Iraq Business News: Oil & Gas

MARCH 7, 2025

The security situation in Iraq continues to improve, while an investment slow-down since 2014 has led to potential improvements on contract terms which should improve scope for development. The dramatic growth in North American fracked output between 2005 and 2014 is less of a concern for OPEC exporters.

Oil 45

Oil Field Gas Barrel 45

Drillers

MARCH 24, 2020

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. The country’s first field began producing in 1958 at a rate of 5,100 BPD. The government has been fighting the illicit refineries for years.

Oil 52

Oil Royalty Exploration and Production Government 52

The Energy Law

JUNE 13, 2017

Settoon arose out of a February 2014 collision on the Mississippi River near Convent, Louisiana. These types of damages, however, have long been prohibited under the general maritime law (the default body of federal common law governing maritime cases) under the familiar Robins Dry Dock rule.

Oil 40

Oil Crude Oil Petroleum Barrel 40

The Energy Law

OCTOBER 16, 2014

As if crude producers and midstream transportation companies don’t already have enough problems trying to get crude oil from production fields to refineries thanks to inadequate pipeline infrastructure, tank car supply, rail safety concerns, and new regulations, they now also have to address a new, potentially market-busting lawsuit.

Crude Oil 40

Crude Oil Oil Government Transportation 40