Oil & Gas 360º

MARCH 10, 2025

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.

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Rigzone: News

FEBRUARY 18, 2025

Sentinel Midstream received DOT approval for a project to build a petroleum export facility with loading rates of up to one million barrels a day off the coast of Brazoria County, Texas.

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Egypt Oil & Gas

MARCH 6, 2025

Kazakhstan has increased in February its crude oil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crude oil production surged by 15.5% from January to 1.83

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Iraq Business News: Oil & Gas

FEBRUARY 4, 2025

The Iraqi Council of Ministers has approved a modification to the contract area of the East Baghdad Oil Field - Southern Region , adding 95 km west of the Diyala River. 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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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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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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Oilholics Synonymous Report

FEBRUARY 14, 2025

In India's case, the country's Minister for Petroleum and Natural Gas Hardeep Singh Puri is leading the charge personally. 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.

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Energy Central

OCTOBER 7, 2024

According to the latest Weekly Petroleum Status Report from the U.S. Energy Information Administration, year-to-date daily average oil production is 13.2 million barrels per day. oil output remains a key driver of the global energy market. crude oil production will almost. million BPD. This ongoing growth in U.S.

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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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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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Rextag

DECEMBER 18, 2024

As we wrap up the year in December, were taking a moment to reflect on the early 2000s, when the oil and gas industry was booming with bold ideas and big changes. 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.

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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. million barrels.

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Exprodat

JULY 25, 2024

Exprodat , the energy sector GIS specialist and Getech Group company, has released a new version of its popular Unconventionals Analyst software, which is used by petroleum operators and financial institutions to manage shale oil and gas projects and investments. At version 3.2, ” To learn more about Unconventionals Analyst v3.2,

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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. By John Lee. The expansion will ensure a stable fuel supply for Maysan and neighboring provinces.

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Global Energy

OCTOBER 21, 2016

Iran is said to be targeting an increase in oil production from 3.85 to 4 million barrels per day by […]

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Egypt Oil & Gas

MARCH 8, 2025

Agiba Petroleum, together with its shareholders, has successfully completed the fast-track development of the Iris Field, a major hydrocarbon asset in the Egyptian Western Desert. The post Agiba Develops Iris Field in Record Time Producing 8,500 boe/d first appeared on Egypt Oil & Gas.

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Rextag

DECEMBER 23, 2024

At Rextag, we couldnt think of a better gift for our readers than a look back at the deals that shaped the oil and gas industry this year. So, while you sip your cocoa and enjoy the holiday glow, lets dive into the most impactful oil and gas deals of the yearcomplete with a festive bow and a little extra surprise at the end.

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Energy Central

DECEMBER 26, 2023

On November 30, 2023, OPEC (Organization of the Petroleum Exporting Countries) and its allies, collectively known as OPEC+, agreed to cut oil production by 1 million barrels per day (bpd) starting in January 2024. This decision was driven by several factors, but it might be helpful to consider OPEC’s motivations.

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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). By John Lee. The refinery will be built by Sulaymania-based Rania Group , and will reportedly cost around $2 billion.

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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. It will also facilitate the Al-Shanafiyah power plant, secure petroleum product supplies, and generate employment.

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The Energy Law Blog

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 Blog

JULY 26, 2013

By Greg Johnson and Stephen Wiegand In a July 17, 2013 decision, the United States Court of Appeals for the Fifth Circuit vacated a $6 million dollar penalty levied under the Clean Water Act (“CWA”) against CITGO Petroleum Corporation (“CITGO”) and remanded the matter to the Western District of Louisiana for further consideration.

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The Energy Law Blog

MAY 26, 2016

District Court Judge Dee Drell (Western District, LA) recently denied a motion to alter or amend the Court’s judgment against CITGO Petroleum Corp.– allowing an $81 million judgment against the oil company to stand. CITGO Petroleum Corp., The EPA sought a penalty of $4,300 per barrel. CITGO Petroleum Corp.,

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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 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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Energy Central

MAY 10, 2022

President Biden announced in late March that he would release 1 million barrels of crude oil per day from the Strategic Petroleum Reserve (SPR) over a 180 day period, making it by far the largest release ever. Is this a wise move and will it achieve the objectives sought? Background: The origin of the U.S.

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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. Oil prices dip as tariff uncertainty keeps investors on edge Summary : Oil prices declined on Monday, with Brent crude falling 44 cents to $69.92 per barrel (up 1.22%) and Brent at $70.41

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OilPrice

MARCH 11, 2025

Uncertainty has been rife in oil markets of late as Trump's trade wars threaten global demand just as OPEC+ is set to boost supply and Ukraine peace talks get underway.-

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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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BOE Report

MARCH 10, 2025

Energy Secretary Chris Wright said on Monday he was planning to work with Congress on cancelling previously mandated sales from the Strategic Petroleum Reserve as one way to address low stockpiles.

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Oil & Gas 360º

MARCH 12, 2025

oil and gas industry, which has focused on returning capital to shareholders and reined in exploration and investment, has broadly welcomed Trump’s pro-energy stance, even though lower prices typically hurt company bottom lines. Oil prices hit a three-year low in early March. Oil prices hit a three-year low in early March.

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Enverus

MARCH 7, 2025

British Petroleum Backs Away From Renewables The following blog is distilled from an interview on CBCs The Eyeopener, hosted by Loren McGinnis who interviewed Enverus Intelligence Researchs (EIR) very own Al Salazar. Instead, oil and gas investment has been rewarded by shareholders.” The tide is shifting in the energy sector.

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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. This report by The Canadian Press was first published March 11, 2025.

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Oil & Gas 360º

MARCH 5, 2025

(Investing) –Oil prices declined for a third day on Wednesday, as investors worried about OPEC+ plans to proceed with output increases in April, and U.S. a barrel by 1408 GMT. Oil prices declined for a third day on Wednesday, as investors worried about OPEC+ plans to proceed with output increases in April, and U.S.

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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. oil and gas output – already at record levels before he took power. oil and gas, if the U.S. refiners need from Canada and Mexico.

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Oil & Gas 360º

MARCH 7, 2025

Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish President Donald Trump’s goal of refilling the Strategic Petroleum Reserve to its maximum capacity, the Energy Department said on Friday. The estimated $20 billion would only be enough to buy about 301 million barrels of U.S.

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