- Bloomberg•3 months ago
The government of Iraqi Kurdistan paid international oil companies for the first time in seven weeks, as rising crude prices gave a much-needed boost to the region’s coffers.
- Reuters•7 months ago
Tony Hayward, the former BP boss, is set to step down next year as chairman of Genel Energy, which he founded in 2011 and became the biggest oil and gas producer in Iraqi Kurdistan, three sources close to the company said. Today, Genel is struggling with a drop in oil prices, regional conflict and a large reserves downgrade. "Genel is committed to having a strong board and, as you would expect, carefully considers succession planning in order to ensure a smooth transition of key roles at appropriate times," the company said.
- Reuters•last year
Genel Energy, chaired by former BP head Tony Hayward, is betting on a major deal with Turkey to jointly develop gas fields in Iraqi Kurdistan which will help Ankara reduce its reliance on Russian supplies after relations soured with Moscow. The deal, if it goes through, could help London-listed Genel regain investor confidence after it steeply downgraded its oil reserves two months ago - leading to it losing a third of its market value, contributing to its biggest-ever annual loss and piling pressure on Hayward.
GEGYF : Summary for GENEL ENERGY ORD GBP0.10 - Yahoo Finance
Genel Energy plc (GEGYF)
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|Day's Range||0.00 - 0.00|
|52 Week Range|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-0.24|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|