Speculation that Gulf Keystone Petroleum (LON:GKP), which has significant operations in Iraqi Kurdistan, will become a takeover target continues today, following a report from small-cap broker Daniel Stewart & Co. Following an analyst field trip to the Kurdistan region of Northern Iraq, the broker's oil and gas expert Richard Nolan said the company had “astonishing […]
US President Barack Obama delivered a major speech from the Oval Office on Tuesday, marking the official end of combat operations in Iraq. As just over 50,000 US troops will remain in the country until the end of 2011 in non-combat roles, the real significance of the military draw-down is hotly debated. But it is […]
Jordan’s Minister for Industry and Trade, Amer al-Hadidi, led a business and investment delegation to the Kurdistan Region following the recent visit of President Masoud Barzani to Jordan. The delegation met President Barzani, Kurdistan Regional Government (KRG) Prime Minister Barham Salih, and several ministers while participating in a joint business forum at Erbil Convention Centre. […]
Kirkuk's governor, Abdul Rahman Mustafa, met with the chief of the provincial reconstruction team (PRT), Fletcher Burton, to discuss security, economic and service developments in the region. The governor assured Mr Fletcher that the security situation was good and stable, as evidenced by the completion of projects in Kirkuk and the improvement of services to […]
The Dutch ambassador to Iraq, Peter van Leeuwen, visited Basra province to discuss investment opportunities with local officials. “During the visit, the ambassador had a close look at investment project and opportunities that could attract Dutch firms to Iraq,” the Basra Investment Commission said in a statement on Tuesday, as received by Aswat al-Iraq news […]
Iraqi Airways is planning to initiate its new service between Basra and Mash’had [Mashhad] in eastern Iran, according to a Transportation Ministry statement on Tuesday, quoted by Aswat al Iraq. "The Transport Minister, Amer Abdul-Jabbar, has instructed Iraqi Airways to initiate a route between southern Iraq’s Basra and Iran’s Mash’had from September 9, 2010, with […]
The American University in north Iraq’s Sulaimaniya city has decided to grant Bachelor degrees in Civil and Mechanical Engineering, according to a report from Aswat al-Iraq. All Iraqi students have been invited to join it, whatever their national, racial or religious background may be, the University’s Academic Adviser said on Tuesday. “The University shall accept […]
DNO's shares were up 0.9% in mid-morning trading on the Oslo stock exchange, following the release of July production figures. DNO’s working interest production increased from 23,478 bopd in June to 27,279 bopd in July, and net entitlement production increased from 15,135 to 17,621 bopd. The increase is mainly due to higher deliveries of crude […]
Halliburton (NYSE:HAL) has been awarded a contract by Eni to provide a range of integrated energy services for the redevelopment of the Zubair field in southern Iraq. Work for the multi-million dollar contract is underway. Halliburton will perform services such as wire-line logging, perforating, acidizing and well testing on 20 wells. "We are committed to […]
ShaMaran Petroleum, the Canadian oil and gas company, has announced that it has entered into an agreement with Aspect Energy International to acquire a one third stake in General Exploration Partners, a wholly owned subsidiary of Aspect. The Kurdistan Regional Government of Iraq ("KRG") and GEP are parties to a Production Sharing Contract dated November […]
Kuwait-based Eastern National Oilfield Services (ENOS), a subsidiary of Kuwaiti Safat Energy Holding (KUW: SENERGY), has won a $7 million (8.2 billion Iraqi dinars) contract to provide oil well testing and digging services for an unnamed company in Iraq, according to a report from ADP News. Safat Energy reportedly released the information in a statement […]
Business Monitor International (BMI) has published a new report on business in Iraq. Summary: The oil sector contracts signed between Iraq and international energy companies in 2009 reflect the first stirrings of what the oil and gas industry hopes will be the reestablishment of a strong working relationship. Following years of underinvestment as a result […]
