Murat Özgül
Genel Energy courts Turkey with Kurdish gas to reduce reliance on Russia
Genel Energy, chaired by former BP head Tony Hayward, is betting on a major deal with Turkey to jointly develop gas fields in Kurdistan Regional Government (KRG) which will help Ankara reduce its reliance on Russian supplies after relations soured with Moscow.
Genel Energy's 2015 loss widens to $1.16 bln after slashing oil field reserves
Genel Energy, the oil explorer chaired by former BP boss Tony Hayward, reported its biggest-ever annual loss after writing off $1 billion because its largest operational oilfield holds less oil than it previously thought.
Genel Energy founder and president Sepil retires
Genel Energy PLC has announced the company's president, Mehmet Sepil, has retired effective immediately in a written statement on Oct. 14.
Sepil founded Genel Energy and was CEO from 2002 until a merger with Vallares PLC in 2011, when he became president of the company.
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Genel Energy puts exploration on hold, awaits KRG payments
Genel Energy has put all exploration work on hold for this year to rein in costs, the London-listed oil producer said on July 13, as it is awaits nearly $400 million in oil sales payments from the Kurdistan Regional Government (KRG).