Iraq Business News: Oil & Gas

FEBRUARY 5, 2025

Al-Sudani has overseen the signing of an $800-million contract for the expansion of Al-Diwaniya Refinery , adding a 70,000 barrel-per-day (bpd) atmospheric distillation unit to raise total capacity to 90,000 bpd. Energy & Utilities: Power generators: 10 MW/hour. By John Lee. Prime Minister Mohammed S.

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Valor

FEBRUARY 24, 2025

per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. Read more BP to abandon green energy target and ramp up oil Summary : BP will abandon its plan to expand renewable energy generation 20-fold by 2030, scrapping its target of reaching 50 gigawatts (GW) and maintaining its current 8.2

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Reporting Oil and Gas

NOVEMBER 23, 2023

The management of the Tema Oil Refinery (TOR) has been directed by the Office of the Special Prosecutor to suspend its proposed partnership agreement with Tema Energy and Processing Limited. Although the Tema Oil Refinery has a capacity to refine 45,000 barrels of oil per day, its operations have been inconsistent.

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Orient Energy Review

MARCH 27, 2023

Tolls are beginning to fall in Frances energy sector with the lingering strike action by protesting workers. An extension of the current strikes at Frances Le Havre port has cut off crude oil deliveries to ExxonMobils nearby Port Jerome refinery, according to the CGT trade union.

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Rextag

NOVEMBER 25, 2024

As winter approaches, the interplay between refinery activity, import volumes, and demand for refined products will be crucial. 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. Energy Information Administration (EIA).

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Iraq Business News: Oil & Gas

FEBRUARY 17, 2025

He outlined Iraq's major achievements in the oil and gas sector, including: Adding 380,000 barrels per day to refining capacity. On renewable energy, Iraq has secured commitments for 8,000 MW of solar power at oil field sites. Achieving self-sufficiency in diesel and kerosene production.

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The Energy Law

FEBRUARY 6, 2007

The Turner case asserted claims for property damage resulting from a release of oil from tanks located at Murphy’s Meraux, Louisiana refinery after Hurricane Katrina. Approximately 25,000 barrels of oil were released, and washed by floodwaters into the residential neighborhoods surrounding the refinery. Murphy Oil U.S.A.,

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The Energy Law

MAY 26, 2016

Charles refinery. As a result, Judge Haik imposed a civil penalty of $1,500 per barrel spilled – for a total of $81 million – and significantly increased the penalty of $111 per barrel in his original judgment. The EPA sought a penalty of $4,300 per barrel. In the original judgment , U.S. million dollars. Year in Rev.

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The Energy Law

JULY 26, 2013

The case relates to a 2006 oil spill which occurred at CITGO’s Lake Charles, Louisiana, refinery.

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Oil & Gas 360º

MARCH 6, 2025

Administration imposed a 25% tariff on all imported goods from Mexico and Canada, with the exception of a 10% tariff on Canadian energy imports. Still, Mexico exported more than 600,000 barrels per day (bpd) on average to the United States in 2024, according to data from the U.S. Energy Information Administration (EIA).

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Rextag

FEBRUARY 24, 2025

While the region's mature fields are declining, new projects are helping stabilize production and extend the Gulfs viability as a key energy source. Major Investors: Cheniere Energy, Tellurian, and Venture Global LNG are ramping up production to meet rising global demand. energy mix. MMBbl/d in 2025. LNG export expansion.

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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. Investors await monthly reports from the International Energy Agency and OPEC for demand and supply forecasts amid ongoing geopolitical tensions. per barrel (up 1.22%) and Brent at $70.41

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Orient Energy Review

MARCH 27, 2023

Observers say thats a much weaker position than normal for this time of the month when trade should be moving on to Mays barrels and the prices the shipments can fetch are dropping, they said. Each cargo is about a million barrels of crude. Well over 80% of Frances 1.1 Long-haul buyers like Indian Oil Corp.

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Adrian - Oil & Gas

DECEMBER 29, 2022

(Note: TC Energys (formerly TransCanada) Keystone pipeline is not to be confused with the companys proposed Keystone XL pipeline a separate pipeline project that was defeated and cancelled two separate times under Pres. TC Energy oil spill PR oil discharge 12-9-22 (Photo: U.S. Obama and Pres. CT on Dec. 30 spill. #21:

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Oil & Gas 360º

MARCH 7, 2025

(Oil Price) –Oil prices took a hit this week, and according to Rystad Energy, the bearish mood is realbut temporary. Brent crude briefly dipped near $69 per barrel as markets reacted to OPEC+s decision to gradually increase output starting in April, while ongoing tariff drama from Washington continues to rattle demand expectations.

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Oil & Gas 360º

MARCH 12, 2025

Canadian energy minister Jonathan Wilkinson told Reuters that Canada could impose non-tariff measures such as restricting oil exports to the U.S. Canada ships about 4 million barrels of crude to the U.S. per day via pipeline, mainly to Midwest refineries. or levying export duties on minerals, if U.S. tariffs persist.

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