Stay away from KRG producers, analyst warns investors
“We have cut all non-essential activity and significantly reduced spend, while developing a new source of income through domestic sales,” said Weir.
Tawke
DNO shuts production down in Kurdistan
“It is unfortunate it has come to this given the likely impact of a continuing supply disruption on oil prices and at a fragile time in global financial markets,” said DNO executive chairman Bijan Mossavar-Rahmani.
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.
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.
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.
Genel cuts capex 50%
Genel Energy has cut capital expenditure to just over $100 million for 2020, while operating expenditure will be reduced by 10% to around $40mn.
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.
DNO gets £48m payment for Tawke oil deliveries
Norwegian oil firm DNO has been paid £47.8million from the Kurdistan Government for crude oil deliveries from the Tawke license.
North Sea and Middle East player DNO picks up Iraq production
North Sea and Middle East-focussed operator DNO has announced a two-thirds increase in production from the Peshkabir field in Iraq.
Genel Energy, DNO confirm payment
Genel Energy and DNO ASA confirmed payment for the Kurdistan Regional Government.
KRG pays out to Gulf Keystone and Genel
The Kurdistan Regional Government (KRG) has paid out for the Shaikan crude oil experts.
DNO completes new production wells at flagship Tawke field
DNO said it has completed three new production wells at the flagship Tawke field in the Kurdistan region of Iraq.
Tawke partners get paid
The Tawke field partners have been paid, Genel Energy confirmed today.
Genel confirms $55.4m bond buy back
Genel Energy has confirmed it is buying back $55.4million of bonds with a big chunk taken off their face value.