Gulf Keystone Company News

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Gulf Keystone Petroleum Names CFO
Gulf Keystone Petroleum Limited has appointed Ian Weatherdon as its CFO.
7:00 PM EST | November 17, 2019
Gulf Keystone To Resume Spending To Boost Shaikan Oil Output
Gulf Keystone Petroleum is resuming spending on the Shaikan oilfield in the Iraqi region of Kurdistan.
8:00 PM EST | September 09, 2018
Gulf Keystone Ready to Further Invest in Shaikan, Needs Payment Clarity
Gulf Keystone Petroleum Ltd is ready to further invest in the Kurdistan Region of Iraq's Shaikan field, but says it requires further clarity around payments.
7:00 PM EST | January 31, 2017
KRG Delivers Payments to Genel, DNO, Gulf for Tawke, Shaikan Production
Genel Energy plc, DNO ASA and Gulf Keystone Petroleum Ltd all receive payments from the Kurdistan Regional Government.
7:00 PM EST | January 22, 2017
China's Sinopec Weighs Takeover Of Gulf Keystone
China's Sinopec Corp is weighing a takeover of Gulf Keystone Petroleum, an oil company operating in the Kurdistan region of Iraq, Bloomberg reported on Tuesday.
7:00 PM EST | December 12, 2016
Gulf Keystone Creditors Win Control as Court Approves Debt Deal
Gulf Keystone Petroleum Ltd. bondholders won control of the oil producer after a London judge approved a debt-restructuring agreement.
8:00 PM EST | September 28, 2016
Gulf Keystone Petroleum Pays Kurdistan Government $112.5M in 2015
Gulf Keystone Petroleum Ltd made payments worth $112.5 million to the Ministry of Natural Resources of the Kurdistan Regional Government in the year ended December 31, 2015.
8:00 PM EST | September 11, 2016
DNO Launching Aggressive Drilling Campaign at Tawke Field
DNO ASA is launching an "aggressive" drilling campaign at the company's flagship Tawke field in the Kurdistan region of Iraq.
8:00 PM EST | August 17, 2016
Gulf Keystone Rejects DNO Offer
The board of Gulf Keystone has rejected DNO ASA's proposal to acquire the total share capital of the company, which it received by letter on July 28.
8:00 PM EST | July 31, 2016
DNO Makes Offer for Gulf Keystone Petroleum
Norwegian oil and gas operator DNO ASA has unveiled a proposal to acquire all of the enlarged share capital in Gulf Keystone Petroleum for $300 million.
8:00 PM EST | July 28, 2016
Gulf Keystone Creditors to Take Control Following Oil Slump
Gulf Keystone Petroleum creditors will take control of the oil producer after low crude prices and erratic export payments left the company unable to service debts.
8:00 PM EST | July 13, 2016
Gulf Keystone Extends Standstill Agreement to July 1
Gulf Keystone extends standstill agreement with the majority of its note and bondholders until July 1.
8:00 PM EST | June 13, 2016
Genel, DNO, Gulf Keystone Receive KRG Payments
Genel Energy plc, DNO ASA and Gulf Keystone Petroleum Ltd receive payments from the Kurdistan Regional Government for crude oil exports in March from the Kurdistan Region of Iraq.
8:00 PM EST | April 11, 2016
DNO, Genel Energy, Gulf Keystone Confirm KRG Payments
DNO ASA, Genel Energy and Gulf Keystone Petroleum all confirm payments from the Kurdistan Regional Government for oil exported from the Kurdistan Region of Iraq.
8:00 PM EST | March 21, 2016
Gulf Keystone Actively Reviewing Options to Remain a Going Concern
Gulf Keystone reveals in its 2015 results statement that it is actively reviewing options to secure new funding and restructure its balance sheet in order "to ensure it is able to continue as a going concern".
8:00 PM EST | March 16, 2016
Gulf Keystone Confirms KRG Payment
Gulf Keystone Petroleum confirms receipt of a gross payment of $15 million from the Kurdistan Regional Government on March 4.
7:00 PM EST | March 07, 2016
Genel Energy Sees $1B in Impairments, Suffers $1.1B Loss
Genel Energy posts impairment costs of $1.03 billion in relation to the Taq Taq PSC in 2015, following revised assumptions on recoverable reserves at the field in the Kurdistan Region of Iraq.
7:00 PM EST | March 02, 2016
Gulf Keystone Says Iraqi Kurdistan Authorises Oil Export Payment
Kurdistan Regional Government authorises a net payment of $12 million to Gulf Keystone Petroleum for crude exports.
7:00 PM EST | February 18, 2016
MOL, Gulf Keystone Hand Back Akri-Bijeel Stake to KRG
MOL Group and Gulf Keystone Petroleum decide to relinquish their interests in the Akri-Bijeel Block in the Kurdistan Region of Iraq.
7:00 PM EST | January 10, 2016
IOCs Confirm KRG Oil Export Payments
Gulf Keystone Petroleum, DNO ASA and Genel Energy all confirm receipt of payment from the Kurdistan Regional Government for oil exported from the Kurdistan Region of Iraq.
7:00 PM EST | January 05, 2016
DNO Receives Partial Payment from KRG for Oil Exports
DNO ASA confirms receipt of $30 million by the Kurdistan Regional Government as a partial payment towards oil exported from the Tawke field.
7:00 PM EST | December 02, 2015
Gulf Keystone Receives Monthly Oil Payment from Iraqi Kurdistan
Gulf Keystone Petroleum receives a gross payment of $15 million from the Kurdistan Regional Government for oil exports, marking the third consecutive month of regular payments.
7:00 PM EST | December 01, 2015
IOCs Cut Kurdistan CAPEX due to Payment Trouble
DNO, Genel and Gulf Keystone's combined CAPEX in Kurdistan has fallen considerably as a result of the Kurdistan Regional Government's lack of payment to producing international oil companies.
7:00 PM EST | November 30, 2015
Gulf Keystone Receives another Payment for Kurdistan Crude Exports
Gulf Keystone Petroleum receives a payment of $15 million for crude oil exports from its Shaikan field in Kurdistan following a similar payment by the KRG in September.
8:00 PM EST | October 14, 2015
Gulf Keystone Says Reserves More Than Double at Shaikan Oilfield
Gulf Keystone says an independent report found that the reserves at a key oilfield in Iraqi Kurdistan were more than double the previous estimate.
8:00 PM EST | September 30, 2015
MOL Scales Back Investment in Kurdistan Region of Iraq
MOL scales back investment in the Akri-Bijeel Block, located in the Kurdistan Region of Iraq, due to payment issues associated with the block and the area's geological complexity.
8:00 PM EST | September 07, 2015
Genel Energy Receives $16.5M from KRG
Genel Energy receives $16.5 million from the Kurdistan Regional Government for oil exported through the Kurdistan Region of Iraq-Turkey pipeline.
8:00 PM EST | September 07, 2015
Oil Industry Needs to Find Half a Trillion Dollars to Survive
At a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt. Some might not make it.
8:00 PM EST | August 26, 2015
KRG Allocates $75-$100M as Payment for IOCs
The Kurdistan Regional Council for Oil & Gas Affairs approves the allocation of $75-$100 million of the revenue from the KRG's direct crude oil sales as payment for exporting international oil companies.
8:00 PM EST | August 26, 2015
Gulf Keystone Appoints New Chief Strategy Officer
Gulf Keystone Petroleum appoints Nadhim Zahawi as its chief strategy officer.
8:00 PM EST | August 23, 2015
Genel Energy CEO Welcomes Kurdish Commitment to Pay IOCs
Genel Energy Chief Executive Murat Ozgul welcomes the Kurdistan Regional Government's public commitment to pay producing international oil companies on a monthly basis, from September 2015.
8:00 PM EST | August 05, 2015
KRG to Pay Producing IOCs from September 2015
The Kurdistan Regional Government's Ministry of Natural Resources announces that the KRG will pay producing international oil companies a portion of the revenue from its direct crude oil sales, on a monthly basis, from September 2015 onwards.
8:00 PM EST | August 02, 2015
Gulf Keystone Expects Shaikan Production to Hit 36-40K Bopd Until Year End
Gulf Keystone expects production at the Shaikan field, in the Kurdistan region of Iraq, to remain between 36,000 and 40,000 barrels of oil per day until the year end.
8:00 PM EST | July 08, 2015
Gulf Keystone Signs Domestic Oil Sales Contract in Iraqi Kurdistan
Gulf Keystone Petroleum signs a six-month contract with a crude oil buyer in Iraqi Kurdistan, boosting its cash flow prospects.
8:00 PM EST | June 28, 2015
Gulf Keystone Appoints Maersk Executive as CEO
Kurdistan-focused oil producer Gulf Keystone Petroleum appoints former Maersk Oil executive Jon Ferrier as its new CEO.
8:00 PM EST | May 31, 2015
Gulf Keystone Ramps Up Oil Production at Shaikan Field in Kurdistan
Gulf Keystone ramps up oil production at Shaikan field in Kurdistan, Iraq.
8:00 PM EST | March 18, 2015
Gulf Keystone Says In Preliminary Talks Over Potential Sale
Gulf Keystone says it was in talks with a number of parties about a possible sale of the company or some asset transactions.
7:00 PM EST | February 24, 2015
Gulf Keystone Suspends Trucked Oil Exports from Iraqi Kurdistan
Gulf Keystone Petroleum suspends trucked exports of crude in favor of sales to the local market in Kurdistan as it awaits export payments from the Kurdistan Regional Government.
7:00 PM EST | February 05, 2015
Gulf Keystone Petroleum Appoints Sami Zouari as CFO
Gulf Keystone Petroleum appoints Sami Zouari as chief financial officer.
7:00 PM EST | January 21, 2015
MOL Says Shaikan Block Crude Output Reached 40,000 BPD
Hungary's MOL reports that crude production from the Shaikan block in the Kurdish region of Iraq is now over 40,000 barrels per day.
7:00 PM EST | January 04, 2015
Shaikan Production to Increase to 40,000 Barrels per Day
Work is completed on Iraqi Kurdistan's Shaikan field that will see it soon produce 40,000 barrels of oil equivalent per day.
7:00 PM EST | December 15, 2014
DNO Confirms Payment from Kurdistan for Oil Exports
Norway's DNO confirms that it has received a share of $30 million as a first payment for oil exported by the Kurdistan Region Government.
7:00 PM EST | December 02, 2014
Gulf Keystone says Iraqi Kurdistan Oilfield Output Target on Track
Gulf Keystone Petroleum says it is on track to meet its full-year production target at its Shaikan oilfield in Iraqi Kurdistan.
7:00 PM EST | November 12, 2014
MOL Gets Approval for Akri-Bijeel Block Development Plan
The Kurdistan Regional Government in Iraq approves a major new oilfield development that is majority-owned by Hungary's MOL.
8:00 PM EST | October 29, 2014
What's Going on in Kurdistan? Q&A with Gulf Keystone CEO
Rigzone catches up with John Gerstenlauer, CEO of Gulf Keystone Petroleum, to find out about the situation for oil companies in Kurdistan.
8:00 PM EST | October 19, 2014
Gulf Keystone Says Has Returned All Staff to Iraqi Kurdistan
Gulf Keystone Petroleum has returned all staff to its operations in Iraqi Kurdistan after evacuating international contractors from the region amid escalating violence in August.
8:00 PM EST | September 30, 2014
Gulf Keystone Confirms Akri-Bijeel Block Has Been Declared Commercial
Gulf Keystone confirms that the Akri-Bijeel Block in Kurdistan, Iraq has been declared commercial and field development plan for the block is expected to be submitted by end 2014.
7:00 PM EST | November 03, 2013
Commercial Production at Shaikan Oil Field Recommences
Gulf Keystone reports that commercial production at its Shaikan oil field in Kurdistan, Iraq has recommenced.
8:00 PM EST | October 10, 2013
Gulf Keystone Starts Commercial Production, Ramp Up On Track
Kurdistan-focused Gulf Keystone says commercial production has begun and on track to hit 20,000 barrels of oil per day by the end of 2013.
8:00 PM EST | September 18, 2013
Gulf Keystone Spuds Shaikan-10 Well in Iraq
Gulf Keystone spuds the Shaikan-10 well as its development drilling campaign at the Shaikan field in Kurdistan, Iraq, gets underway.
8:00 PM EST | July 10, 2013