Subscribe free to our newsletters via your
. Farming News .




OIL AND GAS
Lukoil ships first batch of oil from Iraq's West Qurna field
by Daniel J. Graeber
Moscow (UPI) Aug 19, 2014


Oil Search Ltd. puts Iraq work on hold amid violence
Melbourne (UPI) Aug 19, 2013 - Australian energy company Oil Search Ltd. said Tuesday it was suspending operations in the Kurdish north of Iraq as a security precaution.

U.S. President Barack Obama announced Sunday he authorized the use of force in Iraq to help the Iraqi military retake control over a key dam in the northern city of Mosul. Parts of northern Iraq have fallen to the Islamic State, a Sunni-led militant group.

Oil Search said in a report on its earnings for the second half of the year its ability to operation at its Taza area in the Kurdish portion of Iraq was complicated by regional tensions.

"Consequently, in consultation with Kurdistan's Ministry for Natural Resources, we have decided to temporarily suspend the well," the company said.

Oil Search said work in other parts of the region is ongoing and installations there are secure. The company said it was monitoring the security situation and plans to resume suspended operations as soon as it's safe to do so.

"Further appraisal drilling on this potentially very large oil field is planned," the company said.

Oil Search operates primarily in the natural gas sector of Papua New Guinea, but has activities throughout the Middle East.

Russian oil company Lukoil said Tuesday a tanker loaded with crude oil taken from the West Qurna project in Iraq has left the southern port city of Basra.

Lukoil said Sea Triumph, a tanker chartered by its international marketing subsidiary, left port with 1 million barrels of oil.

Lukoil said it's the first batch of oil from its operations in the West Qurna-2 project in Iraq.

"The vessel is bound for Augusta, Sicily," the company said in a statement. "Upon unloading, the oil will be transported for refining to Lukoil's refinery in Priolo [Italy]."

First oil was produced from West Qurna-2, located in southern Iraq, in March. Lukoil, Russia's largest private oil company, signed a contract revision in June to build two 75-mile pipelines and associated infrastructure.

The system links the oil field to an export terminal in Basra, situated along the coast of the Persian Gulf.

The shipment comes as Iraq is struggling to control an uptick in violence, though most of that is centered in the northwest and Kurdish parts of the country.

Lukoil said the West Qurna field in the south of the country is producing more than 280,000 barrels of oil per day.

"The project is being implemented on schedule as Lukoil fully meets its production targets and contractual obligations," it said.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Cairn bold going forward but hurt so far
Edinburgh, Scotland (UPI) Aug 19, 2014
Cairn Energy said Tuesday its development projects are funded through 2017 but cutting administrative costs means a reduction in its work force. Scottish energy company Cairn said in a report on earnings during the first half of 2014 it racked up $80 million in costs related to unsuccessful exploration campaigns off the coast of Morocco, in the North Sea and elsewhere. Net losses throug ... read more


OIL AND GAS
Watching the Winds Where Sea Meets Sky

TechDemoSat-1 video from orbit captures spectacular view of Earth and a flypast of the launcher

Study of Aerosols Stands to Improve Climate Models

NASA's IceCube No Longer On Ice

OIL AND GAS
Payload Integration Begins For Next Arianespace Soyuz Galileo Launch

Two new satellites for Europe's Galileo space network

Galileo's initial two Full Operational Capability satellites are fueled for launch

Boeing GPS IIF satellite launched by Air Force

OIL AND GAS
Loss of Eastern Hemlock Affects Peak Flows after Extreme Storm Events

Girl, 4, survives 11-day ordeal in bear-infested Siberian forest

Forest-thinning projects tabled over endangered species concerns

Forests for the future: Kenya's carbon credit scheme

OIL AND GAS
Bionic Liquids from Lignin

Regulations needed to identify potentially invasive biofuel crops

Spinach could lead to alternative energy more powerful than Popeye

Biofuels benefit energy security, Secretary Moniz says

OIL AND GAS
Solar energy that doesn't block the view

MarLar Properties' Rehabbed Homes Add Solar and Geothermal

Sunrun Brings Affordable Home Solar Service to Nevada

Yingli Solar Powers School in Laos with Clean Energy

OIL AND GAS
U.S. Wind Inc. wins rights to wind energy offshore Maryland

Bidding starts for wind energy offshore Maryland

Juwi Will Build 50-Megawatt Wind Farm in Uruguay

Moventas Exceed high torque density 3 MW gearbox to be piloted

OIL AND GAS
Australia approves huge India-backed mine

Beijing shuts large coal power plant to curb smog: report

Twenty-two dead in southwest China coal mine accident

OIL AND GAS
The East is wed: China seeks brides for richer, for poorer

China fishes for growth with world's largest aquarium

HK pro-government activists rally against Occupy protest

China rights lawyer malnourished after prison: family




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.