Iraq Business News: Oil & Gas

FEBRUARY 25, 2025

BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. It will enable us to bring our experience of managing giant fields to realise the potential of this important asset for Iraq, working alongside and in close partnership with NOC and NGC.

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Oil & Gas 360º

MARCH 10, 2025

Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). UNOC is also advancing exploration in the Moroto-Kyoga basins, with preliminary studies aimed at uncovering new oil fields. Algerias Sonatrach will increase hydrocarbon production by 2.5%

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Iraq Business News: Oil & Gas

FEBRUARY 26, 2025

Total exports of crude oil: 103,343,193 barrels. Exports from the oil fields in central and southern Iraq amounted to 102,310,248 barrels. Exports to Jordan amounted to 309,980 barrels. Exports from Qayyarah were 722,965 barrels. This continues the practice of delayed or missing oil export data from the Ministry.

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Reporting Oil and Gas

NOVEMBER 28, 2023

million barrels, according to Finance Minister Ken Ofori-Atta. This decrease is linked to the natural decline in the Tweneboa, Enyenra, and Ntomme (TEN) field, leading to an escalation in the gas-to-oil ratio and water production in the Jubilee and Sankofa fields. million barrels, the TEN field produced 5.02

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Oilholics Synonymous Report

FEBRUARY 14, 2025

Shale has already greatly changed the rules of international oil and gas trade and geopolitics, with the US making a significant shift from conventional to non-conventional oil and gas fields. To this effect, the Oilholic hosted a Day III session titled " Harnessing the force of shale oil and gas in building future global energy systems.

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Energy Central

JUNE 24, 2023

Shetland The huge Rosebank oilfield is three times bigger than the controversial Cambo field that was put on hold more than a year ago. It has the potential to produce 500m barrels of oil and its final approval is expected to reach the energy secretary, Grant Shapps, in the next few weeks.

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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. He cited the reactivation of fifth licensing round contracts, the development of Akkas (400 mmscfd) and Mansouriya (300 mmscfd) gas fields, and the award of 14 new gas exploration blocks.

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Iraq Business News: Oil & Gas

FEBRUARY 6, 2025

According to a company statement this morning: " Net production climbed 50 percent year-on-year to 77,300 barrels of oil equivalent per day (boepd), to which Kurdistan contributed 59,000 boepd, North Sea 15,200 boepd and West Africa 3,100 boepd. "At Tawke field: 27,864 bopd (-6% from Q3). Peshkabir field: 46,279 bopd (-15% from Q3).

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Rextag

DECEMBER 18, 2024

billion barrels of recoverable oil , a staggering prospect that set the stage for the U.S. million barrels of oil equivalent per day (boe/d) globally. million barrels of oil equivalent by 2005. With techniques like CO injection and steam flooding , EOR extended the life of aging fields by decades. shale revolution.

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Coolfire Core

JANUARY 2, 2020

While the price-per-barrel of oil has recovered since the staggering lows of 2016, its down again from earlier 2019 highs, and may not reach $100/barrel any time soon. Workstream Collaboration For Distributed Field Service Teams Distributed field service teams need operational support. Read Full Text 4. Read Full Text 5.

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Drillers

MARCH 24, 2020

The country’s first field began producing in 1958 at a rate of 5,100 BPD. billion barrels of proven oil reserves as well as 5.675 trillion cubic metres of natural gas, which explains why the supermajors are not too tired of their problems in Nigeria. How did this happen? Exxon comes next: the U.S.

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Iraq Business News: Oil & Gas

MARCH 7, 2025

Petrel has recently submitted an application to assume an existing contract east of Baghdad 4 th Bid round award in 2012, at a remuneration per barrel of $5.38.

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Coolfire Core

OCTOBER 15, 2019

While the price-per-barrel of oil has recovered since the staggering lows of 2016, its down again from earlier 2019 highs, and may not reach $100/barrel any time soon. At every level, companies must have accurate insight into their operations in order to make proactive and cost-effective decisions.

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Rextag

DECEMBER 23, 2024

This deal boosted Exxons daily output by over 700,000 barrels of oil equivalent per day (boe/d). Chevrons Purchase of Hess Corporation Value: $60 billion Date: September 30, 2024 Chevrons acquisition added Hesss assets in Guyanas Stabroek Block, a hotbed of oil discoveries with reserves exceeding 11 billion barrels.

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OilPro

MARCH 16, 2020

So w hat to do when your client says “but I really want a Canadian-style, non-field erected, engineered, shop-built 2,500 Bbl tank”? Are you interested in building tanks in-country using Canadian expertise with transportable API tanks up to 3,000 Barrels? The shipping costs tend to exceed fabrication costs.

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The Energy Law

JULY 21, 2016

The value of the oil is the higher of: (1) The gross receipts received from the first purchaser, less charges for trucking, barging and pipeline fees, or (2) the posted field price. The audit letter from the Department indicates that the value of the oil for severance tax purposes was actually $65 per barrel, and not the $62 negotiated price.

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The Energy Law

JULY 9, 2008

On the night of the spill, the supertanker was carrying 53 million gallons of crude oil, which translates to just over a million barrels. Baker, et al. Exxon admitted that the CWA does not displace compensatory damages for water pollution.

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Oil & Gas 360º

MARCH 12, 2025

(World Oil) – Ecuador President Daniel Noboas plan to revitalize the nations biggest oil field is crumbling as he scrambles to secure re-election weeks before a runoff vote. Production from the nations top field has fallen 15% from a 2014 peak of 560,000 barrels a day.

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The Energy Law

JUNE 13, 2017

As a result of the collision, approximately 750 barrels of light crude oil discharged into the river. Liskow & Lewis has extensive experience counseling parties in the wake of spill events of all levels of severity and is a recognized leader in this field. Following the spill, the U.S.

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Rextag

MARCH 3, 2025

million barrels per day by 2030. New oil fields and deepwater drilling initiatives will contribute to increased production. The company aims to boost daily oil and gas production to between 2.3 million and 2.5 Several new major oil and gas projects are set to launch by the end of 2027. billion and $2 billion annually.

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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. 14) The IEA Ignores Faster Decline Rates in Oil Fields IEA assumes oil field decline rates will remain stable, ignoring the accelerating depletion of key production sources.

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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. By late 2024, 12 new offshore projects were set to increase production by 0.231 MMBbl/d, helping offset declining output from aging fields. MMBbl/d in 2025. MMBbl/d in 2025. Chevrons St.

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Oil & Gas 360º

MARCH 10, 2025

Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders. Boe may be misleading, particularly if used in isolation.

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Oil & Gas 360º

MARCH 10, 2025

Trumps policies on trade and foreign policy have, however, threatened to drive up the cost of millions of barrels of oil that U.S. Crude prices hit a three-year low below $70 a barrel this week after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to go ahead with a planned April output increase.

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