Tony Hayward (pictured), Chairman of Genel Energy, has given an update on the business at the Company's Annual General Meeting this morning: Genel has a clear strategic focus - maximising the generation of free cash flow from our oil assets, accelerating the recovery of the receivable for unpaid oil sales, and crystallising value from the […]
Tag Archives | Hayward
Genel Energy: Hayward to Step Down
Genel Energy has announced that Stephen Whyte has been appointed as an independent non-executive director and Chairman designate with immediate effect. Tony Hayward (pictured) will retire as a Director and Chairman of the Company at the conclusion of the 2017 AGM, to be held on 6 June 2017, at which point Stephen Whyte will take […]
Genel Chairman, Tony Hayward, to Step Down next year
By John Lee. Fox Business reports that Tony Hayward, the former BP boss, is set to step down next year as chairman of Genel Energy. The company, which he founded in 2011 with financier Nat Rothschild, has become the biggest oil and gas producer in Iraqi Kurdistan. A company spokesman said that no decision has […]
Genel Boss Eyeing a New Oil Venture
By John Lee. The Chairman and former CEO of Genel Energy is reportedly planning to set up an investment fund to buy distressed oil and gas assets. The Sunday Times reports that Tony Hayward (pictured) has held talks in recent weeks with potential backers including private equity firms and sovereign wealth funds in the Middle East. […]
Genel Shares Down on Half Yearly Report
By John Lee. Shares in Genel Energy, the London-listed exploration and production company and largest independent oil producer in the Kurdistan Region of Iraq, were down more than 2 percent on Tuesday after the company announced its unaudited half year results to 30 June 2014. Results summary Highlights Genel's operations in the Kurdistan Region […]
Genel Updates on Trading and Operations
Genel Energy has issued the following trading and operational update in advance of the Company's 2012 full year results, which are scheduled for release on 28 February 2013. Information contained within this release is un-audited and may be subject to further review. Tony Hayward (pictured), Chief Executive said: "2012 saw a strong production performance and […]
Genel Won’t Buy Gulf Keystone or DNO at Current Prices
Tony Hayward, CEO of Genel Energy, said today that the company will not buy Gulf Keystone Petroleum or DNO International because the entry of ExxonMobil into the region has forced up prices, reports Bloomberg. “It’s too expensive for us ... What changed is Exxon coming in. We don’t need any more Kurdistan.” "We are not […]
Dunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]