By John Lee. Gulf Keystone Petroleum (GKP) has announced the appointment of two new independent non-executive directors: Catherine Krajicek, who has previously held senior positions at ConocoPhillips, Marathon Oil and Cairn Energy; and, Marianne Daryabegui, formerly at Total, BNP Paribas and Natixis, amongst others. Full statement from GKP: Gulf Keystone, a leading independent operator and […]
By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that Deputy Chair of the Board and interim Senior Independent Director David Thomas will assume the role of Interim Chair until further notice. The announcement follows the passing of Chairman Martin Angle earlier this week. In a statement, Jon Harris, Gulf Keystone's Chief Executive Officer, paid […]
By John Lee. Gulf Keystone Petroleum (GKP) has announced its results for the half year ended 30 June 2024: Jon Harris, Gulf Keystone's Chief Executive Officer, said: "We have safely delivered a solid operational and financial performance in the first half of 2024, with robust local sales combined with sustained capital and cost discipline supporting […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed up more than six percent on Friday, after the company announced that it will pay an interim dividend. The company had cancelled its dividend in May 2023, follow disruption to oil exports from the Kurdistan Region. An increase in sales to local customers had allowed […]
By John Lee. Gulf Keystone Petroleum (GKP) has just published details of its payments to governments for the year 2023: Introduction This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary undertakings ("Gulf Keystone") for the year ended 31 December 2023 as required under Disclosure and […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed the day down nearly four percent on Thursday, after it announced its results for the full year ended 31 December 2023. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "Following a challenging year in 2023, in which our operational and financial performance was impacted […]
By John Lee. Gulf Keystone Petroleum (GKP) has said that local sales volumes have rebounded in recent weeks. It adds that sales for February are expected to be above expected monthly net capex and costs. Full statement from GKP: Update on Shaikan Field local sales & Notice of 2023 Full Year Results Gulf Keystone, a […]
By John Lee. Gulf Keystone Petroleum (GKP) has announced management and board changes as follows: Ian Weatherdon to retire as Chief Financial Officer (CFO); Gabriel Papineau-Legris, currently Chief Commercial Officer (CCO), to replace Weatherdon as CFO; Kimberley Wood, Senior independent Director, resigns from the Board due to other commitments. Full statement from GKP: Management & […]
Gulf Keystone Petroleum (GKP) has this morning issued an operational and corporate update. The information contained in this announcement has not been audited and may be subject to further review. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "2023 was a challenging year for GKP and our industry as Kurdistan crude exports were suspended in […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) were trading down around 5 percent on Wednesday afternoon following an update from the company. It said that local market demand remains difficult to predict, and while discussions are ongoing, there is still no official timeline for the reopening of the Iraq-Turkey Pipeline (ITP). Full statement […]
By John Lee. WesternZagros Resources has joined the Association of the Petroleum Industry of Kurdistan (APIKUR), becoming its seventh member. According to a statement from APIKUR: WesternZagros is a privately held American owned company with offices in Calgary, Canada, and in Erbil and Sulaymaniyah in the Kurdistan Region of Iraq. It has invested over $1 […]
By John Lee. International oil companies operating in Iraqi Kurdistan have been excluded from ongoing discussions regarding the production and export of oil from the Region, according to the trade body representing them. A statement from the Association of the Petroleum Industry of Kurdistan (APIKUR) on Tuesday said: "APIKUR member companies -- which represent the […]
