Production & Industry news

• OPEC+ Policy Shift 'Highly Significant'

  14-04-2025 11:36 via rigzone.com
  Analysts at Standard Chartered Bank noted that, in their view, 'the shift in OPEC+ policy announced on April 3 is a highly significant one'.
  
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• Tanker Carrying Russian Oil Diverts From Cuba

  27-02-2026 15:32 via rigzone.com
  A tanker believed to be carrying Russian oil to fuel-starved Cuba diverted away.
  
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• Oil Market Is Nervous for the Coming Weekend

  27-02-2026 12:37 via rigzone.com
  'The market is getting nervous for what might happen during the weekend', SEB analysts warned.
  
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• Aramco Starts Gas Production at Jafurah

  27-02-2026 09:03 via rigzone.com
  The Middle East's biggest unconventional gas field is expected to reach two billion cubic feet per day of gas sales capacity by 2030.
  
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• Oil Settles Mixed as Iran Talks Continue

  26-02-2026 21:59 via rigzone.com
  Crude prices eased despite cautious optimism surrounding ongoing talks in Geneva.
  
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• BP Goes Big on Shale Oil Drilling

  26-02-2026 21:00 via rigzone.com
  BP Plc is aggressively expanding shale drilling.
  
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• Biggest Oil Cos Need to Find 22MM Bpd by 2040

  26-02-2026 12:07 via rigzone.com
  'The main industry players can't spend their way out of the problem', Wood Mackenzie warned.
  
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• Saudi Arabia, Iran Boost Oil Exports amid Rising Mideast Tensions

  26-02-2026 09:34 via rigzone.com
  Saudi Arabia is on course to export the most crude in almost three years this month, while Iran has been rapidly filling up tankers in recent days.
  
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• Crude Volatile Ahead Of Iran Talks

  25-02-2026 22:47 via rigzone.com
  Oil prices fluctuated as traders weighed Iran risks and supply signals.
  
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• North Sea Oil Signals Weakness

  25-02-2026 21:00 via rigzone.com
  The North Sea crude market is flashing signs of weakness.
  
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• Slowing USA Shale Growth Has Fracking Companies Finding New Markets

  25-02-2026 16:47 via rigzone.com
  U.S. fracking companies are increasingly sending their idle equipment overseas.
  
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• EIA Sees USA Energy Demand Under 2025 Levels for Next 2 Years

  25-02-2026 13:23 via rigzone.com
  The U.S. Energy Information Administration projected that U.S. total energy consumption will remain below 2025 levels in both 2026 and 2027.
  
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• Oil Extends Losses on Mideast Risks

  24-02-2026 21:53 via rigzone.com
  Oil prices fell as traders reacted to renewed Iran nuclear deal speculation and geopolitical tensions.
  
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• Shale Giant Says Threat of Oil Glut Is Receding

  24-02-2026 21:00 via rigzone.com
  As recently as mid-December, the prevailing outlook among respected oil watchers was that a huge surfeit was in the making that would send crude prices tumbling.
  
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• Trump Eyes Post-State of the Union Texas Trip

  24-02-2026 15:00 via rigzone.com
  President Donald Trump will head to Texas on Friday.
  
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• Oil Market Remains Firmly in Wait and See Mode

  24-02-2026 12:13 via rigzone.com
  The oil market 'remains firmly in wait and see mode', according to SEB Commodities Analyst Ole R. Hvalbye.
  
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• Oil Resilient Amid Middle East Tensions

  23-02-2026 21:46 via rigzone.com
  Banks said the rally reflects risk premiums rather than tight physical supply.
  
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• Oil Cos Get Supreme Court Hearing on Climate Suits

  23-02-2026 21:00 via rigzone.com
  The U.S. Supreme Court agreed to hear an appeal by Exxon Mobil Corp. and Suncor Energy Inc. in an industry bid to stop dozens of city and state lawsuits that blame oil companies for climate change.
  
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• Ghana Parliament Ratifies Extension of Tullow Licenses

  23-02-2026 16:03 via rigzone.com
  Ghana's parliament ratified the extension of the West Cape Three Points and Deepwater Tano offshore licenses, which contain the producing Jubilee and TEN fields, operator Tullow said.
  
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• BP, Eni Fire Up New Field offshore Angola

  23-02-2026 12:36 via rigzone.com
  Ndungu, part of the Agogo Integrated West Hub Project in the Lower Congo Basin, has a capacity of 60,000 bpd.
  
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• Analysts Examine What Tariff Decision Means for Oil

  23-02-2026 11:47 via rigzone.com
  'The stick is now the same size for everyone', Rystad Chief Economist Claudio Galimberti warned.
  
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• Norway Gas Output Dips Month on Month

  23-02-2026 10:36 via rigzone.com
  Norway's average gas production of about 13 billion cubic feet a day last month was down 0.9 percent from December 2025 but up 4.8 percent from January 2025.
  
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• YPF Chief Readies War Chest for Shale Push

  21-02-2026 13:00 via rigzone.com
  YPF SA is setting aside funds to keep spending in the fast-growing Vaca Muerta basin even if oil prices fall this year.
  
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• Oil Holds Near Six-Month High

  20-02-2026 21:50 via rigzone.com
  Geopolitical tensions and falling inventories supported crude.
  
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• Surging Oil Tanker Rates Tipped to Go Even Higher

  20-02-2026 16:13 via rigzone.com
  The cost to hire oil supertankers could be headed for the highest levels this decade.
  
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• BOEM Proposes 3rd GOA Lease Sale

  20-02-2026 13:08 via rigzone.com
  BOEM has announced a proposed notice of sale for the third offshore oil and gas lease sale under the One Big Beautiful Bill Act.
  
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• Morningstar Predicts Likeliest Iran Outcome

  20-02-2026 12:03 via rigzone.com
  Morningstar Equity Director Joshua Aguilar reveals what the company is predicting.
  
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• Saudi Oil Catches Up as India Buyers Navigate Russia Sanctions

  20-02-2026 08:24 via rigzone.com
  India is set to import the most crude from Saudi Arabia in more than six years this month, as the South Asian nation faces sustained U.S. pressure to reduce purchases of Russian barrels.
  
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• Oil Settles At Six-Month High

  19-02-2026 21:49 via rigzone.com
  Traders priced in geopolitical risk and falling US stockpiles.
  
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• Brazos Starts Up New Gas Processing Plant in Midland Basin

  19-02-2026 16:04 via rigzone.com
  Brazos commissioned its biggest cryogenic plant, designed to process up to 300 million cubic feet a day of natural gas in the Midland sector of the Permian Basin.
  
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