Iraq, BP Sign Kirkuk Oilfield Development Contract
Iraq's state-run North Oil Company on Monday signed an agreement with BP to develop the northern Kirkuk field, an Iraqi oil official said.The agreement was signed in the southern Iraqi city of Basra, he told Reuters.Reporting by Aref Mohammed; Writing by Maher Chmaytelli
AISUS Bags Contract in the Middle East
Offshore inspection company AISUS announced its first major contract win in the Middle East with North Oil Company (NOC). The six-figure agreement marks a milestone for the firm and provides the foundation on which the company plans to build its growing business in the Middle East.
Iraq to Increase Kirkuk Oilfields Output to Supply Refineries
Iraq's state-run North Oil Company (NOC) has begun testing operations at its Avana and Bai Hassan oilfields in Kirkuk to increase crude supply for domestic refineries, Iraqi officials said on Wednesday. "We have started testing operations…
Oil Rises as Kirkuk-Iraqi Fighting Escalates
Iraq forces move into oil-rich, Kurdish-held Kirkuk. Oil markets jumped on Monday as Iraqi forces entered the oil city of Kirkuk, taking territory from Kurdish fighters and raising concerns over exports from OPEC's second-largest producer.
Total to Invest $3.5 Bln over Five Years in Qatari Field
France's Total will invest $3.5 billion over five years in Qatar's offshore Al Shaheen oilfield and expects to keep production running at 300,000 barrels per day in future, French and Qatari executives said on Tuesday. Total's investment…
Total to Maintain 300,000 bpd Output from Al Shaheen Oilfield
Total CEO Patrick Pouyanne aims to maintain production of 300,000 barrels a day from the Qatari offshore Al Shaheen oilfield for "many years", he said on Tuesday. Pouyanne was speaking at a news conference in the Qatari capital Doha…
Euronav Bags Five-Year FSO Deals
Euronav's joint venture with International Seaways (INSW) has signed a contract for five years for the FSO Africa and FSO Asia in direct continuation of the current contractual service. The contract was signed with North Oil Company (NOC)…
Bombs target oil pipeline in Iraq's Kirkuk
Four bombs went off on Saturday near a minor pipeline from an oilfield close to the northern Iraqi city of Kirkuk, security and oil industry sources said. The pipeline delivers crude from the Bai Hassan oilfield to a degassing station in Kirkuk…
Iraqi Exports through Kirkuk-Ceyhan Pipeline Resume
Iraq resumed oil exports through the Kirkuk-to-Ceyhan pipeline on Wednesday after pumping was halted for nearly 24 hours "at the request of the Turkish side", a source in Iraq's North Oil Company said. The outage began early on Tuesday.
Iraqi PM Says Kurds Exporting More Oil Than Allocated
Iraq Prime Minister Haider al-Abadi said the autonomous Kurdish region was exporting more than its allocated share of oil as the country seeks to comply with an OPEC output cut. In November, OPEC agreed to cut output by 1.2 million barrels per day from January 2017 to support prices.
Iraq Sept Oil Exports from Southern Ports rise slightly
Iraq's oil exports from the southern ports rose to an average of 3.245 million barrels per day (bpd) in September, from 3.230 million in August, the oil ministry said on Saturday. OPEC's second-largest producer also exported 935,270 barrels - an average of 31…
Iraq exported 935,270 barrels of oil in Sept via Ceyhan
Iraq exported 935,270 barrels of oil in September via pipeline to the Turkish Mediterranean port of Ceyhan, the oil ministry said on Saturday. September was the first full month for exports since the North Oil Company resumed pumping crude from fields it operates in Kirkuk…
Brent Softens, but Third Week of Gains Likely
Brent crude oil fell on Friday after hitting an eight-week high, as weak fundamentals countered a lift in sentiment over talks next month on a possible output freeze, though futures remained on track to rise for a third consecutive week.
Total to Invest over $2 bln in Al-Shaheen Development -CEO
Total plans to invest more than $2 billion in developing the Al-Shaheen oilfield over five years, the company's chief executive said on Monday, after the French major won a 30 percent stake to operate Qatar's largest offshore oilfield.
Kurdish Oil Flows Shut as Pipeline Sabotaged in Turkey
Kurdistan's oil exports to world markets are set to be suspended for a second week running, a shipping source said, a move that will deprive Iraq's semi-autonomous region of its main revenue stream as the security situation in southeast Turkey worsens.
Kurds Seize Iraq Oilfields, Ministers Pull out of Govt.
Kurdish forces seized two oilfields in northern Iraq and took over operations from a state-run oil company on Friday, while Kurdish politicians formally suspended their participation in Prime Minister Nuri al-Maliki's government. The…
KRG Controls Iraq's Kirkuk Oilfields
Kurdish forces have taken full control of the Kirkuk oilfields in northern Iraq from Baghdad, a senior source in the Kurdistan Regional Government (KRG) said on Friday. "The KRG was forced to act to protect Iraq's infrastructure after…
At Donkey Springs, Bombers Choke off Iraq Oil Exports
Militants whose bombs have shut Iraq's main northern oil export pipeline for 40 days are preventing repairs, threatening to extend an outage that is already the longest since the days of sanctions in the 1990s. Targeting the Kirkuk-Ceyhan…
