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 […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 15.0 million from the Kurdistan Regional Government as partial payment to DNO and partner Genel Energy plc for May crude oil deliveries to the export market from the Tawke field. The total invoiced amount for May is USD 39.28 […]
By John Lee. Norwegian oil and gas operator DNO, as operator of the Tawke field, has announced that the Tawke field partners have received a payment of $16 million from the Kurdistan Regional Government for oil sales during April 2016. The payment reflects part settlement of the invoiced amount of $32.3 million for April 2016 […]
By John Lee. Shares in DNO, the Norwegian oil and gas operator, closed up more than 10 percent on Wednesday as the company announced the startup of an active drilling program at its flagship Tawke field in the Kurdistan region of Iraq. The company said it will boost investments on the back of seven consecutive […]
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 13.46 million from the Kurdistan Regional Government for February crude oil deliveries to the export and local markets from the Tawke field under the payment arrangement announced earlier this year. The funds, to be shared pro-rata by DNO and partner Genel Energy […]
DNO ASA, the Norwegian oil and gas operator, today released its 2015 Annual Report and Accounts together with its 2015 Annual Statement of Reserves. The company reported record levels of operated production in 2015, driven by strong performance in the Kurdistan region of Iraq, though the company's financial results were impacted by the sharp drop […]
DNO ASA, the Norwegian oil and gas operator, today reported record oil and gas output in 2015 though the company's results were impacted by the sharp drop in world oil prices. Operated production was up 23 percent last year to 144,200 barrels of oil equivalent per day while revenues dropped to USD 187 million in […]
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 21.45 million from the Kurdistan Regional Government for exports from the Tawke field under a new payment arrangement announced on 1 February 2016. The payment, to be shared pro-rata by DNO and partner Genel Energy plc, includes USD 17.99 million toward the […]
The Kingdom of Norway has contributed an additional US$2.8 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). This is the second contribution from the Kingdom of Norway in recent months, and will be dedicated to restoring livelihoods […]
DNO ASA, the Norwegian oil and gas operator, today confirmed receipt of USD 30 million as partial payment towards oil exported from the Tawke field by the Kurdistan Regional Government. The payment, to be shared pro-rata with Tawke license partner Genel Energy plc, is the fourth such monthly payment since September 2015. (Source: DNO)
By John Lee. DNO ASA, the Norwegian oil and gas operator, today confirmed receipt of USD 30 million to be shared pro-rata with its partner Genel Energy plc as a partial payment towards oil exported from the Tawke field by the Kurdistan Regional Government. The payment is the third such monthly payment received in 2015. […]
The Kingdom of Norway and the United Nations Development Programme (UNDP) signed a $1.8 million partnership agreement today to support stabilization in newly liberated areas in Iraq. Norway’s contribution will be channeled through UNDP’s Funding Facility for Immediate Stabilization (FFIS), which finances fast-track initiatives in areas retaken from the Islamic State of Iraq and the […]
