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Iraq Expands Gas Projects to Curb Flaring

Iraq Business News: Oil & Gas

As part of Iraq's government-backed gas development programme, the Ministry of Oil has reported significant progress in reducing gas flaring and increasing gas utilisation. In liquefied petroleum gas (LPG), production rose from 2 million tonnes in 2024 to 3 million tonnes in 2025. By John Lee.

Gas 59
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How has the U.S. energy use changed since 1776?

Oil & Gas 360º

Fossil fuels—petroleum, natural gas, and coal—accounted for 82% of total U.S. Natural gas is the second-largest source of U.S. Natural gas was once considered a waste byproduct of crude oil production but now has become a common energy source for heating and electricity generation. energy consumption in 2024. Data source: U.S.

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EOG Resources $5.6B Bet on the Utica: What It Could Mean for the Wider M&A Market 

Enverus

This move marks EOG’s first major acquisition since its 2016 purchase of Yates Petroleum. Encino’s backers, including the Canada Pension Plan Investment Board, are capitalizing on favorable gas market conditions and rising demand from LNG exports and data centers. Key takeaways: EOG re-enters M&A  with a $5.6B

IT 130
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US Overtakes Russia as EU No2 Gas Source

Rigzone

Image by AlbertPego via iStock The United States displaced Russia as the European Union’s second-biggest natural gas supplier in the first quarter due to the expiry of imports of Russian pipeline gas via Ukraine at the start of the year, the European Commission has reported. volumes comprised 24 percent or 16.6

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Basra Gas Company to Boost LPG Output

Iraq Business News: Oil & Gas

The Ministry of Oil plans to increase the production of liquefied petroleum gas (LPG) at the Basra Gas Company (BGC) to more than 8,000 tonnes per day in the coming years. The Ministry has increased associated gas investment to over 70 percent, up from 53 percent in the first year of the current government.

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Oil Review Middle East - Untitled Article

Oil Review Middle East

Upstream natural gas spending is set to maintain the levels seen in 2024. Upstream natural gas spending is set to maintain the levels seen in 2024. Together, upstream oil and gas investment for 2025 is forecast at less than US$570bn, a decline of around 4%. trillion going to oil, natural gas and coal. Around US$2.2

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Recoupment of Overpaid Oil and Gas Royalties

Texas Oil & Gas Attorney

The Fifth Circuit Court of Appeals decided an interesting case involving recoupment of overpaid oil and gas royalties. in royalties since 2016. in royalties since 2016. Equitable recoupment is a commonly accepted remedy in the oil and gas industry. In DDR Weinert, Ltd. Ovintiv USA, Inc. , They sold those tracts to DDR.

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