Iraq Business News: Oil & Gas

MARCH 10, 2025

Representatives from the Association of the Petroleum Industry of Kurdistan (APIKUR) member companies met with officials from the Government of Iraq (GoI) and the Kurdistan Regional Government (KRG) on March 6 to discuss the resumption of oil exports through the Iraq-Trkiye Pipeline. By John Lee.

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Energy Central

SEPTEMBER 8, 2023

This is the fourth article in a series on the recently released 2023 Statistical Review of World Energy. Previous articles discussed the trends in global carbon dioxide emissions, the overall highlights of the Review, and the production and consumption of petroleum. Today I delve into the data on natural gas production and consumption.

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Oil & Gas 360º

MARCH 5, 2025

NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.

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Energy Central

DECEMBER 26, 2023

On November 30, 2023, OPEC (Organization of the Petroleum Exporting Countries) and its allies, collectively known as OPEC+, agreed to cut oil production by 1 million barrels per day (bpd) starting in January 2024. This decision was driven by several factors, but it might be helpful to consider OPEC’s motivations.

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

Crude oil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. Last year exports averaged about 811,000 b/d after more than 1,000,000 b/d in 2023. Sales to U.S.

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Reporting Oil and Gas

DECEMBER 4, 2023

The Bank of Ghana (BoG) has announced that it will gradually phase out the Gold for Oil policy, implemented in February 2023 to stabilize fuel prices. The Central Bank believes that the programme has achieved its purpose and is no longer necessary. The Gold for Oil policy was a crisis management policy.

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Energy Transfer

DECEMBER 10, 2024

In 2023, this one-of-a-kind compression technology allowed us to reduce our emissions in Texas by 789,908 tons of carbon dioxide (CO 2 ), up from 752,062 tons in 2022 using 82 Dual Drive units running on electricity approximately 80 percent of the time. Its nice to know that the U.S.

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The Energy Law

JUNE 30, 2023

As of June 7, 2023, a bill aiming to prohibit entities controlled by “foreign adversaries” from buying, leasing, or otherwise acquiring immovable property in the state has passed both the Louisiana House and Senate and is now awaiting the Governor’s approval. Sponsored by Rep. Valerie Hodges, Louisiana House Bill No.

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Oil Gas Leads

MARCH 13, 2025

According to the latest State of Energy Report from the Texas Independent Producers & Royalty Owners Association (TIPRO) , oil and gas workers earned an average annual salary of $227,000 in 2024 an increase of $4,389 from 2023.

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Reporting Oil and Gas

OCTOBER 30, 2023

Photo credit: CBOD Ghana The Deputy Chief Executive Officer of the National Petroleum Authority, Mrs. Linda Boamah Asante, is calling on African governments to formulate policies and programmes aimed at making Liquefied Petroleum Gas (LPG) affordable and accessible to women.

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The Energy Law

MARCH 7, 2023

21-0146, 2023 WL 2053175 (Tex. 17, 2023), in which it re-affirmed the axiomatic principle that a text retains the same meaning in the present day as when it was drafted. Element Petroleum Props., The Texas Supreme Court recently released its opinion in Van Dyke v. Navigators Grp. , 11-21-00103-CV (Tex. Eastland June 1, 2021).

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Valor

FEBRUARY 24, 2025

billion in 2023, prompting cost-cutting measures, a 5% staff reduction, and slashed executive bonuses. Total petroleum inventories increased by 0.2 Under pressure from activist investor Elliott Management, which holds a 5% stake, BP is shifting focus back to fossil fuels, selling 10 U.S. The companys profits fell to $8.2

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Energy Transfer

SEPTEMBER 4, 2024

In 2023, Warren made the largest single donation to his alma mater, the University of Texas-Arlington in the college’s history. His $10 million donation in 2012 was instrumental in the creation of Klyde Warren Park , a beloved 5.2-acre acre green space that reconnects the citys uptown and downtown areas.

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Energy Transfer

DECEMBER 12, 2024

of our countrys electricity in 2023 (renewables accounted for 21.4%). Natural gas is the primary energy source powering the U.S. electric grid, accounting for 43.1% The post Is Hollywood Going Pro Oil & Gas? appeared first on Energy Transfer Facts.

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Drillers

MARCH 24, 2020

That was formed in 1977 under the name National Nigeria Petroleum Company. For another, it would relieve them of the need to renegotiate each of their contracts individually after 2023, which would expose them to political factors since federal elections are due in that year and the incumbent party in power could lose.

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Rextag

FEBRUARY 24, 2025

Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. 2023 Production: ~6.0 2023 Production: ~6.0 billion in late 2023 further cemented its long-term commitment to the region. We analyze major U.S. 2024 Production: 6.3

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Valor

MARCH 10, 2025

per barrel and WTI dropping 40 cents to $66.64, marking WTIs seventh consecutive weekly lossthe longest streak since November 2023. oil and gas industry reached $81,808 in 2024, and direct employment grew to 2,055,516 jobs, an increase of 10,694 from 2023. Market uncertainty stems from U.S. Read more U.S. energy industry.

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Iraq Business News: Oil & Gas

FEBRUARY 22, 2025

Oil exports via the Iraq-Turkey Pipeline (ITP) were suspended in March 2023 following a dispute between Baghdad, Erbil and Ankara. Reuters adds that Farhad Alaaldin, a foreign affairs adviser to the Iraqi Prime Minister, denied that there had been a threat of sanctions or pressure on the government.

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Enverus

MARCH 7, 2025

British Petroleum Backs Away From Renewables The following blog is distilled from an interview on CBCs The Eyeopener, hosted by Loren McGinnis who interviewed Enverus Intelligence Researchs (EIR) very own Al Salazar. Coal utilization: Particularly driven by demand in Asia, coal consumption set a record in 2023.

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Valor

JANUARY 20, 2025

Global review of 2024 oil and gas discoveries Summary : In 2024, global oil and gas discoveries were reviewed, detailing key findings by region, resource type, operators, and terrain, compared to 2023. The report highlights significant discoveries and trends in the industry, providing insights into exploration activities worldwide.

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