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DNO Kurdistan Production Rebounds, but Prices are Lower

By John Lee. DNO has reported an average net production of 52,600 barrels of oil equivalent per day (boepd). Production in Iraqi Kurdistan contributed 34,900 boepd. Gross production from the DNO-operated Tawke license has rebounded to an average of 80,000 boepd by the end of the year, following the pipeline shutdown in March 2023. The ....

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GKP Remains Focused on Maximising Local Sales | Iraq Business News

Gulf Keystone Petroleum (GKP) has this morning issued an operational and corporate update. The information contained in this announcement has not been audited and may be subject to further review. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "2023 was a challenging year for GKP and our industry as Kurdistan crude exports were suspended in ....

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Genel Energy Cuts Costs; Arbitration Case to Start Soon

By John Lee. UK-listed Genel Energy has said that it has cut all non-essential activity and significantly reduced spend, while developing a new source of income through domestic sales in the Kurdistan Region. Meanwhile, an arbitration hearing into the termination of the Miran and Bina Bawi production sharing contracts (PSCs) is scheduled to start in ....

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GKP Trades Lower following Update | Iraq Business News

By John Lee. Shares in Gulf Keystone Petroleum (GKP) were trading down around 5 percent on Wednesday afternoon following an update from the company. It said that local market demand remains difficult to predict, and while discussions are ongoing, there is still no official timeline for the reopening of the Iraq-Turkey Pipeline (ITP). Full statement ....

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Genel Energy Q3 Results | Iraq Business News

Genel Energy plc Trading and operations update Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update in respect of the third quarter and first nine months of 2023. Paul Weir, Chief Executive of Genel, said: "Despite encouraging comments from senior politicians, the Iraq-Türkiye pipeline remains shut. Good progress has been ....

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