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OSLO (Reuters) -Norwegian oil company DNO has agreed to buy rival Sval Energi from private equity group HitecVision in a deal ...

The deal is expected to boost DNO’s North Sea production to 80,000 boe/d and offers the operator interests in hubs and existing tiebacks for potential development of recent discoveries.

The Sval Energi assets are complementary to DNO's North Sea portfolio and will add scale and diversification to the company, it said. DNO ASA is acquiring 100 percent of the shares of Sval Energi ...

DNO reported a net loss of $98.4 million for the fourth quarter of 2024, mainly driven by an impairment from an Iraqi license and depreciation of North Sea assets. Image by William_Potter via ...

DNO, a Norwegian oil and gas operator, has announced the signing of an agreement to acquire all shares of Sval Energi Group from HitecVision for an enterprise value of $1.6bn (Nkr17.24bn).