Production ///

Saudis pump more oil for Trump, then doubt if it's needed

Under pressure from U.S. President Donald Trump, Saudi Arabia has rushed to boost oil production -- only to discover that global markets might not yet need it.

China chasing elusive shale boom nearly a decade after hunt began

China’s shale gas industry began with a long shot.

Crude advances as Saudi Arabia dismisses oversupply speculation

Crude pushed higher after Saudi Arabia pledged not to flood world markets with oil.

LNG terminal poised to boost struggling Canadian gas producers

A LNG terminal in British Columbia will re-focus people on Canadian gas, according to the manager of $377 million in assets for Bank of Nova Scotia.

Woodside exits Sempra's Port Arthur LNG development on low returns outlook

Woodside is walking away from Sempra Energy’s Port Arthur LNG gas export development in Texas, three years after joining the project, citing lower expected returns than would justify its investment.

‘Bridge to Nowhere’ leaves pent-up Permian gas problems unsolved

A major Mexican pipeline opened this week after almost two years of delays. That’s the good news for drillers across the border who are seeking an expanded market for natural gas siphoned from the pent-up Permian basin.

ConocoPhillips reports exploration success in Alaska

ConocoPhillips has provided an update on its operating plan for Alaska, focusing on the company’s long history of creating value in the state and an ongoing commitment to invest in low cost of supply opportunities.

Kidnappings in Libya pose risk to oil-supply growth

Just as Libya resumes oil exports from recently shuttered ports, an attack on its largest field is setting back progress yet again.

Trump or cheap Iranian oil? Dilemma facing fastest growing user

The U.S. embargo on Iranian oil shipments has put Prime Minister Narendra Modi in a quandary. If he plays along, India will side with President Trump on trade, but lose cheap supplies and foreign exchange.

WoodMac: ICE announces futures contract based on Permian crude to Houston

Today, the Intercontinental Exchange Inc. (ICE), an operator of global exchanges and clearing houses for the financial and commodity markets in the U.S., announced plans to launch a new Permian West Texas Intermediate (WTI) crude oil futures contract with physical delivery in Houston.

SGS and BHGE launch cooperation on predictive corrosion management

SGS and Baker Hughes, a GE company have announced a strategic alliance agreement (SAA) for the joint deployment and commercialization of BHGE’s real-time software and sensor-based predictive corrosion management (PCM) solution.

Iraq just exported most crude oil since November 2016

Iraq exported oil at the fastest pace since late 2016 during the first half of July, indicating OPEC’s second-largest producer is pumping more after the group eased production limits.

Tullow's Kenya oil operations threatened as impasse endures

Tullow Oil Plc may shut down operations in northern Kenya in two weeks unless persistent issues with local residents, which threaten progress of the project, are resolved.

Colorado drillers fuel record oil output in rush to finish wells

Booming oil production in Colorado is fueling record output in the Niobrara basin that spans four states.

DNO announces a production increase at Peshkabir field, in Iraq's Kurdistan

DNO ASA, the Norwegian oil and gas operator, today announced a two-thirds increase in production from Peshkabir field--which is in the Tawke license, in the Kurdistan region of Iraq--to 25,000 bopd, following completion of the Peshkabir-4 well testing program.

Goldman Sachs says U.S. political policy making oil volatile

U.S. political decisions are helping make volatility the new normal in the global oil market and muddying the outlook for prices, according to Goldman Sachs Group Inc.

Oil's double slump shows market roiled by week of bearish news

The oil market just performed a screeching U-turn.

SDX Energy announces production test results for South Disouq appraisal well

SDX Energy Inc., the North Africa focused oil and gas company, has announced that a successful production test has been conducted at its SD-4X appraisal well at South Disouq, Egypt.

Iraq says oil production remains stable amid protests

Iraq is pumping oil at normal levels even as protests spread across the southern region from where OPEC’s second-biggest producer exports most of its crude, according to a government spokesman.

Libya's biggest oil field set to cut output after kidnappings

Oil output at Libya’s biggest field is set to drop by about half after authorities evacuated staff and shut wells for safety following the armed abduction of several workers at the Sharara deposit, according to the state National Oil Corp.