Tag Archives | Tawke

Genel Shares Rise on Trading Update

Shares in Genel Energy were trading as much as 6 percent higher this morning following a trading and operations update in respect of the third quarter and first nine months of 2022. Paul Weir (pictured), Chief Executive of Genel, said: "I am pleased that we remain on track to generate around $250 million of free […]

DNO Reports Strong Third Quarter Results

DNO ASA, the Norwegian oil and gas operator, today reported third quarter operating profit of USD 191 million on revenues of USD 339 million driven by strong production at the flagship Kurdistan Tawke license and continued high oil and gas prices. In Kurdistan, gross operated production totaled 109,100 barrels of oil per day (bopd) in […]

DNO issues Production Update

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. […]

DNO Raises Kurdistan Output Forecast

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 […]

Tawke Oilfield: First Quarterly Production Increase since 2015

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 […]

Genel Energy issues update on Trading and Ops

Genel Energy has issued the following trading and operations update ahead of the Company's Annual General Meeting ('AGM'), which is being held today: Bill Higgs, Chief Executive of Genel, said: "Our robust financial position continues to strengthen, supporting investment in our organic portfolio as well as our progressive dividend. Despite the result of Sarta-5, the […]

DNO releases latest Production Data

By John Lee. DNO has issued an update on production and sales volumes for the quarter as well as other key financial information. Volumes (boepd): Gross operated production Q1 2022 Q4 2021 Q1 2021   Kurdistan 106,465 107,472 111,985   North Sea - - - Net entitlement production Q1 2022 Q4 2021 Q1 2021   […]

DNO reports Record Revenues

DNO ASA, the Norwegian oil and gas operator, today reported record revenues exceeding USD 1 billion in 2021, up 63 percent from a year earlier, on the back of high oil and gas prices and solid production performance. Annual operating profit climbed to USD 321 million, reversing operating loss of USD 315 million in 2020. […]

Genel Energy Rise on Trading Update

Shares in Genel Energy rose by nearly 5 percent on Tuesday morning after the company issued the following trading and operations update in advance of the Company's full-year 2021 results, which are scheduled for release on 15 March 2022. The information contained herein has not been audited and may be subject to further review. Bill […]

DNO reports Third Quarter 2021 Results

DNO ASA, the Norwegian oil and gas operator, today reported third quarter revenues of USD 253 million, a 38 percent quarter-on-quarter increase driven by higher North Sea sales and strengthening commodity prices. The Company's operating profit climbed seven percent to USD 65 million, weighed down by non-cash net impairments of USD 40 million primarily related […]

KRG Approves DNO Purchase of Exxon Stake in Baeshiqa

By John Lee. DNO ASA, the Norwegian oil and gas operator, today announced that the Kurdistan Regional Government has approved the Company's acquisition of ExxonMobil's remaining 32 percent interest in the Baeshiqa license, doubling DNO's stake. In parallel, commerciality has been declared on the license with plans submitted for fast-track development including early production from previously […]