Iraq Business News: Oil & Gas

JUNE 21, 2025

CEO Jon Harris reported strong performance so far this year, with gross average production of approximately 44,900 barrels of oil per day (bopd) supported by steady local demand and optimisation efforts. The company paid a $25 million [approx. billion] interim dividend in April and remains debt-free with $100 million [approx.

Shutdown

Mees

JUNE 6, 2025

This was largely due to maintenance work at Bazan where overall output was down 23% quarter-on-quarter to 154,400 b/d, or 78% of capacity. The drop “stemmed mainly from the shutdown of the hydrocracker (HCU), hydrogen production unit, [57,000 b/d] CDU 3 and ancillary facilities for periodic maintenance,” Bazan says.

Refinery

OilPrice

JUNE 3, 2025

This follows the shutdown of the other 200,000 bpd crude unit in early May for planned maintenance. As a result of the shutdowns, the 400,000-bpd oil refinery in Rotterdam now has both crude units offline. A crude unit with a capacity of 200,000 barrels per day (bpd) went offline early on Tuesday.

Refinery

Rigzone

MAY 25, 2025

National oil and gas company NNPC did not say how long the shutdown, which includes a 'sustainability assessment', would last.

Shutdown

Aresco

MARCH 13, 2025

AI in oil and gas is propelling the industry to new heights. The oil and gas industry has always been driven by innovation, and today, artificial intelligence (AI) is pushing the sector into a new era of efficiency, precision, and profitability. Digital twinsvirtual models of physical assetsare also transforming maintenance strategies.

Gas

Oil & Gas 360º

MARCH 6, 2025

government on Canadian crude also pressured the spread as Midwest refiners were seeking WTI-Midland crude to Cushing to replace Canadian light sweet oil, said Energy Aspects analyst Jeremy Irwin. Energy Information Administration showed, as fuel producers undergo maintenance ahead of summer driving season. A 10% tariff by the U.S.

Refinery

AWS: Energy (Oil & Gas)

MARCH 19, 2025

The unique self-learning capability enables continuous adaptation to new data, maintaining high accuracy across different operating scenarios, even after major process changes or shutdowns. This predictive approach optimizes maintenance costs while extending equipment lifecycle and minimizing unplanned downtime.

Operator

Pro-Gas Services

APRIL 23, 2025

Proper sizing and maintenance of the compressor is vital to ensure peak performance. These systems incorporate various safety mechanisms, including pressure relief valves, flame arrestors, and emergency shutdown systems. Proper maintenance and inspection of these safety mechanisms is vital.

Condensate

Scambio Termico

JUNE 8, 2022

Cleaning and maintenance of heat exchangers is therefore important to keeping systems running efficiently. Regular maintenance ensures equipment is in working condition and helps prevent emergency repairs. ADDITIONAL MAINTENANCE Pressure testing must be performed by a person authorized according to local laws and regulations.

Maintenance

Iraq Business News: Oil & Gas

MARCH 20, 2025

We remain focused on facilitating a solution to restart oil exports as we continue to seek fair and transparent agreements regarding payment surety, the repayment of receivables and the preservation of current contract economics." bbl, with prices stabilising in a range of c.$27-$28/bbl million in 2024 (2023: $50.1 bbl (2023: $40.9/bbl)

BBL

Valor

MARCH 17, 2025

March 17, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Oils oversupply spiral: can prices stay above $60? Summary : The IEA reports that global crude supply is exceeding demand by 600,000 bpd, pushing oil prices toward the $60-$80 per barrel range, with U.S.

Energy