- Sky News•last month
An executive who left BG Group (EUREX: 1007667.EX - news) months before a takeover approach from Royal Dutch Shell (LSE: 0LN9.L - news) is being lined up to take the helm of Genel Energy (Other OTC: GEGYF - news) , the oil company founded by former BP boss Tony Hayward. Sky News has learnt that Chris Finlayson is the leading candidate to replace Mr Hayward as Genel's chairman. An appointment is unlikely to be finalised until sometime in the new year, and Genel is also considering other candidates for the role, according to people close to the situation.
- Reuters - UK Focus•3 months ago
LONDON, Oct (Shenzhen: 000069.SZ - news) 26 (Reuters) - Genel Energy (Other OTC: GEGYF - news) , one of the main oil producers in Iraqi Kurdistan, warned on Wednesday that full-year revenue would be at the lower end of its target because of weaker than expected production, sending its shares to a seven-month low. Production at Genel's main oil asset, the Taq Taq field that has reserves of more than 170 million barrels, fell in the third quarter to 58,600 barrels per day (bpd), against 68,800 bpd in the first half of the year, as output from existing wells declined. This forced Genel to warn that 2016 revenue would hit the lower end of its $200 million to $230 million target, which it had already lowered in July from between $200 million and $275 million.
- Sky News•3 months ago
Tony Hayward, the former chief executive of BP, is scouring Latin America for oil assets under an agreement with Carlyle Group, one of the world’s largest private equity investors. Sky News has learnt that Mr Hayward, who stepped down from the top job at BP soon after the Gulf of Mexico oil disaster in 2010, is seeking to identify oilfields to purchase in countries including Colombia and Argentina. If successful, Mr Hayward is expected to be paid a fee by Carlyle for introducing the deal to the firm, although it is not clear whether he would have an ongoing role in the management of the new venture.
GEGYF: Summary for GENEL ENERGY ORD GBP0.10 - Yahoo Finance
Genel Energy plc (GEGYF)
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