Iraq ///

U.S. persuades Iraq to quash Siemens power deal in favor of GE

The Trump administration intervened to quash a $15 billion deal for Siemens Corp. to develop power stations in Iraq, instead persuading Baghdad to sign an agreement with General Electric Co., two administration officials said.

Iraq wants to know how buyers use its oil

Iraq would like to know how and where its oil will be used, as demand rises for Middle Eastern cargoes to replace shipments from Iran.

The heart of global oil exports thrives amid geopolitical tensions

Michele Cowart, World Oil

The Middle East and North Africa (MENA) remain the quintessential oil exporting region, replete with considerable assets and tensions.

DNO ramps up Peshkabir field output to 50,000 bopd

DNO ASA, the Norwegian oil and gas operator, today announced production at Peshkabir field in the Kurdistan region of Iraq has ramped up to 50,000 bopd, meeting the end-2018 target ahead of schedule and below budget.

Petrofac secures $50-million contract extension in Iraq

Petrofac’s Engineering & Production Services (EPS) East business has secured a four-year renewal of a contract for maintenance management services for an international oil company client in Iraq.

Iraqi crude exports extend gains in September as buyers shun Iran

Iraq exported more than 4 MMbpd for a second consecutive month in September as buyers sought alternative supplies to Iran ahead of U.S. sanctions.

Iraq pumping oil at record levels, unaffected by protests

Iraq is pumping crude at record levels and the violent street protests that engulfed the oil-rich south have not affected energy facilities in OPEC’s No. 2 producer.

Iraq says it's ready to boost oil exports once OPEC gives OK

Iraq sees a need to increase crude exports and says it’s ready to ship more as soon as OPEC agrees how members will share a collective supply boost, according to the acting director-general of the state-run Oil Marketing Co.

DNO ramps up in Kurdistan, plans dividend payments

DNO ASA, the Norwegian oil and gas operator, today announced plans for its first dividend distribution to shareholders in 13 years following release of strong half-year 2018 results, including revenues of $289 million, which were up 83% from the same period last year.

Petrofac awarded Basra Oil Company EPC contract

Petrofac has been awarded a contract worth around $370 million by Basra Oil Company (BOC) for expansion of the Central Processing Facility (CPF), located in Majnoon field, Southern Iraq.

DNO exceeds production target at Peshkabir field, in Iraq

DNO ASA, the Norwegian oil and gas operator, has announced that a fourth well has been put on production at Peshkabir field in the Kurdistan region of Iraq, pushing total output past the previously published target of 30,000 bopd.

Iraq just exported most crude oil since November 2016

Iraq exported oil at the fastest pace since late 2016 during the first half of July, indicating OPEC’s second-largest producer is pumping more after the group eased production limits.

DNO announces a production increase at Peshkabir field, in Iraq's Kurdistan

DNO ASA, the Norwegian oil and gas operator, today announced a two-thirds increase in production from Peshkabir field--which is in the Tawke license, in the Kurdistan region of Iraq--to 25,000 bopd, following completion of the Peshkabir-4 well testing program.

Iraq says oil production remains stable amid protests

Iraq is pumping oil at normal levels even as protests spread across the southern region from where OPEC’s second-biggest producer exports most of its crude, according to a government spokesman.

ADES International acquires onshore drilling operations from Weatherford

ADES International Holding Ltd., the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, has announced that it has signed a definitive agreement with Weatherford International for the acquisition of 31 onshore drilling rigs for a purchase price of $287.5 million.

MENA Supply: Robust performance amid tense geopolitical environments

The Arab Petroleum Investments Corporation (APICORP), the multi-lateral development bank focused on the energy sector, published its latest research report, which focuses on the performance of the different countries in the MENA region’s oil supply, in the context of regional geopolitics.

OPEC resistance to Saudi supply plan grows with Iraqi defiance

Iraq said OPEC should resist pressure to increase oil supplies, strengthening opposition to plans by Saudi Arabia as the group prepares to meet next week.

Lukoil signs new development plan for West Qurna-2 field in Iraq

Lukoil and the Basra Oil Company signed a development plan for West Qurna-2 field that provides for an oil production plateau of 800,000 bpd. According to the plan, the oil production of 480,000 bpd will be reached in 2020 and 800,000 bpd is expected in 2025.

Iraq awards oil and gas blocks as Exxon, Total drop out

Iraq awarded contracts for just over half of the energy deposits offered in an auction that failed to attract bids from most of the big oil companies that initially expressed interest.

Gazprom Neft commissions second well at Sarqala field in Iraq

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a second well — the Sarqala-2 — at its Sarqala field (within the Garmian block), located in the Kurdistan Region of Iraq (KRI).