By John Lee. Norwegian oil and gas operator DNO ASA posted record second-quarter revenue of $761 million, up 21 percent quarter-on-quarter, driven by strong North Sea production at high commodity prices, which more than offset the impact of a production shutdown at its Kurdistan operations. Operating profit rose 55 percent to $439 million, while net […]
By John Lee. A possible cash offer for Genel Energy plc has been put forward by Norwegian oil and gas operator DNO ASA, valuing the company at approximately £202 million [approx $271 million]. The approach was rejected by the Genel Board on 4 August 2026, but DNO says it remains willing to engage. Under the […]
By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq Corruption Crackdown to Cut Project Costs, PM's Aide Says Iraq's new government hopes an unprecedented crackdown on corruption will cut the cost of projects and […]
By John Lee. The Food and Agriculture Organization of the United Nations (FAO) has provided productive assets and agricultural inputs to rural women and farmers in Karbala Governorate to support agricultural production and strengthen resilience to climate-related challenges. The initiative was delivered under two FAO projects implemented in partnership with the Ministry of Agriculture and […]
By John Lee. A new agricultural facility in Dohuk is enabling refugee, displaced and host community farmers in Iraq's Kurdistan Region to sell directly to formal retailers for the first time, with early results showing produce selling out within 24 hours and farmers earning up to 48% more per kilogram than through traditional wholesale channels. […]
By John Lee. Mona Juul has stepped down from her role as Norway's Ambassador to Jordan and Iraq, following discussions with the Ministry of Foreign Affairs and an ongoing investigation into her knowledge of, and contact with, convicted sex offender Jeffrey Epstein. The Ministry had already relieved Juul of her duties while it examines documents […]
By John Lee. Gulf Keystone Petroleum (GKP) announced on Wednesday that it intends to complete the Company's previously announced proposal to pursue a dual listing of its shares on Euronext Growth Oslo operated by the Oslo Stock Exchange. Full statement from GKP: Intention to complete listing on Euronext Growth Oslo and fully underwritten retail offer […]
By John Lee. Norway's DNO ASA has announced a major scaling-up of operations in the Kurdistan Region after surpassing 500 million barrels of cumulative oil production from the Tawke licence, where it holds a 75 percent operating stake. Drilling will resume next week after a 2.5-year spending pause, beginning with a new production well in the […]
By John Lee. DNO ASA has reported record revenue of USD 547 million and an operating profit of USD 222 million for the third quarter of 2025, both more than double the figures from the previous quarter. Regarding its operations in Iraqi Kurdistan, it reported that gross production at the Tawke licence, where it holds […]
DNO ASA, the Norwegian oil and gas operator, has announced that Birgitte Wendelbo Johansen has been appointed Chief Financial Officer effective 1 November 2025, replacing Haakon Sandborg who is stepping down following 24 years in the role. Ms. Johansen joins DNO from Reach Subsea ASA, an Oslo Børs listed oil services company, where she served […]
By John Lee. Norway's DNO has reported increased oil production at its operations in Iraqi Kurdistan: Kurdistan Production: In Q1 2025, DNO's net production in Kurdistan was 61,600 barrels of oil equivalent per day (boepd), an 11% increase quarter-on-quarter. Operational Measures: Despite the closure of the Iraq-Türkiye export pipeline (ITP), production from the Tawke licence […]
By John Lee. On Thursday, DNO, the Norwegian oil and gas operator, reported a 24-percent increase in revenue to USD 170 million in the third quarter of 2024, with operating profit also higher at USD 31 million, up from an operating loss of USD 3 million in the previous quarter. Regarding operations in the Kurdistan […]
