OCTOBER 12, 2010, 6:07 A.M. ET LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) has already raised oil production from Iraq’s Majnoon field to 70,000 barrels a day, from 45,000 barrels a day previously, the company’s Chief Executive Peter Voser said Tuesday. The risk of operating in Iraq has increased in recent months, but operations are [...]
Posts Tagged ‘Iraq’
Halliburton gets letter of intent for Iraq oil
The Associated Press August 18, 2010, 5:32PM ET HOUSTON Halliburton Co. said on Wednesday that it has gotten a letter of intent from Shell Iraq Petroleum Development BV that would make Halliburton the project manager for developing the Majnoon field in southern Iraq. Halliburton said it wold be working with Nabors Drilling and the Iraq [...]
Iraq Cabinet Approves Shell Gas Deal In S Iraq-Official
THE WALL STREET JOURNAL JUNE 29, 2010 By Hassan Hafidh Of DOW JONES NEWSWIRES The Iraqi cabinet Tuesday approved a deal with Royal Dutch Shell PLC (RDSA) and Mitsubishi Corp. (8058.TO) to develop a gas-structure project in southern Iraq, paving the way for a final signature of the multibillion deal, a government spokesman. Ali al-Dabbagh [...]
Iraq favours Shell, Total, KOGAS for gas fields
REUTERS BAGHDAD, April 14 (Reuters) – Iraq will invite 15 companies before the end of the year to bid to develop three gas fields and Royal Dutch Shell (RDSa.L), Total (TOTF.PA) and South Korea’s KOGAS (036460.KS) are favoured, an Iraqi oil official said on Wednesday. “We are keen to select international companies with experience with [...]
Shell’s Iraq Gas Project Running Into Difficulty – Official
THE WALL STREET JOURNAL April 12, 2010 By Hassan Hafidh Of DOW JONES NEWSWIRES A multibillion-dollar deal between Royal Dutch Shell PLC (RDSB) and the Iraqi government to jointly develop domestic gas infrastructure in Iraq’s south has run into difficulty, an Iraqi official familiar with the talks said Monday. The two sides failed to finalize [...]
Iraq Finances Hamper Shell Gas Project
THE WALL STREET JOURNAL APRIL 12, 2010 By HASSAN HAFIDH A six-month extension of negotiations proposed by the Iraqi government to develop domestic gas infrastructure in the country’s south may not be enough to settle a deal with Royal Dutch Shell PLC because of financial constraints and opposition from politicians, an Iraqi official familiar with [...]
Shell Is Still in Talks on Iraq Gas Development Plan
By Anthony Dipaola March 29 (Bloomberg) — Royal Dutch Shell Plc is still in talks on a final agreement to develop natural gas in Iraq, the Middle East vice president for new business said. Iraq will become a regional player in the gas sector and an exporter to the region and the world, Mounir Bouaziz [...]
Iraq extends gas MOU with Shell- oil minister
Sun Mar 7, 2010 9:48am GMT BAGHDAD, March 7 (Reuters) – Iraq has extended a memorandum of understanding with Royal Dutch Shell (RDSa.L) on a natural gas venture around the southern oil hub of Basra for six months from March 2010, Iraq’s Oil Minister told Reuters on Sunday. “We will resume talks with Shell after [...]
No more Iraqi oilfields for foreign companies: prime minister
REUTERS Aref Mohammed BASRA, Iraq Sat Feb 20, 2010 7:56am EST BASRA, Iraq (Reuters) – Iraq has no further plans to use foreign firms to develop its oilfields beyond ones auctioned off last year, the country’s prime minister said on Saturday, ahead of a national election next month. Analysts say that foreign companies may have [...]
Oil giants promise to rebuild industry in Iraq
Tony Hayward, the chief executive of BP, said that his company hoped to increase production in the Iraqi field it has agreed to modernise from one million to three million barrels a day over the next 10 years. His counterpart at Royal Dutch Shell, Peter Voser, made a similar commitment on the two fields Shell is involved with.
Exxon, Shell Sign Final Deal For Iraq’s West Qurna 1 Oil Field
THE WALL STREET JOURNAL JANUARY 25, 2010 By Hassan Hafidh Of DOW JONES NEWSWIRES A consortium made up of Exxon Mobil Corp. (XOM) and Royal Dutch Shell PLC (RDSA) finalized a deal in Baghdad Monday to develop the West Qurna phase 1 oil field in southern Iraq, Iraqi oil officials said. It represents the first [...]
BP’s Iraq oil deal faces court battle
If successful, Mrs al Musawi’s case could set a legal precedent that would invalidate all the agreements that Iraq secured last year with BP, CNPC, ExxonMobil, Petronas, Royal Dutch Shell, Eni, Gazprom and Lukoil.
Iraq completes Shell-led deal for huge oil field
Shell Chief Executive Peter Voser said his company looks “forward to a good cooperation with the government,” but he refused to say how much money will be spent on the project.
Iraq completes Shell-led deal for huge oil field
BAGHDAD (AP) – Iraq has finalized a deal with a consortium led by Royal Dutch Shell to develop one of Iraq’s mammoth oil fields in the south. Shell and partner Malaysia’s state-run Petronas won the right to develop the 12.5 billion barrel field last month during Iraq’s second postwar bidding round. The companies will be [...]
Iraq cabinet ratifies four major oilfield deals
Last month, the Iraqi Oil Ministry initialled service contracts with seven foreign consortia to develop fields including supergiant Majnoon, which was awarded to Royal Dutch Shell (RDSa.L) and Malaysia’s Petronas [PETR.UL] in a December energy auction.


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