Gas Plus Khalakan (GPK), a subsidiary of US-based New Age, is set to launch drilling of three wells for Phase 1 of the development plan for the Shewashan oil field in the Kurdistan Region of Iraq, a report said.
Phase 1 targets pr
PetroChina has bought a 25 percent stake in the West Qurna-1 oilfield project from Exxon Mobil, strengthening China's hold on Iraq's energy resources.
China is already the top foreign player in Iraq's oilfields, which
Shell is pressing ahead with talks over final development of Iraq's Majnoon oilfield, a senior executive said, and a lower, more realistic oil production target is a core part of discussions.
Majnoon is one of four southern super giant
Oil production at Iraq's Rumaila South oilfield has been temporarily halted after two bombs hit its pipeline network late on Friday, but exports have not been affected, Iraq's Oil Minister Adbul-Kareem Luaibi said in Basra on Saturday.
A group led by Russian energy firm Lukoil signed an initial agreement on Tuesday to develop Iraq's supergiant West Qurna Phase Two oilfield.
The oilfield in southern Iraq has estimated reserves of 12.9 billion barrels of oil. Lukoil owns 8
Japan Petroleum Exploration Company (Japex) entered negotiations with Iraqi authorities to develop a giant oilfield in the Middle Eastern country, the Nikkei business daily said on Thursday.
The company has its sights set on the East Baghd
BP expects to miss an Iraqi government target to finalise an oil field development deal next month and instead sees a final agreement later this year, chief executive Tony Hayward has said.
Abdul-Mahdy al-Ameedi, deputy director general of