By John Lee. A development contract for the Hamrin oil field has been signed between North Oil Company (NOC) and US-based HKN Energy, in a ceremony attended by Minister of Oil Basim Muhammad Khudhair al-Abadi. Under the contract, peak production at the field is expected to reach 140,000 barrels per day, with associated gas output […]
By John Lee. Iraq's Council of Ministers has approved two oil sector contract awards put forward by the Ministry of Oil. Basra Oil Company (BOC) has been authorised to award contracts for integrated field management and engineering, procurement and construction (EPC) management to Halliburton, under terms of five years with an optional three-year extension, with […]
By John Lee. Production has been suspended at the Sarsang oil field in Duhok Governorate following an attack that caused damage to the facility. According to the Ministry of Natural Resources of the Kurdistan Regional Government (KRG), the incident occurred on Thursday night and was carried out by armed groups operating outside the law in […]
By John Lee. Gulf Keystone Petroleum (GKP) has announced the temporary shut-in of production operations at the Shaikan field in the Kurdistan Region of Iraq, citing the developing regional security environment. The company said it has taken measures to protect staff and confirmed that its assets have not been impacted. Shares in GKP closed down […]
By John Lee. Discussions have taken place regarding the investment and development of the Hamrin oil field, focusing on technical, economic, and contractual aspects of the project. The meeting was held on Thursday, 22 January 2026, at the headquarters of North Oil Company (NOC), with the participation of a delegation from HKN of the United […]
By Raad Alkadiri for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. US energy firms are returning to Iraq -- but politics could undo their fortunes US firms are back in Iraq. Whether their outlook is as propitious a year […]
By Simon Watkins for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Chevron, SLB Deals Signal US Return to Iraqi Oilfields There are two distinct superpower strategies at play to capture the very heartland of the Middle East - Iraq. On the one […]
By John Lee. The Iraqi Cabinet has approved an exception for US-based HKN Energy, allowing it to bypass the standard qualification criteria and receive a direct invitation to develop the Hamrin oil field in northern Iraq. Last week, the Ministry of Oil signed an agreement in principle with HKN to develop the field, aiming to […]
By John Lee. The Ministry of Oil has signed an agreement in principle with HKN Energy to develop the Hamrin field in northern Iraq. The agreement, signed on Tuesday between North Oil Company (NOC) and the US-based company aims to increase the field's output to 60,000 barrels per day, up from the current 20,000-25,000 bpd, […]
By John Lee. HKN Energy has confirmed an explosion occurred early on Tuesday morning at one of its production facilities in the Sarsang field, located in the Kurdistan Region of Iraq. The incident took place at approximately 7:00 AM local time on 15 July 2025. According to the company, all personnel have been safely accounted […]
By John Lee. The US State Department has reiterated its support for energy agreements between American companies and the Kurdistan Regional Government (KRG), following reports that Iraq's federal Ministry of Oil has filed lawsuits against two such deals. During a press briefing on May 27th, spokesperson Tammy Bruce stated that the United States supports economic […]
By Sinan Mahmoud for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Oil Ministry files lawsuit against Kurdish region over unilaterally signed energy deals The semi-autonomous region has signed multibillion-dollar agreements with US companies HKN Energy and WesternZagros to develop […]
