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Negative Prices, Rising Flaring Signal Pipeline Gridlock in Permian

OilPrice

This has become a recurrent challenge in recent years ever since the Permian Shale boom led to a surge in associated gas production. Consequently, Permian gas… Indeed, prices at the hub spent half the year in negative territory, sinking to all-time low -$7/mmbtu at the end of August.

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Adnoc Gas Awards $5bn Contracts

Mees

Adnoc Gas has awarded contracts for the $5bn first phase of its 1.5bn cfd Rich Gas Development project. The project will handle associated gas from Adnoc’s crude expansion projects and puts the UAE a step closer to gas self-sufficiency by 2030.

Gas
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DQOC Boosts Production with Integrated Development Plan

Iraq Business News: Oil & Gas

Regarding associated gas, Shalaka confirmed the completion of the first phase of a gas investment project at Garraf, with a current capacity of 37 million standard cubic feet per day (mmscfd), toward a total planned capacity of 140 mmscfd.

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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.

Gas
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HKN Energy to Develop Iraq's Hamrin Oil Field

Iraq Business News: Oil & Gas

The agreement, signed on Tuesday between North Oil Company (NOC) and the US-based company aims to increase the field's output to 60,000 barrels per day, up from the current 20,000-25,000 bpd, and to capture and utilise 45-50 million standard cubic feet per day (mmscfd) of associated gas for power generation.

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Iraqi PM Discusses Oil & Gas Investment with US Firm

Iraq Business News: Oil & Gas

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

Gas
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Oil Review Middle East - Untitled Article

Oil Review Middle East

bcm of the additional gas flaring. Iran’s 12% increase in flaring is primarily attributable to an equivalent rise in oil production, along with a continued lack of investment in associated gas recovery and utilisation. However reductions in gas flaring were observed in Algeria and Libya , mainly due to lower oil production.

BCM