DNO ASA entered into an offtake agreement with France’s ENGIE SA for DNO’s Norwegian gas production and secured a related offtake financing facility with a major U.S. bank for up to $500 million.
Norwegian oil and gas operator DNO ASA has reached an agreement to acquire 100% of its compatriot and rival Sval Energi Group from European private equity firm HitecVision, the parties announced on Friday.