Iraq will develop its Mansuriyah gas field near the Iranian border using state-run firms after the delay and failure of international oil companies (IOCs) to resume work at the field, as well as developing the Nas ...
Norwegian oil and gas operator DNO ASA, announced it had beaten output targets after its fourth well in Iraqi Kurdistan began production.
Italian oil and gas contractor Saipem has won contracts worth approximately $800 million in total for engineering and construction in Saudi Arabia, Iraq and other countries.
An oil tanker containing supplies of gas oil donated by the Kuwaiti government arrived in the Iraqi port of Basra on July 23.
Petrofac has secured a new contract and multiple contract extensions worth a combined $110 million.
Shell has handed over its operations at the Manjoon oilfield in southern Iraq to the state-run Basra Oil Company.
Oil prices fell on June 21 as producers prepared to discuss the lifting of production cuts at the biannual OPEC meeting on June 22 in Vienna.
The Iranian oil minister has stated that a deal on oil output at the June 22 OPEC meeting in Vienna is unlikely, setting the stage for a clash with Russia and Saudi Arabia, who are pushing to curb the current prod ...
Saudi Arabia and Russia are reportedly seeking a 1.5 million barrel per day (b/d) increase in production from signee countries to the OPEC and non-OPEC agreement.
Production at Iraq’s Nasiriya oilfield will be expanded to 100,000 barrels per day (b/d) following a government vote.
