DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 54.0 million net to the Company from the Kurdistan Regional Government (KRG), of which USD 35.2 million represents DNO's entitlement share of February 2021 crude oil deliveries to the export market from the Tawke license in Kurdistan. Of the balance, USD 4.6 million is […]
Tag Archives | Norway
More Details on Iraqi Solar Projects
By Editor on 22nd February 2021 in Construction & Engineering In Iraq, Investment, Iraq Industry & Trade News
By John Lee. Oil Minister Ihssan Abdul-Jabbar Ismail has given further details of the seven "alternative energy" plants that will be built, clarifying that they will all be solar power plants. The projects will have a combined capacity of 750MW, with the largest being a 300-MW facility in Karbala. There will also be plants in […]
Tags: Babil, featured, France, mn, Muthanna, Norway, renewable energy, Sawa-1 Solar, Sawa-2 Solar, Total, Wasit
DNO Adds New Oil Reserves
DNO ASA, the Norwegian oil and gas operator, has announced it replaced 87 percent of 2020 production through additions to its proven (1P) reserves notwithstanding reduced activity in the wake of low oil prices. In the Kurdistan region of Iraq, the Company replaced 111 percent of last year's production through additions to 1P reserves. Yearend […]
Tags: Baeshiqa, DeGolyer & MacNaughton, DNO, featured, Gaffney Cline & Associates, Kurdistan News, mn, Norway, oil reserves, Tawke
DNO Buys Exxon's Stake in Iraqi Oilfield
DNO ASA, the Norwegian oil and gas operator, has announced the acquisition of ExxonMobil's 32 percent interest in the Baeshiqa license in the Kurdistan region of Iraq, doubling DNO's operated stake to 64 percent (80 percent paying interest), pending government approval. The Company plans to continue an exploration and appraisal program on the license while […]
Tags: Baeshiqa, DNO, Exxon, Exxon Mobil, ExxonMobil, featured, Kurdistan News, mn, Norway, Peshkabir, Tawke, TEC, Turkish Energy Company (TEC), Zartik
DNO announces 2020 Interim Results
DNO ASA, the Norwegian oil and gas operator, today reported interim 2020 revenues of USD 615 million, down a third from a year earlier in the wake of weak oil prices triggered by the pandemic and global economic contraction. Net production totaled 95,100 barrels of oil equivalent per day (boepd), down nine percent, as the […]
Norway Renews Commitment to Stabilization in Iraq
Norway renews commitment to stabilization with new $7.7m contribution The Government of Norway has contributed NOK 70,000,000 (US$7.7 million) to the United Nations Development Programme (UNDP) Iraq's Funding Facility for Stabilization (FFS), which supports stabilization and the return of internally displaced persons (IDPs) from the five governorates liberated from the Islamic State of Iraq and […]
Tags: featured, Funding Facility for Stabilization (FFS), mn, Norway, UN Development Programme (UNDP), United Nations (UN)
Iraq Falls in Prosperity Index
By John Lee. Iraq has fallen one place in this year's Legatum Institute Prosperity Index, ranking in 137th place out of the 167 countries measured. The Index consists of 12 pillars of prosperity, built upon 66 actionable policy areas (elements), and is underpinned by 294 indicators. Denmark, Norway and Switzerland took the top three positions. […]
Tags: Central African Republic, Denmark, featured, Legatum Institute, mn, Norway, Prosperity Index, South Sudan, Switzerland, Yemen
DNO boosts Kurdistan Oil Output in Q3
DNO ASA, the Norwegian oil and gas operator, today reported boosting Kurdistan output to 113,700 barrels of oil per day (bopd) in the third quarter, reversing declines triggered by oil market convulsions in the wake of Covid-19. Production from the DNO-operated Tawke and Peshkabir fields was up 12 percent from the prior quarter following a […]
DNO publishes Corporate Social Responsibility (CSR) Report
By John Lee. DNO, the Norwegian oil and gas operator with significant operations in Iraqi Kurdistan, has released its 2019 Social Corporate Responsibility Report. Please click here to download. (Source: DNO)
DNO Starts Gas Capture in Kurdistan
DNO ASA, the Norwegian oil and gas operator, today announced that the USD 110 million Peshkabir Gas Capture and Injection Project in its Tawke license in the Kurdistan region of Iraq is onstream and has reached the one billion cubic feet of gas injection milestone. The project is expected to reduce annual emissions from the […]
Mousa Jiyad Questions Norwegian Tanker Deal
By John Lee. Iraq Business News Expert Blogger, Ahmed Mousa Jiyad, has demanded an investigation into Iraq's reported contract to buy tankers from a Norwegian company. The Ministry of Oil announced on 18th August that the Iraqi Oil Tankers Company (IOTC) had concluded a contract with Norway's Batservice Mandal [Båtservice Mandal AS] to build two […]
Tags: Ahmed Mousa Jiyad, Batservice Mandal, featured, Iraqi Oil Tankers Company, mn, Norway, tankers
Norwegian Firm to build Oil Tankers for Iraq
By John Lee. Iraq's Ministry of Oil, represented by the Iraqi Oil Tankers Company (IOTC), has concluded a contract with Norway's Batservice Mandal [Båtservice Mandal AS] to build two oil tankers. Oil Minister Ahsan Abdul-Jabbar Ismail said that this contract comes within the framework of the ministry's plans to rebuild the national fleet of oil […]