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Kurdish oil smuggling to Iran flourishes

INSIGHT-Kurdish oil smuggling to Iran flourishes By Timour Azhari ERBIL, Iraq, July 11 (Reuters) - Heading for Turkey to the north and Iran to the east, hundreds of oil tankers snake each day from near Kurdistan's capital Erbil, clogging the Iraqi region's often winding and mountainous highways. The tankers are the most visible aspect of a massive operation to truck oil from the semi-autonomous region of Iraq to Iran and Turkey in murky, off-the-books transactions that have boomed since an offic
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Dno Racks Up Discoveries In Its Offshore Norway Core Area

BRIEF-Dno Racks Up Discoveries In Its Offshore Norway Core Area June 19 (Reuters) - Dno ASA DNO.OL : RACKS UP DISCOVERIES IN ITS OFFSHORE NORWAY CORE AREA GAS CONDENSATE DISCOVERY ON CUVETTE PROSPECT IN NORWEGIAN NORTH SEA LICENSES PL248F AND PL248GS PRELIMINARY EVALUATION OF DISCOVERY INDICATES GROSS RECOVERABLE RESOURCES IN RANGE OF 16-38 MILLION
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Germany's Wintershall Dea finds more gas condensate in Norway

Germany's Wintershall Dea finds more gas condensate in Norway OSLO, June 19 (Reuters) - Germany's Wintershall Dea and its Norwegian partners Petoro and DNO DNO.OL have made a gas condensate discovery at the Cuvette prospect in the northern North Sea, the operator said in a statement on Wednesday. The well was drilled just south of Wintershall Dea's Vega Central field, and the partners will consider whether the discovery can be fast-tracked into production utilising existing infrastructure in the
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Norwegian oil companies to make record high investments in 2024

UPDATE 2-Norwegian oil companies to make record high investments in 2024 Adds graphic, detail in paragraphs 6-7 OSLO, May 28 (Reuters) - Norwegian oil and gas investments are expected to hit a record high this year and will remain strong in 2025, driven by a string of new developments as well as cost inflation, a national statistics office (SSB) survey showed on Tuesday.
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Norwegian oil companies further boost investments in 2024 and 2025

Norwegian oil companies further boost investments in 2024 and 2025 OSLO, May 28 (Reuters) - Norwegian oil and gas investments are expected to hit a record high this year and will remain strong in 2025, driven by a string of new developments as well as cost inflation, a national statistics office (SSB) survey showed on Tuesday. The country's biggest business sector now expects to invest 246.9 billion Norwegian crowns ($23.58 billion) in 2024, up from a 243.6 billion crowns estimate in February.
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Dno Completes USD 400 Million Bond Placement

BRIEF-Dno Completes USD 400 Million Bond Placement May 24 (Reuters) - Dno ASA DNO.OL : DNO COMPLETES USD 400 MILLION BOND PLACEMENT BOND PLACEMENT WAS SIGNIFICANTLY OVERSUBSCRIBED SETTLEMENT IS EXPECTED ON OR ABOUT 4 JUNE 2024 IN CONNECTION WITH BOND PLACEMENT, COMPANY HAS AGREED TO BUY BACK USD 50 MILLION IN NOMINAL VALUE OF DNO04 Source text for
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Dno Contemplates New Senior Unsecured Bond Issue

BRIEF-Dno Contemplates New Senior Unsecured Bond Issue May 21 (Reuters) - Dno ASA DNO.OL : NEW SENIOR UNSECURED BOND ISSUE WITH A TENOR OF FIVE YEARS MAY FOLLOW CONTEMPLATED BOND WILL MATERIALLY HAVE SAME TERMS AS DNO04, ISSUED IN SEPTEMBER 2021 PURPOSE OF NEW BOND ISSUE IS TO PARTLY REFINANCE DNO04 SENIOR UNSECURED BONDS WITH MATURITY IN SEPT 2026
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Dno Completes Acquisition Of 25% Of UK's Arran Field

BRIEF-Dno Completes Acquisition Of 25% Of UK's Arran Field May 16 (Reuters) - Dno ASA DNO.OL : COMPLETES ACQUISITION OF 25 PERCENT OF UK’S ARRAN FIELD Source text for Eikon: ID:nGNE2h3KwL Further company coverage: DNO.OL (Gdansk Newsroom)
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Norway adds more acreage for Arctic oil, gas exploration

UPDATE 1-Norway adds more acreage for Arctic oil, gas exploration Adds quotes, detail in paragraphs 2-5 OSLO, May 8 (Reuters) - Norway offered 37 new blocks to explore for oil and gas in the Norwegian and the Arctic Barents Seas in its so-called APA round, in line with plans first outlined in January, the country's energy ministry said in a statement on Wednesday.
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Norway adds more acreage for Arctic oil, gas exploration

Norway adds more acreage for Arctic oil, gas exploration OSLO, May 8 (Reuters) - Norway offered 37 new blocks to explore for oil and gas in the Norwegian and the Barents Seas in its so-called APA round, in line with plans first outlined in January, the country's energy ministry said in a statement on Wednesday. Reporting by Terje Solsvik, editing b
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Dno Q1 Operating Profit USD 61 Million, Up 61% Vs Previous Quarter

BRIEF-Dno Q1 Operating Profit USD 61 Million, Up 61% Vs Previous Quarter May 8 (Reuters) - Dno ASA DNO.OL : Q1 2024 OPERATING PROFIT OF USD 61 MILLION, 61 PERCENT HIGHER THAN PREVIOUS QUARTER FREE CASH FLOW AT USD 44 MILLION WAS UP 31 PERCENT FROM Q4 OF 2023. NET PRODUCTION CLIMBED 14% QUARTER-ON-QUARTER AND AVERAGED 74,800 BARRELS OF OIL EQUIVALENT PER DAY (BOEPD) IN Q1 KURDISTAN REGION OF IRAQ CONTRIBUTED 57,200 BOEPD, NORTH SEA 14,200 BOEPD AND WEST AFRICA 3,300 BOEPD.
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DNO Acquires Portfolio Of Producing Assets Boosting Position In Norne Area Offshore Norway

BRIEF-DNO Acquires Portfolio Of Producing Assets Boosting Position In Norne Area Offshore Norway May 8 (Reuters) - Dno Asa DNO.OL : REG-DNO ACQUIRES PORTFOLIO OF PRODUCING ASSETS BOOSTING POSITION IN NORNE AREA OFFSHORE NORWAY TO ACQUIRE STAKES IN FIVE OIL AND GAS FIELDS IN NORNE AREA IN NORWEGIAN SEA FROM VÅR ENERGI ASA. CASH CONSIDERATION IS USD 51 MILLION WILL TRANSFER ITS STAKE IN RINGHORNE EAST (22.6 PERCENT) LOCATED IN A NON-CORE AREA FOR DNO TO VÅR ENERGI TRANSACTION ADDS MORE THAN EIGH
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Norway's OKEA submits $570 mln Bestla oil and gas plan

UPDATE 1-Norway's OKEA submits $570 mln Bestla oil and gas plan Adds peak output in paragraph 3, energy minister quotes in paragraphs 5-7 OSLO, April 30 (Reuters) - Norwegian oil and gas firm OKEA OKEA.OL has submitted a 6.3 billion Norwegian crowns ($571 million) plan to develop its Bestla oil and gas discovery in the North Sea, the country's energy ministry said on Tuesday .
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Norway's OKEA submits $570 mln Bestla oil and gas development plan

Norway's OKEA submits $570 mln Bestla oil and gas development plan OSLO, April 30 (Reuters) - Norwegian oil and gas firm OKEA OKEA.OL submitted on Tuesday a 6.3 billion Norwegian crowns ($571 million) plan to develop its Bestla oil and gas discovery in the North Sea, the country's energy ministry told a press conference. The discovery, formerly called Brasse, is estimated to hold 24 million barrels of oil equivalent in recoverable reserves, which will be produced with a subsea installation conne
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