Genel Energy gets multimillion dollar payment from Kurdistan government
Genel Energy said a payment of $24.28million has been received from the Kurdistan Regional Government for oil sales during last month.
Iraq
Genel Energy and partners receive Taq Taq payments
Genel Energy said it has received a $5.5million from the Kurdistan regional government for oil sales in May.
Amec Foster Wheeler wins BP Iraq contract
Amec Foster Wheeler has secured a three-year framework agreement by BP Iraq to complete conceptual studies and pre-front end engineering design (FEED) work to support BP plans to sustain and grown production at the Rumaila oil field in Iraq.
Kurds want $1 billion a month before signing new oil deal with Baghdad
Iraq's Kurds are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports, if it guarantees them a monthly revenue of $1 billion, a spokesman for the Kurdistan Regional Government (KRG) said.
Iraqi oil minister estimates oil price could hit up to $65
Iraq's deputy oil minister has said he expects the oil price to be as much as $65 per barrel in the second half of the year.
ISIS raises taxes in its territory as oil revenue is squeezed
ISIS is making up for lost revenue from coalition strikes on its oil infrastructure by squeezing the population under its control through high taxes.
Genel confirms April payment from Kurdistan authorities
Genel Energy, operator of the Tawke field, confirmed the field partners have received $16 million from the Kurdistan Regional Government for oil sales during April 2016.
Shell reduces ex-pat workforce on Manjoon oilfield
Oil major Shell is said to be reducing its workforce at the Majnoon oilfield in Southern Iraq as the country continues to manage a number of financial pressures.
Iran won’t freeze oil output as it gears up for OPEC meeting
Iran, which is due to meet with OPEC partners on June 2, has no plan to join any freeze in crude output as the country won’t be done ramping up oil exports to pre-sanctions levels before the second half of the year, the head of the state oil company said.
14 killed as Islamic State militants attack natural gas plant near Baghdad
Islamic State militants have attacked a state-run natural gas plant outside Baghdad, killing at least 14 people, officials said.
Wood Group in double contract win, creates 100 new jobs
Wood Group has won two new, three contracts, totaling $140million.
Iraq oil shipments near record as protests intensify in Baghdad
Iraq’s oil exports approached a record high in April, adding barrels to a worldwide supply glut, even as protests against public corruption threatened to paralyze the OPEC member nation’s government.
Gulf Keystone reaches agreement with bondholders
Gulf Keystone has reached an agreement with its bondholders to make use of good grace for April coupon payments.
GE Oil & Gas signs first-of-its-kind partnership with Iraq Ministry of Oil
GE Oil & Gas has signed an agreement with the Iraqi Ministry of Oil that aims to strengthen the performance of the nation’s energy sector and create local jobs.
Iraq says OPEC will pursue output-freeze talks at June meeting
The Organization of Petroleum Exporting Countries will resume talks at a meeting in June to reach an agreement on freezing oil output, Iraq’s governor to OPEC said just days after politics thwarted a deal to cap production and curb the global glut.
Gulf Keystone and Genel get Kurdish oil cash
Gulf Keystone Petroleum has received $15 million payment from the Kurdistan Regional Government in Iraq for Shaikan crude oil exports in March.
Genel receieves $13million for March Taq Taq oil
Genel Energy has received $13million from the Kurdistan Regional Government as its share of March oil payments from the Taq Taq field in Northern Iraq.
Geologist set to be Iraq’s new oil minister may seal deal with Kurds
The man nominated to be Iraq's new oil minister is a Kurdish petroleum geologist who could end a bitter dispute with the northern self-rule region and free up more oil exports through a pipeline to Turkey.
Iraq oil minister suspends duties citing political disarray
Iraq’s Oil Minister Adel Abdul Mahdi suspended his participation in the cabinet, citing disarray in government ministries in OPEC’s second-biggest supplier.
Video: Timelapse shows oil units being put in place on BP field
This footage shows two large oil processing units being lifted into position at one of the Rumaila field's degassing stations in Iraq.
Genel downgrades reserve estimates
Genel Energy has downgraded estimated reserves from its assets in Iraq.
Total fined over oil-for-food case in Iraq
French oil giant Total has been fined EUR750,000 for corrupting foreign officials relating to the United Nations' Iraqi oil-for-food programme.
Gulf Keystone gets $15m payment from KRG
Gulf Keystone Petroleum said the Kurdistan Regional Government has authorised a payment of $15million to the company.
Weatherford says it’s not responsible for radioactive material stolen in Iraq
US oilfield services company Weatherford has insisted it was not responsible or liable for "highly dangerous" radioactive material stolen last year from a storage facility in southern Iraq.
Video: Coalition forces strike IS oil and gas plant
Fresh footage from the Pentagon has shown air strikes on an IS (Islamic State) gas and oil plant in Syria.