Bosses at Longboat Energy are “participating” in a number of acquisition processes as the London-listed firm looks to do its maiden deal.
DNO has bought out ExxonMobil’s 32% stake in the Baeshiqa licence, increasing the Norwegian company’s stake to 64%.
The Tawke licence in Kurdistan produced 110,300 barrels per day in 2020, DNO has reported, down from 124,000 bpd in 2019.
Bosses at Three60 Energy are targeting significant financial growth and a recruitment drive across the global energy service group.
An oil and gas market researcher has highlighted a UK North Sea exploration well expected to be drilled this year by Shell as “one to watch”.
Hague and London Oil (HALO) has acquired 100% of the Schooner gas field in the North Sea but has not acquired rights to use the production platform to develop it.
Aberdeen-headquartered Dolphin Drilling has won a combined contract for exploration and decommissioning work with DNO.
An Aberdeen-based energy services group has won a multi-million pound contract to deliver duty holder services for two North Sea assets.
Bosses at Longboat Energy said today they were making “good progress on several fronts” in their quest to complete a maiden acquisition for the London-listed firm.
DNO’s Peshkabir gas capture and injection project, in Kurdistan, has launched and already captured 1 billion cubic feet of gas injected, in a major move to reduce emissions.
DNO and Genel Energy have cut production estimates and spending this year in Kurdistan, although allowing that work could resume should prices strengthen.
DNO, the Oslo-listed exploration firm which took over Aberdeen's Faroe Petroleum, has announced it is reducing staff “in all locations” in response to Covid-19 outbreak and oil price crash.
Norway’s DNO has tested and appraised its Baeshiqa-2 exploration well in Kurdistan and is moving to spud an exploration well on a separate prospect on the same licence.
Foxtrot International and its partners in the CI-27 licence have reached a deal to invest in the area to keep gas flowing to power plants.
DNO has slashed its budget to shore up its balance sheet in the face of “unprecedented market convulsions” and plunging oil prices triggered by the coronavirus pandemic.
DNO, which took over Aberdeen-based Faroe Petroleum last year, has taken £112million of impairments costs related to its newly-acquired fields in the North Sea.
A new North Sea firm, created by the former bosses of Faroe Petroleum, has announced it is evaluating "a number" of potential acquisition targets.
Energy giant Equinor has announced it has snapped up almost two dozen new production licenses in the Norwegian Continental Shelf.
DNO’s hostile takeover of Faroe Petroleum a year ago boosted the Norwegian oil firm’s North Sea production by 17,400 barrels per day (bpd) in 2019.
There were six exploration wells active offshore Norway as of December 30. One well was completed, and three were spudded in December.
A fledgling plug and abandonment firm which recently received a £66 million investment has said it “expected” its £2.7m loss.
North Sea oil and gas veteran Graham Stewart said yesterday a sense of “unfinished business” spurred his decision to launch a new, acquisition-hungry player.
A North Sea oil and gas executive who led Faroe Petroleum before the Aberdeen-based firm fell to a hostile takeover has set up a new company.
More Norwegian acquisitions of UK oil and gas assets and businesses are on the cards later this year and into 2020, a top Aberdeen accountant has said.
Faroe Petroleum returned to the black in its final full year before falling year of a hostile takeover by Oslo-based DNO.