Production & Industry news

• 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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• 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 Settles Higher as US Tightens Venezuela Blockade

  22-12-2025 22:48 via rigzone.com
  Oil closed higher as US actions against Venezuelan tankers heightened geopolitical risk.
  
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• Drones Hit Piers, Ships at Russia's Taman Black Sea Port

  22-12-2025 21:00 via rigzone.com
  Russia said a drone attack damaged infrastructure and vessels in the Black Sea port of Taman.
  
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• EIA Raises 2025 USA Energy Demand Forecast

  22-12-2025 15:35 via rigzone.com
  In its latest short term energy outlook, the EIA raised its U.S. total energy consumption forecast for 2025.
  
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• USA Pursuit of 3rd Oil Tanker Intensifies Venezuela Blockade

  22-12-2025 15:10 via rigzone.com
  U.S. forces chased the U.S.-sanctioned Bella 1 on Sunday as it was en route to Venezuela.
  
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• ADNOC Signs Up To $11B Financing Deal for Hail and Ghasha

  22-12-2025 12:34 via rigzone.com
  'This financing transaction is the latest in a series of ADNOC-led pioneering infrastructure development partnerships that have been executed over the past decade', ADNOC said.
  
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• ConocoPhillips Greenlights Norway North Sea Redevelopment Project

  22-12-2025 10:22 via rigzone.com
  The three-field tieback to the Ekofisk Complex targets recoverable gas condensate resources of 90-120 million barrels of oil equivalent.
  
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• CNOOC Achieves 9th Startup in South China Sea in 2025

  22-12-2025 07:57 via rigzone.com
  The state-backed company expects to add a capacity of about 18,000 boed from the Xijiang Oilfields 24 Block Development Project in the Pearl River Mouth Basin.
  
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• EnQuest Starts Up Malaysian Gas Expansion Project

  21-12-2025 12:00 via rigzone.com
  The Seligi 1b natural gas expansion project is expected to reach its capacity of about 6,000 boed in January 2026.
  
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• Oil Posts Second Weekly Decline

  19-12-2025 22:10 via rigzone.com
  Oil declined for a second week as concerns over a growing glut outweighed geopolitical risks to supply.
  
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• Ukraine Hits Another Oil Tanker, This Time in Med

  19-12-2025 21:00 via rigzone.com
  Ukraine for the first time hit an oil tanker from Russia's shadow fleet in the Mediterranean Sea.
  
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• Dallas Fed Energy Survey Shows Oil and Gas Activity Decline

  19-12-2025 16:49 via rigzone.com
  Rigzone takes a look at the fourth quarter Dallas Fed Energy Survey.
  
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• USA House Passes SPEED Act

  19-12-2025 12:26 via rigzone.com
  The Standardizing Permitting and Expediting Economic Development (SPEED) Act has passed the U.S. House of Representatives.
  
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• German Energy Demand Seen Sliding to Historic Low

  18-12-2025 21:00 via rigzone.com
  'The German economy has been on an emotional roller-coaster ride this year', ING economist Carsten Brzeski said in a note.
  
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• Ukraine Says It Hit Another Lukoil Field

  18-12-2025 15:56 via rigzone.com
  Kyiv has been intensifying strikes on Russian energy assets.
  
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• EIA Sees 2.2 Million Barrel Per Day Glut in 2025

  18-12-2025 14:42 via rigzone.com
  World petroleum and other liquid fuels production will outweigh consumption by 2.24 million barrels per day in 2025, according to the EIA's latest short term energy outlook.
  
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• Shell Approves Waterflood Project in US Gulf

  18-12-2025 13:40 via rigzone.com
  'First injection is expected in 2028 and is anticipated to extend the production lifecycle of Ursa by several years'.
  
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• 'Landmark' Declaration of Cooperation Turns 9

  18-12-2025 10:38 via rigzone.com
  'History was made nine years ago and a new journey began', OPEC Secretary General Haitham Al Ghais said.
  
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• Var Energi Plans 20 New Projects to Sustain Norway Production

  18-12-2025 09:02 via rigzone.com
  CEO Walker said he wants to give the go-ahead to 20 projects 'over the next few years', targeting output of 350,000-400,000 barrels of oil equivalent a day through 2030 and beyond.
  
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• O'Neill Leaves Woodside to Become BP CEO

  18-12-2025 08:41 via rigzone.com
  O'Neill's takeover from Auchincloss marks the oil and gas giant's third CEO change in two years.
  
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• Crude Climbs as US Threatens Russian and Venezuelan Flows

  17-12-2025 21:56 via rigzone.com
  Crude rebounded from multi-year lows, though traders remained cautious amid surplus expectations.
  
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• EIA Raises 2025 Henry Hub Price Forecast

  17-12-2025 16:33 via rigzone.com
  In its latest short term energy outlook, the U.S. Energy Information Administration increased its Henry Hub spot price forecast for 2025.
  
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• USA Readies New Russia Sanctions If Putin Rejects Deal

  17-12-2025 12:41 via rigzone.com
  A raft of sanctions imposed on Russia since it launched its full-scale war against Ukraine in 2022 haven't changed Putin's calculus so far.
  
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• Trump Orders Blockade of Sanctioned Oil Tankers in Venezuela

  17-12-2025 12:29 via rigzone.com
  U.S. President Donald Trump ordered a blockade of sanctioned oil tankers going into and leaving Venezuela.
  
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• Oil Sinks as Oversupply Pressures Intensify

  16-12-2025 22:21 via rigzone.com
  Oil settled sharply lower as growing supply and fragile demand pushed WTI below $55 a barrel.
  
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• Russia Oil Prices Hit Lowest Since War Began

  16-12-2025 21:00 via rigzone.com
  Russian crude prices are at their lowest since the war in Ukraine began.
  
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• EIA Again Raises WTI Price Forecast for Both 2025 and 2026

  16-12-2025 16:08 via rigzone.com
  In its latest short term energy outlook, the U.S. Energy Information Administration again raised its West Texas Intermediate price forecast for both 2025 and 2026.
  
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