DNO ASA, the Norwegian oil and gas operator, today reported stepped up investments across its portfolio on the back of higher production and significantly improved liquidity outlook as the Company recovers from the oil market turmoil that upended the second quarter of 2020. Operated production in July at the Company's flagship Tawke license in the […]
Tag Archives | Norway
Norway Supports Protection of Women in Iraq
By John Lee. The Government of Norway has donated NOK 20 million (approximately US$ 2 million) in support of the UNFPA humanitarian programme on gender-based violence across in Iraq. This contribution is part of a wider NOK 100 million contribution from Norway to UNFPA's Global Humanitarian Action Overview aiming at mitigating, preventing and responding to […]
Tags: featured, Global Humanitarian Action Overview, mn, Norway, Sexual and gender based violence (SGBV), United Nations Population Fund (UNFPA)
DNO Reports 35% Cut in 2020 Spend, Bolstering Cash Position
DNO ASA, the Norwegian oil and gas operator, has reported that it had identified and implemented 2020 budget cuts of USD 350 million or 35 percent across all spend categories as the Company moved early and quickly to protect its personnel and operations and preserve its cash position in response to the the devastating impact […]
DNO Completes Baeshiqa Testing, Prepares to Spud Next Well
DNO ASA, the Norwegian oil and gas operator, has announced completion of testing and appraisal of the Baeshiqa-2 exploration well in the Kurdistan Region of Iraq and the imminent spud of an exploration well on a separate prospect, Zartik, located 15 kilometers southeast on the same license. The testing has proven oil and gas in […]
Tags: Baeshiqa, DNO, Exxon, Exxon Mobil, ExxonMobil, featured, KRG, Kurdistan News, Kurra Chine, mn, Norway, Turkish Energy Company (TEC), Zartik
DNO Slashes 2020 Budget
DNO ASA, the Norwegian oil and gas operator, today announced a 30 percent or USD 300 million reduction in its 2020 budget to shore up its balance sheet in the face of unprecedented market convulsions and plunging oil prices triggered by the coronavirus pandemic. Steps have already been taken to suspend most discretionary drilling and […]
DNO reports Record Revenues and Production
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). […]
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)