NISOC is ready “in any period” to stop reducing its oil production
Basra
Posted inProducts & Services
Damaged Iraq pipeline in Basra repaired
The pipeline was damaged when a nearby dry gas pipeline caught fire
Posted inDRILLING & PRODUCTION
Iraq made $7.3bn in revenue from oil exports in May
The vast majority came from oilfields in central and southern Iraq
Posted inProducts & Services
Ex-Petrofac executive pleads guilty to 11 counts of bribery, UK Serious Fraud Office says
David Lufkin plead guilty to 11 counts of bribery relating to making corrupt offers to influence contract awards worth billions, according to the SFO
Posted inDRILLING & PRODUCTION
Eni eyeing new opportunities in Iraq
The deputy prime minister of energy affairs for Iraq, Thamir A. Al Ghadhban, and the Chief Executive Officer of Eni, Claudio Descalzi met in Baghdad this week
Posted inDRILLING & PRODUCTION
Iraq to drill 40 new wells in Majnoon field: Oil ministry
This is expected to boost production at the giant field to 450,000 barrels per day (bpd) by 2021, up from current output of 240,000 bpd.
Posted inDRILLING & PRODUCTION
Iraq oil exports reportedly rose 9.5% in December
Reuters reports that Iraq’s oil exports averaged 3.726mn barrels per day (bpd) in December, up from 3.372mn bpd in November
Posted inDRILLING & PRODUCTION
Iraq’s policies to support oil and gas development appear stalled, says GlobalData
Iraq’s oil production is growing, but existing contracts are not reaching their full potential
Posted inDRILLING & PRODUCTION
Performing contracts during unrest in Iraq
Randall Walker, Malek Takieddine and Slava Kiryushin, of international law firm CMS, put force majeure in perspective following protests in Basra
Posted inDRILLING & PRODUCTION
Shell completes Majnoon oilfield pull-out in Iraq
Anglo-Dutch oil major continues to streamline its operations as it reduces its holdings in Iraq with Majnoon withdrawal.