Iraq Business News: Oil & Gas

JUNE 8, 2025

By John Lee. 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. It says the Ministry has raised associated gas capture from 53% to 70%, and dry gas production from 1,300 to 1,800 million standard cubic feet per day (mmscfd).

Gas

Rextag

JULY 24, 2025

Strong Operational Performance and Growing Project Pipeline Kinder Morgan currently transports approximately 8 billion cubic feet per day (bcfd) of natural gas to LNG export terminals under long-term contracts and expects this to rise to 12 bcfd by 2028. Kinder Morgan Inc. The company posted $4.04 About Kinder Morgan Kinder Morgan, Inc.

Natural Gas

Enverus

JUNE 18, 2025

The day after the announcement, Fervo secured an additional $206 million in project financing for its Utah Cape Station project, which is expected to deliver 100 MW of clean baseload power by 2026 and an additional 400 MW by 2028. Developers are eyeing nuclear energy, natural gas with CCS, and recently, geothermal.

Natural Gas

Oil Review Middle East

JUNE 11, 2025

Between 2026 and 2028, the global LNG market is set to experience its largest ever capacity growth, with the USA set to nearly double its export capacity. Global refinery investment in 2025 is set to fall to its lowest level in the past 10 years. Battery storage investments are also climbing rapidly.

Upstream

Mees

JULY 4, 2025

Muscat is mulling a 3.8mn t/y fourth train by 2028, which even if prices drop from current levels will yield sizeable revenue gains. Oman LNG generated a record $6.5bn in revenues last year as it ran its three-train 11.4mn t/y facility above nameplate capacity.

IT

Iraq Business News: Oil & Gas

JULY 22, 2025

Prime Minister Al-Sudani reiterated Iraq's goal to fully utilise all associated gas produced from its oil fields by 2028. The talks focused on potential cooperation and investment opportunities, including the development of oil fields and the capture of associated gas.

Gas

CNBC: Energy

JUNE 21, 2025

Use is projected to double or triple by 2028, the agency said. electricity by 2028, up from 4.4% households Published Sat, Jun 21 2025 5:30 AM EDT Greg Iacurci @GregIacurci WATCH LIVE Key Points Electricity prices for households have risen quickly and are expected to outpace U.S. inflation in coming years, experts said.

Finance

McKinsey

JULY 10, 2025

percent for 2028 to 2030, based on ETS directive, “Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a M9 system for the greenhouse gas emission allowance trading within the M9 Union and amending Council Directive 96/61/EC,” European Union, March 1, 2024. percent, dropping to around 0.8

Transportation

Rigzone

JUNE 20, 2025

“As of 2025, the LNG global supply is set to grow significantly - and at increasingly fast pace - with 33 bcm of additional capacity in 2025, more than 50 bcm in 2026, nearly 70 bcm in 2027, and 50 bcm in 2028. This will increase the total LNG capacity by about 200 bcm by 2028, five times more than the EU imports of Russian gas.

Gas

Oilfield Technology

JULY 22, 2025

The infrastructure will transport and permanently store up to an initial 4 million tpy of CO 2 with start-up expected in 2028. NEP, via the Endurance saline aquifer and adjacent stores, has access to up to 1 billion t of CO 2 storage capacity.

Hydraulic Fracturing

Rextag

JULY 2, 2025

Nonetheless, industry executives argue that modern infrastructure is critical for reducing energy costs for consumers and ensuring reliable supply—especially as the U.S. maintains its position as the world’s top natural gas producer and LNG exporter.

Natural Gas

Rigzone

JULY 25, 2025

billion cubic meters per year by 2028, with total investments of more than $8 billion”, Eni said. “With an equity production of about 137,000 barrels of oil equivalent per day in 2024, Eni stands as the most important international company operating in the country [Algeria]”, it added.

Energy

Oil Gas Leads

JULY 24, 2025

Thanks to recent tax reforms in the “One Big Beautiful Bill,” CNX now projects it will not owe material federal taxes until 2028 or 2029—extending the runway for shareholder returns and strategic reinvestment. CNX Resources continues to demonstrate why it’s one of the most resilient and forward-thinking players in the U.S.

Operator

Rigzone

JULY 23, 2025

Engineering and project management will begin immediately in Subsea7 offices in Norway and the United Kingdom, with offshore installation activities expected in 2026 through 2028. Image by curraheeshutter via iStock Subsea 7 S.A. The company said it defines a large contract as having a value between $300 million and $500 million.

Offshore

Rigzone

JUNE 10, 2025

The company has lined up numerous supply deals with global producers, mainly for LNG, building a portfolio that’s seen as part of preparations for privatization, which Berlin is seeking to complete by the end of 2028. The region increasingly depends on global flows after losing most of its Russian pipeline gas in 2022.

Gas

BOE Report

JUNE 27, 2025

billion revolving credit facilities have been extended by one year, from May 2028 to [Read more] (TSX: BTE) (NYSE: BTE) (“Baytex” or the “company”) is pleased to announce that it has received strong support from its lending syndicate to extend its bank credit facilities.

Energy

Rigzone

JUNE 23, 2025

Delivery is set to start 2028. Scarborough gas will be processed at Pluto LNG, where Woodside is building a second train. Pluto train 2 is designed to process around five million metric tons a year of LNG. It is expected to start LNG production 2026. In May 2024 JBIC agreed to lend Woodside $1 billion for the Scarborough gas project.

Natural Gas

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. for at least $120 million in cash. for $300 million in cash, net of tax.

Energy

Oilfield Technology

JULY 14, 2025

Representing the first deepwater oil production in Mexico, the project is a joint venture between Woodside Energy and Petróleos Mexicanos (PEMEX), with first oil targeted for 2028. Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles.

Hydraulic Fracturing

Rigzone

JUNE 9, 2025

tripled over the past decade and could double or triple by 2028, when data centers would account for about 6.7-12 The sector’s power consumption is projected to surge to between 325 and 580 tWh by 2028, according to the report. GW by Jov Onsat | Rigzone Staff | Monday, June 09, 2025 | 10:30 AM EST Iberdrola's U.S.

Manufacturing

Rigzone

JULY 1, 2025

On-site, Ameren Missouri will install its first large-scale lithium-ion batteries, capable of being charged when excess energy is available. Both will also take advantage of the existing infrastructure on Ameren Missouri-owned land.

Energy

Rigzone

JULY 24, 2025

Start-up is targeted 2028. Image by Oleksii Liskonih via iStock TotalEnergies SE said Wednesday it has unlocked new production of 60,000 barrels per day (bpd) gross in Angola with the start-up of Begonia and CLOV Phase III. Begonia, 150 kilometers (93.21 miles) off the coast of the Central African country, has a capacity of 30,000 bpd.

Offshore

Oil Gas Leads

JULY 26, 2025

M&A and Portfolio High-Grading: Building for the Long Haul Strategic M&A is back—but it’s smarter. Instead of empire-building, operators are high-grading portfolios: ExxonMobil is blending Pioneer’s acreage with its heritage Permian assets, prioritizing cube-style drilling and advanced proppants.

Gas

Rigzone

JULY 2, 2025

The plan also eyes 885 MW of battery energy storage capacity, 611 MW of gas power via coal conversions, 550 MW from natural gas, 344 MW of energy efficiency and 20 MW of incremental demand response. The company expects its peak load to grow by around 1,700 MW over the 20 years, with nearly 1,000 MW in the next five years.

Natural Gas

Rigzone

JUNE 26, 2025

“At the Melfi site, Plenitude has also designed an Energy Community for Marelli under the Individual Remote Self-Consumption (AID) configuration”, Eni said May 28. It was referring to an Italian model in which a single end customer utilizes energy from nearby renewable plants at the customer’s designated withdrawal points.

Energy

Rigzone

JULY 15, 2025

Startup is targeted for 2028. Image by Funtay via iStock CF Industries Holdings Inc. said Monday it had fired up the dehydration and compression unit of its carbon capture and storage (CCS) project with Exxon Mobil Corp. at its Donaldsonville complex in Louisiana. In April 2025 ExxonMobil said it has brought in Calpine Corp.

Pipeline

Rigzone

JUNE 24, 2025

Plenitude plans to reach 10 GW of renewable capacity by 2028. Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Eni Sells 20 Percent of RE Unit to Ares by Jov Onsat | Rigzone Staff | Tuesday, June 24, 2025 | 6:40 AM EST Eni signed a deal to divest 20 percent of Plenitude to Ares for around EUR 2 billion. for around EUR 2 billion ($2.32

Completion

Oil Gas Leads

JULY 4, 2025

As we enter the second half of 2025, Chevron Corporation (NYSE: CVX) is sharpening its strategic focus across shale, LNG, and energy innovation. Despite market volatility and regulatory uncertainty, Chevron remains committed to disciplined growth and technological leadership. Scaling U.S. mtpa at Energy Transfer’s proposed Lake Charles LNG terminal.

Basin

Oil Gas Leads

JUNE 23, 2025

coast and expected online between 2027 and 2028 , potentially doubling Canadian LNG export capacity by the end of the decade. mtpa) at its terminal in Kitimat, British Columbia. This milestone marks the beginning of Canada’s entry into the global LNG export market , with the first export cargo expected to load by mid-year. What’s Next?

Gas

Rigzone

JUNE 30, 2025

Phase 1 is targeted to go online November 2028 while phase 2 would become operational a year later. The other, by WBI Energy of MDU Resources Group Inc., is planned to transport up to 760,000 Dthd of gas. Planned to be developed in two phases, it would stretch a total of 375 miles with 30-inch and 24-inch segments.

Pipeline

Oil & Gas 360º

JULY 23, 2025

Oklo has a DOE site permit for its first reactor at the Idaho National Labs with plans for commercial operation by 2028. a leading energy consulting and strategic communications firm, announces an unprecedented lineup of nuclear energy companies scheduled to present on Wednesday, August 20, the final day of the 2025 EnerCom Denver Conference.

Energy

Rigzone

JULY 13, 2025

Enstor plans to begin construction immediately and anticipates the expansion to be in service by 2028. The total injection capacity will rise to 1.90 MMDth/day, while the withdrawal capacity will stay at 2.40 MMDth/day, as previously certified before the expansion.

BCF

Mees

JUNE 13, 2025

25 Apr, 2025 Aramco-Sinopec’s Yasref Planned Petrochemicals Expansion Takes Shape 11 Apr, 2025 Saudi’s Advanced Petchems Slumps To Rare Loss 28 Mar, 2025 Saudi Arabia’s Luberef Profits Drop 36% Amid Rising Feedstock Costs 28 Mar, 2025 Get Our Headlines Weekly Keep abreast with current events with our weekly headlines.

Transportation

Oil & Gas Journal

JULY 28, 2025

First oil is targeted for 2028. July 28, 2025 2 min read 95931355 © Alena Redchanka | Dreamstime.com Woodside Energy has let a contract to Weatherford International plc to deliver managed pressure drilling (MPD) services for the Trion project, a deepwater oil production project in Mexico. The service provider said in a July 28 release.

Exploration and Production

Rigzone

JUNE 9, 2025

They expect to make an FID this year and deploy the unit in 2028. Last year YPF signed a project development agreement with Shell PLC for Argentina LNG, putting the planned phase 1 capacity at 10 MMtpa at the time. Last month Golar LNG Ltd.

Gas

Rigzone

JULY 17, 2025

“We currently have long-term contracts to move almost 8 billion cubic feet per day of natural gas to LNG facilities and, upon completion of projects under construction, that amount is expected to grow to almost 12 Bcf/d by the end of 2028”, said chief executive Kim Dang. Kinder Morgan’s natural gas pipelines carried 44.59

Natural Gas

Rigzone

JULY 2, 2025

The delivery period will run from January 1, 2026, to December 31, 2028, the company said in a media release. Image by Pixelci via iStock German utility Uniper SE has signed a deal to supply the state of Baden-Wuerttemberg with 86 gigawatt hours (GWh) of solar electricity per year for three years, or around 258 gigawatt hours.

Drivers