Oil & Gas 360º

JUNE 23, 2025

(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.

Gas

Oil & Gas 360º

AUGUST 8, 2025

(Oil Price) – In a major U-turn in energy policy, Mexico has unveiled a 10-year plan to reverse a years-long decline in oil and gas production by tapping more unconventional resources through fracking. natural gas, mostly via pipelines, have jumped thanks to new pipelines built between the U.S. government data.

Gas

Oil & Gas 360º

JULY 7, 2025

(Investing) – A consortium led by ExxonMobil (NYSE: XOM ) has discovered a natural gas reservoir off the coast of Cyprus, according to a government announcement on Monday. The drilling operation found preliminary indications of a 350-meter gas-bearing reservoir at a depth of 1.9

Gas

Oil & Gas 360º

JULY 18, 2025

(BOE Report) – LONDON, July 18 – The high-stakes clash between Exxon Mobil and Chevron over a prized South American oilfield may be a sign of what’s to come in the oil and gas industry as competition for a shrinking pool of prime assets heats up. government in 1911. energy sector. million bpd by the end of 2027.

Oil

Aresco

JULY 14, 2025

When people think of the origins of the oil industry, their minds often go to Titusville, Pennsylvania, where Edwin Drake drilled the first successful oil well in the United States in 1859. While this site is historically significant, it is not the true birthplace of the oil well.

Oil

OilPrice

JULY 21, 2025

oil and gas giants ExxonMobil and Chevron are in discussions about development opportunities in Iraq’s oilfields with the government, according to the Iraqi oil ministry. Last year, Exxon quit the giant Iraqi oilfield West Qurna 1, handing over control of the operations to PetroChina, the state-controlled Chinese firm.

Government

Oil & Gas 360º

JUNE 27, 2025

(World Oil) – Tokyo Gas Co. liquefied natural gas suppliers to secure a long-term purchase agreement, as rising energy demand leaves Japan increasingly dependent on the fuel source. Japan’s largest gas distributor is in talks with at least four companies over supply from projects dotting the U.S. gas production.

Gas

Iraq Business News: Oil & Gas

JUNE 8, 2025

As part of Iraq's government-backed gas development programme, the Ministry of Oil has reported significant progress in reducing gas flaring and increasing gas utilisation. In liquefied petroleum gas (LPG), production rose from 2 million tonnes in 2024 to 3 million tonnes in 2025. By John Lee.

Gas

Offshore Energies UK

AUGUST 7, 2025

The mechanism provides a government-guaranteed price for the wind energy generated. If the market price falls below the guarantee the government covers the difference and if it rises the wind turbine operators refund the extra to the government.

Government

OilPrice

JULY 30, 2025

Mexico has issued $12 billion worth of new debt in a bid to provide support for its troubled oil and gas company, Pemex. The issue matures in 2030 and is denominated in dollars, Bloomberg reported, citing an unnamed source.

Instrumentation

Iraq Business News: Oil & Gas

JULY 11, 2025

The meeting addressed the execution of major energy projects under existing contracts with international companies, particularly in natural gas investment aimed at achieving self-sufficiency. Source: Office of the Prime Minister) The post Iraqi PM Discusses Gas Investment with Shell first appeared on Iraq Business News.

Gas

Oil & Gas 360º

JULY 2, 2025

(World Oil) – Chevron Corp. and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Waha Oil Co., Eni SpA and Exxon Mobil Corp. million bpd.

Exploration and Production

Iraq Business News: Oil & Gas

JULY 18, 2025

The Iraqi Cabinet, headed by Prime Minister Mohammed Shia Al-Sudani, held an emergency session on Thursday and issued a series of binding decisions regarding oil production and financial coordination with the Kurdistan Regional Government (KRG). A joint auditing team will verify and classify non-oil revenues from May 2025 onward.

Oil

Iraq Business News: Oil & Gas

JULY 15, 2025

The Ministry of Oil has signed an agreement in principle with HKN Energy to develop the Hamrin field in northern Iraq. He noted the importance of investing in associated gas to help power electricity generation stations. The KRG and Iraq's federal government have disagreed over the legitimacy of that contract. By John Lee.

Field

Rigzone

JULY 21, 2025

Brent Crude $68.75 -0.77% Natural Gas $3.32 -6.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS USA EIA Reveals Latest USA Crude Oil Production Forecast by Andreas Exarheas | Rigzone Staff | Monday, July 21, 2025 | 8:27 AM EST The U.S. crude oil production forecast in its July short term energy outlook.

Crude Oil

Oil & Gas 360º

AUGUST 1, 2025

(Oil Price) – Chevron will transfer part of the oil it produces in Venezuela to the Maduro government, Bloomberg has reported , citing unnamed sources. federal government from making any cash payments to the Venezuelan government. The deal follows the U.S. Chevron specifically was banned by the U.S.

Oil

Iraq Business News: Oil & Gas

JULY 22, 2025

oil services firm Morgan Hughes , led by the company's Vice President Gregory Bloom, in a meeting held on Tuesday and attended by Steven Fagin, Chargé d'Affaires at the U.S. The talks focused on potential cooperation and investment opportunities, including the development of oil fields and the capture of associated gas.

Gas

Oil & Gas 360º

AUGUST 4, 2025

(World Oil) – Partners in Kazakhstan’s second-largest oil field won a case in a local court over environmental fine that could have exceeded $4 billion, the venture said. Kazakhstan previously sought to fine the Kashagan oil field venture partners for about 2.3 trillion tenge, or $5.1 billion at the time but $4.2

Oil

Rigzone

JULY 17, 2025

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Iraq Agrees on Oil Plan With Kurds by Bloomberg | Khalid Al-Ansary | Thursday, July 17, 2025 | 4:00 PM EST Iraq approved a plan for its semi-autonomous Kurdish region to transfer oil to Baghdad.

Oil

Oil & Gas 360º

JUNE 23, 2025

(World Oil) – Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal, situated in OML 11 near Port Harcourt. GEIL has since received regulatory approval from the government to boost production to 30,000 bpd under a revised field development plan.

Field

Oil & Gas 360º

JUNE 17, 2025

(BOE Report) – The Mexican association that groups major global oil services companies warned that it is going through an “unprecedented crisis” due to the lack of payments from the state-owned oil company Pemex, the world’s most indebted energy company.

Shutdown

Iraq Business News: Oil & Gas

AUGUST 6, 2025

Iraq's Minister of Oil, Hayan Abdul Ghani, has reportedly announced that the country will resume crude oil exports through the Ceyhan pipeline to Turkiye either today (Wednesday) or tomorrow. Source: INA) The post Iraq "to Resume Oil Exports via Turkiye this week" first appeared on Iraq Business News. By John Lee.

Oil

Rigzone

JULY 7, 2025

Image by yusnizam via iStock Petroliam Nasional Berhad (Petronas) has formalized several key agreements with the Sabah government, focusing on the responsible development of the state’s energy resources. Petronas added that the partnerships build on the Commercial Collaboration Agreement it signed with the state government in 2021.

Gas

Offshore Energies UK

JULY 11, 2025

Offshore Energies UK (OEUK) has today proposed key reforms to accelerate offshore wind generation following the government’s publication of its Review of Electricity Market Arrangements (REMA). There is only one energy supply chain for offshore wind and oil and gas – and it cannot be allowed to decline.

Offshore

McKinsey

JULY 17, 2025

Another option—carbon-capture technology added to natural gas plants—faces challenges in becoming cost-competitive. 3 “Geothermal energy throughout the ages,” Government of Alberta, 2025. Applying best practices from the oil and gas sector will be instrumental to achieving these improvements.

IT

Iraq Business News: Oil & Gas

JULY 14, 2025

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).

Oil

Oil & Gas 360º

JULY 7, 2025

(World Oil) – Companies hired by TotalEnergies SE to build a $20 billion gas project in northern Mozambique have started preparing to resume work on the venture, four years after it was suspended because of a militant insurgency, according to people familiar with the matter. A Total representative declined to comment.

Government

Rigzone

JULY 29, 2025

“For the first time, a test shipment of gas is being delivered through the Transbalkan route along the Bulgaria-Romania-Ukraine corridor”, Naftogaz said in a statement online. million) to Naftogaz, complemented by a EUR 139 million grant from the Norwegian government. billion ($224.63 billion each. billion ($224.63

Gas

Oil Review Middle East

JULY 18, 2025

Global gas flaring at upstream oil and gas facilities has risen for a second year in a row, according to the World Bank’s annual Global Gas Flaring Tracker Flaring rose by 2% to 151 billion cubic meters (bcm) in 2024, the highest level in almost two decades. bcm of the additional gas flaring. The solutions exist.

BCM

Rigzone

JULY 17, 2025

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Will All Oil and Gas Companies Have to Adopt GenAI? Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Will All Oil and Gas Companies Have to Adopt GenAI?

Gas

Rigzone: News

AUGUST 4, 2025

0% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS B.C. 0% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS B.C. Government Provides Cedar LNG with Additional Funds by Rocky Teodoro | Rigzone Staff | Monday, August 04, 2025 | 9:00 AM EST The agreement aims to support the Haisla Nation in building a 287-kilovolt transmission line.

Government

Rigzone

JULY 17, 2025

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Oil Rises on Tight Supply Signals by Bloomberg | Staff | Thursday, July 17, 2025 | 4:03 PM EST Oil rebounded on tighter supply signals and upbeat U.S. Oil Prices WTI for August delivery gained 1.7% demand data.

Oil

Oil & Gas 360º

JULY 1, 2025

(Oil Price) – Kazakhstan’s crude oil output jumped 7.5% Total oil and condensate production rose to 2.15 Chevron began a $48 billion expansion at Tengiz earlier this year, which has helped fuel Kazakhstan’s rapid supply growth despite a weak global oil price environment. in June to 1.88 million in May.

Oil

Oil & Gas 360º

JULY 30, 2025

Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. News & World Report and Best Lawyers “Best Law Firms” 2023 survey ranked Haynes Boone in National Tier 1 in Oil & Gas Law.

Management

Oil & Gas 360º

JULY 9, 2025

(World Oil) – bp Plc and Shell Plc signed agreements with Libya’s National Oil Corp (NOC) to study new opportunities, joining international majors accelerating their return to the oil-rich African nation. We hope to apply bp’s experience from redeveloping and managing giant oil fields around the world.”

Exploration and Production

Iraq Business News: Oil & Gas

JULY 27, 2025

The Ministry of Oil has inaugurated the Central Gas Processing Facility at the Al-Faihaa [Fayhaa, Block 9] oil field in Basra, with a capacity of 130 million standard cubic feet per day (MMSCFD). He emphasised that gas projects such as this are critical for ensuring a stable fuel supply for electricity generation.

Gas

Oil & Gas 360º

JULY 22, 2025

Oil & Gas 360 – CALGARY, AB , July 22, 2025 /CNW/ – Enbridge Inc. At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio.

Operator