Wednesday, June 18, 2025
oil & gas 360

U.S. Natural Gas Producers, Facing Bottlenecks, Practically Giving Gas Away

From U.S. News and World Report Oil drillers are burning off vast quantities of natural gas because it’s not profitable enough to capture and bring to market. Producers in the Peace Garden State flared 527 million cubic feet of gas per day, according to figures from 2017 first reported in The Bismarck Tribune. North and South Dakota, meanwhile, consumed about 530

EIA Map of Iraq oil and gas assets

Iraq ‘Not Obliged’ to Abide by U.S. Sanctions on Iran: Foreign Minister

From Middle East Eye Agency Iraq’s foreign minister has said that his country is “not obliged” to abide by sanctions imposed by the US against Iran and would be pursuing options to continue trade. On 20 December, the US granted Baghdad a 90-day extension to a waiver on abiding by the sanctions that were reimposed on the Islamic republic in

Oil & Gas 360 - France’s Total and Sempra Energy Sign North America LNG Deal

Why the U.S. Imports LNG from Russia and Nigeria Despite Its Gas-Export Boom

From Bloomberg More than a decade in and the U.S. shale boom keeps breaking output records, with fields from Pennsylvania to Texas producing more natural gas than the country needs. That has triggered billions of dollars of investments to ship liquefied natural gas overseas. Yet the U.S. is still importing LNG from places such as Russia and Nigeria. There are

Western Canada Oil Prices Hold Up as Alberta Production Cutbacks Kick In

From  The Canadian Press/Edmonton City News CALGARY — Crude oil prices in Western Canada remain elevated as Alberta’s government-mandated oil production curtailments come into force. Calgary oil brokerage Net Energy says the difference between Western Canadian Select bitumen-blend heavy oil and New York-traded West Texas Intermediate oil prices was about US$12.50 per barrel on Wednesday afternoon, an improvement over the US$17.52 per barrel average