Production & Industry news

• Saudi Aramco Evacuates HQ

  22-10-2026 16:17 via Rigzone.com: Industry Headlines
  The kingdom is on alert after a flurry of attacks from Yemen's Houthis in recent weeks.
  
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• Bodies Discovered After Rig Sinks Offshore Gabon

  30-10-2026 14:50 via Rigzone.com: Industry Headlines
  'An underwater remotely operated vehicle has located the bodies of three individuals', Borr Drilling revealed.
  
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• Eni Reactivates 'Supergiant' Venezuelan Oilfield

  30-10-2026 13:34 via Rigzone.com: Production News
  
  Junin-5 restarted operations following the execution of the new license between Eni and Venezuela, under which the heavy oil field is planned to increase production to 200,000 barrels per day by 2028.
  
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• Ineos Responds to UK Budget

  30-10-2026 11:06 via Rigzone.com: Industry Headlines
  The UK's Autumn Budget was described by global chemical company Ineos as 'a major missed opportunity to save British manufacturing'.
  
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• Oil Wavers on Conflicting Reports of USA Military Moves

  29-10-2026 22:16 via Rigzone.com: Industry Headlines
  
  Oil fluctuated in a choppy session as traders weighed conflicting signals on the direction of U.S. military strategy in Iran.
  
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• What Would a Midterm Democrat Sweep Mean for USA Oil, Gas?

  29-10-2026 13:16 via Rigzone.com: Industry Headlines
  
  There's a 66 percent chance that Democrats 'sweep' the midterms, according to Polymarket's website.
  
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• OEUK Says Budget 'Missed Bigger Opportunities'

  29-10-2026 10:31 via Rigzone.com: Industry Headlines
  
  The 2026 UK Budget delivered by UK Chancellor of the Exchequer John Healy on Wednesday 'missed bigger opportunities', industry body Offshore Energies UK said.
  
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• Oil Rises with Iran Attack Report, Israeli Election in Focus

  28-10-2026 21:50 via Rigzone.com: Industry Headlines
  
  Oil rose as traders weighed whether the U.S. could resume military strikes on Iran after next week's midterms and tracked a tight Israeli election.
  
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• Trump Says High Gas Price a 'Short-Term Pain'

  28-10-2026 21:00 via Rigzone.com: Industry Headlines
  
  'Short-term pain, right, for long-term gain. You're going to see very soon', Trump said at a rally in Corpus Christi.
  
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• EI Launches Program 'to Tackle Barriers to AI Adoption'

  28-10-2026 16:12 via Rigzone.com: Industry Headlines
  
  The Energy Institute announced that it has kicked off a new industry program 'to tackle barriers to AI adoption in energy'.
  
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• Saudi Oil Exports Booming Despite Attacks

  28-10-2026 15:55 via Rigzone.com: Industry Headlines
  
  Saudi Arabia's oil exports are holding near wartime highs this month despite a wave of attacks on the kingdom's energy infrastructure, according to preliminary data from ship-tracking firms.
  
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• EQT-Range Deal Will Create $50B Gas 'Champion'

  28-10-2026 13:34 via Rigzone.com: Industry Headlines
  
  The deal will create America's 'leading natural gas company with a pro forma enterprise value over $50 billion', a joint statement outlined.
  
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• Energy on Edge Ahead of USA Midterms

  28-10-2026 12:02 via Rigzone.com: Industry Headlines
  
  Energy markets remain on edge ahead of the U.S. midterm elections, Macquarie strategists said.
  
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• Eni Awards Key Contracts for Cronos Gas Project

  28-10-2026 11:37 via Rigzone.com: Production News
  
  Eni signed the main engineering, procurement, construction and drilling contracts for Cyprus' first natural gas development, designed to supply Europe via Egypt's liquefied natural gas infrastructure.
  
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• Oil Slips as Iran Diplomacy Picks Up

  27-10-2026 22:07 via Rigzone.com: Industry Headlines
  
  Oil dipped as traders weighed moves to de-escalate tensions in the Persian Gulf and awaited the outcome of consequential elections.
  
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• ADNOC 'Unlocks' $16B in UAE Manufacturing Opportunities

  27-10-2026 16:49 via Rigzone.com: Industry Headlines
  ADNOC announced that it has 'unlock[ed]' over AED 60 billion ($16.3 billion) in UAE manufacturing opportunities and 'transform[ed]…' how suppliers access and compete for its business.
  
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• Is Something Else Influencing the Value of Oil?

  27-10-2026 13:42 via Rigzone.com: Industry Headlines
  
  'Is this simply the price of geopolitical risk or is something else influencing the value of oil?' analysts at J.P. Morgan asked.
  
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• Rig Sinks Offshore Gabon

  27-10-2026 11:41 via Rigzone.com: Industry Headlines
  
  'At the time of the incident, there were 115 personnel onboard the rig', Borr Drilling revealed.
  
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• Egypt Agrees Tax Relief for Project to Import Cyprus Gas

  27-10-2026 08:57 via Rigzone.com: Production News
  
  The Chevron-led Aphrodite consortium and the Egyptian government have agreed on a special tax regime for a project that would enable the piped export of 100 percent of production from the field offshore Cyprus to the North African country.
  
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• Oil Dips from 6 Month High as Officials Meet in Tehran

  26-10-2026 22:02 via Rigzone.com: Industry Headlines
  
  Oil retreated from a six-month high as senior officials from several countries flew to Tehran.
  
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• Pentagon's Venezuelan Oil Partner Boosts Output

  26-10-2026 21:00 via Rigzone.com: Production News
  
  Venezuela's overall oil output recently reached 1.252 million barrels a day, oil minister Hector Obregon said.
  
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• North America Adds Rigs Week on Week, BH Count Shows

  26-10-2026 16:23 via Rigzone.com: Industry Headlines
  North America added three rigs week on week, according to Baker Hughes' latest North America rotary rig count.
  
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• Gulf Oil Bargains Lure India Away from Russia

  26-10-2026 15:22 via Rigzone.com: Industry Headlines
  Indian refiners are increasingly turning to Persian Gulf crude and pulling back from their mainstay supplier Russia.
  
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• EIA Edges 2026 USA Oil Output Forecast Closer to 14MM Bpd

  26-10-2026 14:03 via Rigzone.com: Production News
  
  The U.S. Energy Information Administration further raised its U.S. crude oil production forecast for 2026 in its latest short term energy outlook.
  
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• Israeli Power Producer Launches Arbitration vs Chevron's Leviathan Partners

  26-10-2026 11:14 via Rigzone.com: Production News
  
  Dalia Energies has sought arbitration in London over a 20-year natural gas supply agreement terminated by NewMed Energy and Ratio Energies, Chevron's local partners in the offshore Leviathan field.
  
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• UK Seen More Reliant on Gas Imports This Winter

  25-10-2026 13:00 via Rigzone.com: Industry Headlines
  
  Britain is expected to rely even more heavily on natural gas imports this winter.
  
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• Brent Tops $116 as Middle East Risks Grow

  23-10-2026 22:06 via Rigzone.com: Industry Headlines
  
  Oil prices climbed as escalating attacks on Saudi Arabia heightened fears of Middle East supply disruptions.
  
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• Physical Oil Prices Drop in Mideast

  23-10-2026 22:00 via Rigzone.com: Industry Headlines
  The physical prices of some Middle East crudes sold outside the Persian Gulf have dropped.
  
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• SLB Sees Growth Driven by ME Oil Field Recovery

  23-10-2026 16:52 via Rigzone.com: Industry Headlines
  
  SLB, formerly known as Schlumberger, is seen as a bellwether for oil and gas companies.
  
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• Norway Gas Production Hits Lowest Level This Year

  23-10-2026 16:50 via Rigzone.com: Production News
  Norway produced over 10.5 billion cubic feet per day of natural gas in September, its lowest monthly figure this year, according to preliminary official data.
  
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