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Iraq to review some oil contracts at high-cost fields

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(Reuters) - Iraq is reviewing oil contracts with some companies operating fields where costs are high, in order to reduce expenses while cutting production,...

Shell evacuates foreign staff from Iraq’s Basra Gas project – executive

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(Reuters) – Shell has temporarily evacuated foreign staff, numbering around 60, from Iraq’s Basra Gas Company for security reasons and flew them out of...

Global shut-ins surge as Canada, Venezuela among those leading 2 million...

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After three consecutive months of Covid-19 demand destruction and gravity-defying oil prices, operators are finally being forced to shut-in considerable production volumes. Globally, at...

Oil surges as Iran says it attacks Iraq base housing U.S....

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(Bloomberg) - Oil futures surged in New York after Iran said it started attacks on an Iraqi airbase that hosts U.S. troops. Spot gold...

Chevron pulls oil workers from Iraq

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(CNN) Chevron has evacuated all of its American oil workers from Iraq following last week's US airstrike in Baghdad. The company said in a...

Western oil majors face potential attacks in Iraq following US airstrike

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Despite reports of oil field staff withdrawals in Iraq over concern of retaliation from Iranian backed militants, all upstream operations and exports in Iraq...

ExxonMobil evacuates staff from Iraq following rocket fire

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Rocket fire on Wednesday June 19 near the site of ExxonMobil’s operation in Iraq, has triggered an evacuation of the US oil major's staff,...

ExxonMobil pulls foreign staffers from Iraq

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US oil major ExxonMobil has evacuated all of its foreign staff from an Iraqi oilfield west of Basra and is flying them to Dubai,...

Iraq weighs building an island to boost oil-exporting capacity

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OPEC’s second-biggest producer is ramping up efforts to expand capacity to pump and export oil, with plans that include the injection of seawater into...

Iraq-Kurdistan conflict drives up oil prices

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(Financial Times) Crude oil was the standout mover on early Monday trading as conflict between Iraqi and Kurdish forces broke out south of the...