By John Lee. Norwegian oil and gas operator DNO ASA posted record second-quarter revenue of $761 million, up 21 percent quarter-on-quarter, driven by strong North Sea production at high commodity prices, which more than offset the impact of a production shutdown at its Kurdistan operations. Operating profit rose 55 percent to $439 million, while net […]
By John Lee. Genel Energy has unanimously rejected an unsolicited takeover proposal from Norway's DNO ASA, saying the offer fundamentally undervalues the company. DNO proposed to acquire all of Genel's issued ordinary share capital at 69 pence per share in cash. The board of Genel, having evaluated the proposal with its advisers, rejected the approach […]
By John Lee. A possible cash offer for Genel Energy plc has been put forward by Norwegian oil and gas operator DNO ASA, valuing the company at approximately £202 million [approx $271 million]. The approach was rejected by the Genel Board on 4 August 2026, but DNO says it remains willing to engage. Under the […]
By John Lee. Genel Energy today reported unaudited results for the period ended 30 June 2026: Full statement from Genel Energy: Unaudited results for the period ended 30 June 2026 Paul Weir, Chief Executive of Genel, said: "We remain firmly focused on delivering our clearly stated strategic objectives and in this period, we have demonstrated […]
By John Lee. Genel Energy has issued its trading and operations update relating to Q1 2026: Full statement from Genel Energy: Trading and operations update Q1 2026 Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update relating to Q1 2026, ahead of the Company's Annual General Meeting, which is being […]
By John Lee. Genel Energy has issued its audited results for the year ended 31 December 2025. Full statement from Genel Energy: Audited results for the year ended 31 December 2025 Genel Energy plc ('Genel' or 'the Company') announces its audited results for the year ended 31 December 2025. Paul Weir, Chief Executive of Genel, […]
By John Lee. Genel Energy has announced that Sir Dominick Chilcott (pictured) has indicated his intention to retire from the Board at the AGM in May 2026. Sir Dominick has served for just under two years at Genel as Non-Executive Director, a member of the Remuneration Committee and the Nomination Committee. Patrick Allman-Ward, Chair of […]
By John Lee. Genel Energy has issued a trading and operations update in advance of the company's full-year 2025 results, which are scheduled for release on 18 March 2026. Regarding the company's operations in Iraqi Kurdistan, it said: Production performance improved in the fourth quarter, supported by workovers and well interventions. Average production in unaffected […]
By John Lee. Genel Energy has announced the appointment of Patrick Allman-Ward as an Independent Non-Executive Director and Chair of the Board, with effect from 9 February 2026. According to a statement from the company: "Patrick is a globally respected energy leader with over 40 years of international upstream experience. He served as CEO of […]
By John Lee. Genel Energy has issued a trading and operations update in respect of the third quarter and first nine months of 2025. Regarding the company's operations in Iraqi Kurdistan, it said: PRODUCTION: KURDISTAN TAWKE PSC (25% interest) Gross production levels are now back to around 80,000 bopd, consistent with the levels achieved in […]
By John Lee. Genel Energy has announced that, following a period of ill health, David McManus has decided to retire as Chair and is stepping down from the Board with immediate effect. Canan Ediboğlu, Senior Independent Non-Executive Director, has been appointed as interim Chair until the search for a permanent Chair is completed. Yetik K. […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Fragile accord sees resumption of oil exports from Iraqi Kurdistan Iraqi federal authorities and the Kurdistan Regional Government (KRG) are celebrating an agreement to resume oil exports via Turkey after a two-and-a-half year […]
