Remove Barrel Remove Pipeline Remove Refinery
article thumbnail

Weak refinery, export demand weakens prices for Midland crude along Texas coast

Oil & Gas 360ยบ

(Investing) –HOUSTON – The price spread between WTI Midland crude in West Texas and Houston has narrowed this year as cold weather hurt Permian production, driving up prices, but weaker refinery and export demand on the U.S. That compared to an average of 50 cents a barrel a year ago, when record crude production at the top U.S.

Refinery 130
article thumbnail

IBBC Conference: Iraq Prioritises Gas Investment to Boost Growth

Iraq Business News: Oil & Gas

He outlined Iraq's major achievements in the oil and gas sector, including: Adding 380,000 barrels per day to refining capacity. Meanwhile, the government is progressing with a 700 km, 56-inch oil pipeline from Basra to Haditha, supporting domestic refineries and export capacity.

Gas 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Valor | Energy Connection โ€“ Feb. 24, 2025

Valor

per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. million barrels per day (bpd) in 2024 to 13.6 The terminal will load up to 1 million barrels per day onto the worlds largest tankers, boosting U.S. million barrels Summary : U.S. million barrels to 432.5

Barrel 52
article thumbnail

Nigeria Oil Industry Overview

Drillers

Pipeline vandalism, militant attacks on infrastructure, protests and lawsuits are among the issues that have plagued Nigerias oil industry for years. 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.

Oil 52
article thumbnail

Software Is the Missing Piece to Oil & Gas Digital Transformation

Coolfire Core

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. Similarly, accidents from pipeline leakage to oil spills can incur large fines and significant reputational damage.

Oil 52
article thumbnail

Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and Whatโ€™s Behind the $105 Billion in Oil Deals?

Rextag

However, in late 2024, the Matterhorn Express pipeline came online, adding 2.5 This pipeline has significantly reduced flaring, stabilized natural gas prices at the Waha hub, and enabled higher oil production by ensuring gas associated with oil drilling can be transported efficiently. Gulf Coast refineries. MMBbl/d , a 0.3

Basin 40
article thumbnail

HISTORY OF SPILLS: TC Energyโ€™s Keystone pipeline (22 SPILLS: 2010-2022)

Adrian - Oil & Gas

(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. 20: February 6, 2019: Keystone pipeline spills 1,800 gallons in St. Obama and Pres. 30 spill. #21: