By John Lee. Iraq's Cabinet has this week approved an agreement between the Iraqi Ministry of Electricity and Al-Bilal Group, a limited general contracting company, which includes a reduction in the power purchase tariff for two solar power station projects in Karbala (300 MW) and Alexandria (Iskandariya) (225 MW). The agreement reduces the price from […]
By John Lee. DNO, which operates the Tawke licence in Iraqi Kurdistan, has said on Thursday that, given the uncertain timing of oil export resumption from Iraqi Kurdistan and, importantly, of payments by the Kurdistan Regional Government (KRG) for previous oil sales, it has scaled back spend in Kurdistan, including drilling. In its statement of […]
By John Lee. DNO, which operates the Tawke licence in Iraqi Kurdistan, has said today (Tuesday) that it now projects full-year 2023 production for Tawke to be below the previously communicated projection of 100,000 barrels of oil per day, as a result of the previously-advised shutdown in production. Full statement from DNO: DNO ASA, the […]
By John Lee. Norwegian company Scatec has reportedly decided not to proceed with its solar projects in Iraq. The firm, whose main shareholder is Equinor (formerly Statoil), told MEES that it has decided to focus on "carefully selected markets", and not to proceed with the projects in Iraq. In October 2021, Iraq's Ministry of Oil […]
By John Lee. Iraq has fallen two place in this year's Legatum Institute Prosperity Index, ranking in 140th place out of the 166 countries measured. The Index consists of 12 pillars of prosperity, split into 67 discrete policy-focussed elements, and is underpinned by 299 indicators. Denmark, Sweden and Norway took the top three positions. The […]
DNO ASA, the Norwegian oil and gas operator, will publish its Q4 and full-year 2022 operating and interim financial results on 9 February 2023 at 07:00 (CET). A videoconference call with executive management will follow at 11:00 (CET). The Company issues below an update on production and sales volumes for the quarter as well as […]
DNO ASA, the Norwegian oil and gas operator, will publish its Q3 2022 operating and interim financial results on 3 November 2022 at 07:00 (CET). The Company issues below an update on production and sales volumes for the quarter as well as other key financial information that will be further discussed in the earnings call. […]
By John Lee. DNO, the Norwegian oil and gas operator with significant operations in Iraqi Kurdistan, has released its 2021 Social Corporate Responsibility Report. Click here to download the full report. (Source: DNO)
DNO ASA, the Norwegian oil and gas operator, today reported strong second quarter operational and financial results powered by high oil and gas prices and by solid production in its operated flagship Kurdistan Tawke license. Spurred by quarterly revenue of USD 361 million and free cash flow of USD 167 million, the Company reduced debt […]
Genel Energy notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity. Gross production at the Tawke licence averaged 106,900 bopd during the second quarter, of which Peshkabir contributed 62,300 bopd and Tawke 44,600 bopd, the latter representing the first quarterly production increase […]
DNO ASA, the Norwegian oil and gas operator, will publish its Q2 2022 operating and interim financial results on Thursday, 11 August 2022 at 07:00 (CET). A videoconference call with executive management will follow at 11:00 (CET). The Company issues below an update on production and sales volumes for the quarter as well as other key […]
Norway reaffirms its commitment to stabilization in Iraq with US$ 7.5 million contribution The Government of Norway has made a new contribution NOK 70 million (approximately US$ 7.5 million) to the United Nations Development Programme (UNDP) Iraq's Funding Facility for Stabilization (FFS), which supports stabilization, durable solutions, and the safe return of internally displaced Iraqis […]
