United Kingdom Archives - Panorama Insurance Brokers

UK’s Proserv Wins Contract at Majnoon Oilfield

By John Lee. UK-based global controls technology company Proserv Controls has secured a significant contract to manufacture and deliver 22 wellhead control panels (WHCP) to the Basra Oil Company (BOC) for use on the Majnoon Oil Field in southern Iraq. The deal has been arranged through KBR, the Houston based engineering, procurement and construction management… Read More

UK issues Sanctions against former Governor of Nineveh

By John Lee. The United Kingdom has issued sanctions against a number of individuals, including a former Governor of Nineveh province in Iraq. Nawfal Hammadi Al-Sultan is alleged to have misappropriated public funds intended for reconstruction efforts, and to have improperly awarded contracts and other state property. He is currently serving a five-year prison sentence… Read More

Video: The Epic Story of a New Museum for Basra

From The British Institute for the Study of Iraq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Epic Story of a New Museum for Basra: Humanity Always Wins The Epic Story of a New Museum for Basra celebrates the completion of the Basrah… Read More

Privy Innovations to represent Edmundson Export in Iraq

By John Lee. A newly incorporated company called Privy Innovations (PI) is to be the sole representative of UK-based electrical wholesaler Edmundson Export in the Iraqi market (including Iraqi Kurdistan). The new business is headed by Aziz Shwan Ahmed, previously Chief of Staff to Iraq’s Deputy Prime Minister, and currently a member of the Advisory… Read More

Exxon to participate in carbon capture, storage project in Scotland

ExxonMobil has endorsed an MoU to join the recently announced Acorn carbon capture and storage project in Scotland. The project has the potential to provide more than half of the 10 million tons per year of CO2 storage the UK government is targeting, and when expanded has the potential to store more than 20 million tons… Read More

United Kingdom should not be bystander in Guyana’s oil boom, says former U.K. Energy Minister

If British companies and institutions do not give Guyana’s rapidly expanding oil and gas industry the support and massive experience they can contribute, then others will fill that void. This is the view of former U.K. Energy Minster and Prime Minister’s Special Representative on Overseas Trade, Brian Wilson. Writing in an op-ed published this week… Read More

China to Snap Up Iraqi Oil Assets?

By John Lee. Both BP and Lukoil are reported to be considering quitting upstream oil operations in Iraq. Reuters quotes Iraq’s Oil Minister, Ihssan Abdul-Jabbar Ismail, as making the comments during a parliamentary session last week. Last month, BP was said to be planning to spin off its Iraqi operations in Iraq into a separate… Read More

Iraq Borrows $360m to Reduce Gas Flaring

The International Finance Corporation (IFC), a member of the World Bank Group, is investing in Basrah Gas Company (BGC) to support one of the largest gas flaring reduction projects in the world, helping to improve energy access, prevent associated greenhouse gas (GHG) emissions and support a more resilient, sustainable energy sector in Iraq. BGC is… Read More

BP to Spin Off Iraq Operations?

By John Lee. UK-based BP is reportedly considering a plan to spin off its Iraqi operations in Iraq into a separate company. According to Dow Jones, the new company would be jointly owned by the China National Petroleum Corporation (CNPC), BP’s partner in the giant Rumaila project. More here. (Source: Dow Jones)