TAQA exits Iraq with ShaMaran, HKN deal
The two companies already work together on the adjacent Sarsang block, where HKN is operator. “We look forward to working together at Atrush to realise significant synergies on both blocks.”
Iraq
Dana Gas stays gas focused while navigating pipeline politics
Dana has said its gas fields in Kurdistan “could be the biggest gas fields in the whole of Iraq”.
Total boosts earnings, with integrated power starting to kick in
Cash flow from operations reached $9.3bn in the quarter, and $27.4bn for the first nine months of the year.
Kurdistan producers warn no quick restart to Iraq-Turkey pipeline
Members of the producer group would not be in a position to produce oil for export until it is clear how they will be paid, it said.
Adnoc L&S adds eight jack-up barges
The ZMI CEO said the company was ready to "expand our operations across Asia and explore new markets”.
Kurdistan producers face problems beyond pipe stoppage
APIKUR reported that its members had cut spending by around $400mn in 2023, with plans for 2024 in doubt.
Gulf Keystone seeks local buyers
Gulf Keystone had previously trucked Shaikan crude to the Turkish border, for onward transport via pipeline to Ceyhan in 2015. It ended trucking in 2019.
Shell linked to Iranian company power payments in Iraq
Greenpeace has raised concerns about a Shell joint venture in Iraq, which could provide benefits to a company linked to the Iranian regime.
TotalEnergies brings in QatarEnergy to unlock Iraq deal
Plans took a long time to progress because of a difference of opinions over terms and shareholding. Iraq had pushed for a higher stake in the project. Initially, its interest was to be held by the Iraq National Oil Co. (INOC), this was abolished in September 2022.
Kurdistan operators confirm shutdown on Iraq-Turkey ruling
Iraq’s Ministry of Oil has said it would discuss how to export “Iraqi oil through the Turkish port of Ceyhan” with the authorities in Kurdistan and Turkey.
Scots oil worker held in Iraqi prison over alleged debt released, pressure group says
A Scottish man who was reportedly held in an Iraqi prison over a bank debt has been released, according to the human rights organisation which has been campaigning for his release.
Why can you live within six miles of a gas flare in Fife, but not Iraq?
A recent investigation linked gas flaring to cancer cases in Iraq, so where does this leave people living around Mossmorran in Fife?
OPEC slashes production, Biden talks tough
OPEC has taken the decision to cut production by 2 million barrels per day from its August target, amid growing concerns over weak pricing.
Genel sticks with Weir for CEO spot
Genel Energy has confirmed interim CEO Paul Weir to take over the role for good, with immediate effect.
TotalEnergies completes Kurdistan exit with Sarsang sale
TotalEnergies has completed the sale of an 18% stake in the Sarsang field to ShaMaran, completing its exit from the Iraqi region of Kurdistan.
OPEC+ cuts production for October
OPEC+ has agreed to cut production by 100,000 barrels per day in October, returning the targeted output to the level of August.
Iraq echoes Saudi concerns on oil market volatility, warns of OPEC action
Iraq’s SOMO has endorsed Saudi Arabia’s take on the oil market’s situation, expressing concerns around “false signals” for the market.
British ex-oil and gas geologist to be freed from prison after smuggling conviction quashed
A retired British oil and gas geologist is to be released from an Iraqi prison after his conviction for attempted artefact smuggling was quashed, according to his family.
Russia muscles in on Indian oil market at expense of OPEC titans
Watch out Iraq and Saudi Arabia, Russia is making huge inroads into the Indian oil market and has quite possibly become the largest supplier to the giant Asian buyer.
British former oil and gas geologist jailed in Iraq for smuggling artefacts
A British former oil and gas geologist has been sentenced by an Iraqi court to 15 years in prison after being convicted of attempting to smuggle artefacts out of the country.
Aberdeen man involved in Unaoil bribery case appeals conviction after similar cases quashed
An Aberdeen man found guilty of paying bribes to win oil contracts in war-torn Iraq has appealed against his conviction.
Barzani talks Kurdistan opportunities with PM Johnson in London
UK Prime Minister Boris Johnson has hosted Kurdistan Prime Minister Masrour Barzani in No. 10, with talks of energy security and supplies to Europe.
Iraq eyes decision in May on Halliburton gas deal
Iraq may reactivate a deal with Halliburton to drill wells in a western gas field in Akkas next month, Oil Minister Ihsan Abdul Jabbar told local media.
Security risks abound for MENA oil supply
The Middle East and North Africa region is at “growing risk” of oil supply disruption, a new analysis from Verisk Maplecroft has reported.
Second Unaoil conviction crumbles on appeal, in blow to SFO
The Court of Appeal has quashed another conviction related to alleged wrongdoing by Unaoil, setting Paul Bond free today in another rebuff to the Serious Fraud Office (SFO).