Tag Archives | Genel Energy

DFC Iraq Market Tracker

Advertising Feature Iraq Business News is delighted to bring you the latest Market Tracker report from Dunia Frontier Consultants. In This Report: Companies Mentioned: DNO, Exxon, Genel Energy, Gulf Keystone, WesternZagros Action Calls Maliki on way to de facto majority government Stability in government, but watch Kurds for Exxon, future of oil in both Kurdistan […]

Rumours of Genel Energy Purchase in Chia Surkh

The Sunday Times reports that Genel Energy Plc will announce a deal this week to buy a 40 percent share in Longford Energy's Chia Surkh oil field in northern Iraq. According to the report, the deal would be worth $70 million, and Genel, run by the former CEO of BP, Tony Hayward, declined to comment. […]

Genel Energy in talks on Iraq Oilfield

Genel Energy, the oil and gas company headed by Tony Hayward (pictured), the former BP chief executive, has confirmed that it is in talks about a deal that would expand its presence in Iraq's energy industry. The company issued the following statement on Wednesday: "Genel Energy plc notes the press speculation with regard to the […]

DNO ex-Chairman Tries to Block Merger

DNO International has announced that told investors that Petrolia Invest AS and Erik J. Frydenbø have filed a request for an injunction with the Oslo District Court seeking to block the completion of the merger with RAK Petroleum PCL's MENA operating subsidiaries. Petrolia Invest AS is a subsidiary of Petrolia ASA, a company controlled by […]

Genel Energy Confirms Designs on Norway's DNO

Another leader of Genel Energy has stated his opinion that Norway's DNO is a possible takeover target. "DNO is our natural partner so it makes a lot of sense if we can take them into Genel," Mehmet Sepil, CEO of Genel Enerji, told Reuters. Genel Energy, formed by the combination of Vallares Plc and Turkey's […]

Genel Plans Takeover of DNO?

Former BP chief executive Tony Hayward (pictured), who heads the cash-rich Genel Energy group, said he would be interested in buying Norwegian oil company DNO and its Kurdish oil licences. Norwegian newspaper Finansavisen reported on Tuesday that the remarks come a week before DNO shareholders are to vote on a contested proposal to buy UAE-based […]

Genel Energy Plans Acquisitions in Iraqi Kurdistan

Tony Hayward (pictured), the Chief Executive Officer of Genel Energy Plc, a group formed via a merger of Vallares Plc and Turkey's Genel Enerji, said he plans acquisitions in Iraqi Kurdistan. Reuters reports that the former boss of BP told reporters in Istanbul that the company plans to make the acquisitions with its $2.2 billion […]

Vallares Merges with Genel Energy

Just over two months after raising more than US$2.0 billion to invest in promising oil and gas projects in developing markets, Vallares PLC ("Vallares" or the "Company") today announces that it plans to merge with Genel Energy International Ltd ("Genel"), the largest oil producer in the Kurdistan Region of Iraq. Genel has stakes in two […]