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Why North Dakota Is Like Iran, Iraq, Nigeria & Russia: Wasted Natural Gas

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If North Dakota were a country, it would rank fifth behind Russia, Nigeria, Iran, and Iraq on the list of worst natural-gas wasters, according to the World Bank. What does North Dakota have in common with Iran? An editorial in The Forum of Fargo-Moorehead blasted the North Dakota natural-gas industry for wasting valuable resources through flaring

Why Buy Electric Cars? Iraq Vet Says: For National Security

Green Car Reports

But not all of them have served three tours of military duty, including service in Iraq and Afghanistan. Most Nissan Leaf owners are passionate about their electric cars, especially the earliest ones who've already taken delivery. Tim Goodrich was posted to Afghanistan as an avionics technician, supporting the AWACS planes that feed aerial

Iran, Iraq, Syria sign $10B gas pipeline deal

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Iran, Iraq, and Syria have signed a deal for the construction of the Middle East’s largest gas pipeline, which would carry gas from Iran’s South Pars gas field to Europe via Iraq, Syria, and Lebanon and beneath the Mediterranean Sea. Iraq has said that it needs 10 to 15 million cubic meters of Iranian gas per day.

Honeywell UOP technology selected for new 300K bpd oil refinery in Iraq

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The Iraq State Company for Oil Projects (SCOP), under the Ministry of Oil for Iraq, has selected Honeywell’s UOP to provide key technologies to process 300,000 barrels per day (bpd) of domestic crude oil into gasoline and diesel fuel at a new refinery in Nassiriya, Iraq. Honeywell’s UOP previously received awards in 2010 from South Refineries Company and North Refineries Company for new refineries in Maissan and Kirkuk, Iraq, each rated at 150,000 bpd.

Uber, Lyft respond to Trump ban on entry to US from targeted countries

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Last Friday, President Trump signed an executive order suspending “immigrant and nonimmigrant entry” into the US from Iraq, Syria, Iran, Sudan, Libya, Somalia and Yemen for 90 days, with the potential for adding further countries of origin to the list of proscribed.

US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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Additional oil could also be pumped north via the Iraq-Turkey pipeline to the port of Ceyhan on the Mediterranean Sea, but volumes have been limited by the closure of the Strategic pipeline linking north and south Iraq.

EIA: China is now the world’s largest net importer of petroleum and other liquid fuels

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Because production levels from Iran, Libya, and Sudan and South Sudan dropped since 2011, China replaced the lost shares of crude oil and other liquids imports from these countries with imports from Oman, Iraq, the United Arab Emirates, Angola, Venezuela, and Russia.

They Don't Just Steal at the Pump

Plugs and Cars

The corruption in the oil business isn't only in Iraq. PBS' Now profiles government auditor Bobby Maxwell's attempt to get oil companies drilling on government land to pay royalties due. See the video here.

EIA: Top 5 US crude oil suppliers account for 72% of total crude imports; highest proportion since 1997

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Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA). During 2012, Iraq replaced Nigeria as the fifth-largest supplier of US crude oil imports.

Iran negotiations, OPEC meeting loom for oil markets

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Libya’s Prime Minister visited Riyadh on November 13, arriving just as Iraq’s President departed. by Nick Cunningham of Oilprice.com. As November draws to a close, there are two major events that could profoundly change the oil markets. With the clock ticking, the 5 permanent members of the UN Security Council plus Germany (P5 plus 1) are negotiating down to the wire with Iran over its nuclear program.

Opinion: The Saudi Oil Price War Is Backfiring

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India, which was earlier importing most of its crude oil from Saudi Arabia, is now changing its strategy and buying more crude oil from Nigeria, Iraq, Mexico and Venezuela. by Gaurav Agnihotri of Oilprice.com.

Oil Prices Running Out Of Reasons To Rally

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Market analysts paused a bit on news that Iraq’s oil exports from its southern ports on the Persian Gulf hit a record high in December, but the data has no bearing on whether or not Iraq will comply with the agreed upon cuts. Achieving this record average will not affect Iraq’s decision to cut output from the beginning of 2017,” Oil Minister Jabbar Al-Luaibi told Bloomberg in an emailed statement. by Nick Cunningham of Oilprice.com.

Day Of Reckoning For US Shale Will Have To Wait

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Iraq has steadily increased output this year despite low oil prices and security issues related to ISIS. by Nick Cunningham of Oilprice.com. October has been billed as a pivotal month in which indebted shale companies would see their credit lines cut, precipitating a faster consolidation in the industry that would sow the seeds of a rebound. But banks appear to be taking a more lenient approach than expected.

Opinion: How Much Longer Can OPEC Hold Out?

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Iraq’s Issues. After Saudi Arabia, Iraq is the biggest crude oil producer in OPEC. Apart from this, issues such as the ongoing ISIS insurgency, western sanctions, heavy economic dependency on oil (more than 90%) and poor infrastructure have added to Iraq’s woes.

Oil 1

Platts Survey: OPEC pumps 31.28M barrels of crude per day in June; highest since Aug 2012

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million barrels per day (b/d) in June, up 170,000 b/d from May and the fourth consecutive monthly increase since February, as Saudi Arabia and Iraq pushed out more oil, a Platts survey of OPEC and oil industry officials and analysts showed Monday. Iraq pushed volumes from its Gulf terminals up by nearly 330,000 b/d to more than 3 million b/d following the commissioning at the beginning of the month of a new storage and pumping system at the onshore Fao terminal.

Opinion: Who Will Be Left Standing At The End Of The Oil War?

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In June, Iran will launch a new grade of heavy crude that will compete with Basra crude, and which the Iranians will surely seek to undercut in price in order to win Asian market share from Iraq and the Saudis. by Charles Kennedy for Oilprice.com.

Opinion: Is Russia Plotting To Bring Down OPEC?

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President Putin’s recent moves in the Middle East—to shore up Bashar al-Assad’s regime in Syria through deployment of combat aircraft, equipment, and manpower and build-out of air-, naval-, and ground-force bases, and the agreement in the last week with Iran, Iraq, and Syria on intelligence and security cooperation—could contribute to Russian efforts to combat the myriad negative pressures on Russia’s vital energy industry. by Dalan McEndree for Oilprice.com.

The Mountain and Mohammed: Halliburton Moves HQ to United Arab Emirates

Plugs and Cars

billion of the $10 billion in contractor waste and overcharging in Iraq.". The NY Times website reports that Dick Cheney's old stomping grounds, oil services giant Halliburton, is moving their world headquarters out of friendly Texas into even friendlier Dubai, one of the United Arab Emirates.

Oil 2

Opinion: Why oil prices must go up

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In fact, half of the additional supply needed from the Middle East will have to come from a single country: Iraq. If Iraq fails to deliver, the world could see oil prices surge at some point in the coming decade. by Nick Cunningham for Oilprice.com.

What's Oil Got to Do With It?

Plugs and Cars

A 2nd Times piece, " Billions in Oil Missing in Iraq, U.S. Of course, a resurgent oil industry, we were told, would finance the reconstruction of the energy sector and Iraq as a whole.

Opinion: Stop Blaming OPEC For Low Prices

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After all, OPEC has only slightly increased output from 2014, and much of it came from Iraq, which has been trying to increase production at all costs, regardless of OPEC decisions. Iraq is not subject to the quota restrictions, and so it is pulling out all the stops to increase output.

Ethanol Producers Group Calls for Congress to Repeal International Indirect Land Use Provision in RFS2

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Accompanying the statement was a picture of oil wells burning in Iraq in 1991. The RFA followed that up later in the week with a second statement asserting that CARB and EPA failed to evaluate indirect petroleum GHG emissions related to reconstruction of Iraq and protection of the US oil supply. This was accompanied by a picture of convoys entering Iraq from Kuwait. If only those vehicles were running on Iraq’s abundant solar energy.

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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The largest increase in oil production comes from Iraq, followed by Saudi Arabia, Brazil, Kazakhstan and Canada. Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. WEO 2011. Click to enlarge. The International Energy Agency (IEA) last week launched the 2011 edition of the World Energy Outlook (WEO), the current edition of its annual flagship publication assessing the threats and opportunities facing the global energy system out to 2035.

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IEA: non-OPEC oil supply tops 43 mb/d for first time in decades; global demand to reach 92.4 mb/d in 2014

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Renewed disruptions in Libya and smaller drops in Nigeria, Kuwait, the United Arab Emirates and Venezuela more than offset higher output in Iran, Iraq and Angola. The International Energy Agency’s (IEA’s) Oil Market Report (OMR) for December raised the estimate of global oil demand for 2013 by 130,000 barrels per day (130 kb/d) to 91.2 million barrels per day (mb/d), on stronger-than-expected third-quarter demand growth among OECD countries of 320 kb/d.

Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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They are fighting a multi-front war with Iran directly (in Yemen) and indirectly (in Syria, Lebanon, and Iraq). Fourth, in terms of political risk, Saudi Arabia with its Gulf allies, Iran, and Iraq, and the Middle East in general, is at the epicenter of global tension, turmoil, and tumult. by Dalan McEndree for Oilprice.com.

IEA March Oil Market Report revises 2015 demand forecast upward

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mb/d, as losses in Libya and Iraq offset higher supply from Saudi Arabia, Iran and Angola. Having bottomed?out out in the second quarter of 2014, global oil demand growth has since steadily risen, with year?on?year year gains estimated at around 0.9 million barrels per day (mb/d) for the final quarter of last year and 1.0 mb/d for the current quarter, according to the IEA Oil Market Report for March. IEA raised its forecast of demand growth for all of 2015 by 75 kb/d to 1.0

IEA raises forecast global oil consumption in 2013 to 90.8 mb/d

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mb/d on lower output from Saudi Arabia and Iraq. In its latest Oil Market Report , the International Energy Agency (IEA) raises its forecast for global consumption of oil to 90.8 mb/d in 2013, 240 kb/d more than in last month’s report and 930 kb/d (1.0%) up on 2012. A raised 4Q12 demand estimate and heightened expectations for China are the main contributors to the hike. Global crude oil supplies fell by 170 kb/d in December, to 91.2

The Oil War Is Only Just Getting Started

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Although this view that low-cost producers would try to seize more market share comes from an oil major with significant interests in Russia and Iraq , for example, BP may not be wrong in predicting that the abundance of oil resources would prompt the lowest-cost producers to pump the most out of low-cost barrels before the world starts to unwind from too much reliance on oil. The Oil War Is Only Just Getting Started. by Tsvetana Paraskova for Oilprice.com.

Average Carbon Intensity of crude to California refineries in 2012 down very slightly from 2010 baseline

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The greatest volume of crude in 2012 came from Alaska (75,026,823 barrels, with a carbon intensity of 12.81), followed by 57,829,491 barrels of Basra Light from Iraq (CI 12.08) and 49,600,000 barrels from Saudi Arabia (Arab Light, with a CI of 6.75). Staff of the California Air Resources Board (ARB) has posted its calculation of the average 2012 annual carbon intensity of crudes supplied to California refineries. The average value is 11.36

Bush Says Farewell to Blair with Empty Rhetoric on Climate Change

Plugs and Cars

After his visit to Washington, Blair paid a farewell visit to Iraq. Tony Blair came to DC to say farewell. And make one final pitch for American cooperation on climate change. At a Rose Garden press conference within earshot of anti-war protesters beyond the White House gate, Bush's prepared remarks included this: And we talked, of course, about climate change. We spent a lot of time on climate change.

Operating consortium boosts production from giant Iraqi oil field 10%; targeting 1.2M barrels per day within 6 years

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Eni, with a 32.81% share, is the lead contractor of the consortium formed for the redevelopment of the giant Zubair field (Eni puts the recoverable reserves at more than 6 billion barrels of oil equivalent), near Basra in southern Iraq. Eni announced the first production milestone under the Zubair Technical Service Contract (TSC) with Iraq’s state-owned South Oil Company (SOC).

Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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As we have pointed out, RBC Capital’s fragile five , Algeria, Libya, Nigeria, Iraq and Venezuela, the pain is intense. by Dalan McEndree for Oilprice.com.

Geely exports more than 100,000 vehicles in 2012; 164% year-on-year growth

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Geely’s current major overseas markets include Ukraine, Russia, Iraq and Saudi Arabia. Zhejiang Geely Holding Group set a new export sales record in December with 11,000 cars being exported during the month, which also helped the company increase its export sales over the course of 2012 by 164%.

The Future Ain’t What It Used To Be

Creative Greenius

They’re the same people who had no problem flushing a trillion dollars down the Iraq weapons of mass destruction stimulus for the evil and wealthy.

Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

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The other country to observe a fall in production was Iraq, as output dropped 20,000 b/d to 4.23 Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials.

Saudis Expand Price War Downstream

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Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. by Gaurav Agnihotri for Oilprice.com. The undisputed king of oil and gas is making some moves that could change the face of the global refining sector.

Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

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The four countries that show the highest potential in terms of effective production capacity growth are—in order—Iraq, the United States, Canada, and Brazil. A major increase in Iraq’s oil output as it regains stability, which will add new production in the Persian Gulf region—potentially destabilizes OPEC’s ability to manage output and prices, he notes. World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Source: Maugeri 2012.

Opinion: The Current Oil Price Rally Is Reaching Its Limits

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Moreover, supply outages in places like Iraq and Nigeria have also knocked at least a quarter of a million barrels per day offline, an unexpected disruption that put upward pressure on prices in March. by Nick Cunningham of Oilprice.com. Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel.

Department of Defense releases new operational energy strategy; more fight, less fuel

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From FY 2003 to FY 2007 in Iraq and Afghanistan, a total of more than 3,000 Army personnel and contractors were wounded or killed in action from attacks on fuel and water resupply convoys. operations in Afghanistan and Iraq, jet fuel (JP-8 or JP-5 on ships) is the most prevalent battlefield.

IEA: global map of oil refining and trade to be redrawn over next 5 years

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Among OPEC producers, Iraq stands out as its production capacity is expected to enter a new growth phase, which may continue even beyond the forecast period. Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA).