Wednesday 28 September 2016
 
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Gulf Keystone

DNO launches offer to acquire Gulf Keystone

DNO ASA, the Norwegian oil and gas operator, today unveiled a proposal to acquire for $300 million all of the enlarged share capital in Gulf Keystone Petroleum following the latter's contemplated financial restructuring announced earlier thi

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Bondholders to take control of Kurdish oil firm Gulf Keystone

Kurdish oil producer Gulf Keystone will be taken over by its bondholders, including distressed-debt funds, after the firm proposed to swap $500 million of debt for shares, effectively wiping out its equity shareholders.  

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Gulf Keystone gets payments for Shaikan crude

Gulf Keystone Petroleum said it had received further payments on recent contracts, helping prop up its cash position, and continued to progress towards a regular payment cycle for the oil it produces.   Shares in

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Gulf Keystone signs domestic oil sales contract in Iraqi Kurdistan

Gulf Keystone Petroleum has signed a six-month contract with a crude oil buyer in Iraqi Kurdistan, it said, boosting the cashflow prospects of a company that is still owed oil payments from the autonomous government.  

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Gulf Keystone ex-chairman says was forced out, tried to lure Exxon

The former head of oil company Gulf Keystone said he was talking to several parties, including ExxonMobil, about a rescue for the firm before being forced to quit under pressure from an investor.   Gulf Keystone,

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Gulf Keystone says Iraqi Kurdistan oilfield output target on track

Gulf Keystone Petroleum said it was on track to meet its full-year production target at Shaikan, its key oilfield in Iraqi Kurdistan.   The company's stock, however, fell as much as 13.2 per cent

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Gulf Keystone returns all staff to Kurdistan

Oil producer Gulf Keystone Petroleum has returned all staff to its operations in Iraqi Kurdistan after evacuating international contractors from the region due to escalating violence in August.   Production at th

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Gulf Keystone founder stands down

The founder of Kurdistan-focused oil company Gulf Keystone, Todd Kozel, has stepped down from the its board, the company said at its annual general meeting on Thursday, giving in to shareholder pressure. Gulf Keystone also announc

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Gulf Keystone sees Kurdish plans on track

Oil producer Gulf Keystone Petroleum said plans to increase production from its Shaikan oil field in Iraqi Kurdistan were on track despite escalating violence in the region. The London-listed oil firm said on Friday three wells at

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Gulf Keystone wins Kurdistan oilfield case

Kurdistan-focused oil explorer Gulf Keystone won a court case over its ownership of giant oilfields on Tuesday, removing a legal shadow hanging over the company and making it more attractive to potential suitors.  

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