The death of Iranian commander Qasim Soleimani on January 3rd in an American drone strike has roiled Iran and Iraq. It has also jeopardized the future of Iraq’s oil production growth. 

Heightened security risks in the wake of Soleimani’s death could persuade the international oil companies active in Iraq—like Exxon Mobil or BP—that investing in infrastructure projects that are key to Iraq’s oil production ambitions isn’t worth it. Iraq’s fiscal terms were already viewed as notoriously tough inside the oil industry, and routine maintenance at the country’s aging oil fields is only getting harder. Now, greater odds that Iran will lash out through its powerful militia proxies in Iraq to stoke unrest could be the last straw.

On top of that, the prospect of a withdrawal of U.S. troops raises the stakes. Iraq’s parliament voted shortly after the drone strike to expel U.S. troops, calling the attack a violation of their sovereignty since it happened on Iraqi soil. A...

It has been almost 10 years since BP was mired in the largest marine oil spill in history, following the explosion at the Deepwater Horizon rig in the Gulf of Mexico. In 2010 Bob Dudley was the man tasked with steering the group back from the brink of collapse as compensation payouts threatened to suffocate the business.

A decade on, Dudley’s successor will now have to navigate an environmental crisis on a global scale.

Bernard Looney becomes BP’s new chief executive next month at a time of mounting public pressure to prevent a climate breakdown by phasing out fossil fuels. His career success has been built on the millions of barrels of oil that BP produces every day, but his tenure at the helm will be defined by his response to the climate crisis.

The dapper, 49-year-old Irishman has been hailed as a charismatic moderniser of the oil industry for the millennial generation. This week he launched an Instagram account to encourage a...

DUBAI — Iran’s Petropars will develop phase 11 of South Pars, the world’s largest gas field, after the withdrawal of French oil major Total and the China National Petroleum Corp (CNPC), Iran’s oil minister was quoted as saying on Saturday.

“Now with the exit of the other two companies from the contract, Petropars has completely taken their place and the development of the first unit of phase 11 of South Pars has been given to this company,” Bijan Zanganeh was quoted as saying by ICANA, the Iranian parliament’s news site.

The offshore field, which Iran calls South Pars and Qatar calls North Field, is shared between Iran and Qatar. (Reporting By Babak Dehghanpisheh; Editing by Mark Potter)

Jan 25, 2020 (The Expresswire) -- Generator Rental for Oil and Gas Market share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

Global “Generator Rental for Oil and Gas” Market trends analysis report 2020 aims to provide in-depth information about Generator Rental for Oil and Gas industry with market overview, key trends, business plans, and future prospects of the industry. It involves the current market status with some changing trends that can affect the Generator Rental for Oil and Gas market growth rate. The report covers the major growth prospect over the Generator Rental for Oil and Gas market forecast period. It also comprehends market new product analysis, financial overview, strategies, and Generator Rental for Oil and Gas marketing trends. The report also offers an overview of revenue, sales, product demand, and supply of data,...

KOLKATA (miningweekly.com) – India’s State-run oil and natural gas exploration and production (E&P) major, ONGC, has received 28 bids for 50 oil and natural gas blocks of the total 64 small and marginal fields that it had put on offer in a search for production-raising partnership.

ONGC had clubbed the 64 small and marginal fields into 17 clusters with estimated cumulative reserves of 300-million tons. Private investors had put in 18 bids for 14 clusters of the 50 blocks, while three clusters of 14 blocks did not received any bids, officials privy to the information said.

A number of the video’s stated achievements are accurate, such as the claim that Trump moved the U.S. embassy in Israel to Jerusalem, an action he pledged to take as a candidate. But we found several claims that were false, misleading or lacking some context.

The White House and Trump campaign did not respond to requests for comment by deadline.