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Iraqs government has signed a deal with Chinese Geo-Jade Petroleum to expand production at the Tuba oil field, build a refinery and two power plants. The refinery that Geo-Jade Petroleum will build will have a capacity of 200,000 barrels daily.
(World Oil) – South Africa has officially established its new state-owned oil corporationSouth African National Petroleum Company (SANPC). The establishment of the SANPC aligns with broader goals by the South African government to create a more competitive and investment-friendly petroleum sector.
The potential deal with the multinational company, which Alberta didnt name, would be a first-of-its-kind transaction that would see the overseas transport and sale of about 2 million barrels per month of Government of Alberta owned heavy oil via the Alberta Petroleum Marketing Commission (APMC).
Nigerias government has set a new, significantly higher, production target for the national oil company, aiming for 2.5 million barrels daily by the end of this year. When the new NNPC management visited me, I increased their oil production target to 2.5
Kenya expects to launch an oil and gas exploration round for 10 blocks in September, Opiyo Wandayi, the Energy and Petroleum Cabinet Secretary of the East African country, has said. The Kenyan government has renewed its efforts to launch an oil and gas industry and is offering tax incentives, among other incentives, the cabinet secretary
The Canadian Association of Petroleum Producers (CAPP) congratulates Prime Minister Mark Carney and all the newly elected and returning Members of Parliament. A new federal government offers an opportunity to rejuvenate Canadas economy and its approach to natural resource development.
Russia's 2022 invasion of Ukraine and subsequent G7/EU sanctions on Russian crude and petroleum products created the largest dark fleet in history, reducing shipping data credibility. Historically, shipping data was critical to judge the accuracy of government data. Now we use it with doubts! Share Read more
Rebalancing IOCs Positioning in the Upstream Petroleum Sector in Iraq The Ministry of Oil (MoO) recently concluded an agreement with BP covering four main oilfields in Kirkuk , following an earlier contract with an unidentified Ukrainian company to resume development of the Akkas gas field. By Ahmed Mousa Jiyad.
The Dallas-Fort Worth Clean Cities Coalition has recognized local fleets as part of its annual Fleet Recognition Awards for their efforts to reduce petroleum use and improve air quality. The winners include eight Gold, seven Silver and six Bronze recipients.
In respect to the Petroleum sector, Minister Kouchouk stated that some EGP 75 billion is allocated as a subsidy for petroleum products, an additional EGP 75 billion to support electricity, and EGP 3.5 The post Cabinet Approves 2025/2026 Budget with Allocations for Petroleum Sector first appeared on Egypt Oil & Gas.
Petroleum Sector in A New AI-based Iraqi National Memory Project A group of dedicated artificial intelligence (AI) specialists and professionals are enthusiastically racing against time and actively working on a first of its kind major mission: Iraqi National Memory Project (INMP). By Ahmed Mousa Jiyad. Elaborated research methodology.
The post Petroleum Minister Focuses on Booming Mining Industry at CERAWeek Panel first appeared on Egypt Oil & Gas. Badawi reviewed Egypt’s ambitious vision to develop the mining sector, its efforts to attract more foreign direct investments and bolstering the added value manufacturing in this sector.
Minister of Petroleum and Mineral Resources Karim Badawi held a regular meeting with members of the House of Representatives and the Senate within the framework of enhancing communication and integrated work between the Ministry and the parliamentary councils. He noted that these incentives led to saving part of the import bill by $1.5
It also opens new horizons for export to foreign markets, capitalizing on the growing global demand, especially with the petroleum sector having the technical and logistical components needed for success. The post Ministers of Petroleum, Environment, Civil Aviation Advance Coordination on ESAF Project first appeared on Egypt Oil & Gas.
petroleum products, and petroleum products accounted for 87% of the total energy exports from the United States to Mexico in 2023, according to EIA data. petroleum product exports to Mexico averaged 1.2 Because of its ageing refining capacity and systems, Mexico depends on U.S. Mexico is the largest export market for U.S.
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. is a worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. About NSAI Netherland, Sewell & Associates, Inc.
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. is a worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. About NSAI Netherland, Sewell & Associates, Inc.
Oil and Gas 360 April 28, 2023 For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. is a worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. NSAI) has hosted a series of highly regarded oil and gas property evaluation seminars.
The Nigerian National Petroleum Company (NNPC) has announced it is in the final stages of preparing for its IPO, as mandated by the Petroleum Industry Act of 2021. The IPO is expected to enhance transparency, improve corporate governance and attract both domestic and international investors to Nigeria’s oil and gas industry.
Validation highlighted how its vast and complex petroleum sector continues to present both challenges and opportunities for strengthening transparency. The government and citizens of Iraq depend heavily on revenues from the oil sector. I commend Iraq for its dedication to EITI implementation, " EITI Board Chair Helen Clark said. "
Minister of Petroleum and Mineral Resources Karim Badawi met with bPs Executive Vice President for Gas and Low Carbon Energy, William Lin, along with other bp officials, to talk about the company’s business progress, investments plans in Egypt, and the development of its new two major discoveries in the Mediterranean region.
Photo credit: CBOD Ghana The Deputy Chief Executive Officer of the National Petroleum Authority, Mrs. Linda Boamah Asante, is calling on African governments to formulate policies and programmes aimed at making Liquefied Petroleum Gas (LPG) affordable and accessible to women.
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.
Kazakhstan, the largest over-producer in recent months, may be forced to make additional withdrawals from its oil fund by the fall to cover planned government spending amid lower prices, Halyk Financesaidin a research note. million bpd in June, compared with 1.85 million bpd in March.
For two months in a row, the Organization of the Petroleum Exporting Countries and its allies have agreed to make super-sized production increases that surprised traders and drove down prices. Last week, Chevron Corp. Italys Eni SpA has made similar comments about the giant Kashagan oil field.
The United States has pushed the Iraqi government to finalise an agreement with international oil companies (IOCs) to resume crude oil exports through the Iraq-Turkey Pipeline (ITP). At the daily press briefing on Wednesday, State Department spokesperson Tammy Bruce told reporters: "We're urging the Iraqi Government to reach an agreement.
Over the course of Thursday and Friday - days III & IV - of India Energy Week 2025 that put us on the home stretch of the global event, conversations turned more meaningfully towards the Indian government's assertion of placing a 'gas economy' at the heart of its march to net zero by 2070. Have a read here if you wish.
Egypts Minister of Petroleum and Mineral Resources, Karim Badawi, met with executives from Barrick Gold, a global leader in mining, to reaffirm Egypts strategic commitment to transforming its mining sector into a key pillar of the national economy.
Representatives from the Association of the Petroleum Industry of Kurdistan (APIKUR) member companies met with officials from the Government of Iraq (GoI) and the Kurdistan Regional Government (KRG) on March 6 to discuss the resumption of oil exports through the Iraq-Trkiye Pipeline. By John Lee.
Minister of Petroleum and Mineral Resources, Karim Badawi, met with Marco Villa, the Chief Business Officer (CBO) of the Italian company Technip Energies, and his accompanying delegation. They were joined by Khaled El Badry, the Ministry’s Undersecretary for Projects.
During the meeting, Prime Minister Al-Sudani reaffirmed the government's commitment to fostering investment-friendly conditions and highlighted the facilitation measures designed to attract international companies to Iraq. HKN Energy , a US-based oil and energy company, held discussions today with Iraqi Prime Minister Mohammed S.
Minister of Petroleum and Mineral Resources Karim Badawi participated in the 10th Annual Powering Africa Summit in Washington with high-level attendance from ministers, officials, investors, and funding institutions.
Image by ffikretow via iStock The US is using its dominance of a niche petroleum gas as a bargaining chip in its trade war with China. At least one VLEC is now idling off the Gulf Coast waiting for its next move, which looks dependent on the US government’s approach to licensing.
Representatives of the Association of the Petroleum Industry of Kurdistan (APIKUR) and other international oil companies met with Iraqi and Kurdish officials on 20th April to discuss restarting oil exports via the Iraq-Trkiye Pipeline, but according to a statement from APIKUR on Sunday, no agreement was reached. By John Lee.
The panellists included Sukhmal Jain, Director (Marketing) & Board Member, Bharat Petroleum Corporation Limited, Yoki Firnandi, CEO, PT Pertamina International Shipping, Meg Gentle, Executive Director, HIF Global and Mark S. Brownstein, SVP, Environmental Defense Fund.
In a decision issued today, the Louisiana Third Circuit Court of Appeal issued the first appellate court opinion addressing the procedure for approval of settlements in cases governed by Act 312 (La. Riceland Petroleum Corp., Riceland Petroleum Corp., A copy of the Third Circuit’s Decision in Britt v. can be found here.
Minister of Petroleum and Mineral Resources Karim Badawi participated as a keynote speaker at the Energy and Economy in Africa forum, chaired by US Secretary of Energy, Chris Wright.
Minister of Petroleum and Mineral Resources, Karim Badawi, convened a high-level meeting with heads and representatives of international oil companies (IOCs) operating in Egypt. Badawi opened the session by expressing his gratitude for the effective and successful partnership forged with international companies.
The Association of the Petroleum Industry of Kurdistan (APIKUR) has said its member companies will not resume crude oil 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.
The Association of the Petroleum Industry of Kurdistan (APIKUR) has said its member companies are ready to restart oil exports from Iraqi Kurdistan once agreements are in place. By John Lee. APIKUR member companies remain focused on working with all stakeholders to secure a prompt and mutually beneficial resolution.
(NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies.
He highlighted that this project had been stalled since 2014 but was revived as part of the government's strategy to restart delayed energy initiatives. The facility is expected to be fully operational within two months, contributing to the country's self-sufficiency in refined petroleum products.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This news release contains forward-looking statements relating to Chevrons operations, assets, and strategy that are based on managements current expectations, estimates, and projections about (..)
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