Tag Archives | Ireland

Petrel Jumps on Iraq Acquisition

By John Lee. Shares in Irish-based explorer Petrel Resources were up as much as 20 percent in early trading on Wednesday following the announcement that the company has agreed to acquire a 20 percent shareholding in Amira Hydrocarbons Wasit B.V. ("Amira"), which is the holder of a 25 per cent carried interest in certain oil […]

Petrel Resources Rockets on Iraq Announcement

By John Lee. Shares in Irish-based exploret Petrel Resources jumped more than 37 percent on Friday, following the announcement of a possible deal in Iraq. The Board said that negotiations on "a potential Iraqi investment are at an advanced stage whereby a private company with extensive hydrocarbon interests in Iraq would inject an asset into […]

Cooperation Between Kurdistan and Northern Ireland

Northern Ireland companies are being encouraged to take advantage of a bonanza of economic opportunities in the Middle East. Enterprise Minister Arlene Foster was speaking as she welcomed His Excellency Masoud Barzani, President of the Kurdistan Region of Iraq to Northern Ireland, on a two-day trade and investment visit organised by Invest NI. Minister Foster […]

Petroceltic Updates on Iraqi Operations

By John Lee. As part of its operational update yesterday, Petroceltic gave an update on its operations in Iraqi Kurdistan: An active exploration and development programme is scheduled for 2013 with a capital expenditure budget of US$150 million. Exploration drilling and seismic acquisition accounts for approximately 43 percent of the budget with the balance committed […]

Kentz Wins $55m Iraq Contracts

Kentz has announced the award of three individual, reimbursable, service contracts in Iraq with a total value to the company of circa US$55 million, through its Technical Support Services business unit. Across the three projects, Kentz will provide services over the next three to four years that will oversee the development of in-plant process facilities […]

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Football Star Eyes Iraq Broadband Business

By John Lee. The broadband company belonging to former Irish international soccer player and Sunderland boss Niall Quinn (pictured) is reported to be considering entering the Iraq market. The Irish Independent reports that his company, QSat, has formed a partnership with another Irish company, Altobridge, that could take it into Iraq, where Altobridge already provides […]

Kentz Wins FEED Contract at West Qurna

By John Lee. In its half-yearly report issued on Thursday, Irish engineering services group Kentz announced that it was recently awarded a new engineering design contract in Iraq. The company will serve as the main FEED (front-end engineering and design) contractor on the Tuba Project, comprising part of the overall development of the West Qurna […]

Kurdistan and Northern Ireland sign MoU to Strengthen Relations

By John Lee. Northern Ireland's Enterprise Minister, Arlene Foster (pictured), has today signed a Memorandum of Understanding (MOU) with the Kurdistan Regional Government, which will strengthen trade links and define areas of co-operation between the two regions. The MOU is the result of the Minister’s visit to Kurdistan in October 2011 when she met with […]

Petroceltic Planning to Drill in Kurdistan in 2013

In its preliminary results announcement on Thursday, Irish oil and gas exploration company Petroceltic made the following statement on its operations in Iraqi Kurdistan: Petroceltic has been considering making an investment in the highly prospective Kurdistan region of Iraq for several years. We were attracted by the prospective geology of the region, in the shape […]

Irish Companies Visit Basra

Basra Investment Commission (BIC) met a group of Irish companies to discuss ways of investing in Basra and the prospects of joint cooperation, and  agreed to hold the Irish economic conference in the city. The group consists of 12 companies involved in construction, infrastructure, housing, waste recycling and communications and other disciplines. It is already […]

Altobridge Wins Asiacell Iraq Business

Asiacell – the first and largest private Iraqi telecommunications company and the first mobile telecom company to provide coverage for all of Iraq – today announced rolling out mobile voice, broadband and SMS services across remote communities in Iraq using the Altobridge lite-site™ solution. A satellite-backhauled, solar-powered, 2G/3G solution, the Altobridge lite-site™ enables mobile network […]

Petroceltic and Hess to Explore in Kurdistan

Petroceltic International, the Irish-based AIM and ESM listed oil and gas exploration and production company focused on North Africa, the Middle East and the Mediterranean, has announced that, in partnership with Hess Middle East New Ventures, a subsidiary of Hess Corporation, it has executed two Production Sharing Contracts ("PSCs") with the Kurdistan Regional Government of […]