Shareholder revolt at Genel topples Higgs, others
Shareholders at Genel Energy have rejected the election of three directors at today’s AGM.
Kurdistan
Sarta well disappoints for Genel
Genel Energy has completed the Sarta-5 appraisal well but reservoirs appear tight and it failed to flow.
Barzani talks Kurdistan opportunities with PM Johnson in London
UK Prime Minister Boris Johnson has hosted Kurdistan Prime Minister Masrour Barzani in No. 10, with talks of energy security and supplies to Europe.
Iranian missiles target Israelis in Kurdistan, miss US consulate
Iran’s Islamic Revolutionary Guards Corp (IRGC) fired missiles into a Kurdistan city, the autonomous region of Iraq, on March 12.
Genel to file for Kurdistan compensation
Genel Energy will seek compensation from Kurdistan Regional Government (KRG) following the cancellation of its Bina Bawi and Miran production-sharing contracts (PSCs).
Kurdistan terminates two Genel licences
Kurdistan has issued a notice to Genel Energy that it intends to terminate licences on Bina Bawi and Miran.
Dana Gas revenues rise in strong first half
Dana Gas has reported strong first half results, with profits and cash flow rising from Egypt and Kurdistan.
Dana reaps reward of scrapping Egypt sale
Dana Gas has more than doubled its collections from Kurdistan and Egypt in the first half of the year.
TotalEnergies exits Kurdistan with ShaMaran sale
ShaMaran Petroleum has struck a deal to buy an 18% stake in the Sarsang licence, in Kurdistan, from TotalEnergies.
Kurdistan to cut payments to producers
Kurdistan has told producers that it is cutting payments for oil production, in light of continued pressure from COVID-19.
Gulf Keystone relaunches expansion programme
Gulf Keystone Petroleum has restarted its 55,000 barrel per day investment programme, with MOL, in Kurdistan.
Exxon sells Kurdistan stake to DNO
DNO has bought out ExxonMobil’s 32% stake in the Baeshiqa licence, increasing the Norwegian company’s stake to 64%.
Tawke output slips in 2020
The Tawke licence in Kurdistan produced 110,300 barrels per day in 2020, DNO has reported, down from 124,000 bpd in 2019.
GKP appoints new CEO
Gulf Keystone Petroleum (GKP) has appointed a new CEO, Jon Harris, who will replace Jón Ferrier.
Chevron reaches first oil at Sarta
Chevron has reached first oil at the Sarta field, in Kurdistan, from an early production facility.
Dana reaches Egyptian sale, warns of impairment
Dana Gas has struck a deal to sell its Egyptian assets to IPR Wastani Petroleum for up to $236 million, including contingent payments.
DNO cuts Tawke emissions with reinjection scheme
DNO’s Peshkabir gas capture and injection project, in Kurdistan, has launched and already captured 1 billion cubic feet of gas injected, in a major move to reduce emissions.
Genel takes losses but posts dividend
Genel Energy reported an operating loss of $340 million for the first half of the year, but still generated $6.5mn of free cash flow.
Oryx sharpens focus in Kurdistan, cuts African interests
Oryx Petroleum has cut operating expenses by 21% and is focused on slimmed down operations in Kurdistan for the near future.
GKP cuts workforce 40%
Gulf Keystone Petroleum (GKP) intends to cut 30% of costs this year, including a workforce reduction of 40%.
DNO warns of declines in North Sea, Kurdistan
DNO and Genel Energy have cut production estimates and spending this year in Kurdistan, although allowing that work could resume should prices strengthen.
DNO presses ahead with Kurdistan exploration
Norway’s DNO has tested and appraised its Baeshiqa-2 exploration well in Kurdistan and is moving to spud an exploration well on a separate prospect on the same licence.
Dana considers demerger, sukuk payment
Dana Gas has taken a step towards splitting its upstream and midstream businesses off from each other, following approval for the plan from its shareholders at an AGM vote.
Gulf Keystone waits for conditions to improve
Gulf Keystone Petroleum does still intend to increase production to 55,000 barrels per day in Kurdistan but this is dependent on conditions improving, including the resolution of outstanding payments from the local government.
Dana tots up Egyptian offers
Dana Gas has received a number of bids for its Egyptian portfolio and will come to a decision by the end of March.