Iraq
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.
News
December 02, 2015
Iraq’s Kurdish region, where Genel Energy Plc and DNO ASA pump oil, delayed a target to produce 1 MMbpd as the cost of fighting Islamic State militants saps resources.
News
November 02, 2015
Dana Gas said a court has ordered the Kurdistan Regional Government to pay it and two other energy companies $1.98 billion in a dispute over development rights for two oil and natural gas fields in Iraq’s self-governing Kurdish region.
News
November 26, 2015
Wood Group has won a new contract worth approximately $90 million to deliver services to one of the blue-chip international oil companies (IOC) in Iraq.
News
November 16, 2015
HKN Energy Ltd. announced Monday that the Kurdistan Regional Government of Iraq (KRG) has formally approved its Sarsang Development Plan, which projects increasing production to 50,000 bopd. Additionally, HKN has also declared that the East Swara Tika-1 well, drilled adjacent to the Swara Tika structure, is commercial.
News
November 11, 2015
OPEC’s latest challenge to U.S. shale oil producers would be about two miles long, lined end to end, and weigh almost 3 million metric tons. It’s due to reach American ports this month.
News
November 10, 2015
ABU DHABI (Bloomberg) -- International oil companies submitted proposals to Iraq to change their production contracts in the face of constraints on growth in the country’s output next year after the oil ministry asked for spending cuts amid low crude prices, according to BP Plc.
News
October 29, 2015
Genel Energy has announced the sale of a 20% participating interest in the Chia Surkh Production Sharing Contract, in the Kurdistan region of Iraq, to Petoil Inc.
News
October 20, 2015
Genel Energy Plc, an oil producer in Iraqi Kurdistan, reduced its output forecast for this year after suffering delays to payments for its exports.
News
October 15, 2015
Oil producers operating in the Kurdish area of Iraq rallied Thursday after Gulf Keystone Petroleum Ltd. received its second payment from the regional government for crude exports.
News
October 13, 2015
Petrofac has been awarded a multi-million dollar technical training contract with Shell Iraq, achieving their fourth win with a major operator in the country.
News
October 13, 2015
Oil production from Iraq, the world’s fastest source of supply growth last quarter, will remain similar to current levels next year as the slump in crude prices and the cost of fighting Islamic State militants hamper the government’s ability to invest in new capacity, the International Energy Agency said.
News
October 05, 2015
Iraq’s Kurdish region ramped up crude exports by 27% in September as the semi-autonomous enclave seeks greater financial independence amid a budget dispute with the federal government in Baghdad.
News
September 28, 2015
Iraq’s oil production is at risk for winter when “loading problems” have historically reduced output by 300,000 bopd to 500,000 bopd, Barclays Plc said.
News
September 22, 2015
Iraq’s self-ruled Kurds can’t sell Iraqi crude oil in the U.S. under a court decision that puts a fresh hurdle in the path of Kurdish efforts to achieve financial independence from the central government in Baghdad.
News
September 21, 2015
Gazprom Neft has received its second allocation of oil from the Iraqi State Organization for Marketing of Oil (SOMO) in compensation for costs incurred in developing Badra oil field.
News
September 15, 2015
Genel Energy has signed a definitive sale and purchase agreement with OMV to acquire its 36% operated stake in Bina Bawi field, in the Kurdistan region of Iraq.
News
September 15, 2015
Iraq asked oil companies to reduce their 2016 spending plans in the country by Sept. 30, citing lower oil prices and government revenue.
News
September 03, 2015
Iraq’s crude production will start to decline in 2018 because of a slowdown in investment due to lower oil prices and a costly war on Islamist militants, according to Morgan Stanley.
News
August 19, 2015
The costs of OPEC’s plan to protect members' share of the oil market by out-producing rivals are mounting.
News
August 03, 2015
DNO ASA and Genel Energy Plc shares surged after the regional government of Iraq’s northern Kurdish region said it would start paying them for oil exports next month.
