Oil & Gas 360º

APRIL 21, 2025

Ballymore, the latest in a series of Chevron projects to start up in the past year, represents another step towards the companys goal to produce 300,000 net barrels per day of oil equivalent from the Gulf in 2026. Malo facilities.

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Egypt Oil & Gas

APRIL 14, 2025

Minister of Petroleum and Mineral Resources, Karim Badawi, convened a high-level meeting with heads and representatives of international oil companies (IOCs) operating in Egypt. Badawi opened the session by expressing his gratitude for the effective and successful partnership forged with international companies.

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Iraq Business News: Oil & Gas

MARCH 31, 2025

Al-Sudani has announced that Iraq's refining capacity will soon reach 1,542,000 barrels per day (bpd) following the expansion of key refineries. He highlighted that this project had been stalled since 2014 but was revived as part of the government's strategy to restart delayed energy initiatives. By John Lee. Prime Minister Mohammed S.

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Reporting Oil and Gas

NOVEMBER 28, 2023

million barrels, according to Finance Minister Ken Ofori-Atta. million barrels, the TEN field produced 5.02 million barrels, and the Sankofa-Gye Nyame field yielded 8.46 million barrels. million barrels produced in the same period in 2022. million barrels on behalf of the state. However, this marked a 9.54

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Iraq Business News: Oil & Gas

FEBRUARY 9, 2025

Kirkuk Governor Ribwar Taha Mustafa has signed a contract for the construction of the Kirkuk Refinery , which has a planned production capacity of 70,000 barrels per day (bpd). The refinery will be built by Sulaymania-based Rania Group , and will reportedly cost around $2 billion.

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Iraq Business News: Oil & Gas

FEBRUARY 11, 2025

The Iraqi Ministry of Oil has announced plans to expand Maysan [Missan] Refinery by adding a new refining unit with a capacity of 70,000 barrels per day (bpd), increasing the refinery's total output to 110,000 bpd.

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

Crude oil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. Thats its lowest in decades, according to Reuters , as the company has admitted it is struggling with crude quality.

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Valor

FEBRUARY 24, 2025

per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. million barrels per day (bpd) in 2024 to 13.6 government has approved the GulfLink deepwater oil export terminal off the Texas coast, marking another step in expanding American crude export infrastructure. The EIA forecasts U.S.

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Iraq Business News: Oil & Gas

APRIL 3, 2025

Chemchemal investment decision Building on the immense potential of the Chemchemal field, the Pearl Petroleum partners also announced commencement of activities to appraise the Chemchemal Cretaceous reservoir and initiate production of up to 71 MMscfd during 2026.

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Drillers

MARCH 24, 2020

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. That was formed in 1977 under the name National Nigeria Petroleum Company. The government has been fighting the illicit refineries for years. How did this happen?

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The Energy Law

JULY 26, 2013

By Greg Johnson and Stephen Wiegand In a July 17, 2013 decision, the United States Court of Appeals for the Fifth Circuit vacated a $6 million dollar penalty levied under the Clean Water Act (“CWA”) against CITGO Petroleum Corporation (“CITGO”) and remanded the matter to the Western District of Louisiana for further consideration.

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The Energy Law

JUNE 13, 2017

As a result of the collision, approximately 750 barrels of light crude oil discharged into the river. The statute is designed to promote quick, efficient cleanup and internalize costs within the petroleum industry. Following the spill, the U.S. Coast Guard designated Settoon the OPA Responsible Party.

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Oil & Gas 360º

MARCH 10, 2025

Disciplined Leadership and Governance: The combined business will continue to be led by the Whitecap executive team, who have a long track record of operational excellence, financial discipline, strong safety performance and are focused on generating strong returns to shareholders. Boe may be misleading, particularly if used in isolation.

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Rextag

FEBRUARY 24, 2025

Occidental Petroleum & Ecopetrols Partnership: Occidental Petroleum (Oxy) continued to expand its Permian operations through a joint venture with Colombian oil company Ecopetrol. government has resumed large-scale lease sales for oil and gas drilling on federal lands and offshore areas. is expected to produce 13.5

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Iraq Business News: Oil & Gas

JUNE 21, 2025

Gulf Keystone Petroleum (LSE: GKP) provided an operational and corporate update ahead of its AGM on Friday, reaffirming its 2025 production and financial guidance despite regional uncertainties. Regarding exports, Gulf Keystone continues to engage with government stakeholders to resume oil exports through the Iraq-Türkiye Pipeline (ITP).

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Iraq Business News: Oil & Gas

MARCH 20, 2025

Gulf Keystone Petroleum (GKP) today announced its results for the full year ended 31 December 2024. bbl) Gross operating costs per barrel decreased 21% to $4.4/bbl By John Lee. Shares were trading up more than two percent at lunchtime. We have sustained our positive momentum into 2025, with year to date gross average production of c.46,400

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Permian Basin Oil and Gas Magazine

MAY 1, 2025

On April 23, Abbott signed the first law of this years legislative session, a bill creating a new regulation-cutting agency inspired by Elon Musks federal Department of Government Efficiency (DOGE). What this law is going to do is make government more efficient and less costly. million over the next five years.

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Oil & Gas 360º

MARCH 27, 2025

to become the worlds top oil producer, stealing market share from the Organization of the Petroleum Exporting Countries (OPEC) and other top producers. million barrels per day (bpd), a record level and nearly half the all-time high 13.5 At 12-to-1, it would be nearly $8 a barrel. The Permian is pumping 6.5 produced in December.

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Oil & Gas 360º

MARCH 11, 2025

(BOE Report) –CALGARY The Alberta government says Premier Danielle Smith has been in talks with a multinational oil and petrochemical player about selling two million barrels per month of province-owned heavy oil.

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Oil & Gas 360º

APRIL 17, 2025

OPECs second-largest producer aims to reduce shipments by roughly 100,000 barrels a day to an average of 3.2 million barrels a day in May, the official said, asking not to be identified as the figures arent public. OPEC+ uses oil production rather than exports to measure compliance with its targets.

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Oil & Gas 360º

APRIL 15, 2025

The cartel lowered demand growth projections for 2025 and 2026 by about 100,000 barrels a day (bpd), projecting an expansion of 1.3 million barrels a day or approximately 1% for each year, according to a report from its secretariat in Vienna. anticipates sees consumption rising by 500,000 bpd.

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Oil & Gas 360º

MARCH 13, 2025

a barrel at 10:25 a.m. West Texas Intermediate crude futures fell 39 cents, or 0.6%, to $67.29a barrel. government data showed tighter-than-expected oil and fuel inventories. million barrels, more than the 1.9 million barrels per day, expanding 1.7 Brent futures were down 37 cents, or 0.5%, at $70.58 With the U.S.

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Oil & Gas 360º

MARCH 12, 2025

per barrel, while U.S. Elsewhere, the Organization of the Petroleum Exporting Countries backed its forecast for relatively solid growth in oil demand this year, noting that air and road travel would help drive consumption higher. Further government data on U.S. By 11:00 ET (15:00 GMT), Brent futures had gained 1.8%

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Oil & Gas 360º

APRIL 30, 2025

a barrel by 1305 GMT. million barrels last week, market sources said on Tuesday citing American Petroleum Institute data. government data is due at 10:30 a.m. crude oil stocks numbers for last week to show an increase of 400,000 barrels. Brent crude futures were down 77 cents, or 1.2%, at $63.48 API/S] U.S.

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Oil & Gas 360º

MAY 29, 2025

a barrel, and West Texas Intermediate crude futures dropped 0.6% US oil inventories see major drawdown – API Data from the American Petroleum Institute showed on Wednesday that U.S. million barrels (mb) in the past week, in contrast to expectations for a build of 1 mb. oil inventories shrank by 4.24

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Enverus

MARCH 20, 2025

Shale and Alberta Oil Among these developments are OPEC+’s decision to unwind cuts; Brent, the world’s benchmark crude oil trading in the low $70s per barrel; and the increasing global trade uncertainty given President Donald Trump’s tariff tactics. Strategic Petroleum Reserve might offer some price support.

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Permian Basin Oil and Gas Magazine

APRIL 28, 2025

The Chinese economy struggled throughout 2024 despite government stimulus to try to jump start growth. Strategic Petroleum Reserve (SPR) right to the top and export American energy all over the world. And then theres China to consider. Most directly, he said he plans to re-fill the U.S.s

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Oil & Gas 360º

MAY 12, 2025

billion to replenish and maintain the Strategic Petroleum Reserve, and cancels a congressionally mandated sale, following huge sales from the facility in 2022. The facility has the capacity to store about 727 million barrels and currently holds about 399 million barrels. (Investing) –WASHINGTON -A U.S.

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Oil & Gas 360º

MARCH 10, 2025

President Donald Trumps first 47 days in office have been marked by a rapid overhaul of government and policy, including mass layoffs and the reversal of many of the policies of the previous administration. Trumps policies on trade and foreign policy have, however, threatened to drive up the cost of millions of barrels of oil that U.S.

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Oil & Gas 360º

JUNE 13, 2025

Energy Secretary Chris Wright said it’s “unlikely” the country’s oil production will drop next year, contrary to the expectations released this week by a government agency. Strategic Petroleum Reserve should be completed this year, Wright said. (World Oil) – U.S. The Energy Information Administration revised down its view of U.S.

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