Iraq ///

Weatherford wins multiyear contracts in Iraq

Weatherford International has been awarded two fully integrated rig contracts and one well services (through-tubing intervention) contract with a multinational operator in one of the world's largest proven oil fields located in Iraq.

First oil

Kurt Abraham, World Oil

Another mixed outlook awaits the E&P sector

Guilty plea on five counts in UK's Iraqi bribes case

A former oil executive pleaded guilty to five counts of corruption in the U.K. as part of one of the white-collar financial crime prosecutor’s biggest bribery investigations.

EIA: Iran drove unplanned OPEC production outage to highest levels since 2015

EIA says unplanned crude oil production outages for OPEC averaged 2.5 MMbpd in the first half of 2019, the highest six-month average since the end of 2015.

Lukoil, Iraqi Minister of Oil discuss prospects for cooperation

President of LUKOIL Vagit Alekperov has met with Thamir Abbas Ghadhban Al Ghadhban, Deputy Prime Minister and Minister of Oil of the Republic of Iraq, at the St. Petersburg International Economic Forum.

Marathon Oil exits Iraq upon completion of Kurdistan divestiture

Marathon Oil Corporation has announced that it has closed on the sale of its 15% participating interest in the Atrush Block in Kurdistan.

Iraq says ExxonMobil evacuation of staff is `unacceptable'

The evacuation of some ExxonMobil Corp. workers is “unacceptable and unwarranted” because it has nothing to do with the security situation in southern Iraq, according the country’s energy minister.

Gazprom Neft produces its two-millionth ton of oil in Kurdistan, Iraq

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its two-millionth ton of oil since starting commercial production at its Sarqala field in the Kurdsitan Region of Iraq.

H. E. Mr. Thamir A. Al-Ghadhban, deputy prime minister of Iraq for energy affairs and minister of oil, meets Eni’s CEO Claudio Descalzi

The Deputy Prime Minister of Iraq, Mr. Thamir A. Al Ghadhban, and the CEO of Eni, Claudio Descalzi met in Baghdad.

Petrofac secures training solutions contracts in Oman, UAE and Iraq

Petrofac has secured a number of new awards and contract extensions, with a combined value of over $30 million, to provide training solutions for key national oil company and international oil company clients in Oman, the UAE and Iraq.

Iraq’s burgeoning crude exports become factor in OPEC policies

Iraq has quietly emerged as the world’s fourth-biggest oil producer and wants a bigger say in OPEC and the global energy game.

Companies in the news

Michele Cowart, World Oil

LUKOIL has commenced drilling new production wells at West Qurna-2 field as part of the second development phase.

Jordan to negotiate $1 billion debt-reduction loan, oil from Iraq to help boost economy

Jordan and the World bank are in $1-billion loan discussions to cut the cost of the Middle East country's debt repayments and revive an economy strained by more than a million Syrian refugees.

Gazprom Neft commissions third production well at Sarqala field

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a third production well at its Sarqala field in the Kurdistan Region of Iraq (KRI).

Lukoil, INPEX have concluded testing in Iraq's Eridu field 5th well

Lukoil and INPEX Corporation have successfully completed testing of the fifth well as part of the appraisal phase at the Eridu field (Block 10) in the southern part of Iraq.

ADES International acquires onshore rigs from Weatherford

ADES International Holding PLC has announced that it has completed the acquisition transaction with Weatherford International plc and receipt of the final two onshore rigs in Algeria, and a further two rigs delivered outside of Southern Iraq for relocation to Saudi Arabia.

Dana Gas, Crescent Petroleum to boost Khor Mor gas production 63% within two years

Pearl Petroleum Company Limited has signed a new 20-year Gas Sales Agreement (GSA) with the Kurdistan Regional Government to enable production and sales of an additional 250 MMscfd.

Lukoil has confirmed Eridu field geological model

Lukoil has successfully completed testing of the fourth well as part of Eridu field (Block 10) appraisal phase in the south of Iraq.

Halliburton secures drilling contract from Eni Iraq

Halliburton Company has announced it has signed two contracts with Eni Iraq BV (Eni) to provide integrated drilling services at Eni’s Zubair oil field in Southern Iraq.

OPEC is in 'whatever it takes' moment to prop up oil prices

OPEC hasn’t even started implementing its new six-month agreement to cut output, and already members responsible for most of the reductions have pledged to extend or even deepen it.