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DNO ASA ( (GB:0MHP) ) just unveiled an announcement.
DNO ASA has signed agreements to place its North Sea oil production with subsidiaries of Exxon Mobil and Shell effective January 1, 2026. These agreements provide flexible and attractive financing facilities totaling up to USD 410 million, aiding operational growth amid uncertain markets. The move complements its earlier gas offtake deal with ENGIE SA and underscores DNO’s strategic positioning in the oil and gas industry, with financing facilities now totaling USD 910 million tied to its North Sea outputs.
The most recent analyst rating on (GB:0MHP) stock is a Sell with a NOK11.30 price target. To see the full list of analyst forecasts on DNO ASA stock, see the GB:0MHP Stock Forecast page.
More about DNO ASA
DNO ASA is a Norwegian oil and gas operator with activities in the Middle East, the North Sea, and West Africa. Established in 1971, it is the oldest oil company in Norway and the first to list on the Oslo Stock Exchange. The company has interests in both onshore and offshore exploration, development, and production across regions including Iraq, Norway, the UK, Côte d’Ivoire, and Yemen.
Average Trading Volume: 2,506,967
Current Market Cap: NOK14.37B
See more insights into 0MHP stock on TipRanks’ Stock Analysis page.