Iraq Business News: Oil & Gas

FEBRUARY 24, 2025

According to what the Ministry described as data issued by secondary sources approved by OPEC , Iraq's crude oil production in January 2025 stood at 3.999 million barrels per day (bpd), reflecting adherence to agreed production levels. Key Developments: Iraq will continue efforts to compensate for past overproduction.

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Drillers

MARCH 24, 2020

Pipeline vandalism, militant attacks on infrastructure, protests and lawsuits are among the issues that have plagued Nigerias oil industry for years. Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. How did this happen?

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The Energy Law

JUNE 13, 2017

A tug owned by Marquette collided with an oil-carrying barge owned by Settoon as the Marquette tug attempted to overtake the Settoon flotilla. As a result of the collision, approximately 750 barrels of light crude oil discharged into the river. Following the spill, the U.S.

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Oil & Gas 360º

MARCH 6, 2025

(Oil Price) –Mexicos state oil firm Pemex is holding discussions with crude buyers in Asia and Europe to potentially sell there its oil, which is now being taxed with a 25% tariff by its single biggest customer, the United States, a senior government official in Mexico told Reuters.

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Oil & Gas 360º

MARCH 10, 2025

Disciplined Leadership and Governance: The combined business will continue to be led by the Whitecap executive team, who have a long track record of operational excellence, financial discipline, strong safety performance and are focused on generating strong returns to shareholders. Boe may be misleading, particularly if used in isolation.

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Rextag

FEBRUARY 24, 2025

Oil and Gas Basins: Growth, Challenges, and 2025 Outlook Permian Basin (Texas & New Mexico) The Undisputed Leader 2023-2024 Overview The Permian Basin has remained the most important oil-producing region in the United States, supplying nearly 46% of the nations crude oil output in 2024. crude oil investments.

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Crude Oil Futures

OCTOBER 28, 2024

The West is aware of this threat and many other potential threats in the absence of a properly-functioning government. The Iranian leader is not the only one that maintains X account; there is a government account and accounts owned by former English-speaking ministers. respectively, losing about $3 a barrel.

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Oil & Gas 360º

MARCH 13, 2025

a barrel at 10:25 a.m. West Texas Intermediate crude futures fell 39 cents, or 0.6%, to $67.29a barrel. government data showed tighter-than-expected oil and fuel inventories. million barrels, more than the 1.9 “As of March 11, global oil demand averaged 102.2 EDT (1425 GMT), while U.S.

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Oil & Gas 360º

MARCH 12, 2025

(Investing) –Oil prices jumped on Wednesday, extending earlier gains that were powered by a weaker U.S. per barrel, while U.S. West Texas Intermediate crude futures had climbed by 2.1% Output by the wider OPEC+ group, which includes allies like Russia, also rose by 363,000 barrels per day in February.

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Oil & Gas 360º

MARCH 11, 2025

(BOE Report) –CALGARY The Alberta government says Premier Danielle Smith has been in talks with a multinational oil and petrochemical player about selling two million barrels per month of province-owned heavy oil.

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Oil & Gas 360º

MARCH 13, 2025

He went on to criticize the expensive energy or climate policies implemented by left-leaning governments in wealthy nations that leave billions of people in emerging economies with less access to affordable energy. The United States already became the worlds top oil and gas producer under former President Joe Biden. The CEO of U.S.

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Oil & Gas 360º

MARCH 10, 2025

President Donald Trumps first 47 days in office have been marked by a rapid overhaul of government and policy, including mass layoffs and the reversal of many of the policies of the previous administration. oil and gas output – already at record levels before he took power. oil and gas, if the U.S.

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Oil & Gas 360º

MARCH 7, 2025

Brent crude futures were up $1.10, or 1.58%, to $70.56 a barrel by 1605 GMT (10:05 CST). “If you dont like the price of oil, wait a minute,” said Phil Flynn, senior analyst with the Price Futures Group. crude inventories rose and OPEC+ announced its decision to increase output quotas. In the U.S.,

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