[sql] Oracle SQL update based on subquery between two tables

There are two ways to do what you are trying

One is a Multi-column Correlated Update

UPDATE PRODUCTION a
SET (name, count) = (
  SELECT name, count
  FROM STAGING b
  WHERE a.ID = b.ID);

DEMO

You can use merge

MERGE INTO PRODUCTION a
USING ( select id, name, count 
          from STAGING ) b
ON ( a.id = b.id )
WHEN MATCHED THEN 
UPDATE SET  a.name = b.name,
            a.count = b.count

DEMO