March 2021 – Petroisle

Iraqi oil minister reveals plans to boost production to 8 million barrels by 2029

Iraqi Oil Minister Ihsan Abdul-Jabbar said that his country plans to increase its oil production capacity to 8 million barrels of oil per day by 2029, compared to current production of 4.8 million barrels per day, Asharq Business reported. He said that production capacity could reach 12 million barrels of oil per day. However he […]

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Oil Lobby Backs Climate Action Plan

Global, Petroleum and Gas

WASHINGTON—The oil industry’s top lobbying group will push Congress for legislation to price carbon emissions across the economy, in a sharp policy turnabout a decade after the industry helped kill a similar effort to address climate change. The board of directors of the American Petroleum Institute, one of Washington’s most powerful trade associations, which for

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Wall Street’s fading oil and gas interest revealed in new shale IPO

Global, Petroleum and Gas

(Bloomberg) –If the first initial public offering of a U.S. shale driller in four years is any indication, Wall Street is still souring on the U.S. oil and gas patch. Even a natural gas explorer backed by private-equity giant Blackstone Group Inc. couldn’t raise the capital it had expected. Vine Energy Inc. sold 21.5 million

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Iraqi crude exports rise 4 percent in February

Global, Iraq Oil, Oil Export

Nationwide oil exports increased to 3.395 million barrels per day (bpd) in February, up from 3.266 million bpd the month before, according to an Iraq Oil Report analysis of data from Iraq’s Oil Marketing Company and other industry officials. * As global oil prices surged, Iraq benefited last month from the biggest monthly oil revenue haul since

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