Iraq
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The duo’s new services will be initially deployed in Iraq.
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The Gas Growth Integrated Project will capture and supply flare gas to generate electricity and treat seawater to manage pressure in oil wells in Iraq’s Basra region.
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Industry consortium pilot project successfully demonstrates the significant potential of satellite technology in methane emissions detection and mitigation.
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ExxonMobil's departure leaves BP and Shell as the last international oil companies in Iraq.
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Baker Hughes will build a modular fast-track natural gas liquids processing plant in southern Iraq to capture associated gas for power generation and to reduce flaring.
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French operator will assist country with enhanced oil recovery, natural gas gathering, and solar projects.
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Iraq’s oil minister Ihsan Abdul Jabbar said the country’s state-owned Basra Oil Co. is the likely candidate to buy ExxonMobil’s operator stake in the giant West Qurna-1 oil field.
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With Chevron out of the picture, Iraq may turn to China to buy ExxonMobil’s 32.7% stake in West Qurna-1, or it may buy some or all of the stake itself to meet an end of June deadline to complete the sale.
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Iraq, which is second only to Russia in terms of gas flaring, is nearing an agreement with Total to implement dual-energy megaprojects to capture that gas and wean the country away from sanctioned Iranian gas and electricity imports. Solar power will play a major role.
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Schlumberger has won a $480-million contract to drill 96 oil wells in southern Iraq for the country’s Basra Oil Company and for ExxonMobil, which operates the giant West Qurna-1 field with partners from Iraq, Japan, Indonesia, and China. West Qurna-1 is one of the world’s largest oil fields.
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