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• Execs Predict Where WTI Oil Price Will Land in Future

  30-12-2025 13:45 via rigzone.com
  Executives from oil and gas firms have revealed where they expect the WTI crude oil price to be at various points in the future in the fourth quarter Dallas Fed Energy Survey.
  
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• 10K Offshore Workers Spending Holiday Around Britain's Coasts

  30-12-2025 11:40 via rigzone.com
  'We should never take them for granted', OEUK Chief Executive David Whitehouse said.
  
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• Aphrodite Gas Project Offshore Cyprus Reaches FEED

  30-12-2025 09:36 via rigzone.com
  Chevron, Shell and NewMed Energy sanctioned pre-construction works for the delayed Aphrodite natural gas field development offshore Cyprus.
  
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• Oil Rebounds as Ukraine Talks Hit New Snags

  29-12-2025 21:54 via rigzone.com
  Oil rebounded as stalled Ukraine peace talks and global tensions offset oversupply concerns.
  
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• Cold Snap Lifts French Power Demand to Highest Since Feb

  29-12-2025 21:00 via rigzone.com
  Freezing weather gripping France drove up power demand to the highest since February.
  
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• North America Drops 64 Rigs Week on Week

  29-12-2025 16:31 via rigzone.com
  North America dropped 64 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
  
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• Woodside Ammonia Project in Texas Holds Commissioning Tests

  29-12-2025 16:21 via rigzone.com
  The project is on track for commercial startup 'early 2026'.
  
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• Oil Stuck in Tug of War

  29-12-2025 14:10 via rigzone.com
  'Geopolitics are adding short term volatility and keeping prices supported, but persistent oversupply, rising inventories, and weakening demand signals are capping any real upside', said Naeem Aslam, Chief Market Analyst at Zaye Capital Markets.
  
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• Johan Castberg, Balder Production to Take Hit from 'Operational' Issues

  29-12-2025 09:19 via rigzone.com
  'Both the Johan Castberg and Balder fields are expected back at plateau production by the end of December'.
  
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• Oil Slides on Ukraine Deal Prospects

  26-12-2025 22:28 via rigzone.com
  Oil fell sharply as traders weighed Ukraine peace talks that could unlock more Russian supply.
  
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• Norway Gas Output Hits 11-Month High

  26-12-2025 11:03 via rigzone.com
  Last month's gas production exceeded the Norwegian upstream regulator's forecast by 2.1 percent and rose 7.3 percent from October, according to official preliminary monthly production figures.
  
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• Oil Holds Steady in Thin Christmas Eve Trade

  24-12-2025 20:33 via rigzone.com
  Oil prices were little changed in thin Christmas Eve trading as geopolitical risks offset oversupply fears.
  
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• Crude Extends Gains

  23-12-2025 22:26 via rigzone.com
  Oil rose for a fifth day as US actions against Venezuela offset signs of weak demand.
  
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