Iraq Business News: Oil & Gas

FEBRUARY 4, 2025

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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Oilholics Synonymous Report

SEPTEMBER 18, 2024

The state of Texas is the US' top crude oil and natural gas producing state. As Q4 2024 approaches, the US remains world's largest LNG exporter and its largest crude oil producer. It also has the nation's highest refining capacity by some distance and remains a wind power leader.

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Egypt Oil & Gas

MARCH 9, 2025

Three Romanian companies intend to compete for the investment opportunities offered by the Ministry of Petroleum and Mineral Resources (MoPMR) for crude oil and natural gas exploration operations.

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Oil & Gas 360º

MARCH 13, 2025

(Oil Price) –Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report.

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Oil Gas Leads

MARCH 10, 2025

West Virginia remains a highlight , now operating 11 rigs , having sustained its rig addition from three weeks ago. Oklahomas drilling activity was unchanged at 49 rigs , reflecting stable operations in the region. crude oil production will rise from a record 13.2 million barrels per day (bpd) in 2024 to around 13.6

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Energy Transfer

NOVEMBER 19, 2024

We also saw record performance in crude oil transportation volumes (up 25%), midstream gathered volumes (up 6%), NGLs produced (up 26%), and NGL fractionation volumes (up 12%) and transportation volumes (up 4%). This was another strong quarter for Energy Transfer, with robust growth in adjusted EBITDA over Q3 2023.

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Aresco

MARCH 13, 2025

The oil and gas industry has always been driven by innovation, and today, artificial intelligence (AI) is pushing the sector into a new era of efficiency, precision, and profitability. AI-powered technologies are enabling companies to optimize operations, enhance oil and gas exploration, and prevent costly disruptions.

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Oil Review Middle East

MARCH 10, 2025

Downstream, Aramco intends to continue the strategic integration of its Upstream and Downstream businesses to facilitate the placement of the companys crude oil in larger offtake volumes through a dedicated system of domestic and international wholly-owned and affiliated refineries and petrochemical complexes.

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Aresco

JULY 17, 2024

This includes evaluating the geological characteristics of the property, assessing the production history and potential of the wells, understanding the terms of the royalty agreement, and reviewing the financial stability and track record of the operator or producer. Why invest in crude oil and natural gas?

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Energy Transfer

OCTOBER 18, 2024

Our 2023 Corporate Responsibility Report highlights our successes, including our operational results, pipeline safety programs, risk management, and emissions reduction programs, among others. Congratulations to our employees for their unwavering commitment to achieving operational excellence day in and day out. Also invested $1.6

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Nestoil

SEPTEMBER 4, 2024

The benefit of investing in midstream assets is the relatively lower risk compared to upstream operations, coupled with consistent cash flow from transportation fees and storage charges. Additionally, refining margins can increase during periods of low crude oil prices, enhancing profitability.

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Rextag

NOVEMBER 25, 2024

Will rising imports and weak demand keep crude prices under pressure, or is a rebound on the horizon? crude oil inventories grew by 545,000 barrels last week to reach 430.3 Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 crude oil production fell to 13.2 million barrels.

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Oil Gas Leads

MARCH 8, 2025

Crude Oil Infrastructure & Market Integration ONEOKs crude oil transportation and gathering capabilities in the Permian have been significantly strengthened by recent acquisitions. ONEOK is also optimizing crude marketing strategies , allowing it to capture more Permian crude volumes. Bcf/d in 2025.

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OilPro

AUGUST 6, 2024

In the oil and gas industry, the process of separating water and other impurities from crude oil and natural gas is crucial for efficient and safe production. One of the most common methods used to achieve this is through the use of free water knockouts.

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Egypt Oil & Gas

MARCH 13, 2025

In his meeting with Neff, the two sides reviewed the promising investment opportunities in the Egyptian oil and gas sector and the company’s activities in Egypt, most recently exploration operations in the North Dabaa Offshore Concession in the western Mediterranean.

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Rextag

JANUARY 13, 2025

ENERGY INFRASTRUCTURE AT RISK The ongoing fires have raised alarms about their impact on crude oil, gasoline, diesel, and natural gas supplies. Lipow explained that pipeline disruptions could lead to a buildup at refineries, forcing them to reduce their operating rates.

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The Energy Law

SEPTEMBER 4, 2009

By Kerry Murphy On Wednesday September 2, BP drilled the world’s deepest oil well – the Tiber Prospect Well – and discovered a huge pool of crude oil. As is common in deep-water operations, it will take years of work and millions of dollars before oil can be drawn from the well.

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Pro-Gas Services

OCTOBER 15, 2024

They work by capturing vapors released during storage, transfer, or processing of liquids like gasoline, crude oil, and other chemicals. Applications of VRUs VRUs find applications across a wide range of industries, including: Oil and Gas. Capture VOCs during crude oil production, storage, and transportation.

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The Energy Law

APRIL 22, 2013

The standards applied to various sources including storage tanks used in crude oil and natural gas production. Further, if there is a change that would potentially increase the tank’s emissions, the owner or operator must install the required controls within sixty days of the change or by April 15, 2014, whichever is earlier.

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Oil Gas Leads

MARCH 10, 2025

This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crude oil, natural gas, and natural gas liquids (NGLs) production is growing rapidly. Pipeline Transportation Crude oil, natural gas, and NGLs move from production sites to storage and processing facilities. Why the Permian?

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Energy Transfer

FEBRUARY 12, 2025

We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%). Distributable Cash Flow (DCF) attributable to the partners of Energy Transfer as adjusted was $8.4

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Aresco

FEBRUARY 14, 2024

Depletion Allowance Tax Benefit The percentage depletion method is typically more favorable for smaller producers or independent operators, as it allows them to deduct a fixed percentage of gross income without regard to their actual investment in the property. This includes expenses related to exploration, development, and extraction.

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Valor

FEBRUARY 24, 2025

crude oil inventories increase by 4.6 crude oil inventories rose by 4.6 Read more Contact Valor Today Contact us today if you need help outsourcing your oil and gas operations. Read more U.S. million barrels Summary : U.S. million barrels to 432.5 Total petroleum inventories increased by 0.2

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Oil Gas Leads

MARCH 11, 2025

Enterprise Products Partners LP , a leading midstream operator, is taking a strategic approach to expansion , focusing on pipeline investments, LNG and LPG exports, and securing fee-based revenue to ensure long-term stability. Pipeline & processing infrastructure operates on take-or-pay agreements.

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The Energy Law

OCTOBER 3, 2011

In addition, the proposal would create a new NSPS Subpart OOOO to regulate VOC emissions from all oil and gas operations not already covered under Subpart KKK that commence construction, reconstruction, or modification after August 23, 2011.

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Rextag

JANUARY 9, 2025

billion due to macroeconomic and operational factors. billion hit to cash flow from operations due to emission-permit payments in Germany and the U.S., For upstream productioncovering crude oil and natural gas extractionShell expects output of 1.79 million oil-equivalent barrels per day. billion to $3.0

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Drillers

MARCH 24, 2020

Pipeline vandalism, militant attacks on infrastructure, protests and lawsuits are among the issues that have plagued Nigerias oil industry for years. Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. How did this happen?

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Drillers

FEBRUARY 25, 2020

These are both production approaches that work well at conventional wells in formations with excellent permeability characteristics, meaning it is easy to extract the oil from the rock. They also work well with lighter (less viscous) crude oil grades. But not all oil-bearing geology is the same and not all oil is the same.

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Energy Transfer

DECEMBER 10, 2024

According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S. This has occurred even as our country continues to produce more crude oil than any other nation ever has. have fallen 44 percent since 2011. Also of note are advancements U.S.

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Pro-Gas Services

JANUARY 17, 2025

The Fundamentals of Gas Separation Before we dive into the different types of gas separators, let’s first understand the fundamental principles behind their operation. Gas separation relies on the differences in density and gravity between the components of a multiphase mixture (typically gas, oil, and water).

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The Energy Law

SEPTEMBER 6, 2007

Crude oil was up over $2 per barrel. Furthermore, the company announced a strained operating condition warning, which was cancelled on September 3. – Transco Gas Pipeline Corporation released a notice on September 4 regarding firm backhaul transportation service for winter 2007-2008. MMBtu UP $0.17

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The Energy Law

JULY 21, 2016

West Texas Intermediate Crude Cushing OK), and then includes various positive and negative adjustments to that market center price to arrive at the price to be paid for the crude oil. For instance, if the oil is purchased at or near the lease, the particular lease may include a deduction or premium applicable only to that lease.

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Crude Oil Futures

JANUARY 31, 2025

This efficiency has led to a sharp decline in stock prices for companies involved in natural gas production , pipeline operations, and power generation. The oil and gas sector, which has seen static demand for some time, had hoped that AI-driven sectors would increase the need for fossil fuels to power advanced computing systems.

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Rig Skills

FEBRUARY 18, 2019

So its provide a mean to drawworks power source to perform tripping operation. Storage Spool Drilling line storage spool provide extra drilling line storage.When work done by drilling line (Ton-mile) reach to recommended limit, fresh drilling line is added into system by loosening deadline anchor while slip and cut of drilling line operation.

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Drillers

MARCH 19, 2020

Living on an offshore oil rig or a platform, or in living quarters on a vessel attached to a rig, all have similar challenges. Offshore oil fields represent a substantial portion of the worlds total crude oil output. Offshore oil activity is growing, and so is a demand for the workforce on the platforms that pump it out.

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Producer's Edge

JANUARY 20, 2025

Pioneer Natural Resources USA, Inc. ("Pioneer"), a natural gas producer operating in the Permian Basin, entered into a firm contract with MIECO, L.L.C. ("MIECO"), an energy trading firm.

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The Energy Law

SEPTEMBER 29, 2020

1] (“ Bayou Bridge ”) centers around the construction of a crude oil pipeline from the Clifton Ridge terminal in Lake Charles, Louisiana to a marketing hub in St. In contrast, the Court here expressly found that the delegation of authority to pipeline operators was constitutional. Bayou Bridge Pipeline, LLC v. James, Louisiana.

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