By John Lee. DNO International ASA, the Norwegian oil and gas company, today announced first quarter 2014 net profit of USD 24 million on operating revenue of USD 113 million. Production climbed by more than a quarter from the previous quarter to 45,744 barrels of oil equivalent per day on a company working interest (CWI) basis. The […]
By John Lee. Petroceltic International plc, the independent oil and gas exploration company focused on the Middle East, North Africa, Mediterranean and Black Sea regions, has announced an update on its operations in the Kurdistan Region of Iraq, Egypt and Romania. Below we have included their operations update for the Kurdistan region of Iraq: Kurdistan: The Shakrok-1 […]
By John Lee. Oil companies operating in the Kurdistan Region have so far donated $15 million dollars towards humanitarian aid for refugees from the war in Syria, through an initiative launched by the KRG Ministry of Natural Resources. Thousands of Syrian refugees who have fled to the Kurdistan Region have received help through the donations. […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After around 176 days of a political impasse over power sharing, Iraqi Kurdistan announced that it had started to form its new regional government. Rather significantly, the opposition Change movement […]
By John Lee. On 20th March, 2014, Prime Minister Nechirvan Barzani announced a KRG goodwill initiative to make a contribution to Iraq oil export to give the ongoing negotiations with Baghdad the maximum chance of success. The Prime Minister stated that the contribution to oil export from the KRG would be 100,000 barrels per day, […]
By John Lee. Taqa (Arabic for "energy") has released it's full results for 2013, announcing that the company has secured regulatory approval for the development plan of the Atrush field in Iraq. The first oil production at Atrush is expected in 2015 (see Iraq section below.) For the full report on Taqa's 2013 results, including their […]
By John Lee. Turkish Energy Minister Taner Yildiz (pictured) has remarked at a press conference that the country is ready to export oil from storage tanks at Ceyhan, once they have reached their capacity of 2.5 million barrels. Baghdad is currently opposed to such a move, and minister Yildiz has expressed a desire for the […]
By John Lee. DNO International has announced that two new high rate horizontal wells are now pumping oil at the Tawke filed in the Kurdish region. The combined rate of production of both wells is 37,000 bpd. By the year's end DNO expect to have 9 wells operational in the field, which they hold a […]
