Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Iraq's deputy minister of gas affairs, Hamed Younis Saleh al-Zoba'ei, and Hillal Ali Ismaeel Mushtaq, Iraq's director of general of studies, conducted a three-day tour of North Dakota last week, visiting gas-processing facilities and meeting with state and industry leaders. Julio Friedmann, the U.S. Energy Department's deputy assistant secretary for fossil energy, said: […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Cap in Hand: Kurdish Will Return to Baghdad to Negotiate Oil Exports Iraqi Kurdistan's plan to export oil independently does not seem to be working. Sources say politicians will be […]
DNO ASA, the Norwegian oil and gas operator, reported third quarter operated production of 152,507 barrels of oil equivalent per day (boepd) with year-to-date volumes up nearly 30 percent from 2015. Output from the company's flagship Tawke oil field in the Kurdistan region of Iraq averaged 145,184 barrels of oil per day (bopd), of which […]
By John Lee. Reservoir imaging company Asian Oilfield Services Ltd has announced the successful completion of a 3D seismic survey for Gazprom in Iraqi Kurdistan. The company, based in Dubai, completed the survey of over 100 square kilometers at the Shakal License Block. It has previously worked at the Taza block in Kurdistan.
By John Lee. The Iraq Oil Ministry has announced crude oil export figures for October showing an average of 2.7 million barrels per day (bpd), a drop of 11.53 percent on September’s 3.052 million bpd. The poor performance was blamed on poor weather in the Gulf, and a stoppage of shipments from Northern Iraq to […]
By John Lee. UK-based heavy transport and installation contractor ALE has been awarded the DGS Zubair Oil Field Project. The project scope comprises heavy haulage, engineering and installation services. The DGS project has already commenced and ALE has received several shipments at Umm Qasr Port. A number of cranes, with a capacity ranging from 200t to […]
By John Lee. A court in the United States has dismissed a lawsuit over a disputed cargo of crude oil from Iraqi Kurdistan. The United Kalavyrta [United Kalavrvta, United Kalvrvta] (pictured) spent several months off the coast of Texas after Baghdad tried to have a U.S. court seize the oil. Reuters reports that the case […]
By John Lee. Genel Energy has announced the sale of a 20 percent participating interest in the Chia Surkh Production Sharing Contract ('PSC') to Petoil Inc. As consideration for the sale of the 20% interest, Petoil will carry Genel's share of the costs associated with the Chia Surkh-12 ('CS-12') appraisal well. The total cost of […]
Range Energy Resources Inc has announced that Gas Plus Khalakan (GPK), the sole contractor of the Khalakan Block in the Kurdistan Region of Iraq, issued a press release stating that it has spudded the Shewashan-2 development well on 1st October 2015 under Phase 1 of the approved Field Development Plan (FDP) for the Shewashan oil […]
Hertz Global Holdings has announced that Hertz Equipment Rental Corporation (HERC) has entered into a franchise agreement with the Khudairi Group for the exclusive license to provide rental equipment in Iraq using the "Hertz Equipment" brand and proprietary system. This move will significantly add to HERC's existing network in the Middle East, with HERC Iraq […]
Genel Energy issues the following trading and operations update. The information contained herein has not been audited and may be subject to further review. Murat Özgül (pictured), Chief Executive of Genel, said: "The third quarter of 2015 has been a turning point for Genel. September's payment for exports, coupled with local sales, has stabilised the […]
Kuwait Energy has announced that the consortium comprising of Kuwait Energy (60%) as the operator, Dragon Oil (30%) and the Egyptian General Petroleum Corporation (10%) has commenced oil production from Faihaa-1 well in Block 9, Iraq. The Faihaa-1 well is located in Block 9 field, which is situated in the hub of Iraq’s oil industry […]
