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The Association of the Petroleum Industry of Kurdistan (APIKUR) has welcomed it described as renewed and intensified negotiations between the Kurdistan Regional Government (KRG) and the Government of Iraq (GoI) aimed at resuming oil exports via the Iraq-Türkiye Pipeline (ITP). By John Lee.
The facility will play an instrumental part in supporting the country’s crude production goals The Otakikpo terminal was developed in two years—six months ahead of schedule. Improved fiscals introduced through Nigeria’s Petroleum Industry Act in 2021 further enticed investments by both international and regional players.
The United States has pushed the Iraqi government to finalise an agreement with international oil companies (IOCs) to resume crudeoil exports through the Iraq-Turkey Pipeline (ITP). companies.
Kazakhstan has increased in February its crudeoil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crudeoil production surged by 15.5%
Minister of Petroleum and Mineral Resources Karim Badawi attended the General Assembly meeting of the Middle East Oil Tankage & Pipelines (MIDTAP) company to discuss its 2024 performance. The total volume of petroleum products traded on the company’s marine dock reached 4.7 million tons in 2024, compared to 1.6
We are discovering previously unknown hydrocarbon deposits one after the other and further strengthening the country’s security of supply: with the oil deposits in Vecss and Tura and the natural gas fields in Eastern Hungary, we have reached a five-year peak in domestic production. billion m3) of domestic production.
Pipelines LLC , No. filed) was whether South Texas Pipelines LLC (“STX”), a subsidiary of Enterprise Products Partners L.P., had the power of eminent domain to condemn an easement across the appellants’ (“Landowners”) land for a new pipeline to transport polymer grade propylene (PGP).
Kyari was the longest-serving CEO of the NNPC, which become a company in 2021 under a new petroleum law passed by the West African nations government. The new board has been asked to conduct a strategic review of NNPC-operated and joint venture assets to ensure alignment with value-maximization objectives, Onanuga said.
The Association of the Petroleum Industry of Kurdistan (APIKUR) has said its member companies will not resume crudeoil exports via the Iraqi-Trkiye Pipeline (ITP) until the Government of Iraq (GOI) guarantees contract sanctity and payment for past and future exports. By John Lee.
Some of the world’s most prominent families and business magnates – including the Nobel brothers and Rothschilds – invested heavily in Baku’s oil fields. Pipelines, refineries, and export terminals followed, creating a full-scale oil ecosystem.
EACOP together with its tier One Contractor for Line Pipe- Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited (PCK) through their National Content implementing partner in Uganda, Avanti … Read More The post UGANDA: EACOP Conducts Orbital Trainings at Uganda Industrial Research Institute appeared first on oilnewsafrica.
This came during the general assembly meeting of the Middle East Oil Refinery (MIDOR), attended by the Minister of Petroleum and Mineral Resources, Karim Badawi, to discuss and review the companys fiscal year results in 2024.
HRT is directly connected to the Hardisty Diluent Recovery Unit, an innovative facility which separates diluent from raw bitumen prior to rail transportation, allowing for a competitive netback for upstream producers versus pipeline alternatives. McDaniel & Associates Consultants Ltd.,
and/or Canadian governments increases the rate or scope of the tariffs effected on March 4, 2025 , and were subsequently paused on March 6, 2025 , if they come into effect in the future, or imposes new tariffs on the import of goods from one country to the other, including on oil and natural gas, (ii) the U.S.
It is part of a broader buildout, including two new pipelines and a 319-acre tank farm. crudeoil inventories increase by 4.6 crudeoil inventories rose by 4.6 crudeoil inventories increase by 4.6 crudeoil inventories rose by 4.6 Total petroleum inventories increased by 0.2
According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S. This has occurred even as our country continues to produce more crudeoil than any other nation ever has. have fallen 44 percent since 2011. Also of note are advancements U.S.
The Oil Industry of Nigeria If anyone asks Chevron or Shell, for example, how they feel about Nigeria, the response would probably be that they were tired of problems, at least if they were honest. Production grew fast, and today, Nigeria pumps close to 2 million BPD, which makes it the largest producer of crudeoil in Africa.
Oil and Gas Basins: Growth, Challenges, and 2025 Outlook Permian Basin (Texas & New Mexico) The Undisputed Leader 2023-2024 Overview The Permian Basin has remained the most important oil-producing region in the United States, supplying nearly 46% of the nations crudeoil output in 2024. crudeoil investments.
(World Oil) – The plunge in oil prices over the past week was more severe than the markets dynamics justify, and the drop may be short-lived, according to Canadian energy executives gathered in Toronto. and chairman of the Canadian Association of Petroleum Producers.
This shift will increase transport costs and travel times, with Mexican oil likely heading to Asia and Canadian oil expected to be discounted for US markets. Logistical issues like limited pipeline capacity and shipping risks might moderate these changes. Most imports go to Eastern Canada. No, It Cannot!
Department of State also announced sanctions on six entities and four vessels for significant transactions involving Iranian petroleum products, under Executive Order 13846. Department of the Treasury: Treasury Targets Diverse Networks Facilitating Iranian Oil Trade Today [3rd July 2025], the U.S. Full statement from the U.S.
Shale and Alberta Oil Among these developments are OPEC+’s decision to unwind cuts; Brent, the world’s benchmark crudeoil 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.
The $8-billion project is expected to see peak production of 160,000 barrels of oil per day, beginning in 2029, according to 2020 estimates but since then, this has been revised up to a maximum of 180,000 barrels per day (bpd). The pipeline for the Pikka project is expected to be completed by the end of 2025.
oil majorsExxon Mobil(NYSE: XOM ) andChevron(NYSE: CVX ) later this week. PRODUCTION RISING Several members of OPEC+, which comprises the Organization of the Petroleum Exporting Countries and its allies, will suggest an acceleration of output hikes for a second consecutive month in June, sources told Reuters last week.
Section 6 of the Order revoked TransCanada Keystone Pipeline, L.P.’s s March 2019 permit to construct and operate cross-border pipeline facilities at the U.S.-Canada Critical to the success of this project is TC’s attainment of a Presidential Permit allowing the company to construct a pipeline that crosses the border between the U.S.
Section 6 of the Order revoked TransCanada Keystone Pipeline, L.P.’s s March 2019 permit to construct and operate cross-border pipeline facilities at the U.S.-Canada The Keystone Pipeline is a system of petroleumpipelines designed to transport crudeoil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S
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