Iraq Business News: Oil & Gas

JUNE 8, 2025

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.

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Rigzone

JUNE 11, 2025

Image by frantic00 via iStock ADNOC Gas PLC on Tuesday said it had approved phase one of the Rich Gas Development (RGD) project in the United Arab Emirates and awarded $5 billion worth of contracts. ’s gas processing and sales arm said in an online statement. The bulk at $2.8

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Oil & Gas 360º

JULY 16, 2025

(EIA) – In 2024, the United States consumed about 94 quadrillion British thermal units (quads) of energy, a 1% increase from 2023, according to our Monthly Energy Review. Fossil fuels—petroleum, natural gas, and coal—accounted for 82% of total U.S. Natural gas is the second-largest source of U.S. In 2022, U.S.

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McKinsey

JULY 17, 2025

” McKinsey, March 21, 2023. Another option—carbon-capture technology added to natural gas plants—faces challenges in becoming cost-competitive. Applying best practices from the oil and gas sector will be instrumental to achieving these improvements. 2 “ What will it take for nuclear power to meet the climate challenge?

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IT Hydraulic Fracturing Energy Energy 100

Marcellus Drilling News

JUNE 13, 2025

During EQT Corporation’s third quarter 2023 update and conference call (held in October 2023), the company announced “two of the largest, long-term physical supply deals ever executed” for 1.2 billion cubic feet per day (Bcf/d) of EQT’s molecules.

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Mees

JULY 25, 2025

UK major Shell announced on 23 July that it has taken a final investment decision on its Mina West gas discovery in Egypt’s offshore Mediterranean. 500bcf discovery was made in the North East El Amriya block in late 2023 (MEES, 24 November 2023).

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Oil & Gas 360º

JULY 1, 2025

(BOE Report) – Global imports of liquefied natural gas (LNG) ticked higher in the first half of 2025 as stronger European demand pulled cargoes away from Asia. per mmBtu in February is also higher than any price recorded in 2024 and was the most since December 2023. Total imports of the super-chilled fuel were 208.62

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Oil Gas Leads

JUNE 11, 2025

private) (N/A – private; high gas focus) (N/A – private) ~7–9 rigs in Oklahoma (2025) (21 wells drilled in 2023) Note: MBOE/d = thousand barrels of oil equivalent per day. Indeed, industry data indicates Ovintiv added an extra rig in Oklahoma early 2025 as gas prices improved.) Liquids” includes crude oil and NGLs.

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Oil & Gas 360º

JULY 18, 2025

(BOE Report) – LONDON, July 18 – The high-stakes clash between Exxon Mobil and Chevron over a prized South American oilfield may be a sign of what’s to come in the oil and gas industry as competition for a shrinking pool of prime assets heats up. producer in October 2023 with its acquisition of U.S.

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Oil & Gas 360º

JUNE 23, 2025

At the end of 2023, Eni agreed to sell 9% in Plenitude to Energy Infrastructure Partners (EIP). For years, Eni has been taking a different approach to conventional and green energy development, unlike any of the other major international oil and gas firms. billion (2 billion euros), Eni said on Monday.

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Rigzone

JULY 7, 2025

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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Permian Basin Oil and Gas Magazine

JULY 4, 2025

COG Operating announced June 27 resolves a contentious dispute between surface estate owners and mineral estate holders “with far reaching implications for the water midstream sector and upstream oil and gas industry.” COG said it owned the produced water and sued, the trial court agreed with COG, and the court of appeals affirmed.

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Oil & Gas 360º

JUNE 23, 2025

The company broke ground on the construction of the facility in February 2023, with the development of storage facilities and the associated pipeline advancing in February 2024.

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Oil Gas Leads

JUNE 22, 2025

Albert Oil & Gas Operator Directory is a list of Oil & Gas operations in the St. Albert area of Alberta home to some of Canada’s top oil and gas companies in Western Canada, one of the most prolific oil and gas-producing regions in the world. Wells Drilled 2023 – Total wells drilled in 2023.

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Oil Gas Leads

JULY 21, 2025

oil and gas drilling activity saw a notable rebound this past week, driven primarily by a surge in natural gas rigs. According to the latest Baker Hughes Rig Count, the total number of active rigs rose by seven—the largest weekly gain since December—reflecting growing optimism in the gas sector as prices climb.

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Oil Gas Leads

JUNE 9, 2025

Formed in 2023 and backed by Bayswater Management , Tejon Treating & Carbon Solutions is rapidly establishing itself as a cornerstone in the Permian Basin’s sour gas infrastructure landscape. Together, these permits form an integrated system: gathering sour gas → compressing → treating → delivering gas or NGLs.

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Permian Basin Oil and Gas Magazine

JULY 11, 2025

million b/d in 2023 and 13.21 production this year from previous forecast appeared first on Permian Basin Oil and Gas Magazine. On an annual basis, we now forecast crude oil production will average 13.37 million b/d in both 2025 and 2026.” production of crude oil was 11.99 million b/d in 2022, 12.93 million b/d in 2024.

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Oil Gas Leads

JUNE 19, 2025

Oil & Gas Contact Directory Flowback Consultants and Well Testers Contact List Completions Engineer Contact List Completions Consultant Contact List Drilling Engineer Contact List Drilling Consultant Contact List The post ConocoPhillips & PD 868: Robotics Redefining Drilling in the Canada appeared first on Oil Gas Leads.

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Permian Basin Oil and Gas Magazine

JUNE 13, 2025

The inventory of proposed gas power plants in Texas as reported Wednesday by Environmental Integrity Project includes multiple plants in Permian Basin. During Texas legislative sessions of 2023 and 2025, lawmakers provided a total of $10 billion in public financing of low-cost loans for new gas plants, according to The Texas Tribune.

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Rigzone

JULY 7, 2025

Image by Yutthana Gaetgeaw via iStock According to the Energy Institute’s (EI) latest statistical review of world energy, which was released recently, the world’s top natural gas producer last year was the United States. exajoules of natural gas in 2024, which represented a yearly reduction of 0.3 produced 37.19

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Natural Gas Gas Energy Energy 83

BOE Report

JUNE 20, 2025

energy firms this week cut the number of oil and natural gas rigs operating for an eighth week in a row for the first time since September 2023, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell [Read more]

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Oil Review Middle East

JUNE 11, 2025

The RGD project will enable the development of new gas reservoirs, which are key to boosting liquid gas exports, supporting gas self-sufficiency in the UAE, and providing essential feedstock to the country’s growing petrochemical industry. Habshan is one of the largest gas process complexes in the world.

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Oil & Gas 360º

JULY 1, 2025

2 shale gas reserve and No. Vaca Muerta has hit production of over 400,000 barrels per day of oil and some 70 million cubic meters of gas per day. In 2023, Preska awarded $14.4 The government of pro-market libertarian Javier Milei said it would appeal the ruling to “defend national interests.”

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Rigzone

JULY 8, 2025

Image by Midnight Studio via iStock According to the Energy Institute’s (EI) latest statistical review of world energy, which was released recently, the world’s top natural gas consumer in 2024 was the United States. exajoules of natural gas last year, which represented a 1.3 natural gas demand was 26.00 consumed 32.5

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Oil Gas Leads

JULY 8, 2025

Executive Summary: Williston Basin Operator Activity (2023–2025) The Williston Basin remains a critical component of U.S. This report profiles 36 active operators —each of which has spud at least one new well since 2023 —providing a detailed look at production volumes, drilling activity, core acreage, and strategic focus.

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Valor

JUNE 9, 2025

June 9, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Read more Natural gas price outlook – Natural gas gaps lower to start the week Summary : Natural gas prices opened the week with a gap lower amid weak demand and uncertainty over U.S.

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Valor

JUNE 30, 2025

June 30, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Newsom’s 2023 law to penalize oil companies for excess profits, a policy that has not yet been implemented. This comes as California gas prices hit $4.61 in 2023 to 46.4 decline to 603.6

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Valor

JULY 21, 2025

July 21, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Read more US drillers add oil/gas rigs for first time in 12 weeks, Baker Hughes says Summary : For the first time in 12 weeks, the U.S. million bpd and a 68% gas price hike will boost gas output to 105.9

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Oil & Gas Magazine

JULY 10, 2025

Esta coinversión se enmarca en el acuerdo estratégico, por valor de 15 mil millones de euros, firmado por Iberdrola y Masdar durante la conferencia climática COP28 de la ONU en diciembre de 2023, para desarrollar conjuntamente proyectos de energía limpia en mercados clave como Alemania, el Reino Unido y los Estados Unidos con el compromiso de triplicar (..)

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Oil Gas Leads

JUNE 9, 2025

drilling activity continued to decline last week, marking the sixth consecutive weekly drop in the national rig count—something not seen since late 2023. Oil rigs drove the decline with a loss of 9, while gas rigs rebounded with a gain of 5. June 9, 2025 U.S. Here is a summary of the U.S. Here is a summary of the U.S.

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Oil & Gas 360º

JUNE 19, 2025

Stockpiles there are now the lowest since December 2023. Energy Information Administration (EIA). The bulk of the decline came from the U.S. Gulf Coast, a key region that accounts for most U.S. oil exports.

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Rigzone

JUNE 20, 2025

Algeria’s national oil and gas company Sonatrach SpA has the majority stake of 51 percent in accordance with Algerian law. Algeria contributed 154 million cubic feet a day of gas and 21,000 barrels per day of liquids to TotalEnergies’ 2024 production, according to the company’s annual report.

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Oil & Gas 360º

JULY 14, 2025

(Oil & Gas 360) – Register for EnerCom Denver – The Energy Investment Conference, August 17-20, 2025 , featuring a broad group of public and private energy companies at www.enercomdenver.com at The Westin Denver Downtown. London, Mexico City, and Shanghai.

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BOE Report

JUNE 6, 2025

energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since September 2023, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell [Read more]

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Rig Operator Gas Oil Natural Gas 52

Egypt Oil & Gas

JUNE 13, 2025

Prime Minister Mostafa Madbouli held a meeting on Friday afternoon to review the government’s plan to secure the country’s needs of oil and natural gas following the Israeli military operation in Iran. The post Madbouli Heads Meeting to Ensure Adequate Oil and Gas Supply first appeared on Egypt Oil & Gas.

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Oil & Gas 360º

JUNE 19, 2025

For the past 30 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas and broadening energy industry that is open to all energy companies, investors, and professionals to participate. This year’s conference will occur August 17-20, 2025, at T he Westin Denver Downtown.

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Rigzone

JULY 3, 2025

“We expect ministers will continue the unwinding of the November 2023 tranche of cuts, increasing targets by 411,000 barrels per day for the fourth successive month,” the analysts said in the report. million barrels per day,” they added. million barrels per day in the third quarter of this year and a 0.2

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