By John Lee. Schlumberger has reportedly announced its withdrawal from Iraqi Kurdistan, as a result of the Federal Supreme Court ruling that oil contracts signed with the Kurdistan Regional Government (KRG) are unconstitutional. Sources told the official Iraqi News Agency that the US-based oilfield services company "sent a letter with an official document to the […]
By John Lee. China Petroleum Engineering Procurement & Construction (CPECC) has reportedly won an engineering contract for a plant to process gas from the Gharraf (Garraf) and Nasiriyah fields. According to Upstream Online, the contract was awarded by lead contractor Baker Hughes. More here (subscription required) (Source: Upstream Online)
By John Lee. Iraq's South Gas Company (SGC) has announced a project to capture gas at the Nasiriyah and Garraf [Gharraf] oil fields, in partnership with the American company Baker Hughes. Instead of flaring, the gas will be used to increase electricity generation, while reducing the environmental impact of oil production. The project will also […]
By John Lee. Baker Hughes has confirmed that it has been awarded what it describes as a "major contract" by Iraq's South Gas Company (SGC) in the last quarter of 2020. The project consists of the design, manufacturing, delivery, construction and commissioning of an integrated facility for the processing and production of natural gas. The […]
The following commercial agreements worth as much as $8 billion were reached during a signing ceremony between U.S. energy companies and the Government of Iraq on August 19, 2020: Honeywell and the Ministry of Oil agreed to advance the development of the Ar Ratawi [Artawi] gas project, which will further enable Iraq to capture, process, and […]
Baker Hughes, a GE company has been awarded a contract by the South Gas Company of Iraq (SGC) for fast-track solutions to help the recovery of flare gas for Nassiriya and Al Gharraf [Garraf] oilfields. The importance of the project was highlighted by the attendance of several high-level officials, including HE Jabbar Al-Luaib, the Minister […]
By John Lee. Baker Hughes has signed a contract to harness 200 MMcf/d of natural gas from Iraq's Nassiriya and Gharraf oil fields. The Nassiriya field is operated by the state-run Dhi Qar Oil Company (DQOC) and currently producing around 70,000 barrels per day of crude oil, with a target of 150,000 bpd. Gharraf is operated […]
By John Lee. In its 2017 Results, Baker Hughes, a GE company (BHGE) has said that rig count growth in Iraq and the UAE offset declines in other Middle Eastern markets. During the year, the company secured what it describes as the largest-ever turbomachinery and process solutions agreement with PetroChina for the provision of its […]
Baker Hughes, a GE company, has signed an agreement for the provision of turbine generators to PetroChina International Iraq, in the biggest Turbomachinery & Process Solutions (TPS) agreement ever between the two companies. BHGE will deliver its Frame 6B gas turbine electric generator trains to support power generation for the Halfaya oilfield located in the […]
Following extensive discussions, the Iraqi Ministry of Oil and Baker Hughes, a GE company (BHGE) signed a contract for fast-track solutions to help the recovery of flare gas in line with the country’s strategy for energy sector development. An advanced modular gas processing (NGL) plant has been recommended for Nassiriya as part of the initiative […]
By John Lee. Oilfield services company Baker Hughes Incorporated has warned the markets that it will take a hit of $80 million as a result of the disruption to its operations in Basra. The company said in a statement: "Following the disruption to its business in Iraq during the fourth quarter, Baker Hughes resumed operations […]
Baker Hughes is preparing to resume operations in Iraq after protests in Basra prompted the company to issue force majeure notices to its customers. Reuters reports that Derek Mathieson, Baker Hughes' vice president, told an investor conference: "We have initiated the resumption of operations ... Within the coming weeks, we will be working toward becoming […]
