Modern seismic and drilling equipment needed in future hunt for deeper Iraqi resources, top BP executive tells Upstream ...

area and could see development of the legacy Karabagh oil discovery. The supermajor will have 35% operating interests in each block, with Socar retaining 65%. Separately, BP and Socar have also ...

British oil major BP has completed the acquisition of stakes in two offshore exploration blocks in Azerbaijani waters of the Caspian Sea, the Trend news agency reported. The two fields are Karabakh ...

The Iraqi Ministry of Oil has announced that crude oil production at the Nasiriyah and Saba [Subba] fields has been raised to a combined total of 100,000 barrels per day (bpd), as part of the first ...

Libya's eastern-based government said on Wednesday it may announce a force majeure on oil fields and ports citing "repeated assaults on the National Oil Corporation (NOC)." The government in Benghazi ...

OPEC’s second-largest oil producer, Iraq, aims to accelerate solar power development with at least 1,000 small-sized projects over the next three years, a senior government official has said.

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Iraq's Oil Ministry has filed a lawsuit against the semi-autonomous Kurdish region for signing energy deals with foreign companies without its consent, an official told The National. Last week, ...

This development comes after the company secured contracts last year to develop oil and gas fields in Iraq, reinforcing Iraq's status as the second-largest producer within the OPEC+ coalition.

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The so-called South Basra Integrated Project (SBIP) is the latest deal for Iraq that seeks to leverage investor interest in upstream oil development to secure ... Ministry's $26 billion deal with BP ...

Operational since mid-2024, it tackles the long-standing issue of flaring associated gas from oil fields ... and green development. China’s Expanding Role: Fueling Iraq’s Future Oil Ambitions ...