BAGHDAD – The Iraqi government has approved a deal with a consortium led by British giant BP PLC to develop a prized oil field in the south in a major step forward for the country’s oil industry.
BP, which was booted from the country in 1972 when Saddam Hussein nationalized the oil industry, and its partner [...]
BAGHDAD, April 27 (UPI) — Iraq increased its signature bonuses for international oil companies to take part in six oil and two gas blocks to a total of $2.6 billion.
Reviews of the Final Tender Protocol by the Platts news service suggest the substantial size of the bonus is more characteristic of a loan to the [...]
BAGHDAD — Iraq announced on Wednesday that it would begin a second round of bids to license international oil companies to develop 11 oil and gas fields or groups of fields.
Iraq’s oil minister, Hussain al-Shahristani, said at a news conference that he hoped that these fields could be producing 2 to 2.5 million barrels of [...]
By Marc Levy Associated Press Writer
HOUSTON, Pa. — Illuminated drilling rigs glow for miles from atop flattened hills when night falls in this rolling farm and coal country in southwestern Pennsylvania.
Tanker trucks back up traffic on two-lane roads, and Texans wearing heavy coats and muddy boots fill Shelley’s Pike Diner at lunch as land owners [...]
Xinhua News Agency
Malaysia will invest US $5 to $6 billion in Iran’s gas fields, according to the cooperation memoranda of understanding (MOU)s that the two sides signed on Monday, Iran’s satellite press TV reported Tuesday.
“Malaysia will invest $5 to $6 billion via buy-back contracts in two Iranian gas fields (Ferdous and [...]
JAKARTA, Nov 25 - Indonesia’s state oil firm Pertamina said it was interested to participate in an oil and gas block in Papua operated by U.S. energy firm Hess Corp , a company official said on Tuesday. The Indonesian government awarded the offshore Semai V block to Hess last month that eliminated several major companies, [...]
BAGHDAD (AFP) — Royal Dutch Shell will form a gas venture with energy-rich Iraq worth up to four billion dollars, the oil ministry said Tuesday of the first Western oil major to do a deal with the central government since the 2003 invasion.
The venture to capture unwanted gas burned off during oil production, for domestic [...]
