Tuesday, June 25, 2019

Genel Energy News

Genel Energy Names Higgs CEO

(Photo: Genel Energy)

Genel Energy Plc named oil veteran and Chief Operating Officer Bill Higgs as its top executive, the oil and gas exploration and production company said on Monday.Higgs' appointment as chief executive officer comes as the company…

Genel Energy Posts $254.6 Mln Loss

(Photo: Genel Energy)

Iraqi Kurdistan-focused oil producer Genel Energy Plc posted a full-year operating loss of $254.6 million because of write-downs of about $424 million for its Miran PSC field assets.The company also on Wednesday reported full-year production of 33…

DNO Beats Forecasts with Q3 Operating Profit

Norwegian oil firm DNO said on Thursday third-quarter earnings beat forecasts, helped by higher oil prices and rising output in the Kurdistan region of northern Iraq.The region's largest international oil producer posted a third-quarter operating profit of $71 million…

Genel's Rothschild Quits as Turkey Gas Focus Grows

Departure follows that of Chairman Tony Hayward; Company now focused on Turkish gas market. Genel Energy co-founder Nathaniel Rothschild quit on Monday in the latest high-profile departure from the loss-making Iraqi Kurdistan oil producer…

Genel Energy Finalises Miran, Bina Bawi Field Documentation

Genel Energy plc has finalised documentation of previously agreed terms of Amended and Restated Production Sharing Contracts ('PSC's) and Gas Lifting Agreements ('GLA's) for both the Miran and Bina Bawi gas fields. The Amended…

DNO Makes Cretaceous Oil Discovery at Peshkabir

Map Tawke-Peshkabir

Genel Energy plc informs that an announcement has been made this morning by DNO ASA, as operator of the Tawke licence (Genel 25% working interest). The Peshkabir-2 well currently drilling on the Tawke PSC has discovered oil in…

Payment for KRI oil exports from Tawke field

Genel Energy plc ('Genel') notes the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a payment of $37.40 million from the Kurdistan Regional Government for oil sales during July 2016.

Genel, DNO Receive Payment for Tawke Oil Sales

Photo courtesy Genel Energy

Genel Energy plc notes the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a payment of $30 million from the Kurdistan Regional Government for oil sales during June 2016.

Energy Deals Elusive Despite $110 bln in Assets on the Block

Energy companies, including some of the world's biggest, could be forced to slash prices of more than $110 billion worth of assets they want to sell after dealmaking in oil and gas fields ground to a halt due to the volatile crude market.

Rose to Replace Leng at Genel Energy

Genel Energy plc announces that Jim Leng has indicated his intention to retire from the Board of Genel at the AGM in April 2016. Jim Leng has served over five years at Genel as Non-Executive Director, Senior Independent Director and as Chairman of the Remuneration Committee.

Directorate Changes in Genel Energy

Tony Hayward, Chairman of Genel Energy Photo Wikipedia

Genel Energy plc announces that Sir Graham Hearne has indicated his intention to retire from the Board of Genel Energy at the 2016 AGM. In addition Genel Energy has today appointed Simon Lockett as an independent non-executive director with immediate effect.

Genel Receives Payment for KRI Oil Exports

The Taq Taq licence area, with gross 2P reserves standing at 541 mmbbls, is situated in the Zagros basin . Courtesy Genel Energy

Genel Energy plc announced that the Taq Taq field partners have received a gross payment of $30 million from the Kurdistan Regional Government ('KRG') for oil exported through the Kurdistan Region of Iraq-Turkey pipeline. This…

Genel Energy takes Öğütçü on Board

Mehmet Ogutcu, Independent Non-Executive Director

In accordance with Listing Rule 9.6.14, Genel Energy plc announces that Mehmet Öğütçü, independent non-executive director of Genel Energy plc, has been appointed as an independent board member of Sisecam Group, a flat glass, glassware, glass packaging and chemical group.

UK's Gulf Keystone Petroleum Postpones Interim Statement

British oil producer Gulf Keystone Petroleum Ltd said it had delayed the release of its interim management statement to Nov. 13 as it was in talks with the Kurdistan Regional Government in Iraq. Gulf Keystone returned its staff…

Maurel & Prom Mulls Merger after MPI Deal

French energy exploration and production company Maurel & Prom said it was reabsorbing its former Nigerian unit MPI as a first step towards tripling in size to cope with the impact of a plunge in the oil price. Maurel & Prom…

Genel to Acquire Stake in Bina Bawi Field

Operations in the Bina Bawi field

Genel Energy plc signed a definitive sale and purchase agreement with OMV to acquire its 36% operated stake in the Bina Bawi field. Completion of the acquisition is subject only to government approval, which is expected shortly.

Genel Energy Trading & Operations Update

Genel Energy plc issues the following trading and operations update in advance of the Company's full-year 2014 results, which are scheduled for release on 5 March 2015. The information contained herein has not been audited and may be subject to further review.

Gulf Keystone Receives Monthly Oil Payment from Iraqi Kurdistan

Gulf Keystone Petroleum said on Wednesday it had received a gross payment of $15 million from the Kurdistan Regional Government (KRG) for oil exports, marking the third consecutive month of regular payments. The company, which…

CFO of Genel Energy to Retire

Julian Metherell

Julian Metherell has informed the board of Directors of Genel Energy plc of his intention to retire from the Company, with effect from the close of the Annual General Meeting on 21st April 2015. Julian Metherell's successor as Chief Financial Officer will be Ben Monaghan…

Genel Energy's Aigle-1X Comes Dry

Courtesy Genel Energy

Genel Energy plc ('Genel') announces that the Aigle-1X exploration well on the CI-508 licence offshore Côte d'Ivoire (Genel 24% working interest) is in the process of being plugged and abandoned after failing to encounter hydrocarbons.