The latest Shell Oil Company Iraq news – oilfields, pipelines, investment and more -brought to you by Iraq Business News
A senior official at Shell said that Iraq is losing $50 dollars per second, more than $4 million a day, as a result of flaring the gas associated with oil production in the province of Basra. The company's Vice-President for the Middle East and North Africa, Mounir Bouaziz, reportedly said his company was currently awaiting […]
Following our recent reporting of Petrofac's (LSE: PFC) new business in Iraq's Majnoon oilfield, the company issued its half-year results this morning (Monday). While the only reference to Iraqi business in the results was the following statement: "In Iraq, we have commenced early stage engineering work for an International Oil Company which is expected to […]
Further to our report last week Halliburton has confirmed that it has been awarded a letter of intent by Shell Iraq Petroleum Development B.V. for the development of the Majnoon field in Southern Iraq. Dow Jones suggests the contract for the 15 wells could be worth $150m. The giant Majnoon field is one of the […]
More details are coming to light regarding Petrofac's new contract in Iraq, about which we reported last week. Dow Jones reports that the two crude-oil processing plants will be at Iraq's super giant Majnoon oil field, which is run by Iraq's state-run South Oil Co., Royal Dutch Shell PLC (RDSA) and Malaysia's state-run Petronas, and […]
Halliburton has won a contract to drill 15 wells at the super-giant Majnoon oilfield, operated by Shell and Petronas, according to a report this afternoon from Reuters. (Source: Reuters) Related articles: Moody’s Boosts Petronas Rating on Iraq Exposure Shell to Award Deals to Develop Iraq’s Oil Fields Iraqi Oil Ministry Sets 2014-15 Targets for Crude […]
ExxonMobil (XOM.N) and its partner Royal Dutch Shell (RDSa.L) have not been affected by a delay in the formation of Iraq's new government, and work on their West Qurna Phase One project is moving ahead, an Exxon executive said on Monday. Exxon expects to tender later this year to drill new wells in the supergiant […]
Shell and its Iraqi state partner are in the process of awarding a deal to drill new oil wells at the super giant Majnoon oil field in southern Iraq, the head of Iraq's state-run South Oil Co., Dhiaa Jaafar, said on Tuesday. Dow Jones reports that Shell, which partnered Malaysia's state-run Petronas to develop Majnoon, […]
Further to the gas deal signed with Shell and Mitsubishi (see our report here), BusinessWeek reports an Iraqi government spokesman as saying that gas output will probably exceed the nation’s domestic demand for power generation by 2015 or 2016, allowing the country to export gas in liquid form. Natural gas is produced as a by-product […]
A total of Eighteen German and Dutch oil companies will participate in an oil conference in Arbil on Tuesday - “The Netherlands government organizes this conference along with Shell, 14 Dutch oil companies and three German companies,”
Iraq plans to boost power capacity to 27,000 megawatts in four years after opening its gas sector with a contract awarded to Royal Dutch Shell, this will need an investmnt of at least $3 billion to $4 billion per year, Iraq’s Electricity Minister Karim Waheed told Reuters on Sunday.
Iraq's oil ministry has sent the final draft of a gas deal with Royal Dutch Shell to cabinet for approval, Iraq's Oil Minister said on Thursday.
The contract, estimated at several billions of dollars, is to take place in oil fields in southern Iraq.
