Iraq Business News: Oil & Gas

FEBRUARY 25, 2025

The agreement, signed in Baghdad on Tuesday under the patronage of Prime Minister Mohammed Shia Al-Sudani, encompasses oil, gas, power and water development, with potential for future exploration investment. BP subsequently expects to form a standalone incorporated joint venture to hold its interests in the operator.

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Rextag

MARCH 3, 2025

Can BP maintain its vision of a low-carbon future while doubling down on oil and gas? BP has announced a shift in its energy strategy, moving away from aggressive renewables investments and increasing its oil and gas production spending. The company aims to boost daily oil and gas production to between 2.3

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Rextag

FEBRUARY 13, 2025

He prioritizes core oil and gas projects to unlock stronger cash flow and satisfy shareholders. By targeting a 40% cut in oil-and-gas output by 2030 relative to 2019 levels, he repositioned BP as a leader in renewables, wind, solar, and electric vehicle (EV) charging. From Looney to Auchincloss: Continuity or Clean Break?

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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. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration. How did this happen? Exxon comes next: the U.S.

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The Energy Law

SEPTEMBER 23, 2008

Title I addresses the existing moratoria, future OCS access, exploration, production and royalty questions. House of Representatives passed Speaker Pelosi’s Energy Bill, H.R. 6899, titled “Comprehensive American Energy Security and Consumer Protection Act.”

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Rextag

FEBRUARY 17, 2025

If GDP grows at the historical rate, oil demand would be at least 10 million barrels per day (mmbd) higher by 2035 than the IEA forecasts. Ford lost $60,000 per EV in 2024, forcing automakers to scale back production. Reality Check: Since 1973, global GDP has grown at an average of 3.2% Higher economic growth = higher energy demand.

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Oil Gas Leads

MARCH 13, 2025

natural gas production, particularly in the Haynesville Basin, as domestic gas prices surge. CEO Murray Auchincloss, speaking at the CERAWeek conference in Houston, highlighted the companys renewed focus on oil and gas, marking a strategic pivot from its previous emphasis on renewable energy. million and 2.5

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Oil & Gas 360º

MARCH 10, 2025

(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.

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Rextag

FEBRUARY 24, 2025

oil and gas industry is experiencing one of its most transformative periods. Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. How will new policies impact production and investment strategies? 2023 Production: ~6.0

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Oil Gas Leads

MARCH 13, 2025

The Permian Basin continues to see significant shifts in ownership as oil and gas operators refine their asset portfolios. One such transaction involves Scout Energy Management LLC , which has acquired multiple production facilities from ConocoPhillips in Pecos and Reeves counties, Texas. domestic energy production.

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Oil Gas Leads

MARCH 7, 2025

The company remains committed to capital efficiency and production optimization , with a focus on delivering value-driven growth while maintaining operational discipline. The company reported 833,000 barrels of oil equivalent per day (boe/d) in the Permian for Q4 2024, attributing its success to significant efficiency improvements.

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Rextag

JANUARY 16, 2025

Civitas Resources is reportedly considering the sale of its oil and gas assets in Colorados Denver-Julesburg (D-J) Basin and may reinvest the proceeds in acquiring additional assets in the Permian Basin, including the highly sought-after position held by Double Eagle IV, according to analysts and media reports.

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Valor

MARCH 10, 2025

March 10, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. per barrel and WTI dropping 40 cents to $66.64, marking WTIs seventh consecutive weekly lossthe longest streak since November 2023. per barrel (up 1.22%) and Brent at $70.41 per barrel (up 1.37%).

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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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Oil & Gas 360º

MARCH 12, 2025

He has urged energy companies to boost fossil fuel production and promised to bring down prices for consumers. On Monday global Brent crude futures settled under $70 a barrel as investors worried a trade war would slow economic growth. He said those investments would include the natural gas supply chain.

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Valor

FEBRUARY 11, 2025

February 11, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. The spike in gas prices is driven by supply constraints and higher demand, especially in winter. drillers add oil and gas rigs for second week in a row Summary : U.S. Read more U.S. shale producers.

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Oil & Gas 360º

MARCH 13, 2025

(Reuters) – HOUSTON, March 13 Donald Trumps return to the White House caused animal spirits to soar in the oil and gas sector, and these vibes were palpable in the halls of the sectors annual conference in Houston this week. The United States already became the worlds top oil and gas producer under former President Joe Biden.

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Oil & Gas 360º

MARCH 10, 2025

oil and gas output – already at record levels before he took power. He has ended a pause in new gas export project approvals and overturned a ban on drilling in federal waters. Trumps policies on trade and foreign policy have, however, threatened to drive up the cost of millions of barrels of oil that U.S.

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The Energy Law

OCTOBER 26, 2020

But the oil and gas industry stands to be impacted regardless of the election outcome in November, and those impacts will have wide-reaching effects on the U.S. oil and gas production, with the former pledging continued expansion of domestic oil and gas drilling and production, and the latter pledging to transition the U.S.

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