By John Lee. Halliburton has begun internal investigations into alleged payments made to third-party agents related to customs matters in Angola and Iraq. Bloomberg reports that the world’s second- largest oilfield services provider alerted U.S. Justice Department and Securities and Exchange officials that it had begun the inquiry after meeting with them about another internal […]
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Halliburton Lands $95m Gazprom deal at Badra
Halliburton has won a $95 million contract from Russian state oil producer Gazprom Neft to test and complete 11 wells at its Badra oil field in eastern Iraq, according to the Wall Street Journal. Gazprom said testing of the first well is scheduled to start in the third quarter of this year. "Production will commence […]
Dunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
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Halliburton Sees Iraq Business Accelerating
US oil field services provider Halliburton is beginning to see project activity ramp up in Iraq after delays led to financial losses in the country, reports Argus News. The company commenced drilling at three rigs late in the third quarter, and expects three more to come on line by the end of the year. “We […]
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Halliburton Wins ExxonMobil Contract for West Qurna I
Halliburton has been awarded a contract by ExxonMobil Iraq Limited (EMIL) to provide drilling services for 15 wells in the West Qurna (Phase I) oil field located in Southern Iraq. Halliburton will provide a complete range of well construction services utilizing three drilling rigs to safely deliver the wells. Joe Rainey, president of Halliburton's Eastern […]
Halliburton Reaches Profitability in Iraq
Announcing a 60% increase in net income for 2010, Halliburton's chairman, president, and chief executive officer, Dave Lesar (pictured), commented on the company's Iraqi operations: “I am very pleased with our results on the international front. Key markets including Norway, West Africa, Iraq, and Algeria experienced increased activity ... We continue to win significant additional […]
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Halliburton Complained of Iraq Security 'Mafia'
Oil companies working in Iraq complained of a "mafia" type atmosphere that drove the price of security up considerably, according to leaked U.S. diplomatic cables revealed by Wikileaks. London's Guardian newspaper reports that official at oil services company Halliburton complained the price of security in Iraq was "unwarranted" during a modestly secure environment in 2008. […]
Weatherford Completes 20 Wells; 70 More Under Construction
American oil-services company Weatherford International announced on Monday that it has completed the drilling of 20 oil wells in southern Iraq, at oilfields including Rumaila and Bazergan. Work is continuing at another 70 wells. The company's Director, Ramzi al-Harithy, told Aswat al-Iraq news agency during the recent Oil & Gas Exhibition in Basra that his […]
Schlumberger 'Wins Contract' for Iraq's W.Qurna
Reuters, citing "industry sources familiar with the matter", reports that U.S. oil major ExxonMobil and its partners have awarded a contract to oil services firm Schlumberger to drill 10 wells in Iraq's West Qurna 1 oilfield. The contract award was finalised a few days ago but a final contract is yet to be signed by […]
Tags: BP, ExxonMobil, Halliburton, Iraq Drilling Company, Schlumberger, Weatherford, West Qurna Oilfield News
Halliburton Signs $150m Contract for Iraq's Majnoon Oilfield
Halliburton signed the one-year contract with Shell on Tuesday to develop the Majnoon oilfield, according to a media source from Shell. Hanadi al-Salman told Aswat al-Iraq news agency that, “according to the new deal, Halliburton will set up operation centers to dig 15 new wells,” he added. When the contract win was originally announced in […]
Oilfield Services Companies in Line for Iraqi Contracts
MEED reports that prospects look good for the only oil services companies eligible to bid for work on Iraq’s oil fields. At the Adipec oil and gas conference, which took place between 1-4 November in Abu Dhabi, the stands belonging to the ‘big four’ US oilfield services companies -- Schlumberger, Baker Hughes, Halliburton and Weatherford […]
Halliburton Wins Exxon Contract in Iraq
Halliburton (NYSE: HAL) has been awarded a wellwork integrated services contract by ExxonMobil Iraq Ltd. for refurbishment of wells in the West Qurna (Phase 1) field in southern Iraq. Halliburton will provide on-site logistics and technical support for both rigless and rig-assisted workovers. Other services provided by Halliburton include provision of a workover rig, coiled […]