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DNO Closes Acquisition of Sval Energi for $450MM

Rigzone

The acquired portfolio consists of 16 producing fields in Norway, quadrupling DNO’s North Sea production to 80,000 barrels of oil equivalent per day (boepd), the company said in a news release. Its largest assets, measured by net 2P reserves, are Nova, Martin Linge, Kvitebjørn, Eldfisk, Maria, Symra and Ekofisk.

Energy 67
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DNO Signs Offtake Agreement to Supply Norwegian Gas to ENGIE

Rigzone

“We have received strong interest by buyers to prepurchase our enlarged North Sea production of 80,000 barrels of oil equivalent per day split about equally between oil and gas,” DNO Executive Chairman Bijan Mossavar-Rahmani said. banks, in particular, have significantly stepped up fossil fuel lending,” he added.

Gas 62
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Touchstone Posts Production Numbers from Trinidad Asset

Rigzone

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Touchstone Posts Production Numbers from Trinidad Asset by Rocky Teodoro | Rigzone Staff | Thursday, July 17, 2025 | 7:00 AM EST The acquired entity holds a 65 percent operating interest in the Central Block exploration and production license.

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DNO reports "Stellar Production" in Iraqi Kurdistan

Iraq Business News: Oil & Gas

According to a company statement this morning: " Net production climbed 50 percent year-on-year to 77,300 barrels of oil equivalent per day (boepd), to which Kurdistan contributed 59,000 boepd, North Sea 15,200 boepd and West Africa 3,100 boepd. "At Tawke field: 27,864 bopd (-6% from Q3). Peshkabir field: 46,279 bopd (-15% from Q3).

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Var Energi Makes Gas, Condensate Find Offshore Norway

Rigzone

Image by momnoi via iStock Var Energi announced, in a statement posted on its website, that it has made a new “commercial” gas and condensate discovery in the Vidsyn exploration well, which is situated near the Var Energi operated Fenja field in the Norwegian Sea. Var Energi has a 75 percent operated interest in the find.