Tag Archives | Norway

EU Planes Deliver 266 tonnes of Relief Assistance

The European Commission is currently working alongside EU Member States to facilitate emergency aid deliveries in Iraq, to help people affected by the crisis in Mosul. Three additional planes carrying emergency assistance from Austria and France have now touched ground in Iraq, bringing the total number of flights facilitated and co-financed by the Commission to […]

DNO Strikes Oil at Peshkabir

DNO ASA, the Norwegian oil and gas operator, has announced that the Peshkabir-2 well currently drilling in the Kurdistan region of Iraq has discovered oil in the Cretaceous horizon in the southern flank of the Peshkabir field. The well flowed at a stable rate of 3,800 barrels of 28° API oil per day on a […]

Sinopec considers Bid for GKP

By John Lee. Bloomberg reports that Sinopec — the state-owned China Petroleum & Chemical Corporation — is considering a takeover of the recently restructured Gulf Keystone Petroleum (GKP). The news agency cites un-named sources as saying that the world’s biggest refiner is working with advisers and has made an approach to the company, which was […]

Hawrami Defends KRG Treatment of IOCs

By Padraig O’Hannelly. The Kurdistan Regional Government’s Minister of Natural Resources, Dr Ashti Hawrami (pictured), has defended the KRG’s treatment of oil companies in the Region. This follows criticism by the head of Norwegian oil and gas operator DNO, which operates the Tawke block, at CWC Group’s Kurdistan-Iraq Oil & Gas Conference in London. Executive […]

DNO Considers Revised Offer for GKP

By John Lee. Norway’s DNO has stated that its July 2016 proposal to acquire Gulf Keystone Petroleum (GKP) has expired, “as certain conditions to the recent financial restructuring set by Gulf Keystone itself appear not to have been met.” In a statement, the company said: “Given the resulting uncertainties about Gulf Keystone’s asset, commercial oulook […]

First Phase of New Tawke Drilling Campaign Completed

DNO ASA, the Norwegian oil and gas operator, today announced a third consecutive quarter of operating profits and the completion of the first phase of the 2016-2017 drilling campaign at the Company’s flagship Tawke field in the Kurdistan region of Iraq. Four new production wells at Tawke, three of which targeted the shallow Jeribe reservoir […]

NRC Reports “Dramatic Increase” in Refugees

The Norwegian Refugee Council (NRC) reports a dramatic increase in the number of people arriving at displacement camps around Mosul. 9,018 people received relief packages from NRC during Friday alone. With the assault launched by Iraqi forces to retake the city of Mosul, the NRC warns that the fate of some 1.2 million Iraqis is […]

Further Payment Received for Tawke Oil Exports

DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 31.33 million from the Kurdistan Regional Government as payment towards August crude oil deliveries to the export market from the Tawke field. The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 26.27 million toward the monthly […]

Iraqi Woman Wins Human Rights Award

Human rights campaigner and leader of the Organization of Women’s Freedom in Iraq (OWFI), Yanar Mohammed (55), has been awarded the 2016 Rafto Prize for her work on behalf of women and minorities in war-torn Iraq. The Rafto Prize is awarded annually to individuals or organizations that have distinguished themselves in their work for human […]

Norway’s Contributions to Stabilization reach $10.7m

The Kingdom of Norway has contributed an additional US$3 million to UNDP’s Funding Facility for Immediate Stabilization (FFIS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL). With this contribution, Norway has channelled $10.7 million to UNDP’s FFIS during 2016. Based on priorities identified by the Government […]

DNO, Genel Receive Payment for Tawke Deliveries

DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 30 million from the Kurdistan Regional Government as partial payment to DNO and partner Genel Energy for June crude oil deliveries to the export market from the Tawke field. The total invoiced amount for June is USD 38.41 million, of which USD […]

DNO Makes $300m Bid for Gulf Keystone

DNO ASA, the Norwegian oil and gas operator, this morning unveiled a proposal to acquire for USD 300 million all of the enlarged share capital in Gulf Keystone Petroleum Ltd following the latter’s contemplated financial restructuring announced earlier this month. The terms of the DNO proposal, which would comprise cash and shares, reflect a 20 […]