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Iraq Files Lawsuit Against U.S. Over Kurdistan Oil Contracts

OilPrice

Iraq has filed a lawsuit against the United States over oil contracts between American companies and the Kurdistan Regional Government (KRG) in northern Iraq, escalating a constitutional dispute that has long threatened to destabilize the countrys energy sector, Reuters reported.

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Nigeria Urges Firms to Boost Oil Output to OPEC Quota

OilPrice

Nigerias government is urging the oil companies operating in the country to collaborate to increase oil output in the producer that hasnt been able to pump to its OPEC quota for years. Nigerias crude oil production averaged 1.4 Nigerias crude oil production averaged 1.4

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UK Oil & Gas: Too Legit to Quit, Even for Labour

OilPrice

When the Labour Party of Keir Starmer won the latest UK elections, it vowed to stop new oil and gas exploration. The Starmer cabinet has stayed true to its word on thatbut it is looking for ways to boost production through other means.

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Brazil Plans to Use $3.5-Billion Oil Fund to Bolster Economy

OilPrice

billion social fund, which collects revenues from oil and gas exploration and production, as approval ratings of President Luiz Inacio Lula da Silva have slumped to a record low. Brazil looks to boost its economy with money from its $3.5-billion

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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360º

(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.

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Environmentalists Seek to Suspend 31 Oil, Gas Licenses in UK’s North Sea

OilPrice

An environmentalist outlet called Oceana has filed a lawsuit seeking to prevent oil and gas exploration and production under 31 licenses for North Sea fields awarded by the UK government back in 2022.

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India Expands Copper Mining Interests in Zambia

OilPrice

Staring in the face of near-stagnant copper production, the Government of India recently announced it had acquired greenfield land in Zambias northwest province with plans to explore