Iraq Business News: Oil & Gas

FEBRUARY 4, 2025

According to the Media Office of the Prime Minister , this expansion aims to exploit an estimated 710 million barrels of crude oil within the newly incorporated area.

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Valor

FEBRUARY 24, 2025

Oildips on pending Kurdistan supply resumption Summary : Oil prices declined on Monday, extending last weeks losses, as markets anticipated the resumption of crude exports from Iraqs Kurdistan region. Brent crude fell 20 cents to $74.23 per barrel, while WTI dropped 28 cents to $70.12 crude output to grow from 13.2

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Rextag

NOVEMBER 25, 2024

crude oil inventories grew by 545,000 barrels last week to reach 430.3 million barrels , defying analyst forecasts of an 800,000-barrel decline. Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 million barrels to 389.2 million barrels. higher than last year.

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Oil Gas Leads

MARCH 10, 2025

West Virginia remains a highlight , now operating 11 rigs , having sustained its rig addition from three weeks ago. Oklahomas drilling activity was unchanged at 49 rigs , reflecting stable operations in the region. crude oil production will rise from a record 13.2 million barrels per day (bpd) in 2024 to around 13.6

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Rextag

JANUARY 9, 2025

billion due to macroeconomic and operational factors. billion hit to cash flow from operations due to emission-permit payments in Germany and the U.S., This represents a decrease from the previous guidance of 900,000 to 960,000 daily barrels. million oil-equivalent barrels per day. million barrels.

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Oil Gas Leads

MARCH 8, 2025

West Texas NGL Pipeline Expansion The West Texas NGL pipeline is being expanded to 740,000 barrels per day (bpd) to accommodate increasing NGL production. Crude Oil Infrastructure & Market Integration ONEOKs crude oil transportation and gathering capabilities in the Permian have been significantly strengthened by recent acquisitions.

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Oil Gas Leads

MARCH 11, 2025

Enterprise Products Partners LP , a leading midstream operator, is taking a strategic approach to expansion , focusing on pipeline investments, LNG and LPG exports, and securing fee-based revenue to ensure long-term stability. Jim Teague on Export Growth: “We exported over 70 million barrels of hydrocarbons in December.

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Energy Transfer

FEBRUARY 12, 2025

We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%). Distributable Cash Flow (DCF) attributable to the partners of Energy Transfer as adjusted was $8.4

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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

JULY 21, 2016

West Texas Intermediate Crude Cushing OK), and then includes various positive and negative adjustments to that market center price to arrive at the price to be paid for the crude oil. For instance, if the oil is purchased at or near the lease, the particular lease may include a deduction or premium applicable only to that lease.

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The Energy Law

SEPTEMBER 6, 2007

Crude oil was up over $2 per barrel. Furthermore, the company announced a strained operating condition warning, which was cancelled on September 3. – Transco Gas Pipeline Corporation released a notice on September 4 regarding firm backhaul transportation service for winter 2007-2008. MMBtu UP $0.17

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Oil & Gas 360º

MARCH 12, 2025

Although Sachas revival, which is critical for Ecuadors ailing economy, depends on foreign investment, critics spanning party lines have blasted Noboas approach to finding an operator for the asset and questioned whether the consortium consisting of Amodaimi, a subsidiary of Chinas Sinopec, and Petrolia, a unit of Canadas New Stratus Energy Inc.

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Oil & Gas 360º

MARCH 10, 2025

Visible Long-Term Synergies: Visible operating, capital and corporate synergies which, in addition to supply chain efficiencies, can generate meaningful savings. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.

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Oil Gas Leads

MARCH 11, 2025

Expansion of crude oil gathering systems and joint ventures to support increased production. McCrea, Co-CEO Major Pipeline Investments to Unlock Permian Gas Supply With rising Permian production comes the need for expanded pipeline capacity to move natural gas, crude oil, and NGLs to market.

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Energy Transfer

DECEMBER 23, 2024

anindependent liquids terminal and pipeline operator with approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. In a deal valued at $7.3

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Oil Gas Leads

MARCH 13, 2025

In 2023, BP produced 434,000 barrels of oil equivalent per day (boepd) in its U.S. onshore shale operations, with 264,000 boepd being natural gas, primarily associated with crude oil output. BPs increased oil and gas focus will center on the U.S.

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Oil Gas Leads

MARCH 8, 2025

The EPIC acquisition will allow them to shift these barrels onto their own network , capturing better margins and improving logistics efficiency. Permian Market Outlook: Strong Crude & NGL Demand Phillips 66 is well-positioned to take advantage of increasing Permian production and global energy demand.

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Oil Gas Leads

MARCH 7, 2025

ConocoPhillips provided significant insights into its Permian Basin operations during its Q4 2024 earnings call, highlighting efficiency improvements, capital discipline, non-core asset sales, and potential growth opportunities tied to increasing U.S. Potential Impact of Tariffs and Permian Crude Pricing The potential U.S.

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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

They must have come across either Iraq or Saudi Arabian airspace; the countries in question lost no time in condemning the attack against Iran, once the operation was over! In response, the prices of crude oil started going down again as the markets opened for business on Monday. respectively, losing about $3 a barrel.

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Rextag

JANUARY 6, 2025

While clean technologies achieved record growth, the enduring dominance of oil, gas, and LNG underscored the complexities of balancing energy security, economic stability, and climate ambitions. shale oil production surged to 10 million barrels daily , reinforcing Americas role as a cornerstone of global energy stability.

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Crude Oil Futures

FEBRUARY 26, 2025

Crude oil prices experienced a notable decline on Wednesday, reversing gains from recent days driven by supply concerns. These concerns stem largely from ongoing US efforts to restrict Iranian oil exports, particularly to China. As of 17:00 GMT on Wednesday, West Texas Intermediate (WTI) crude was priced at $68.79

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Crude Oil Futures

MARCH 8, 2025

Despite President Trump's vocal "Drill, baby, drill" mantra, his push to boost crude oil supply has yet to fully take shape. Undeterred, he continues to press forward, shifting his focus toward pressuring oil producersparticularly in the Middle Eastto ramp up output until U.S. per barrel, respectively. and $70.36

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