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RAK Petroleum

Norwegian energy giant DNO closes RAK Petroleum deal

DNO ASA, a Norwegian oil and gas operator focused on Middle East and the North Sea, has completed the acquisition of Mondoil Enterprises from UAE-based RAK Petroleum.   With the transaction, DNO ASA now

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Norwegian energy giant DNO closes RAK Petroleum deal

DNO ASA, a Norwegian oil and gas operator focused on Middle East and the North Sea, has completed the acquisition of Mondoil Enterprises from UAE-based RAK Petroleum.   With the transaction, DNO ASA now

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DNO in $117.25m deal to buy Mondoil from RAK Petroleum

DNO ASA, the Norwegian oil and gas operator, has entered into a $117.25 million transaction agreement pursuant to which RAK Petroleum will transfer its ownership of Mondoil Enterprises to DNO.   

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DNO in $117.25m deal to buy Mondoil from RAK Petroleum

DNO ASA, the Norwegian oil and gas operator, has entered into a $117.25 million transaction agreement pursuant to which RAK Petroleum will transfer its ownership of Mondoil Enterprises to DNO.   

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RAK Petroleum announces key changes in share capital

RAK Petroleum, the Oslo-listed oil and gas investment company, has announced that  36,000 Restricted Class A Shares have been re-designated as Class A Shares and 36,000 Class B Shares, representing 72,000 votes, have been transferred to t

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RAK Petroleum announces key changes in share capital

RAK Petroleum, the Oslo-listed oil and gas investment company, has announced that  36,000 Restricted Class A Shares have been re-designated as Class A Shares and 36,000 Class B Shares, representing 72,000 votes, have been transferred to t

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RAK Petroleum posts $101.4m net loss in H1

RAK Petroleum, an Oslo-listed oil and gas investment company, has reported a net loss of $101.4 million for the first half (H1) of 2020as against a net profit of $123.8 million during H1 2019. The company’s revenues reached

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DNO completes Iraq well testing, announces budget cuts

UAE-linked Norwegian oil and gas operator DNO has announced completion of testing and appraisal of the Baeshiqa-2 exploration well in the Kurdistan Region of Iraq.   The testing has proven oil and gas in three se

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RAK Petroleum postpones release of 2019 results

Oslo-listed RAK Petroleum,  a leading oil and gas investment company, said that it will delay the publication of its 2019 annual report and accounts, which were scheduled to be released on March 31. The release has been postp

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RAK Petroleum posts $65.7m H1 net income

RAK Petroleum, the Oslo-listed oil and gas investment company, has announced a consolidated net comprehensive income of $65.7 million for the half-year to 30th June, 2019, compared to $166.4 million for 2018. RAK Petroleum’s

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