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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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Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

(World Oil) – Citing the latest Current Employment Statistics (CES) report from the U.S. This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction. In May, Texas energy producers paid $411 million in oil production taxes, according to the Texas comptroller’s office.

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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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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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Namibia considers incentives to expedite TotalEnergies’ offshore development

Oil & Gas 360º

(World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency. But the explorers have also hit dry wells, prompting them to write off drilling costs as they learned more about the fields.

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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.