Genel Energy secures rig for African offshore drilling programme
Genel Energy (LON:GENL) has secured a rig for its African offshore drilling programme, it told investors. The Noble Paul Romano deep-water semi-submersible rig will be available for its first well in...
View ArticleInvestec sees "pockets of value" in the oil exploration sector
Broker Investec has adopted what it calls a “cautiously constructive approach” to oil exploration and production in which it sees pockets of value emerging from the sector. It mapped out its...
View ArticleGenel and partner prepare to drill Malta well in Q4 as rig is contracted
Genel Energy (LON:GENL) has contracted a rig to drill the first well on highly prospective offshore acreage around Malta. The Noble Paul Romano semi-submersible platform is currently in Valletta...
View ArticleUPDATE- Genel boosted by Tawke well results; operator excited by data
---ADDS BROKER COMMENT SHARE PRICE--- Shares in Genel Energy (LON:GENL) were higher in early trade after encouraging results from the Tawke oil field in Kurdistan, which according to operator DNO could...
View ArticleCiti upgrades Genel Energy on prospect of sustainable exports
Changing political landscapes and the prospect of sustainable exports from Kurdistan has led Citibank to upgrade its view on Anglo-Turkish oil firm Genel Energy (LON:GENL). The investment banking...
View ArticleGenel Energy upgraded by UBS after ‘excellent’ first half
Genel Energy (LON:GENL) has been upgraded by investment banking heavyweight UBS after what the broker described as “an excellent first half” for the oil firm. Analyst Daniel Ekstein changed his...
View ArticleGenel, Afren, Soco and Africa Oil are Citi's top explorers
East Africa and Kurdistan have tickled the fancy of the oil team at Citi, which explains why Genel (LON:GENL) and Africa Oil (LON:AOI) are among its top picks. The American brokerage also said...
View ArticleGenel Energy to benefit from Kurdistan-Turkey gas deal
Genel Energy (LON:GENL) chief executive Tony Hayward expects a gas sales agreement between the Kurdistan Regional Government and Turkey to be signed by the end of the year. The opportunity will be...
View ArticleCiti says Genel Energy is on-track and making progress on sustainable exports
Genel Energy (LON:GENL) is on-track to double production in Kurdistan and the semi-autonomous Iraqi region is making positive progress towards facilitating sustainable exports, according to investment...
View ArticleUPDATE - Genel milestone paves the way for exports from Kurdistan gas field
---ADDS BROKER COMMENT AND SHARE PRICE--- Kurdistan focused Genel Energy (LON:GENL) has reached a major milestone that paves the way for gas exports from the semi-autonomous region in Northern Iraq by...
View ArticleGenel Energy expected to farm down interest in Miran, says broker
Genel Energy (LON:GENL) is expected to farm down its interest in the Miran Field in Kurdistan after receiving a formal Declarartion of Commerciality from the authorities there, according to broking...
View ArticleGenel Energy signs landmark Kurdistan gas supply deal
A landmark agreement has been signed by Genel Energy (LON:GENL) and partner DNO International that will see the first commercial gas supplied from the Kurdistan region of Iraq. The agreement is for...
View ArticleCiti paints a rosy picture of Kurdistan oil and gas
Citi paints a rosy picture of Kurdistan oil and gas as the export pipeline out via Turkey heads towards completion by the end of the year. It reckons the traditional 20-25% discount applied to the...
View ArticleGenel Energy's revenue growth is on track, says Tony Hayward
Genel Energy (LON:GENL) chief executive Tony Hayward has told investors that the growing oil firm continues to make solid progress. The company has revealed that it is on course to achieve its revenue...
View ArticleKurdistan oil industry is at an inflection point, says Investec
City firm Investec reckons Kurdistan’s emerging oil and gas industry has reached an inflection point, with the completion of a regional pipeline and as exports are now imminent. Analyst Brian Gallagher...
View ArticleGenel Energy in a very strong position after "transformational" 2013
Genel Energy (LON:GENL) says it is now in a very strong position, after a "transformational" 2013. Last year, in Kurdistan, the group's operational momentum was matched by political developments, chief...
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