Oil & Gas 360º

MARCH 6, 2025

That compared to an average of 50 cents a barrel a year ago, when record crude production at the top U.S. million barrels in the Permian were cut by the recent cold weather that hit operations, according to estimates from analysts at consultancy Energy Aspects. million barrels last week, its highest level in four months.

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Oilholics Synonymous Report

FEBRUARY 14, 2025

Over the course of Thursday and Friday - days III & IV - of India Energy Week 2025 that put us on the home stretch of the global event, conversations turned more meaningfully towards the Indian government's assertion of placing a 'gas economy' at the heart of its march to net zero by 2070. So, how they are tapped matter greatly.

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

Crude oil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. Pemex produced crude oil and condensate of 1.62 appeared first on Permian Basin Oil and Gas Magazine.

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Egypt Oil & Gas

MARCH 11, 2025

The Minister of Energy of Indonesia Bahlil Lahadalia announced that the country is to build oil refineries on several of its islands, including Kalimantan and Sulawesi, with a total capacity of 1 million barrels per day (mmbbl/d) increasing from 500,000 b/d, Reuters reported.

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Reporting Oil and Gas

NOVEMBER 28, 2023

percent decline in crude oil production. Total crude oil produced amounted to a total of 35.42 million barrels, according to Finance Minister Ken Ofori-Atta. million barrels, the TEN field produced 5.02 million barrels, and the Sankofa-Gye Nyame field yielded 8.46 million barrels. However, this marked a 9.54

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Drillers

MARCH 24, 2020

The Oil Industry of Nigeria If anyone asks Chevron or Shell, for example, how they feel about Nigeria, the response would probably be that they were tired of problems, at least if they were honest. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration.

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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. We thank the Government of Iraq for the trust and privilege to deepen our cooperation in-country. " By John Lee.

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Iraq Business News: Oil & Gas

MARCH 7, 2025

According to a statement from the company, the funds will provide additional working capital, supporting Petrel's efforts to secure new oil and gas projects in Iraq and beyond. 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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Iraq Business News: Oil & Gas

FEBRUARY 17, 2025

Iraq's Minister of Oil, Hayan Abdul Ghani, highlighted the government's commitment to gas investment as a key driver for economic and industrial development at the Iraq Britain Business Council (IBBC) Baghdad Conference on Monday. On renewable energy, Iraq has secured commitments for 8,000 MW of solar power at oil field sites.

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Valor

FEBRUARY 24, 2025

February 24, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. 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.

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Iraq Business News: Oil & Gas

FEBRUARY 11, 2025

The Iraqi Ministry of Oil has announced plans to expand Maysan [Missan] Refinery by adding a new refining unit with a capacity of 70,000 barrels per day (bpd), increasing the refinery's total output to 110,000 bpd. The expansion will ensure a stable fuel supply for Maysan and neighboring provinces.

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Oil Gas Leads

MARCH 4, 2025

oil and gas sector. Below, we analyze the latest data on oil and gas prices, production, labor market trends, and the housing sector. Energy Market Trends: Prices on the Rise Crude oil and natural gas prices saw notable increases in Q4. The price of West Texas Intermediate (WTI) crude oil closed the quarter at $71.72

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Iraq Business News: Oil & Gas

FEBRUARY 24, 2025

The Iraqi Ministry of Oil has reaffirmed its full commitment to the OPEC+ production agreement, including additional voluntary cuts and compensation for excess production. This commitment was reiterated during a joint phone call between: Hayan Abdul Ghani Abdul Zahra, Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil.

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The Energy Law

NOVEMBER 1, 2013

By Jillian Marullo House Bill 2767, which took effect on September 1, 2013, was enacted to encourage recycling of the wastewater produced in hydraulic fracturing (or “fracking”) and other oil and gas operations. On average, over 83,000 barrels (or 3.5 billion barrels of wastewater were disposed of in Texas injection wells.

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Rextag

FEBRUARY 17, 2025

The debate over the future of oil has never been more heated. Mills, Executive Director of the National Center for Energy Analytics, and Neil Atkinson, Special Advisor , the IEAs peak oil demand forecast is deeply flawed. Governments are struggling to build charging infrastructure, creating adoption barriers. and Europe.

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Iraq Business News: Oil & Gas

FEBRUARY 9, 2025

Kirkuk Governor Ribwar Taha Mustafa has signed a contract for the construction of the Kirkuk Refinery , which has a planned production capacity of 70,000 barrels per day (bpd). The refinery will be built by Sulaymania-based Rania Group , and will reportedly cost around $2 billion.

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Rextag

FEBRUARY 13, 2025

This comes amid reports that activist hedge fund Elliott Management has taken a stake in the British oil major, potentially pressuring the board and executives for higher shareholder returns. He prioritizes core oil and gas projects to unlock stronger cash flow and satisfy shareholders. billion Analyst Consensus : $1.26

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The Energy Law

JUNE 13, 2017

9, 2017), the United States Fifth Circuit Court of Appeals held for the first time that a Responsible Party under the Oil Pollution Act of 1990 (“OPA”) has a statutory claim for contribution to recover purely economic damages from a partially liable third party. Following the spill, the U.S.

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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. The District Court concluded that the economic benefit was in the range of less that $83 million as argued by the government but more than $719 as argued by CITGO. July 17, 2013) (pdf). Opinion, pp.

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The Energy Law

SEPTEMBER 23, 2008

Subtitle E amends the FOGRMA of 1982 to repeal royalty overpayment interest for lessees by the federal government and mandates that when royalty adjustments are made resulting in an underpayment by lessee the royalty obligation clock starts when the date the adjustment is taken.

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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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The Energy Law

JANUARY 10, 2020

255 suffered an explosion and fire while transporting roughly 2,000 barrels of oil off Port Aransas, Texas. On October 20, 2017, Bouchard Transportation’s ATB BUSTER BOUCHARD/B. Two crewmembers perished as a result of the casualty.

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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. million acres in Alberta. The combined company will continue to pay Whitecap’s annual dividend of $0.73

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Rextag

FEBRUARY 24, 2025

oil and gas industry is experiencing one of its most transformative periods. oil & gas basins , the leading companies , and market trends using the latest data and forecasts. 2025 Forecast Projected Crude Oil Output: 6.6 Exxon, Chevron, and Shell Are Betting on Carbon CaptureIs It the Future? We analyze major U.S.

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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. Understanding Air Permits in Oil & Gas Transfers When ownership of an oil and gas facility changes, the new operator must update regulatory permits to reflect the transition. domestic energy production.

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Crude Oil Futures

OCTOBER 28, 2024

There are reports that all four S-300 anti-aircraft batteries were affected at strategic locations, in addition to the anti-aircraft batteries that protected the oil infrastructure. The West is aware of this threat and many other potential threats in the absence of a properly-functioning government.

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Oil & Gas 360º

MARCH 13, 2025

(Investing) –LONDON – Oil prices slipped on Thursday after surging in the previous session on a larger-than-expected draw in U.S. a barrel at 10:25 a.m. West Texas Intermediate crude futures fell 39 cents, or 0.6%, to $67.29a barrel. West Texas Intermediate crude futures fell 39 cents, or 0.6%, to $67.29a barrel.

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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. A weakening in the dollar can provide a lift for oil prices because it in theory makes crude less expensive for buyers holding foreign currencies. But worries over global oil demand due to U.S.

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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

(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

(Investing) –HOUSTON -The worlds energy industry leaders meet in Houston next week as plummeting oil prices push Big Oil to slash thousands of jobs even as a pro-fossil fuel U.S. He has repeatedly exhorted the industry to “Drill, baby, drill,” and has ordered government agencies to slash red tape to maximise U.S.

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Oil & Gas 360º

MARCH 7, 2025

(Investing) –HOUSTON -Oil prices were up on Friday but retreated from session highs after U.S. 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. the worlds biggest oil consumer. In the U.S.,

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