Tuesday, March 31, 2020

Dno Asa News

DNV GL, DNO Pact on North Sea

(L-R) Geir Egil Eie, Head of Department, Subsea and Asset Risk Management, DNV GL – Oil & Gas, Arve Johan Kalleklev, Regional manager, Norway, DNV GL – Oil & Gas. Photos: DNV GL

The international accredited registrar and classification society DNV GL has been awarded a framework agreement by the Norwegian oil and gas operator DNO ASA to provide a broad portfolio of engineering and management support and verification services to support the operator…

DNO Completes $400mln Bond Placement

Image: DNO ASA

The Norwegian oil and gas operator focused on the Middle East and the North Sea, DNO ASA said it has completed the private placement of USD 400 million of new, five-year senior unsecured bonds with a coupon rate of 8.375 percent.The…

DNO Exits Oman Offshore Block

Bijan Mossavar-Rahmani, Executive Chairman. Photo: DNO

Norwegian oil and gas operator DNO ASA subsidiary DNO Oman Block 8 Limited has relinquished operatorship and participation in the offshore Oman Block 8 to the Sultanate of Oman's Ministry of Oil and Gas (MOG) and state-owned Oman…

DNO Bid Undervalues Faroe by 48 %

File Image: Faroe Petroleum

North Sea player Faroe Petroleum published an independent valuation of its assets by Gaffney, Cline & Associates (GCA), which is said to highlight the inadequacy of DNO ASA's GBP608 million at 152p per share takeover offer.Faroe…

Faroe Criticizes DNO's Takeover Bid as 'Opportunistic'

Image: Faroe Petroleum

The oil and gas company with focus in Norway and the U.K. Faroe Petroleum has reaffirmed that Norwegian oil giant DNO ASA's GBP608mln ($761.65 million) unsolicited takeover offer for the AIM-listed firm is "opportunistic" and "substantially"…

DNO Makes Cretaceous Oil Discovery at Peshkabir

Map Tawke-Peshkabir

Genel Energy plc informs that an announcement has been made this morning by DNO ASA, as operator of the Tawke licence (Genel 25% working interest). The Peshkabir-2 well currently drilling on the Tawke PSC has discovered oil in the…

Payment for KRI oil exports from Tawke field

Genel Energy plc ('Genel') notes the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a payment of $37.40 million from the Kurdistan Regional Government for oil sales during July 2016.

Genel, DNO Receive Payment for Tawke Oil Sales

Photo courtesy Genel Energy

Genel Energy plc notes the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a payment of $30 million from the Kurdistan Regional Government for oil sales during June 2016. The…

DNO Keen on Iran Possibilities

Norway's DNO ASA, which has operations across the Middle East, would like to do business in Iran if sanctions against the country are lifted as planned, the energy company said on Thursday. Oslo-listed DNO has its biggest operation in Iraqi Kurdistan…

DNO Spuds First Tunisia Probe

Top The Ashtart platform offshore Tunisia. Bottom The Maamoura platform operated by Eni Tunisia

DNO ASA, the Norwegian oil and gas operator, today announced commencement of drilling of the Jawhara-3 well, the first of several exploration and appraisal wells planned in the Sfax Offshore Exploration Permit in the Republic of Tunisia.

RAK Petroleum Plans IPO on Oslo Bors

RAK Petroleum, an energy investment company based in the United Arab Emirates, plans to launch an initial public offering (IPO) and apply for a listing on Norway's Oslo Bors, the company said on Monday. The firm said it would offer…