A series of legal rulings by Iraq’s Federal Supreme Court (FSC) on 21 February underlined that the planned New Oil Law being worked on by the government of Iraq in Baghdad will be the final agent of change that will end any semblance of independence for Iraqi Kurdistan. And for Western oil companies working in the region, it looks like the future has been cancelled.
When the use of seismic surveys became common place, Oil and gas drillers used to drill only in spots the human eye could detect from seismic and other data, but that’s all changing now. The next round of onshore discoveries is being aided by new Artificial Intelligence and Machine Learning software that sees what we can’t, forever disrupting the exploration game.
In view of the discovery of petroleum and associated gas in commercial quantities in the Jubilee field in 2007, a National Gas Development Task Force (NGDTF) was constituted by the Government in February 2011 to propose the commercialization of the gas.
Heavyweights Saudi Arabia and Russia, alongside several other key OPEC+ producers, will extend their voluntary crude supply cuts until the end of the second quarter.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has made public conditions, including a due diligence request list that exiting International Oil Companies (IOCs) must fulfil for such deals to be approved by the commission.
The US oil, gas rig count gained five to 669 for the week ended Feb. 21, S&P Global Commodity Insights data showed, as fourth-quarter upstream earnings season essentially came to a close with indications of slightly higher capex in 2024 and also of moderating production growth.
Dr. Klaus Endresen, Chairman of the Namibia Petroleum Operators Association, speaks with Energy Capital & Power about interfacing between industry, government and the public following Namibia’s offshore discoveries.
Iraq’s breakeven oil price is expected to exceed $90/b this year because of higher government spending, the International Monetary Fund said March 3 after meeting with Iraqi authorities to review the country’s economic policies.
Oil producers operating in Iraq’s semi-autonomous Kurdish region have denied reports that a deal was made to resume oil exports through the crucial Iraqi-Turkey pipeline, which was closed about a year ago.
Angola’s premier event for the oil and gas sector – the Angola Oil&Gas (AOG) conference – was officially launched in Luanda on Tuesday. Uniting Angolan government and energy companies with global operators and investors, the launch event set the tone for the main conference, scheduled for October 2-3 at Centro de Convencoes Talatona.