DNO ASA Strengthens Position in Global Oil Market with Strategic Acquisitions and Operational Efficiency

15-05-2025


DNO ASA, the Norwegian oil and gas operator, has announced its Annual General Meeting (AGM) for 2025, scheduled to take place on 5 June at The National Museum in Oslo. The company has made provisions for remote participation, allowing shareholders to vote electronically in advance or submit a proxy. This move underscores DNO's commitment to accessibility and shareholder engagement amidst its expanding global operations.

In addition to the AGM announcement, DNO has reported a solid first quarter for 2025, with an operating profit of USD 28 million and revenues of USD 188 million. The company's net production saw an eight percent increase, reaching 84,200 barrels of oil equivalent per day. This performance is particularly noteworthy given the transformative USD 1.6 billion acquisition of Norway's Sval Energi Group AS, signaling DNO's strategic pivot towards enhancing its footprint in Norwegian waters.

The company's operational efficiency in Kurdistan has been a highlight, with production in the Tawke license increasing by 11 percent quarter-on-quarter. Despite the challenges posed by the closure of the Iraq-Türkiye export pipeline, DNO has managed to stabilize and even increase production from existing wells through innovative rigless interventions. This achievement not only demonstrates DNO's resilience but also its ability to maintain profitability with minimal investment.

Looking ahead, DNO Executive Chairman Bijan Mossavar-Rahmani emphasized the company's intention to replicate its Middle Eastern efficiencies in Norway. With the Sval acquisition expected to close around midyear, DNO is poised to embrace the 'faster, cheaper, better' ethos of the early Norwegian oil industry. This strategic direction, coupled with the company's strong Q1 performance, positions DNO as a formidable player in the global oil and gas sector.

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Autoliv's Strategic Share Retirement Impacts Voting Rights and Distributions

{'$date': '2025-07-01T20:51:02.834Z'}


Autoliv, Inc., the global leader in automotive safety systems, has announced the retirement of 510,361 shares of common stock that were repurchased during the quarter. This move has led to a decrease in the total number of issued shares, now standing at 79,404,229, with 76,807,215 shares outstanding. Each outstanding share retains its entitlement to one vote, underscoring the company's commitment to maintaining a transparent and equitable shareholder structure.

The retirement of these shares has also adjusted Autoliv's treasury stock holdings to 2,597,014 shares. Under Delaware law, these treasury shares do not carry voting rights or rights to participate in distributions. This strategic financial management reflects Autoliv's ongoing efforts to optimize its capital structure and enhance shareholder value, in line with its broader corporate objectives.

This disclosure by Autoliv is in compliance with the Swedish Financial Instruments Trading Act, highlighting the company's adherence to regulatory requirements and its dedication to transparency. The information was made public on June 30, 2025, at 08:00 CET, through the designated contact persons, ensuring timely and accurate communication to the market and its stakeholders.

Autoliv's role as a pioneer in automotive safety systems is well-documented, with its products saving approximately 37,000 lives and reducing around 600,000 injuries in 2024 alone. With operations in 25 countries and a workforce of 65,000 employees, the company continues to drive innovation in mobility safety solutions. The retirement of repurchased shares is a testament to Autoliv's strategic financial planning and its unwavering focus on delivering value to its shareholders while advancing its mission of Saving More Lives.