Iraq Business News: Oil & Gas

MAY 8, 2025

Genel Energy has issued a trading and operations update relating to Q1 2025. The operational performance delivered from the Tawke and Peshkabir fields, together with the significant cost efficiency, continues to set these fields apart from others in the region. By John Lee.

Energy 97

Energy Energy Exploration and Production Pipeline 97

Iraq Business News: Oil & Gas

MARCH 18, 2025

Results summary ($ million unless stated) 2024 2023 Average Brent oil price ($/bbl) 81 82 Average realised price per barrel 35 47 Production (bopd, working interest) 19,650 12,410 Revenue 74.7 Operating loss (52.4) (10.3) Cash flow from operations 66.9 Basic LPS from continuing operations ( per share) (22.5) (6.1)

Energy 66

Energy Energy Exploration and Production BBL 66

Oil & Gas 360º

MARCH 10, 2025

Visible Long-Term Synergies: Visible operating, capital and corporate synergies which, in addition to supply chain efficiencies, can generate meaningful savings. Anticipated annual synergies of over $200 million can be achieved independent of commodity prices and will begin to be captured upon closing of the transaction.

Energy 130

Energy Energy Exploration and Production Natural Gas 130

Oil Gas Leads

MARCH 3, 2025

With a strategic focus on capital discipline, operational optimizations, and infrastructure enhancements, Whitecap is well-positioned to navigate commodity price volatility while delivering strong production growth and shareholder returns. share) at US$70/bbl WTI Free Funds Flow: $550 million Net Debt: Maintained under $1 billion with a 0.3x

Sustainable 52

Sustainable Sustainability Basin BBL 52

Oil Gas Leads

MAY 5, 2025

crude price differential has narrowed to under $10/bbl Alberta gains ~$740M in revenue for every $1 improvement in the differential Will this Crown-owned asset pay off? Some believe it will if it operates for decades to come. Indigenous groups like Project Reconciliation remain interested in ownership.

Pipeline 52

Pipeline HSE BBL Management 52

Oil Gas Leads

MAY 28, 2025

The company started the year with 9 active rigs , scaled back to 7 rigs by the end of Q1 , and plans to operate just 6 rigs for the remainder of the year. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.

Spud-in 52

Spud-in Basin Energy Energy 52

Egypt Oil & Gas

MARCH 25, 2025

Among the most prominent of these discoveries are the West Fewebs-1X well with a production capacity of 6,400 barrels of oil per day (bbl/d) and 25.5 Additionally, 60 recompletion operations were carried out, resulting in an achievement rate of 87% for crude oil and condensates, and 86% for natural gas.

Petroleum 52

Petroleum Exploration and Production Hydraulic Fracturing Crude Oil 52

OilPro

MARCH 16, 2020

So w hat to do when your client says “but I really want a Canadian-style, non-field erected, engineered, shop-built 2,500 Bbl tank”? These operate in a narrow band as they cannot over-draw. API 650 Guideline 2,500 Bbl tanks and then truck them to site. The shipping costs tend to exceed fabrication costs.

API 52

API BBL Foremen Engineering 52

Oil Gas Leads

MAY 11, 2025

shale operators must be relentless in their pursuit of cost efficiency. That level of performance is only possible through structural cost reductions across drilling, fracing, facility development, and production operations. operators are proving that shale can surviveand thriveat $40 breakevens. The top U.S.

Sustainable 52

Sustainable Sustainability Oil Basin 52

Rextag

APRIL 24, 2025

The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. poised to expand LNG export capacity , interest in gassy basins has surged.

Gas 52

Gas BCF BBL Exploration and Production 52

Oil Gas Leads

MAY 11, 2025

oil production resilience depends on two pillars: An inventory of low-cost projects (sub-$40/bbl) Sustained operational activity to avoid decline and cost inflation Insights from the top oil & gas CEOs reinforce this modelbut they also reveal growing concern about capital discipline and production headwinds. Takeaway : U.S.

Sustainable 52

Sustainable Sustainability Oil Basin 52

Oil Gas Leads

MAY 15, 2025

In Q1 2025 earnings calls, top influencers like Darren Woods (ExxonMobil), Ryan Lance (ConocoPhillips), and Vicki Hollub (Oxy) revealed how operators are navigating volatility, driving efficiencies, and expanding into new, high-margin markets. All of the operational efficiencies are on the back of that consistency.

Gas 52

Gas Oil Basin Operator 52

Rextag

JANUARY 21, 2025

With M&A activity accelerating, companies are securing inventory and refining their operations to meet future demand. shale sector is experiencing a robust wave of mergers and acquisitions (M&A) as companies seek to bolster inventory and scale their operations. CONSOLIDATION GAINS MOMENTUM AMID INVENTORY CONCERNS The U.S.

IT 40

IT Gas Oil BBL 40

Oil Gas Leads

MAY 2, 2025

This was part of a global 20% increase in production, fueled by: The Pioneer Natural Resources acquisition Continued development in the Permian Basin Structural cost savings and operational efficiencies Permian production alone helped add 767,000 barrels of oil equivalent per day (boe/d) to Exxons total output, a significant portion of its 4.55

Upstream 52

Upstream Basin Consulting Engineering 52

Rextag

APRIL 24, 2025

The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. poised to expand LNG export capacity , interest in gassy basins has surged.

Gas 40

Gas BCF BBL Exploration and Production 40

Rextag

MAY 8, 2025

to 5 million tonnes/year Financial Snapshot Adjusted Operating Income: $8.65 billion in cash flow from operations (before tax/working capital) and $7.39 BP Q1 2025 Performance BPs first quarter of 2025 reflects a strong operational footing and notable project milestones, despite a year-over-year decrease in profitability.

Exploration and Production 40

Exploration and Production Energy Energy Basin 40

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. In 2024, Ecopetrol invested $880 million into drilling new wells, with 91 wells planned for completion in 2025. Louisiana led the U.S. However, U.S.-China

Basin 40

Basin Oil Gas Exploration and Production 40

Iraq Business News: Oil & Gas

MARCH 20, 2025

Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "2024 was a year of strong operational and financial delivery for Gulf Keystone. As a result, we are pleased to announce today the declaration of a $25 million interim dividend as we reiterate our 2025 operational and financial guidance. bbl (2023: $40.9/bbl)

BBL 64

BBL Exploration and Production Operator Pipeline 64