Tuesday 30 August 2016
 
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DNO

DNO launches offer to acquire Gulf Keystone

DNO ASA, the Norwegian oil and gas operator, today unveiled a proposal to acquire for $300 million all of the enlarged share capital in Gulf Keystone Petroleum following the latter's contemplated financial restructuring announced earlier thi

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Iraqi Kurdistan paying $75m to Genel, DNO, Gulf Keystone

Iraq's Kurdistan region said it had allocated $75 million of revenue from its direct crude oil sales to three international oil companies, whose payments have been disrupted by a dispute between Erbil and Baghdad.  

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Norwegian oil firm DNO says keen on Iran entry

Norway's DNO, 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.   Oslo-listed DNO has its biggest

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DNO increases Kurd oil exports to Turkey

Norwegian oil firm DNO International said it increased its crude oil exports from Iraq's Kurdistan region to Turkey and expects more export capacity in place by year-end even as key contractors quit.  

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RAK Petroleum posts $15.81m net profit

RAK Petroleum Public Company, the energy investment company, has announced a net profit of Dh58.1 million ($15.81 million) for the year ended December 31, 2013, marking a fifth consecutive year of profitability. The company’

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Harvard announces fellowship for Mena students

Harvard Kennedy School (HKS) has announced the creation of the Mena Graduate Fellowship Fund underwritten by a $1 million gift from the Norwegian oil and gas company DNO International.   The fellowship will support qualified a

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RAK Petroleum wins approval for restructuring

RAK Petroleum, a UAE-based energy investment company, said it had won approval from its shareholders to restructure the company and its subsidiaries and also seek a listing on an international stock exchange. The proposed restruct

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DNO inks Somaliland production sharing deal

DNO International, the Norwegian oil and gas company, said it has entered into a production sharing contract (PSC) covering block SL18 onshore Somaliland adding substantial exploration acreage to its portfolio. The President of Somali

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RAK Petro announces third year of profit

RAK Petroleum, a leading oil and gas exploration and production company, has announced its third consecutive year of profitability registering a Dh15.7 million ($4.27 million) full year net profit for 2011. Announcing the results for the y

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DNO shareholder seeks to block RAK takeover

A disgruntled shareholder group has sought a court injunction to block Norwegian oil company DNO's takeover of Emirates-based RAK Petroleum, a legal maneuver analysts said had little chance of success.      DNO, w

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