Iraq Business News: Oil & Gas

JUNE 8, 2025

In liquefied petroleum gas (LPG), production rose from 2 million tonnes in 2024 to 3 million tonnes in 2025. To expand storage capacity, the Ministry completed 8 of 16 spherical LPG tanks, each with a 3,000-cubic-metre capacity, adding 24,000 cubic metres overall.

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Gas Field Dry Gas Associated Gas 59

Permian Basin Oil and Gas Magazine

JULY 11, 2025

producers slowing their drilling and completion activity this year. million b/d in 2024. Energy Information Administration reduced its forecast for crude oil production this year. In its Short-Term Energy Outlook released Tuesday, EIA said, “Declining oil prices have contributed to U.S. As a result, we forecast U.S.

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Crude Oil Basin Completion Barrel 64

Egypt Oil & Gas

JUNE 10, 2025

The Petroleum Projects and Technical Consultations Company (PETROJET) has completed the manufacturing of high-quality subsea systems that will be exported to Angola as part of a development project in the African country. The post PETROJET Completes Manufacturing Sub-Sea Systems for Export to Angola first appeared on Egypt Oil & Gas.

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Manufacturing Completion Consulting Petroleum 52

Rigzone

JULY 14, 2025

has completed the sale of its producing oil and gas assets in Greater Angostura in Trinidad and Tobago to Perenco Group for AUD 206 million ($135.18 Perenco already produces hydrocarbons in the country through its operated Teak, Samaa and Poui fields, acquired 2016, and the Cashima, Amherstia, Flamboyant and Immortelle fields, acquired 2024.

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Completion Exploration and Production Field Gas 67

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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Derrick Hand Drilling rig Consulting Derrick 52

Oil Gas Leads

JULY 18, 2025

From triple-frac mega pads to fully automated completions, here are the top five trends defining hydraulic fracturing in 2025: 1. Triple-Frac Efficiency: Chevron’s Breakthrough Chevron is scaling a triple-frac strategy in the Permian, completing three wells simultaneously. The result?

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Hydraulic Fracturing Gas Consulting Oil 52

Oil Gas Leads

JULY 21, 2025

bpd (2024) → 13.4M bpd (2024) → 13.4M bpd (2024) → 13.4M bpd (2024) → 13.4M Rig Count: Increased by 7 rigs to 544 — first weekly gain in 12 weeks , and the largest since December. bpd (2025) Gas Output: EIA sees an increase to 105.9 Bcf/d in 2025 from 103.2 bpd (2025) Gas Output: EIA sees an increase to 105.9

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Natural Gas Gas Consulting Engineering 52

Rextag

JUNE 20, 2025

Whitecap Resources and Veren have completed a CA$15 billion (US$10.43 The drop follows a surge in 2024 driven by the Trans Mountain pipeline expansion, which added 600,000 bpd of export capacity and sparked record lease demand. billion) all-share merger, officially announced on May 12, 2025. In March, Synergy Land Services Ltd.

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Gas Oil Natural Gas Condensate 52

Rextag

JULY 7, 2025

The Federal Clean Electricity Regulations (CER), finalized in December 2024, establish annual emissions limits for fossil fuel power plants, effectively phasing out coal and gas over three decades. For context, capacity grew just 8% from 2020 to 2024. Coastal GasLink, the connecting pipeline, also employed over 25,000 people.

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Energy Energy Gas Natural Gas 59

Oil Gas Leads

JUNE 11, 2025

Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. In Q4 2024 , Mach’s production averaged 86.7

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Operator Gas Oil Basin 52

McKinsey

JULY 10, 2025

2),” Eurostat, accessed June 2024; “Employment by sex, age, and detailed economic activity (from 2008 onwards, NACE Rev.2 2 two digit level)—1000,” Eurostat, accessed June 2024. In 2024, the European Commission set the CO 2 emission allowance cap at nearly 1.4 percent reduction factor for 2024 to 2027 and 4.4

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Transportation Exploration and Production Pipeline Offshore 67

Oil Gas Leads

JUNE 10, 2025

Permian Basin Marketing Kit – Only $25 Purchase Now Includes – Permian Basin Account List, Rig Report, Wells Drilled 2025 and Well Permits 2025 Permit Totals Down 16% Year-over-Year From January to June 2025, new well permits in the Permian totaled approximately 3,828 , based on daily activity and forecasted June completions.

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Operator Basin Completion Oil 52

Oil & Gas 360º

JUNE 6, 2025

as of December 31, 2024. This transaction, combined with the sale of our East Finn assets in 2023, completes our exit from the United States, allowing us to focus on our core gas-weighted assets in Canada and Europe,” Vermilion said in a statement.

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Energy Energy Consulting Completion 130

Rigzone

JULY 23, 2025

for Q2 2024. Equinor has now completed $2.465 billion toward a 2025 repurchase program of up to $5 billion. onshore assets in 2024, and higher production from these assets, contributed to a 28 percent increase in oil and gas production from U.S. Adjusted earnings per share came at $0.64, compared to $0.84 per share for Q2 2025.

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Maintenance Gas Offshore Natural Gas 105

Oil Gas Leads

JULY 14, 2025

According to our analysis, 24 drilling rigs that were active in the Midland region during 2024 have not returned to drill in 2025 — a clear signal that the slowdown is real and gaining momentum. West Texas by the Numbers The Midland Region saw a net reduction of 24 rigs compared to 2024. West Texas, the heart of U.S.

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Basin Operator Drilling rig Oil 52

Rextag

JULY 21, 2025

The deal focuses on high-value properties in the Kakwa region of Alberta, aligning with ARC’s strategy to expand its Montney presence following the September 2024 divestiture of its non-core Montney assets for US$59.2 ARC Resources Ltd. has finalized its acquisition of Montney Basin oil and gas assets from Strathcona Resources Ltd.

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Energy Energy Natural Gas Oil 40

Rigzone

JUNE 19, 2025

Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Petronas, MOL Form CO2 Transport JV by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 4:35 AM EST The partners already completed the front-end engineering design for a 62,000-cubic-meter LCO2 transport vessel. and Mitsui OSK Lines Ltd.

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Transportation Completion Basin Oil 79

Rextag

JUNE 14, 2025

The group, known as the Stonlasec8 Indigenous Alliance LP, secured CA$400 million in loan guarantees from the newly launched Canada Indigenous Loan Guarantee Corporation (CILGC), a federal entity created in December 2024 to help Indigenous communities gain access to capital and participate in major infrastructure projects.

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Pipeline Natural Gas BCF Midstream 52

Rigzone

JULY 22, 2025

“The consideration will be split into a $40 million payment due on completion, $40 million payable at the earlier of field development plan approval or 30 June 2026, and $40 million payable over five years from the third quarter of 2028 onwards”, Tullow said. The sale is expected to be completed this year.

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Energy Energy Probable Reserves E&P 95

Rigzone

JUNE 20, 2025

billion cubic feet) of EU gas imports in the fourth quarter (Q4) of 2024, according to the Commission’s latest quarterly gas market report. The EU imported a total of 70 Bcm in the October-December 2024 period. “The average utilization of this capacity was ‘only’ 42 percent in 2024”, the analysis said.

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Gas Oil BCM Pipeline 75

Oil Gas Leads

JUNE 25, 2025

Hal Mead , Asset Manager: Project completed on time, under budget, with no injuries. Mark Woodward , Reservoir Engineer: Enhanced economics justify initial investment.

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BBL Engineering Engineer Basin 52

Rigzone

JUNE 27, 2025

When completed, the project will supply 125 billion standard cubic feet (Bcf) per day of natural gas to the domestic market, Petrovietnam said in a news release. By 2024, the total output of the project was more than 426 million barrels and more than 216 Bcf of gas, bringing in total revenue of more than $31 billion, Petrovietnam said.

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BCF Field Natural Gas Exploration and Production 62

Oil Gas Leads

JUNE 28, 2025

Purchase Complete Directory – Only $10.00 Permian Wells Drilled 2024 – Number of wells drilled in the Permian in 2024. Wells Drilled US 2024 – Total wells drilled in the US 2024. Permian Wells Drilled 2023 – Number of wells drilled in the Permian in 2023. Wells Drilled US 2023 – Total wells drilled in the US 2023.

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Oil Drilling rig Rig Operator Gas 52

Producer's Edge

APRIL 18, 2025

This is normally completed through an addendum or “special provisions.” Questions remain whether a party must prove full and complete causation – and how damages should be calculated when a party’s non-performance was only partially caused by a force majeure event. ” PUC of Tex. Luminant Energy Co.

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Gas Natural Gas Casing BCF 52

Oil Review Middle East

JULY 1, 2025

As we continue our transformation, we are proud to support the nation’s strategic energy goals and reinforce our position as a leader in integrated drilling and completion solutions.”

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Hydraulic Fracturing Completion Operator Offshore 52

Permian Basin Oil and Gas Magazine

JUNE 23, 2025

Actually, it was in late 2024 that the wireline sector witnessed a big move, when Axis Energy Services merged with Brigade Energy Services to create what the combined company—Dallas-based Axis Energy Services LLC —described as the largest well servicing company in America. Pintail’s 2024 revenues topped more than $400 million.

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Basin Hydraulic Fracturing Operator Completion 59

Oil & Gas 360º

JUNE 24, 2025

It was only supposed to take about two years to complete. Argentina’s negotiators left the annual UN climate talks in 2024 and reports earlier this year suggested Milei was considering withdrawing from the Paris climate pact altogether. As of 2021, 11 G20 peer reviews had been completed.

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Completion Government IT Oil 130

Rigzone

JULY 15, 2025

Capable of carrying up to 11,000 tons of weight, the vessel can transport three complete wind turbines in a single trip. Its cranes were upgraded in 2024 and are now able to lift 1,600 tons. In April, the construction of an operations and maintenance base in Leba was completed. Onshore construction is also ongoing.

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Offshore Completion Topsides Energy 62

Oil & Gas 360º

JUNE 25, 2025

Abu Dhabi National Oil Company considered a takeover in 2024, but did not proceed, Reuters reported. BP’s valuation could improve if it completes its $20 billion asset disposal plan by 2026. Companies seen as potential suitors have included British rival Shell , along with U.S. oil majors such as Exxon Mobil or Chevron.

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Blowout Oil IT Completion 130

Rigzone

JULY 4, 2025

The company said in a media release production resumed following major site upgrades in 2024 and 2025. In 2024, a significant upgrade of the site’s production facilities and bund area was initiated and completed in May. In June 2025, Keddington produced a total of 992 barrels of oil over 23 days, with an average of 10.4

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Exploration and Production Infill Drilling Sidetracking Barrel 62

Oil Gas Leads

JUNE 22, 2025

Purchase Complete Directory – Only $10.00 Wells Drilled 2024 – Total wells drilled in 2024. Albert Oil & Gas Operator Directory is a list of Oil & Gas operations in the St. Ticker Symbol – Publicly traded stock ticker symbol (if applicable). Rig Count – Number of rigs operating in the U.S.

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Gas Oil Drilling rig Rig Operator 52

Oil Gas Leads

JUNE 30, 2025

Oklahoma’s rig count remains above 2024 levels , despite a weekly dip.

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Consulting Oil Engineering Engineer 52

Oil & Gas 360º

JUNE 23, 2025

Progress on the previously announced Glacier Phase 2 continues on time and, despite tariffs and inflation, within 10% of the budget set at the Final Investment Decision on July 9, 2024. Fabrication is underway on all long lead items, including the Solar T130 gas-fired turbine, with construction set to begin this summer.

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Operator Royalty Management Completion 130

Oil Gas Leads

JUNE 9, 2025

Capex trends : E&Ps to cut spending 3% in 2025 vs. 2024 2024: Flat spending 2023: +27%, 2022: +40%, 2021: +4% Crude Output Forecast (EIA) : 2024: 13.2 million bpd (record) 2025: 13.4

Gas 52

Gas Oil Engineering Engineer 52

Marcellus Drilling News

JULY 10, 2025

In May of 2024, CNX Resources Corp., billion project that, if completed, would make sustainable aviation fuel (SAF) at PIT from coalbed methane gas (see CNX, KeyState Partner with Pittsburgh Airport on H2 Aviation Fuel). KeyState Energy, and Pittsburgh International Airport (PIT) announced they were working together on a $1.5

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Sustainable Sustainability Completion Gas 157

Rigzone

JULY 3, 2025

“Six months on, the November 2023 cuts are on course to be completely unwound, inventories remain very low … the prompt market remains backwardated and the previous market fears of historic surplus have morphed into a general acceptance that fundamentals entered the year far stronger than consensus believed,” they continued.

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Barrel Oil Energy Gas 75

Oil Gas Leads

JULY 11, 2025

Now, Pantheon is refocusing its efforts on the Dubhe-1 appraisal well, targeting the Ahpun Topset horizon , a reservoir with 282 million barrels of liquids and 804 Bcf of gas , according to a June 2024 report by Cawley Gillespie & Associates. The Nabors 105AC rig is currently mobilizing to the site.

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Exploration and Appraisal Basin BCF Exploration Well 52