Faroe to ramp up exploration, pursue M&A opportunities as profits appear
Faroe Petroleum will participate in seven wells by the end of next year as the North Sea oil firm "ramps up" exploration activity.
DNO
Faroe ‘pleased’ DNO withdraws request for seats on board
Faroe Petroleum has today said it is “pleased” DNO has withdrawn a request seeking seats on its board.
DNO withdraws request for seats on Faroe board, criticises ‘hostile response’
Oslo-listed DNO has withdrawn a request for a meeting to gain seats on Aberdeen-based Faroe Petroleum’s board, criticising the firm’s “increasingly hostile response”.
Faroe to oppose DNO bid to ‘take control of its business’
Faroe Petroleum said it is “very concerned” by actions from Norway’s DNO to “take control of its business".
DNO gets £48m payment for Tawke oil deliveries
Norwegian oil firm DNO has been paid £47.8million from the Kurdistan Government for crude oil deliveries from the Tawke license.
North Sea and Middle East player DNO picks up Iraq production
North Sea and Middle East-focussed operator DNO has announced a two-thirds increase in production from the Peshkabir field in Iraq.
DNO further increases stake in Faroe Petroleum to 28.7%
Norwegian oil operator DNO has further boosted its stake in Aberdeen-based Faroe Petroleum.
Faroe should be braced for DNO takeover, says analyst
Faroe Petroleum should be braced for a takeover from Norway’s DNO, according to a leading analyst.
DNO takes 15% stake in Faroe in £70million deal
Norwegian oil and gas operator DNO has purchased a 15% stake in Aberdeen-based Faroe Petroleum.
DNO takes of operator role for Kurdistan licence
Norwegian oil and gas operator DNO has agreed to take over the operatorship of a licence in Kurdistan from ExxonMobil.
DNO receives payment for Tawke exports
Norwegian oil and gas operator DNO has reported receipt of $41.26 million from the Kurdistan Regional Government for crude oil deliveries to the export market from the Tawke field.
DNO returns to North Sea with Origo acquisition
Norwegian operator DNO has returned to the North Sea after buying Stavanger-based Origo Exploration Holdings.
DNO makes Kurdistan oil discovery
Norwegian operator DNO said it has made an oil discovery in the Kurdistan Region of Iraq.
Kurdistan Regional Government pays out
The Kurdistan Regional Government (KRG) has paid out for the Shaikan crude oil export sales in September.
DNO launches “aggressive drilling campaign” after back-to-back profits
DNO today revealed plan to drill new well in the Kurdistan region of Iraq after posting a second consecutive quarter of operating profits.
Norwegians launch $300million bid for Gulf Keystone
Norwegian oil and gas firm DNO has launched a $300million bid for the troubled Iraqi oil producer, Gulf Keystone Petroleum.
Genel lands Tawke field payment from Kurdistan government
Genel Energy has confirmed that Tawke field partners have received a payment of $15million from the Kurdistan Regional Government for oil sales during May 2016.
Kurdistan oil producers surge as government clarifies payments
Shares of Gulf Keystone, Genel Energy and DNO rose after the Kurdistan Regional Government clarified its system of export payments to foreign oil companies.
Kurdistan Government pays out millions to exporters
The Kurdistan Regional Government has dished out its latest round of payment for oil exports.
Genel Energy confirms latest payment from Kurdish government
Genel Energy has confirmed that the Taq Taq field partners have recieved a $30million export payment from the Kurdistan Regional Government in Iraq for oil exported through the Kurdistan region of Iraq-Turkey pipeline.
Norwegian oil firm DNO says keen on Iran entry
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, where it produced about 153,000 barrels of oil per day in the second quarter. It is also present in Oman, Yemen, Somaliland, Tunisia and the United Arab Emirates.
DNO profits and production boosted in second quarter
DNO saw a profits boost in the second quarter of the year up from the previous three months. The Norwegian oil and gas operator said there had been an increase from $26million to $55million while its net loss was $40million for the second quarter. The company has also hit record production levels from the Tawke field in the Kurdistan Region of Iraq with output averaging 153,346 barrels of oil per day (bopd).