Iraqi Drilling Company invites to bid for supplying integral equipments for cementing units. Whoever is willing to participate in this tender from Supplying Companies , Manufacturers or their authorized representatives should submit their offers in a two sealed envelops marked "Technical & Commercial" respectively tender's name & number should be written on each envelop. The […]
Archive | Iraq Oil & Gas News
Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
ShaMaran to List on NASDAQ First North
ShaMaran Petroleum Corp. has announced on Monday that it intends to apply for a secondary listing of its Common Shares on the First North list of the Nasdaq OMX Stock Exchange in Stockholm, Sweden. E. Ohman J:or Fondkommission AB has been engaged as the Company’s financial advisor in connection with the secondary listing. Trading on […]
Tags: NASDAQ
Heritage Oil Releases 2010 Annual Report
Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company with operations in Iraqi Kurdistan, has released its 2010 Annual Report & Accounts. Please click here to download a copy (6.3 MB).
Tags: Heritage
DNO Releases Final Audited 2010 Annual Report
DNO released its final audited 2010 Annual Report on Friday. DNO's financial results are unchanged from what was presented to the market as the preliminary financial results on 17 February 2011. In 2010 the Company delivered revenues of NOK 1,252 million and an operating profit of NOK 157 million. The EBITDA in 2010 was NOK […]
Tags: DNO
Oil and Energy Committee Urges Postponement on 4th Licensing Round
The fourth round of oil licensing should be postponed, the chairman of the Oil and Energy Parliamentary Committee said on Sunday, according to a report from AKnews. The committee has made a formal request to the Ministry of Oil asking them to delay the awarding of licences. Chairman Adnan al-Janabi, told AKnews that the fact […]
Parliamentary Committee to Consider Kurdish Oil Contracts
The Oil and Energy Parliamentary Committee will discuss the controversial oil contracts awarded by the Kurdistan Regional Government (KRG) in Iraq amid objections from the Federal Oil Ministry, it was announced on Monday. The contracts were awarded in 2009 by the KRG, but were never officially recognized by the central government in Iraq, who said […]
Tags: Kurdistan News, oil contracts
DNO to Pay Damages and Costs up to $92m
Reuters reports that Norwegian oil company DNO said it had resolved a long dispute over former U.S. diplomat Peter Galbraith's middle-man role in a 2004 Iraqi oil deal by paying damages and legal costs as high as $92 million. That compares to the $55 to $75 million in damages DNO estimated last October it would […]
Iraq Petroleum 2011, 12‐14 July, London
Following the announcement by the Iraqi Ministry of Oil that 12 exploration blocs, including the first sea exploration bloc, will be tendered in next year’s auction and alongside the current influx of hundreds of companies to Iraq, the development of its oil and gas industries look set to continue. The latest edition of CWC’s Iraq […]
ExxonMobil Equips University of Basra Labs
ExxonMobil Iraq Limited is contributing 1.2 billion Iraqi dinar (US$1 million) to equip petroleum engineering laboratories at the University of Basrah to be used by students seeking careers in Iraq's oil and gas industry. This grant will also fund faculty and curriculum development under which some 46,000 students are expected to study over the next […]
Germany's Bertling Plans Operations in Basra
The German company Bertling met the chairman of the Basra Investment Commission to discuss their plan to establish an project providing logistical support for oil and gas companies in Basra. A director of the company, Ali Majed Sabah, said ,"the conference that was held in Kuwait Chamber of Commerce recently and our follow up at […]
Kuwait and Iraq Together Towards a Bright Future
Kuwait Energy Company and the American University of Kuwait (AUK)’s Gulf Studies Center today held a seminar on Kuwait-Iraq relations titled “Kuwait and Iraq together towards a bright future”. Prominent business leaders from both Kuwait and Iraq took part in the seminar held in Safir Hotel in Kuwait City. The seminar was moderated by the […]
Iraq Provides Energy Security to S. Korea
South Korea, the world's fifth-largest crude oil importer, said on Thursday it had reached a deal with Iraq under which it would receive at least 250,000 barrels per day (bpd) of crude in an emergency situation, according to a report from Reuters. The supply is equivalent to about 10 percent of South Korea's total 2.4 […]
Tags: korea