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Genel to take about $1bn impairment on Iraqi Kurdistan fieldGenel Energy said it expected to book about $1 billion in impairment to the 2015 value of its Taq Taq oilfield in Iraqi Kurdistan, citing reduced estimate for recoverable reserves there and falling oil prices. More… |
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Genel forecasts lower revenue; shares sinkGenel Energy, one of the main oil producers in Iraqi Kurdistan, forecast lower revenue and production for this year, hurt by weak oil prices, sending its shares down to a record low on Wednesday. The company fo More… |
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Genel receives monthly oil payment from Iraqi KurdistanGenel Energy, an oil producer in Iraqi Kurdistan, has received a gross $16.5 million monthly payment from the Kurdistan Regional Government (KRG) for its share of oil exports from the Taq Taq field, the company said on Monday. The More… |
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Gulf Keystone says reserves more than double at Shaikan oilfieldGulf Keystone Petroleum (GKP) said an independent report found that the reserves at a key oilfield in Iraqi Kurdistan were more than double the previous estimate, potentially helping the oil producer develop the field at lower costs. More… |
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GKP can double Kurdish field output if payment spat solvedIraqi Kurdistan oil producer Gulf Keystone Petroleum (GKP) could double output at its Shaikan field within 18 months but the lack of government payments for exports makes investing there impossible, its new chief executive said. & More… |
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Gulf Keystone signs domestic oil sales contract in Iraqi KurdistanGulf Keystone Petroleum has signed a six-month contract with a crude oil buyer in Iraqi Kurdistan, it said, boosting the cashflow prospects of a company that is still owed oil payments from the autonomous government. More… |
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Petroceltic, Hess to resume oil drilling in IraqOil and gas explorer Petroceltic said it would resume drilling in Iraqi Kurdistan together with partner Hess in early October, after operations were suspended last month at one of its wells due to security risks in the region. The More… |
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Kurdistan suspends DNO's oil operationsThe authorities of Iraqi Kurdistan said they were suspending for six weeks the oilfield operations of Norwegian oil exploration firm DNO International. The Kurdistan Regional Government said in a statement on its website that reports out o More… |
