Iraq
News
July 14, 2016
Gulf Keystone Petroleum Ltd. creditors will take control of the oil producer after low crude prices and erratic export payments left the company unable to service debts.
News
June 20, 2016
BP Iraq has awarded Amec Foster Wheeler a three-year framework agreement to complete conceptual studies and pre-front end engineering design (FEED) work to support BP's plans to sustain and grow production at Rumaila oil field in Iraq.
News
June 01, 2016
Packers Plus Energy Services recently installed and stimulated an open hole completion system in the Kurdistan region of northern Iraq, the company said Wednesday.
News
May 17, 2016
Iraq’s oil industry is on a roll. Production has jumped more than 40% since mid-2014 and exports are at near-record levels.
News
May 09, 2016
Wood Group has secured two new, three-year contracts, collectively valued at over $140 million, to deliver technical services and expertise to one of the world’s leading international oil companies in Iraq.
News
May 02, 2016
Oil declined for a second day as Iraq’s exports approached a record high in April, adding barrels to a worldwide supply glut that has pushed prices lower.
News
April 19, 2016
Major OPEC and other crude producers will meet in Russia, possibly next month, in a new push to agree on an output freeze to shore up oil prices, Iraq’s Deputy Oil Minister Fayyad Al-Nima said.
News
April 19, 2016
The Organization of Petroleum Exporting Countries will resume talks at a meeting in June to reach an agreement on freezing oil output, Iraq’s governor to OPEC said just days after politics thwarted a deal to cap production and curb the global glut.
News
April 14, 2016
Iraqi crude oil production for 2015 was approximately 3.9 MMbpd, up 12% from 2014, according to analysis from Rystad Energy.
News
March 17, 2016
Gulf Keystone Petroleum Ltd. fell to a seven-year low in London trading after saying its future depends on obtaining new funds and restructuring the balance sheet as bond repayments loom.
News
March 16, 2016
Gazprom Neft Middle East, a subsidiary of Gazprom Neft, has assumed the operatorship of Sarqala field, Garmian block, in the Kurdistan Region of Iraq.
News
February 29, 2016
Genel Energy Plc, a UK oil producer operating in Iraq’s Kurdish region, fell by a record in London trading after cutting the reserves estimate for its largest field by almost half.
News
February 24, 2016
The success of a proposal for the world’s biggest producers to freeze crude output hinges on unified support, Iraq’s oil minister said, a day after fellow OPEC member Iran called the plan “ridiculous.”
News
January 25, 2016
The head of the Organization of Petroleum Exporting Countries said he wants oil producers outside the group to assist in reducing the global oversupply, signaling once again that OPEC won’t make output cuts alone.
News
January 21, 2016
OPEC’s decision to flood global markets is helping China’s biggest oil company pump record volumes overseas.
News
January 20, 2016
A new process train—process train B—has been brought into operation at the central processing facility at Iraq’s Badra field, Gazprom Neft, the field’s operator, said in a statement.
News
January 04, 2016
Authorities in Iraq’s cash-strapped Kurdish region will withhold delivery of oil to the central government and export crude independently in 2016 to ensure revenue amid a global price slump, according to a senior lawmaker in the territory’s parliament.
News
December 28, 2015
Cumulative production from Iraq’s West Qurna-2 field has exceeded 30 million tonnes of oil since its launch in March 2014, Lukoil, which operates the field, said in a statement.
News
December 21, 2015
Crude prices are set to rise from current “very low” levels that are hurting producers, Iraq’s Oil Minister Adel Abdul Mahdi said after a meeting of Arab petroleum-exporting nations.
News
December 14, 2015
Stirling Group has partnered with the EU Iraq Energy Centre (EUIEC) to provide risk management training to the Iraqi oil and gas industry to help build a highly skilled and competent workforce.
News
December 07, 2015
Oil extended losses below $40/bbl amid speculation a record global glut will be prolonged as OPEC abandoned its long-time strategy of limiting production to control prices.
