Iraq Business News: Oil & Gas

FEBRUARY 24, 2025

According to what the Ministry described as data issued by secondary sources approved by OPEC , Iraq's crude oil production in January 2025 stood at 3.999 million barrels per day (bpd), reflecting adherence to agreed production levels. Alexander Novak, Russian Deputy Prime Minister. Haitham Al Ghais, OPEC Secretary-General.

Mechanic 45

Mechanic Oil Crude Oil Pipeline 45

Oil & Gas 360º

JUNE 3, 2025

Estimates of potential resources may change significantly as development of our properties by our operators provide additional data.

Royalty 130

Royalty Energy Energy Basin 130

Pro-Gas Services

JANUARY 17, 2025

Suitable for Foamy Crude: Vertical separators are particularly well-suited for handling foamy crude oil, as their design minimizes the impact of foaming on separation efficiency. Their vertical orientation allows for efficient gravity separation in applications with lower gas-to-liquid ratios.

Gas 40

Gas Exploration and Production Downstream Operator 40

The Energy Law

APRIL 5, 2018

The ATHOS I was contracted to deliver crude oil from Venezuela to a syndicate of CITGO interests, collectively referred to as “CARCO.” The allision resulted in a spill of approximately 264,000 gallons of crude oil into the Delaware River. As the designated responsible party under the Oil Pollution Act (“OPA”), 33 U.S.C.

Casing 40

Casing IT E&A Oil 40

Crude Oil Futures

OCTOBER 24, 2024

India and China have agreed to disengage their troops along certain sections of the LAC and establish mechanisms for military-level communication to prevent further clashes. In recent years, there have been tentative efforts to de-escalate tensions. However, progress has been slow, and the risk of renewed confrontations remains high.

Mechanic 52

Mechanic Manufacturing IT Energy 52

Rextag

JANUARY 6, 2025

GEOPOLITICS AND ENERGY: NAVIGATING GLOBAL TURBULENCE Fact: The Strait of Hormuz remains a critical chokepoint, with 20% of global oil supply passing through annuallyits potential closure in 2024 spiked crude oil prices by 15% within days. COP29 Outcomes: Held in Azerbaijan, COP29 resulted in a $1.3

Offshore 40

Offshore Exploration and Production Finance Oil 40

Rig Skills

FEBRUARY 18, 2019

Blow Out Prevention System What is Blow Out A blowout is the uncontrolled release of crude oil and/or natural gas from an oil well or gas well after pressure control systems have failed What is Blow Out Preventor (BOP) BOP is an assembly of specialized valves or similar mechanical devices installed, during drilling, between the wellhead system and (..)

Drilling rig 52

Drilling rig Derrick Operator IT 52

Energy Outlook Advisors

MAY 14, 2025

The Objective of Market Management: Historical Evidence It was the discovery of a process to extract Kerosene from crude oil that made oil commercially valuable in 1859. It replaced whale oil that was widely used for illumination; an action that almost led to whale extinction. Extreme volatility returned with vengeance.

Exploration and Production 152

Exploration and Production Management Oil Government 152

OilPrice

APRIL 8, 2025

A mechanical bang startled an on-site worker enough to shut down the flow of oil within about two minutes. The crude spill, now confined to a field, hasnt yet been quantified, but emergency crews are on the scene. The pipeline remains shut.

Pipeline 360

Pipeline Crude Oil Mechanic Oil 360

Oil & Gas 360º

MAY 28, 2025

(Investing) –LONDON/MOSCOW -OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while OPEC+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July. Angola quit the group in 2024 over a disagreement on its production target.

Mechanic 130

Mechanic Barrel Oil Petroleum 130

McKinsey

JUNE 24, 2025

In addition, many of China’s largest imports from the United States, such as crude oil, midsize cars, and corn, are widely exported by other countries, too. This would be an increasingly relevant mechanism over the course of months or years (depending on the product), which we have generally not simulated.

Exploration and Production 130

Exploration and Production Electronics Electronics Manufacturing 130

Crude Oil Futures

JUNE 3, 2025

In light of the latest development, the price of crude oil and LNG, liquified natural gas, rose on Monday and continue to be at an elevated level, despite the evidence of market saturation by the commodity. He, however, intermittently raises the stakes by saying military response is still on the table.# respectively.

Oil 52

Oil Crude Oil Completion Mechanic 52

Crude Oil Futures

JANUARY 3, 2025

President Trump may have been emboldened by the fact that the US has been the biggest oil producer in the world for the past 6 years; in 2023, for instance, the US produced 12.9 million bpd, when the global production was 96.4

Energy 52

Energy Energy Crude Oil Oil 52

Oil & Gas 360º

MAY 16, 2025

The export mechanism in the authorization has allowed the firm to recover almost the entire amount, but some dividend payments are still pending from PDVSA, one of the sources said. company was blocked from having access to proceeds in Venezuela. The government of President Nicolas Maduro has fiercely rejected the U.S.

Oil 130

Oil Operator Mechanic Government 130

Oil & Gas 360º

JULY 10, 2025

The American SPR is the world’s largest emergency oil storage, able to hold 714 million barrels, or the equivalent of 35 days of U.S. oil consumption, when full. But it contained only 403 million barrels of crude oil as of July 4, according to government data, which is far below the record level of 727 million barrels reached in 2010.

Oil 130

Oil IT Crude Oil Barrel 130