DNO ASA, the Norwegian oil and gas operator, today reported interim 2019 revenues of USD 971 million, the highest in the Company’s 48-year history, on the back of acquisitions and a record drilling campaign driving a 28 percent year-on-year increase in Company Working Interest (CWI) production to 104,800 barrels of oil equivalent per day (boepd). […]
Tag Archives | Norway
Euro Ambassadors Condemn State Violence in Iraq
The Ambassadors of Canada, Croatia, Czech Republic, Finland, France, Germany, Hungary, Italy, the Netherlands, Norway, Poland, Romania, Spain, Sweden, the United Kingdom and the United States condemn the excessive and lethal use of force by Iraqi security forces and armed groups since 24 January against peaceful protestors, including in Baghdad, Nasiriya and Basra. Despite assurances […]
Tags: Canada, Croatia, Czech Republic, featured, Finland, France, germany, Hungary, Italy, mn, Netherlands, Norway, Poland, Protests, Romania, Spain, Sweden, United Kingdom, United States
DNO Production Increases
DNO ASA, the Norwegian oil and gas operator, today announced a 29 percent year-on-year increase in its net Company Working Interest (CWI) production in 2019 to 104,800 barrels of oil equivalent per day (boepd) on the back of acquisitions and a record drilling campaign. In the Kurdistan region of Iraq, production from the two fields […]
Norway contributes $2m to end GBV in Iraq
“We had to run quickly: they were coming in at us. We could hear them from far. My whole life crumbled that same moment. I froze but I could hear my sister screaming: “move or they will kill you, or worse take you,” said Minar from Qamishli, in Syria, recollecting the moment she and her […]
Tags: featured, gender-based violence, mn, Norway, Sexual and gender based violence (SGBV), United Nations Population Fund (UNFPA), Women
DNO announces Oil and Gas Discovery
DNO ASA, the Norwegian oil and gas operator, today announced issuance of a notice of discovery to the Kurdistan Regional Government of Iraq on the Baeshiqa-2 exploration well, in accordance with the requirements of the Production Sharing Contract, after flowing hydrocarbons to surface from the upper part of Triassic Kurra Chine B reservoir. Following acid […]
Tags: Baeshiqa, DNO, ExxonMobil, featured, KRG, Kurdistan News, Kurra Chine, mn, Norway, Turkish Energy Company (TEC)
DNO Shares Down 7.5%
By John Lee. Shares in DNO ASA, the Norwegian oil and gas operator, were trading down 7.5 percent on Thursday morning, after the company reported a net loss for the third quarter. The company reported what it described as strong third quarter revenues of USD 227 million, up 33 percent from a year earlier, on […]
Iraq, Norway sign ‘Oil-for-Development’ Agreement
By John Lee. Iraq and Norway have reportedly signed a three-year ‘oil-for-development’ agreement on Monday. According to MENAFN, the deal was signed during a visit by Norwegian Prime Minister, Erna Solberg to Iraq. (Sources: MENAFN, KUNA)
Norway Increases Contribution to Stabilizing Iraq
By John Lee. The Government of Norway and the United Nations Development Programme (UNDP) signed a partnership agreement today for USD 9 million (NOK 75 million) to support stabilization and recovery efforts for Iraq post-ISIL. Norway’s contribution will be channelled through UNDP’s Funding Facility for Stabilization (FFS) which finances fast-track initiatives in areas liberated from […]
Tags: featured, Funding Facility for Stabilization (FFS), mn, Norway, UN Development Programme (UNDP)
DNO Completes $400m Bond Placement
DNO ASA, the Norwegian oil and gas operator, has completed the private placement of USD 400 million of new, five-year senior unsecured bonds with a coupon rate of 8.375 percent. The bond placement received strong investor demand across international markets and was oversubscribed. The bond issue is expected to be settled on or about 29 […]
DNO to spend $250m in Kurdistan this year
DNO ASA, the Norwegian oil and gas operator, today reported USD 35 million in first quarter 2019 operating revenues from its newly acquired North Sea assets, bringing the total quarterly figure across the portfolio to USD 204 million. The Company generated a net profit of USD 51 million and exited the quarter with a cash […]
DNO Increases Oil Reserves, Shares Rise
Shares in DNO ASA, the Norwegian oil and gas operator, were trading up five percent on Monday afternoon following the company’s announcemnt that it has replaced 2018 production through additions to reserves, marking the second consecutive year in which the Company’s replacement of proven reserves reached or exceeded 100 percent of production. “DNO’s stellar record […]
Tags: DeGolyer & MacNaughton, DNO, featured, Genel Energy, Kurdistan News, Norway, oil reserves, Peshkabir, Tawke
DNO Reports Record Revenues
DNO ASA, the Norwegian oil and gas operator, today announced 2018 net profit of USD 354 million on revenues of USD 829 million, the highest annual revenues in the Company’s 47-year history. Cash flow from operations increased 40 percent to USD 472 million in 2018, of which USD 334 million represented free cash flow. Operated […]