Saturday, December 28, 2024
Exxon, Halliburton in talks for Iraq’s West Qurna-1 oilfield, says energy minister- oil and gas 360

Exxon, Halliburton in talks for Iraq’s West Qurna-1 oilfield, says energy minister

World Oil (Bloomberg) –Halliburton Co. and Exxon Mobil Corp. are in talks over the latter’s attempt to sell a stake in the huge West Qurna-1 oil field in southern Iraq, according to the country’s energy minister. Iraq wants a U.S. partner for Exxon’s stake, Oil Minister Ihsan Abdul Jabbar told reporters in Baghdad. If the talks with Halliburton fail, Iraq

Explainer: Can joint gas buying tackle Europe's high prices?- oil and gas 360

Explainer: Can joint gas buying tackle Europe’s high prices?

Reuters BRUSSELS/LONDON – The European Union is expected to propose a system this week to allow countries to jointly buy strategic stocks of gas, a measure drawn up in response to soaring energy prices. Benchmark wholesale European gas prices rose by more than 500% this year, hitting record highs in October as tight gas supplies coincided with strong demand in

Biden’s strategic crude sale hasn’t inspired action from other nations- oil and gas 360

Biden’s strategic crude sale hasn’t inspired action from other nations

World Oil SINGAPORE (Bloomberg) –It’s been almost three weeks since the U.S. unveiled an internationally coordinated release of oil from national reserves, but so far there’s been little follow through from the other five nations. President Joe Biden said on Nov. 23 that the U.S. would release 50 million barrels of crude from its Strategic Petroleum Reserve in “the next

Iran bases its 2022 budget on $60 oil- oil and gas 360

Iran bases its 2022 budget on $60 oil

World Oil (Bloomberg) –The budget bill for Iran’s next calendar year is based on an oil price of $60 a barrel, up from $40 this year, the semi-official Fars news agency reported. The country expects to export around 1.2 million barrels of oil daily in the year that starts on March 21, Fars reported, according to outlines of the country’s

Exxon receives first oil from Biden’s strategic reserve release- oil and gas 360

Exxon receives first oil from Biden’s strategic reserve release

World Oil (Bloomberg) –The first oil from President Joe Biden’s release from the country’s emergency crude reserves is being granted to Exxon Mobil Corp. The company will receive 4.8 million barrels of oil from the Strategic Petroleum Reserve as part of an exchange, the Department of Energy said Friday on its website. Delivery will be conducted from the Bryan Mound,