Iraq
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.
News
May 12, 2024
Asked if Iraq would agree to extend the production cuts, Oil Minister Hayyan Abdul Ghani told reporters, “No, I think Iraq has cut enough and will not agree to any other cut.” It wasn’t clear if he was referring to an extension or a deeper cut.
News
April 03, 2024
OPEC’s second-biggest producer pumped 4.17 MMbpd last month, 30,000 bpd less than in February. While that’s Iraq’s lowest output level this year, it’s still about 170,000 bbl more than pledged as the alliance curbs production to prop up the market.
News
February 13, 2024
This year, net production in the North Sea is projected at 15,000-16,000 boepd; the bolt-on acquisition of a 25% stake in the producing UK field Arran will add another 2,000-2,500 boepd once completed. In Kurdistan, DNO expects gross operated production at the Tawke license to continue to average 80,000 boepd.
News
January 18, 2024
For the first thirty wells in the project, Vallourec will supply in aggregate 15,000 tonnes of VAM of various tubes and connections, using the highest quality steel grades, from its Brazilian and European plants. Deliveries will start in 2024.
News
December 20, 2023
Norwegian oil and gas operator DNO ASA has announced a continued rise in gross production from its Tawke license in the Kurdistan region of Iraq, with the December average approaching 90,000 barrels of oil per day.
News
December 08, 2023
WesternZagros, a privately held American company with offices in Calgary, Canada, and Erbil and Sulaymaniyah in the Kurdistan region of Iraq, has officially become a member of APIKUR.
News
November 13, 2023
West Qurna 1 is located in southern Iraq and has recoverable reserve estimates of over 20 Bbbl, making the oil field on of the largest in the world.
News
August 17, 2023
DNO restarted production at Tawke last month, and production is averaging about 40,000 bpd, according to a company statement. DNO said it had restarted the field to conduct well integrity tests and maintained output due to strong local demand.
