DNO Bags $410 Million Financing by Placing North Sea Oil Output to Exxon, Shell

01:56 AM EST, 12/18/2025 (MT Newswires) -- Norwegian oil and gas operator DNO (DNO.OL) secured $410 million in financing facilities by placing its North Sea oil production with the subsidiaries of Exxon Mobil (XONA.F, XOM.VI) and Shell (SHEL.L, SHELL.AS). The two-year offtake deal with ExxonMobil Asia Pacific provides a revolving credit facility of up to $185 million, according to a Thursday release. On the other hand, the agreement with Shell Trading and Shipping Co. covers …

DNO ASA Secures USD 410 Million North Sea Oil Offtake Financing with ExxonMobil and Shell

(AWP Alliance News) - DNO ASA has secured new financing agreements linked to its North Sea oil production by entering into offtake deals with subsidiaries of Exxon Mobil Corporation and Shell plc, effective from 1 January 2026. The arrangement with ExxonMobil Asia Pacific Pte. Ltd. includes a revolving credit facility of up to USD 185 million over two years, while the agreement with Shell Trading and Shipping Company Limited (STASCO) provides an initial one-year prepayment fa…

DNO Agrees North Sea Oil Offtake with Exxon Mobil and Shell, Unlocks Attractive Financing

Oslo, 18 December 2025 – DNO ASA, the Norwegian oil and gas operator, today announced that it has placed its North Sea oil production with subsidiaries of Exxon Mobil Corporation and Shell plc effective 1 January 2026 and secured related offtake financing facilities for up to USD 410 million. The agreement with ExxonMobil Asia Pacific Pte. Ltd., covering around half of DNO's North Sea oil output, has a tenor of two years and a related revolving credit facility of up to USD 18…

Norway's DNO to Resume Drilling at Iraqi Oil Project

04:01 AM EST, 12/11/2025 (MT Newswires) -- Norwegian oil and gas operator DNO (DNO.OL) plans to restart drilling at its 75%-owned and operated Tawke oil license in the Kurdistan region of Iraq. While the drilling was halted in 2023 due to export pipeline closure and dropping revenues, the project is still producing 80,000 barrels of oil per day, according to a Thursday release. The Tawke license, which consists of the Tawke and Peshkabir oil fields, has surpassed 500 million …

DNO ASA Resumes Drilling in Kurdistan After Producing 500 Million Barrels

(AWP Alliance News) - DNO ASA announced that it has surpassed 500 million barrels of oil produced from the Tawke license in the Kurdistan region of Iraq, where it holds a 75 percent stake and operates the fields. The company is set to restart drilling at the Tawke license following a two-and-a-half-year hiatus, with the spud of a new production well targeting the Jeribe reservoir. Two rigs, "DQE-51" and the DNO-owned "Sindy," have been mobilized to drill eight wells through 2…

DNO Charges Past 500 Million Barrels in Kurdistan and Picks Up Speed

Oslo, 11 December 2025 – DNO ASA, the Norwegian oil and gas operator, today announced it is revving up operations in the Kurdistan region of Iraq as it charges past a major milestone marking 500 million barrels of oil produced from the Tawke license (DNO 75 percent and operator). Drilling will restart at the flagship license next week following a two-and-a-half-year spending hiatus with the spud of a new production well targeting the shallow Jeribe reservoir in the Tawke fiel…

Equinor Commences Production at Co-Owned Verdande Subsea Field

04:47 AM EST, 12/04/2025 (MT Newswires) -- Oil and gas company Equinor (EQNR.OL) commenced production in its co-owned Verdande subsea field in the Norwegian Sea on Tuesday, according to a Thursday release. The company said more than 6 billion Norwegian kroner has been invested in the field, which has reserves of 36 million barrels of oil. The asset is tied to the Norne Floating Production Storage and Offloading vessel. Equinor is the operator of the Verdande project with a 59…

DNO: Financial calendar

Financial calendar for DNO ASAFINANCIAL YEAR 202512.03.2026 - Annual Report05.02.2026 - Quarterly Report - Q4FINANCIAL YEAR 202613.08.2026 - Half-yearly Report04.06.2026 - Annual General Meeting07.05.2026 - Quarterly Report - Q129.10.2026 - Quarterly Report - Q3This information is published pursuant to the requirements set out in theContinuing obligations.

DNO · 2024 financial report

DNO · 2024-Q3 financial report

DNO · 2024-Q2 financial report

DNO · 2024-Q1 financial report