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 185 million. The agreemen...
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 field. Two rigs, the “DQE-51” and the DNO-owned “Si...
TGS Awarded Streamer 4D Contract Offshore Brazil OSLO, Norway (11 December 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce the award of a streamer 4D contract in the Campos basin, offshore Brazil. A Ramform vessel is scheduled to mobilize for the survey in the second half of 2026, with the contract expected to last approximately 75 days. Kristian Johansen, CEO of TGS, commented, "We are very pleased to secure this 4D streamer contract for an independent energy company in Brazil. By leveraging our purpose-built Ramform designed vessel, equipped wit...
Scatec starts commercial operation at Mmadinare phase 2 in Botswana Oslo/Cape Town, 10 December 2025: Scatec ASA, a leading renewable energy provider, has started commercial operation of the second 60 MW phase of the 120 MW Mmadinare Solar Cluster in Botswana. The Mmadinare Solar Cluster is Scatec’s first project portfolio in Botswana, where the first phase has been operational since March this year. The power plant will generate predictable revenues from a 25-year power purchase agreement (PPA) with Botswana Power Corporation, the national utility. Scatec owns 100% of the project portfol...
Scatec signs equity partnership agreements for Obelisk in Egypt Oslo/Cairo, 08 December: Scatec ASA, a leading renewable energy solutions provider, has signed shareholder agreements with Norfund, the Norwegian investment fund for developing countries and EDF power solutions, an international energy player which develops, builds and operates renewable and low-carbon energy production facilities, for an equity partnership in Scatec’s 1.1GW solar and 100MW/200MWh battery storage hybrid project, Obelisk in Egypt. “We are very pleased to continue our valuable collaborations with Norfund and ED...
Scatec starts commercial operation at Grootfontein solar power plant in South Africa Oslo/Cape Town, 06 December 2025: Scatec ASA, a leading renewable energy provider, has started commercial operation of the 273 MW Grootfontein solar power plant in South Africa, which will generate predictable revenues from a 20-year power purchase agreement (PPA). “We are proud to commence commercial operations at Grootfontein, reinforcing our strong track record in South Africa. This project builds on our commitment to deliver clean, reliable energy while creating long-term value for local communities an...
A director at Panoro Energy ASA maiden bought 70,000 shares at 19.014NOK and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ye...
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