Iraq
News
December 01, 2025
Iraq is moving to reshape ownership of the giant West Qurna-2 field, launching direct talks with select U.S. oil companies to acquire Lukoil’s sanctioned stake. Baghdad says a U.S. operator would strengthen market stability and deepen energy ties with Washington.
News
November 20, 2025
HKN Energy and Iraq’s Ministry of Oil have finalized technical terms for the Hamrin oil field, advancing the project toward a full contract and future production growth.
News
November 10, 2025
Lukoil has declared force majeure on oil shipments from Iraq’s West Qurna 2 field following new U.S. sanctions, marking the first major disruption to the Russian producer’s international operations.
News
November 06, 2025
TotalEnergies has awarded Vallourec a new contract to supply 30,000 tons of tubular solutions for Iraq’s Gas Growth Integrated Project (AGUP2 phase).
News
October 31, 2025
Dana Gas and Crescent Petroleum have completed the $1.1 billion KM250 expansion at Iraq’s Khor Mor field eight months early, adding 250 MMscf/d of new processing capacity and strengthening power generation across the Kurdistan region.
News
October 08, 2025
ExxonMobil has signed new agreements with Iraq’s Basra Oil Co. and SOMO to explore and develop the Majnoon oil field, marking its first upstream re-entry into Iraq since exiting West Qurna-1 in early 2024.
News
September 15, 2025
TotalEnergies, alongside Basra Oil Company and QatarEnergy, has launched construction of the final two major components of Iraq’s multibillion-dollar Gas Growth Integrated Project (GGIP), a landmark upstream and energy transition initiative.
News
July 16, 2025
The Association of the Petroleum Industry of Kurdistan (APIKUR) has spoken out condemning attacks on oil production sites operated by APIKUR member companies in Iraq’s Kurdistan Region that occurred on July 15 and July 16, 2025.
News
April 21, 2025
Wood has been awarded $11 million in contracts by TotalEnergies to support Iraq’s Ratawi field redevelopment, aiming to boost capacity to 120,000 barrels per day under the Gas Growth Integrated Project.
News
April 16, 2025
Iraq, along with some other members of the OPEC+ alliance, is under pressure from the group’s leaders to make extra supply curbs as compensation for overproducing during the past year, according to sources familiar with the matter.
News
March 26, 2025
bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. The contract between North Oil Company (NOC), North Gas Company (NGC) and bp includes the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for investment in exploration.
News
March 24, 2025
Iraq is in talks with several companies to secure two floating storage regasification units (FSRUs) by early June, as OPEC’s second-biggest producer tries to address power shortages caused by a U.S. move against Iran.
News
February 25, 2025
bp today reached agreement on all contractual terms with Iraq to invest in several giant oil fields in Kirkuk providing for the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for investment in exploration.
News
February 06, 2025
DNO ASA reported 2024 revenues of USD 667 million on the back of robust production in the Kurdistan region of Iraq and continued North Sea expansion. Net production climbed 50% year-on-year to 77,300 boed combined from Kurdistan, North Sea and West Africa operations.
News
January 15, 2025
(Bloomberg) – BP and the Iraqi government agreed the majority of commercial terms toward reviving the Kirkuk oil field on Tuesday, further progress toward a final agreement that is expected early this year.
News
January 10, 2025
TotalEnergies, Basra Oil Company and QatarEnergy broke ground on a $250 million project to capture gas from the Ratawi oil field in Southern Iraq. The planned facility will process 50 million cu. ft. per day of gas that was previously flared, TotalEnergies stated.
News
December 20, 2024
(Bloomberg) – BP Plc and the Iraqi government took another step toward reviving one of its most prolific oil and gas resources, the Kirkuk field. The agreement on technical terms to redevelop the field is an important step toward a fully termed contract.
News
December 03, 2024
(Bloomberg) – OPEC’s crude production increased for a second month as Libya continued to recover from a political feud that had closed its biggest oil field.
News
December 02, 2024
Fulkrum has announced the launch of its new entity in Iraq. This significant milestone comes as Fulkrum secures a multi-million USD contract to provide surveillance services for a major gas hub development project in the region.
News
October 10, 2024
Iraq’s semi-autonomous region of Kurdistan has cut its oil production by half upon request from Baghdad, as the second-largest producer in OPEC tries to meet its output quota.
News
June 12, 2024
Wood will provide front-end engineering design (FEED), detailed design, procurement support, and construction and commissioning assistance for the first phase of the Associated Gas Upstream Project, part of the Gas Growth Integrated Project (GGIP) in Southern Iraq.
