Iraq


All posts for Iraq

Cost Control is Key in Iraq’s New Contract Model, Says GlobalData

The winners of Iraq's latest bid round will need to keep costs low to achieve competitive returns compared to previous contracts, according to GlobalData , a leading data and analytics company. The country's first round since 2012 closed on April 26, with most major E&Ps staying away and only 6 ...

OilVoice Press - OilVoice


Posted 20 days agoOpinion > GlobalDataIraqCost Control +2

DNO Expands and Accelerates Kurdistan Operations While Building Up North Sea Exposure; Reports Robust First Quarter 2018 Results

Oslo, 26 April 2018 - DNO ASA, the Norwegian oil and gas operator, today announced expansion and acceleration of operations in the Kurdistan region of Iraq while building up its North Sea exposure. First quarter revenues, the highest in nearly four years, stood at USD 142 million and net profit at ...

OilVoice Press - OilVoice


Posted 25 days agoPress > DNOKurdistanOil +7

Gulf Keystone Petroleum: 2017 Full Year Results Announcement

Strong commercial and operational delivery throughout the year Profit for the first time since entry to Kurdistan Gulf Keystone, operator of the Shaikan Field in the Kurdistan Region of Iraq ("Kurdistan"), today announces its results for the year ended 31 December 2017. Highlights t ...

OilVoice Press - OilVoice


Posted 1 month agoPress > GKPGulf KeystoneGulf Keystone Petroleum +4

Shell Completes Sale of its Stake in Iraq’s West Qurna 1 Oil Field to ITOCHU Corporation

Shell EP Middle East Holdings B.V. has completed the sale of the entire share capital of Shell Iraq B.V (SIBV), which held its 19.6% stake in the West Qurna 1 oil field, for $406 million, to a subsidiary of ITOCHU Corporation. The purchaser has also assumed debt of $144 million as part of the ...

OilVoice Press - OilVoice


Posted 1 month agoPress > ShellDivestmentIraq +4

Iraq Increases Output from Southern Fields Offsetting the Kirkuk Area Supply Disruptions

What happened: On October 19, 2017, Kayrros satellite data showed signs of disrupted output in two major oil fields in the Iraqi Kurdistan region: the 100 kb/d Kirkuk Avana field and the 175 kb/d Bai Hassan field. Since Kirkuk Avana has recently resumed production , and Bai Hassan is ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > IraqKayrrosKirkuk +3

Shell to Sell its Stake in Iraq’s West Qurna 1 Oil Field to Itochu Corporation

Shell EP Middle East Holdings B.V. has agreed to sell the entire share capital of Shell Iraq B.V (SIBV), which holds its 19.6% stake in the West Qurna 1 oil field, for $406 million, to a subsidiary of ITOCHU Corporation. The purchaser will also assume debt of $144 million as part of the transactio ...

OilVoice Press - OilVoice


Posted 1 month agoPress > ShellIraqDivestment +6

Genel Energy: Update on Tawke PSC Reserves and Resources

Genel Energy plc ('Genel') notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest) , has today issued an update on the Tawke licence reserves and resources. T he Tawke licence contains the Tawke and Peshkabir fields. Gross oil reserves (MMboe) 1P 2P 3P 31 ...

OilVoice Press - OilVoice


Posted 2 months agoPress > Genel EnergyTawkeReserves +4

OPEC Feb Crude Output 32.39 Mil b/d, Down 70,000 b/d From Jan: S&P Global Platts Survey

OPEC FEB CRUDE OUTPUT 32.39 MIL B/D, DOWN 70,000 B/D FROM JAN: S&P GLOBAL PLATTS SURVEY VENEZUELA FEB OUTPUT LOWEST IN S&P GLOBAL PLATTS SURVEY HISTORY, ASIDE FROM 2002-03 STRIKE LIBYA FEB CRUDE PRODUCTION HIGHEST IN NEARLY FIVE YEARS: S&P GLOBAL PLATTS SURVEY   London (Platts)--06Mar2018/530 a ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > OPECCrudeOutput +7

Gulf Keystone Petroleum: Operational & Corporate Update

Gulf Keystone, operator of the Shaikan Field in the Kurdistan Region of Iraq ("Kurdistan"), is today providing an operational and corporate update. This is in advance of the Company's full year results for the period ended 31 December 2017 which are expected to be announced on Wednesday 11 April 2 ...

OilVoice Press - OilVoice


Posted 4 months agoPress > Gulf Keystone PetroleumOperational UpdateKurdistan +2

Gas Plus Khalakan: Operations Update

Gas Plus Khalakan (“GPK”), the operator of the Shewashan oil field in the Kurdistan Region of Iraq, is pleased to provide an end 2017 update on the operations and activity that has occurred on the Shewashan oil field. Oil Sales: Total payments received by GPK for oil sales now amount to $9.0 mi ...

OilVoice Press - OilVoice


Posted 4 months agoPress > Shewashan Oil FieldKurdistanIraq +3

Petrofac Secures US$160 Million Award From Basra Oil Company

Petrofac's Engineering & Production Services (EPS) division has secured an award worth US$160 million from Basra Oil Company (BOC), previously known as South Oil Company, for its Iraq Crude Oil Export Expansion Project (ICOEEP).  The new two-year extension reflects Petrofac's continued delivery foc ...

OilVoice Press - OilVoice


Posted 5 months agoPress > PetrofacBOCBasra Oil Company +4

KCA Deutag Secures Land Drilling Contracts for Five Rigs Worth $48m

Leading international drilling and engineering contractor KCA Deutag today announces that its land drilling operation has been awarded new contracts for five rigs with a combined contract value of $48 million. The first of those rigs, the T-72 has been awarded a nine month contract in Pakistan for ...

OilVoice Press - OilVoice


Posted 6 months agoPress > KCA DEUTAGPakistanDrilling +3

DNO Flows Peshkabir-3 Well, Reports Strong Third Quarter Results

Oslo, 9 November 2017 - DNO ASA, the Norwegian oil and gas operator, today announced flow rates of more than 3,000 barrels of oil per day (bopd) from the first zone tested in the Peshkabir-3 well in the Kurdistan region of Iraq. Nine other oil zones and one gas zone have been identified for testin ...

OilVoice Press - OilVoice


Posted 6 months agoPress > DNONorwayWell Update +4

The 5 Countries That Could Push Oil Prices Up

By Nick Cunningham for Oilprice.com Oil prices appear to be stuck in the $50s per barrel, but that doesn't mean there aren't serious supply risks to the market. An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. Geopo ...

Oilprice Staff


Posted 6 months agoOpinion > oil priceIraqIran +4

September Unplanned Global Oil Supply Disruptions Fall to Lowest level Since January 2012

Source: U.S. Energy Information Administration, Short-Term Energy Outlook , October 2017 Note: OPEC disruptions include crude oil only; non-OPEC disruptions include crude oil and other liquid fuels. Unplanned global supply disruptions fell to 1.6 million barrels per day (b/d) in September ...

OilVoice Press - OilVoice


Posted 6 months agoOpinion > OPECEIAEnergy Information Administration EIA +6