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According to an Oil Ministry statement, technical and engineering teams continue to work efficiently to achieve high completion rates, in line with Ministry of Oil directives to expand production and strengthen infrastructure in Iraq's oil fields. By John Lee.
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026.
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.
Minister of Petroleum and Mineral Resources Karim Badawi held a regular meeting with members of the House of Representatives and the Senate within the framework of enhancing communication and integrated work between the Ministry and the parliamentary councils. He noted that these incentives led to saving part of the import bill by $1.5
On the sidelines of CERAWeek 2025, Minister of Petroleum and Mineral Resources Karim Badawi held meetings with CEOs of international companies to discuss production and investments. In a meeting , Badawi discussed met with Lorenzo Simonelli, CEO of Baker Hughes, the company’s operations in Egypt.
The Oil Ministry has reaffirmed its commitment to the development of the Akkas gas field , with Deputy Minister for Extraction Affairs, Eng. Source: Ministry of Oil) The post Baghdad Reviews Progress at Akkas Gas Field Development first appeared on Iraq Business News.
Minister of Petroleum and Mineral Resources Karim Badawi participated in a roundtable discussion organized by the US Chamber of Commerce in Washington coming in line with strengthening strategic relations between the two countries in the energy sector.
During the meeting, the two sides discussed the latest developments regarding the company’s recent successful drilling activities in the Mediterranean at the north of Alexandria, in which the company is investing in Egypt as a partner with bp, the main operator.
On the sidelines of his participation in CERAWeek 2025, held from March 10-14, 2025, in the USA, Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with Director General for Economic Policy in the German Federal Ministry for Economic Affairs and Energy and Ministry Coordinator for Sustainable Development.
Minister of Petroleum and Mineral Resources Karim Badawi held meetings with Clay Neff, President of Chevron International Exploration and Production, and Dong Sub Kim, President & CEO of Korea National Oil Corporation (KNOC), focusing on investments and capacity building.
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.
For example, one day in the future, businesses like [link] could operate entire fleets of driverless vehicles. These vehicles would operate much more efficiently. These driverless cars also tend to be completely electric in their operation. This is both a blessing and a curse right now. More Extensive Public Transports.
BP (British Petroleum) Central to the success of the BTC Pipeline, which diversified Europes oil supply routes. Expanded operations in Alaska and the North Sea, pushing the boundaries of deepwater exploration. With techniques like CO injection and steam flooding , EOR extended the life of aging fields by decades.
It is expected to rank among the largest petroleum discoveries in the United States, potentially producing as much oil as BP’s Thunder Horse well and half as much as Alaska’s famous North Slope oil field. 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.
Rozel Operating Company, et al. Equitable Petroleum Corporation, et al. Parish of Plaquemines v. ConocoPhillips Company, et al. , and Parish of Plaquemines v. Hilcorp Energy Company, et al. The Defendants picked Parish of Plaquemines v. and Parish of Plaquemines v. Helis Oil & Gas Company, LLC, et al.
Fact: Hesss Guyana operations were so lucrative that some analysts called this deal the crown jewel of 2024. Occidental Petroleums Acquisition of CrownRock Value: $12 billion Date: March 2024 Occidental acquired CrownRocks 70,000 acres in the Permian Basin, adding 50,000 boe/d to its production.
for alleged damage to its property arising out of Chevron’s and its predecessor’s oil and gas operations in the Sardine Point Field from 1959 through 1991. 5/25/21), 2021 WL 2102932, —So. In this case, Lexington Land sued Chevron U.S.A., million purchase price.
Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. The country’s first field began producing in 1958 at a rate of 5,100 BPD. That was formed in 1977 under the name National Nigeria Petroleum Company.
for alleged damage to its property arising out of Chevron’s and its predecessor’s oil and gas operations in the Sardine Point Field from 1959 through 1991. 5/25/21), 2021 WL 2102932, —So. In this case, Lexington Land sued Chevron U.S.A., million purchase price.
for alleged damage to its property arising out of Chevron’s and its predecessor’s oil and gas operations in the Sardine Point Field from 1959 through 1991. 5/25/21), 2021 WL 2102932, —So. In this case, Lexington Land sued Chevron U.S.A., million purchase price.
Between turbulent economic market conditions and the transformation of the global energy landscape, upstream oil and gas organizations face increasing pressure to exploit new finds and enhance recovery from existing fields. In this volatile business climate, data is a key differentiating asset.
Offshore oil fields represent a substantial portion of the worlds total crude oil output. An oil platform operates around the clock, and while the work is divided in shifts, these shifts are long, so you would need to be able to last for 12 hours straight and even more than that if you are just beginning. In 2015, this portion was 30%.
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.
Occidental Petroleum & Ecopetrols Partnership: Occidental Petroleum (Oxy) continued to expand its Permian operations through a joint venture with Colombian oil company Ecopetrol. By late 2024, 12 new offshore projects were set to increase production by 0.231 MMBbl/d, helping offset declining output from aging fields.
The final audit report must be submitted to the agency, and it must include any adjustments made by the auditor to any draft reports provided to the owner or operator for their review or comment. The owner or operator would be required to prepare an exercise report, which would be provided to local responders and made available to the public.
In a statement on Saturday, the Ministry said it has called on Kurdistan authorities to hand over the produced quantities from operationalfields to the State Oil Marketing Organization (SOMO) to begin exports via the Iraq-Turkey pipeline and Ceyhan Port, under contracts signed with the nominated companies.
s March 2019 permit to construct and operate cross-border pipeline facilities at the U.S.-Canada Background The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S Canada border in Montana. Constitution.
s March 2019 permit to construct and operate cross-border pipeline facilities at the U.S.-Canada The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S Canada border in Montana. Constitution. Background.
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