Kurdistan Region

A Major Gas Find Could Upend European Energy Markets

Retrieved on: 
Thursday, March 14, 2024
CVX, Kurdistan Region, Mobil, Molln, Natural gas, The Washington Post, ExxonMobil, Risk, Chevron Corporation, Knowledge, Cubic, Acquisition, Transport, XOM, Carbon, Eye, MCF, Investment, OMV, Hydrocarbon, Retirement, TALO, The Wall Street Journal, UPDATE, Economics, ConocoPhillips, Petroleum

LONDON, March 14, 2024 /PRNewswire/ -- As Europe realizes the full risk of relying on foreign oil and gas, it could soon find relief coming from an unexpected source. That's because, after years of leaning on cheap Russian gas, geopolitical shifts have changed the equation. Both the war in Ukraine and simple economics have forced the EU to pivot from strict green energy policies.  Companies mentioned in this release include: Chevron Corporation (NYSE: CVX), ExxonMobil Corporation (NYSE: XOM), ConocoPhillips (NYSE: COP), Talos Energy Inc. (NYSE: TALO), Cheniere Energy, Inc. (NYSE: LNG).

Key Points: 
  • '  And The Washington Post announced recently, 'Amid energy crisis, EU says gas can sometimes be 'green.''
  • The message is clear: Europe is scrambling to diversify its energy sources and achieve true energy independence.
  • That's why one Canadian energy company, MCF Energy ( MCF .V; MCFNF .QX), is on a mission to help secure Europe's energy independence and explore these long-ignored assets.
  • ConocoPhillips (NYSE: COP) has adeptly balanced its energy portfolio between natural gas and oil, reflecting a nuanced understanding of the world's changing energy consumption trends.

Europe's Secret Weapon In Its Energy War With Russia

Retrieved on: 
Tuesday, March 12, 2024
Kurdistan Region, Electricity, Mobil, Climate change, Natural gas, Specialization, Schlumberger, Enbridge, Nitrogen, Natural Resources, Transocean, Halliburton, SLB, AI, CCS, Wind, Carbon, Eye, Big data, MCF, Investment, Hydrocarbon, European, GLNG, Helium, ENB, CCUS, Coal, Machine learning, Golar LNG

While Germany has struggled strategically and politically in its effort to balance its climate change goals with its energy security needs, Austria has not only refrained from turning off the Russian gas taps—opting for a gradual approach--but it's also recently made the country's largest natural gas discovery in 40 years. 

Key Points: 
  • These shallow wells, cheap to drill, from proven, previously drilled holes could translate into quick cash flow for MCF Energy.
  • MCF Energy has adopted a laser focus on Europe's energy security requirements, which is most significantly emphasized by Germany, the largest economy of the European Union.
  • MCF Energy ( MCF.V ; MCFNF.QX ) believes the answer is found in domestic natural gas, the increasingly accepted bridge fuel for a green energy transition.
  • In Europe, where the energy landscape is rapidly evolving, Halliburton's contributions to oil and gas exploration and production are invaluable.

Europe's Secret Weapon In Its Energy War With Russia

Retrieved on: 
Tuesday, March 12, 2024
Kurdistan Region, Electricity, Mobil, Climate change, Natural gas, Specialization, Schlumberger, Enbridge, Nitrogen, Natural Resources, Transocean, Halliburton, SLB, AI, CCS, Wind, Carbon, Eye, Big data, MCF, Investment, Hydrocarbon, European, GLNG, Helium, ENB, CCUS, Coal, Machine learning, Golar LNG

While Germany has struggled strategically and politically in its effort to balance its climate change goals with its energy security needs, Austria has not only refrained from turning off the Russian gas taps—opting for a gradual approach--but it's also recently made the country's largest natural gas discovery in 40 years. 

Key Points: 
  • These shallow wells, cheap to drill, from proven, previously drilled holes could translate into quick cash flow for MCF Energy.
  • MCF Energy has adopted a laser focus on Europe's energy security requirements, which is most significantly emphasized by Germany, the largest economy of the European Union.
  • MCF Energy ( MCF.V ; MCFNF.QX ) believes the answer is found in domestic natural gas, the increasingly accepted bridge fuel for a green energy transition.
  • In Europe, where the energy landscape is rapidly evolving, Halliburton's contributions to oil and gas exploration and production are invaluable.

Update on Shaikan Field local sales & Notice of 2023 Full Year Results

Retrieved on: 
Wednesday, March 13, 2024
GMT, GKP, Kurdistan Region, Gulf Keystone Petroleum

Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, is today providing an update on Shaikan Field local sales ahead of its 2023 Full Year Results on 21 March 2024.

Key Points: 
  • Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, is today providing an update on Shaikan Field local sales ahead of its 2023 Full Year Results on 21 March 2024.
  • The increase has brought gross average sales in 2024 year to date to c.29,600 bopd.
  • The Company continues to receive advance payments for its net entitlement of 36% of gross sales revenue.
  • The Company confirms it will be announcing its results for the full year ended 31 December 2023 on Thursday 21 March 2024.

This Could Be The Most Exciting Natural Gas Play in Europe

Retrieved on: 
Thursday, February 29, 2024
Acquisition, P50, Cheniere Energy, BCF, Coal, Investment, Natural gas, Gazprom, Mobil, MCF, ExxonMobil, Talos Energy, European, TALO, Attention, ConocoPhillips, Kurdistan Region, Kinsau, Ford, XOM, Reudnitz, Heart, Pass, CVX, Interview, Lech, Methane, Hydrocarbon

LONDON,  February 29, 2024  /PRNewswire/ -- Supergiants like Exxon are focused on big offshore venues like Guyana and Namibia, leaving behind prime onshore natural gas assets in Europe - a region that is now desperate for affordable domestic resources that Russian Gazprom doesn't control.  Companies mentioned in this release include:  Chevron (NYSE:CVX), ExxonMobil (NYSE:XOM), ConocoPhillips (NYSE:COP), Talos Energy (NYSE:TALO), Cheniere Energy (NYSE:LNG).

Key Points: 
  • Welchau is adjacent to an up-dip from a discovery that intersected at a gas column of at least 400 meters, testing condensate rich for pipeline-quality gas.
  • Natural gas is being reclassified as green and sustainable, which is a boon for the development of MCF Energy's assets.
  • Their strategic moves in the natural gas sector, especially with their investments in LNG projects and shale gas explorations, position them as a leader in this segment.
  • Their investments in natural gas, especially in North America and Asia, mirror the world's shifting energy consumption patterns.

This Could Be The Most Exciting Natural Gas Play in Europe

Retrieved on: 
Thursday, February 29, 2024
Acquisition, P50, Cheniere Energy, BCF, Coal, Investment, Natural gas, Gazprom, Mobil, MCF, ExxonMobil, Talos Energy, European, TALO, Attention, ConocoPhillips, Kurdistan Region, Kinsau, Ford, XOM, Reudnitz, Heart, Pass, CVX, Interview, Lech, Methane, Hydrocarbon

LONDON, February 29, 2024  /PRNewswire/ -- Supergiants like Exxon are focused on big offshore venues like Guyana and Namibia, leaving behind prime onshore natural gas assets in Europe - a region that is now desperate for affordable domestic resources that Russian Gazprom doesn't control.  Companies mentioned in this release include:  Chevron (NYSE:CVX), ExxonMobil (NYSE:XOM), ConocoPhillips (NYSE:COP), Talos Energy (NYSE:TALO), Cheniere Energy (NYSE:LNG).

Key Points: 
  • Welchau is adjacent to an up-dip from a discovery that intersected at a gas column of at least 400 meters, testing condensate rich for pipeline-quality gas.
  • Natural gas is being reclassified as green and sustainable, which is a boon for the development of MCF Energy's assets.
  • Their strategic moves in the natural gas sector, especially with their investments in LNG projects and shale gas explorations, position them as a leader in this segment.
  • Their investments in natural gas, especially in North America and Asia, mirror the world's shifting energy consumption patterns.

Operational & Corporate Update

Retrieved on: 
Monday, February 5, 2024
KRG, Kurdistan Region, Government, G&A, GKP, Environment, Safety, Economics, GOI, Big, Gulf Keystone Petroleum

Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq (“Kurdistan”), today provides an operational and corporate update.

Key Points: 
  • Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq (“Kurdistan”), today provides an operational and corporate update.
  • The information contained in this announcement has not been audited and may be subject to further review.
  • By adapting to the new environment and commencing sales to the local market we have been able to protect our business and balance sheet.
  • We continue to engage with government stakeholders to push for the restart of exports and payment surety for past and future sales.

Management & Board changes

Retrieved on: 
Monday, February 5, 2024
COVID-19, CFO, Senior, Kurdistan Region, GKP, Retirement, ITP, Information technology, Annual general meeting, AGM, Gulf Keystone Petroleum, Management

Martin Angle, Chairman of the Company, said: "On behalf of the Board, I would like to thank Ian for his substantial contribution over the past four years.

Key Points: 
  • Martin Angle, Chairman of the Company, said: "On behalf of the Board, I would like to thank Ian for his substantial contribution over the past four years.
  • We wish Ian well for his deserved retirement and welcome Gabriel as the new CFO and Board member."
  • Kimberley Wood, who is currently the Senior independent Director, has advised the company she will be resigning from the Board.
  • Kimberley has recently accepted an executive appointment and is therefore required to reduce her Board commitments in order to meet the corporate governance guidance.

Genel Energy PLC: Update on Tawke PSC

Retrieved on: 
Saturday, December 30, 2023
Kurdistan Region, DNO ASA, DNO

Genel Energy plc (‘Genel’ or ‘the Company’) notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.

Key Points: 
  • Genel Energy plc (‘Genel’ or ‘the Company’) notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.
  • Gross production from the Tawke licence in the Kurdistan Region of Iraq continues to climb, with the December to date average approaching 90,000 bopd.
  • Genel’s entitlement share of Tawke licence production in Q4 is 13%, which is sold to local buyers at prices in the low to mid-USD 30s per barrel.
  • In addition to stepping up local sales, costs have materially reduced since the pipeline closure, with operational spend in the Tawke licence averaging 65% below the pre-export shutdown level.

Genel Energy PLC: Update on Tawke PSC

Retrieved on: 
Tuesday, December 26, 2023
DNO, GMT, Kurdistan Region, DNO ASA, IMC, Security (finance)

Genel Energy plc (‘Genel’ or ‘the Company’) notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.

Key Points: 
  • Genel Energy plc (‘Genel’ or ‘the Company’) notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.
  • The Tawke field was reopened on 18 July, and gross production from the Tawke licence in Q3 2023 totalled 25,984 bopd.
  • Genel will issue its trading and operations update in respect of the third quarter of 2023 next Tuesday, 14 November 2023.
  • Genel will host a live presentation on the Investor Meet Company (‘IMC’) platform on the day at 1000 GMT.