E&P Genel sticks with Weir for CEO spot 03/10/2022 By Ed Reed Genel Energy has confirmed interim CEO Paul Weir to take over the role for good, with immediate effect.
E&P Higgs quits Genel following AGM vote 10/06/2022 By Ed Reed Genel Energy CEO Bill Higgs is stepping down with immediate effect after a vote went against him at the recent AGM.
E&P Shareholder revolt at Genel topples Higgs, others 12/05/2022 By Ed Reed Shareholders at Genel Energy have rejected the election of three directors at today’s AGM.
E&P Genel defeated by Qara Dagh geology 04/01/2022 By Ed Reed Genel Energy has halted work on the QD-2 well in Kurdistan because of “insurmountable technical problems”, the company has acknowledged.
E&P Chevron reaches first oil at Sarta 26/11/2020 By Ed Reed Chevron has reached first oil at the Sarta field, in Kurdistan, from an early production facility.
Middle East Genel takes losses but posts dividend 06/08/2020 By Ed Reed 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.
Middle East Genel cuts capex 50% 14/05/2020 By Ed Reed Genel Energy has cut capital expenditure to just over $100 million for 2020, while operating expenditure will be reduced by 10% to around $40mn.
