DNO ASA provided a trading update for the second quarter of 2026 and announced it will publish full operating and interim financial results on 13 August. Net production in the North Sea averaged 84,912 barrels of oil equivalent per day, up from 33,348 a year earlier, while Kurdistan output fell to 273 barrels of oil equivalent per day from 56,070 following a prolonged shutdown. The company restarted limited field operations at the Tawke license in April and initiated production from the Tawke field on 28 June and from Peshkabir on 11 July. DNO also completed a multi-asset swap with Vår Energi ASA, acquiring a five percent stake in the Gjøa field and the Gjøa Nord discovery in exchange for interests in Nova and PL956 plus 17.5 million dollars in cash, and closed the purchase of an additional 3.3 percent interest in the Vega Unit from INPEX Idemitsu Norge AS, raising its holding to 8.8 percent. The Dvalin Nord field started production on 30 June and is expected to deliver 3,000 barrels of oil equivalent per day net to DNO at plateau. The company paid a dividend of 0.375 Norwegian kroner per share, totaling 39.4 million dollars, and made tax payments of 98.3 million dollars in Norway during the quarter.
Dno ASANorth Sea production more than doubled year-over-year, and new fields (Dvalin Nord) started production.
Var Energi ASA NOKDNO swapped assets with Vår Energi, but impact on Vår Energi is not detailed; no clear positive or negative.