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DNO ASA
DNO ASA ( OSE: DNO) is a Norwegian oil and gas operator focused on the Middle East and the North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom and Yemen. About DNO DNO is Norway's oldest oil company and the first to list on the Oslo Stock Exchange in 1981. During the last two decades, the company's focus has shifted from the North Sea to the Middle East region. In 2004, DNO was the first international oil company to enter the Kurdistan region of Iraq, at a time when the Kurdish region's oil industry was virtually non-existent. The company began production from its flagship Tawke oil field in Kurdistan in 2007 – just two years after the start of exploration activities. The neighboring Peshkabir field was brought on production in 2018. DNO is now the leading international operator in Ku ...
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Allmennaksjeselskap
is the Norway, Norwegian term for a stock-based company. It is usually abbreviated AS, historically often written as A/S. An AS is always a limited company, i.e. the owners cannot be held Legal liability, liable for any debt beyond the stock capital. Public company, Public companies are called (ASA), while companies without limited liability are called (ANS). All AS companies must have a stock capital of at least Norwegian krone, NOK 30,000. In addition, they must have a board of directors, depending on the size of turnover, balance sheet total or number of employees, an auditor. They may appoint a chief executive officer, managing director (MD) or chief executive (CEO). If the company has assets exceeding NOK 3 million, the board must have at least three members and cannot be chairman, chaired by the MD/CEO. Practically all Norwegian companies have a fiscal year from January to December, but some foreign subsidiary, subsidiaries may have a different fiscal year, as is allow ...
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Kurdistan
Kurdistan (, ; ), or Greater Kurdistan, is a roughly defined geo- cultural region in West Asia wherein the Kurds form a prominent majority population and the Kurdish culture, languages, and national identity have historically been based. Geographically, Kurdistan roughly encompasses the northwestern Zagros and the eastern Taurus mountain ranges. Kurdistan generally comprises the following four regions: southeastern Turkey ( Northern Kurdistan), northern Iraq ( Southern Kurdistan), northwestern Iran ( Eastern Kurdistan), and northern Syria ( Western Kurdistan). Some definitions also include parts of southern Transcaucasia. Certain Kurdish nationalist organizations seek to create an independent nation state consisting of some or all of these areas with a Kurdish majority, while others campaign for greater autonomy within the existing national boundaries. The delineation of the region remains disputed and varied, with some maps greatly exaggerating its boundaries. Histori ...
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Energy Companies Established In 1971
Energy () is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, the internal energy contained within a thermodynamic system, and rest energy associated with an object's rest mass. These are not mutually exclusive. All living organisms constantly take in and release energy. The Earth's climate and ecosystems processes are driven primaril ...
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Companies Listed On The Oslo Stock Exchange
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ...
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Non-renewable Resource Companies Established In 1971
A non-renewable resource (also called a finite resource) is a natural resource that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption. An example is carbon-based fossil fuels. The original organic matter, with the aid of heat and pressure, becomes a fuel such as oil or gas. Earth minerals and metal ores, fossil fuels (coal, petroleum, natural gas) and groundwater in certain aquifers are all considered non-renewable resources, though individual elements are always conserved (except in nuclear reactions, nuclear decay or atmospheric escape). Conversely, resources such as timber (when harvested sustainably) and wind (used to power energy conversion systems) are considered renewable resources, largely because their localized replenishment can also occur within human lifespans. Earth minerals and metal ores Earth minerals and metal ores are examples of non-renewable resources. The metals themselves are present in vast amounts in E ...
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Oil Companies Of Norway
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) and lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from -4; we might wonder whether there's a point at which it's appro ...
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OECD Guidelines For Multinational Enterprises
The OECD Guidelines for Multinational Enterprises on Responsible Business Conduct are recommendations on responsible business conduct addressed by governments to multinational enterprises operating in or from the 52 adhering countries. The Guidelines provide non-binding principles and standards for responsible business conduct in a global context that are consistent with applicable laws and internationally recognised standards. The Guidelines are an annex of the Declaration on International Investment and Multinational Enterprises. The Guidelines are legally non-binding, but the OECD Investment Committee and its Working Party on Responsible Business Conduct encourage implementation among adherents. The most concrete manifestation of government commitment to the principles set forth in the Guidelines are the National Contact Points (NCPs), which are offices charged with promoting observance of the Guidelines by multinational enterprises. Each of the 51 adhering countries are requir ...
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Barents Sea
The Barents Sea ( , also ; , ; ) is a marginal sea of the Arctic Ocean, located off the northern coasts of Norway and Russia and divided between Norwegian and Russian territorial waters.World Wildlife Fund, 2008. It was known earlier among Russians as the Northern Sea, Pomorsky Sea or Murman Sea ("Norse Sea"); the current name of the sea is after the historical Netherlands, Dutch navigator Willem Barentsz. The Barents Sea is a rather shallow Continental shelf, shelf sea with an average depth of , and it is an important site for both fishing and hydrocarbon exploration.O. G. Austvik, 2006. It is bordered by the Kola Peninsula to the south, the shelf edge towards the Norwegian Sea to the west, the archipelagos of Svalbard to the northwest, Franz Josef Land to the northeast and Novaya Zemlya to the east. The islands of Novaya Zemlya, an extension of the northern end of the Ural Mountains, separate the Barents Sea from the Kara Sea. Although part of the Arctic Ocean, the Barents Sea ...
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Norwegian Sea
The Norwegian Sea (; ; ) is a marginal sea, grouped with either the Atlantic Ocean or the Arctic Ocean, northwest of Norway between the North Sea and the Greenland Sea, adjoining the Barents Sea to the northeast. In the southwest, it is separated from the Atlantic Ocean by a submarine ridge running between Iceland and the Faroe Islands. To the north, the Jan Mayen Ridge separates it from the Greenland Sea. Unlike many other seas, most of the bottom of the Norwegian Sea is not part of a continental shelf and therefore lies at a great depth of about two kilometres on average. Rich deposits of oil and natural gas are found under the sea bottom and are being explored commercially, in the areas with sea depths of up to about one kilometre. The coastal zones are rich in fish that visit the Norwegian Sea from the North Atlantic or Barents Sea (cod) for spawning. The warm North Atlantic Current ensures relatively stable and high water temperatures, so that unlike the Arctic seas, the No ...
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Iraq
Iraq, officially the Republic of Iraq, is a country in West Asia. It is bordered by Saudi Arabia to Iraq–Saudi Arabia border, the south, Turkey to Iraq–Turkey border, the north, Iran to Iran–Iraq border, the east, the Persian Gulf and Kuwait to the Iraq–Kuwait border, southeast, Jordan to Iraq–Jordan border, the southwest, and Syria to Iraq–Syria border, the west. The country covers an area of and has Demographics of Iraq, a population of over 46 million, making it the List of countries by area, 58th largest country by area and the List of countries by population, 31st most populous in the world. Baghdad, home to over 8 million people, is the capital city and the List of largest cities of Iraq, largest in the country. Starting in the 6th millennium BC, the fertile plains between Iraq's Tigris and Euphrates rivers, referred to as Mesopotamia, fostered the rise of early cities, civilisations, and empires including Sumer, Akkadian Empire, Akkad, and Assyria. Known ...
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North Sea
The North Sea lies between Great Britain, Denmark, Norway, Germany, the Netherlands, Belgium, and France. A sea on the European continental shelf, it connects to the Atlantic Ocean through the English Channel in the south and the Norwegian Sea in the north. It is more than long and wide, covering . It hosts key north European shipping lanes and is a major fishery. The coast is a popular destination for recreation and tourism in bordering countries, and a rich source of energy resources, including wind energy, wind and wave power. The North Sea has featured prominently in geopolitical and military affairs, particularly in Northern Europe, from the Middle Ages to the modern era. It was also important globally through the power northern Europeans projected worldwide during much of the Middle Ages and into the modern era. The North Sea was the centre of the Viking Age, Vikings' rise. The Hanseatic League, the Dutch Golden Age, Dutch Republic, and Kingdom of Great Britain, Brita ...
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Oslo
Oslo ( or ; ) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of 1,064,235 in 2022, and the metropolitan area had an estimated population of in 2021. During the Viking Age, the area was part of Viken. Oslo was founded as a city at the end of the Viking Age in 1040 under the name Ánslo, and established as a ''kaupstad'' or trading place in 1048 by Harald Hardrada. The city was elevated to a bishopric in 1070 and a capital under Haakon V of Norway around the year 1300. Personal unions with Denmark from 1397 to 1523 and again from 1536 to 1814 reduced its influence. After being destroyed by a fire in 1624, during the reign of King Christian IV, a new city was built closer to Akershus Fortress and named Christiania in honour of the king. It became a municipality ('' formannskapsdistrikt'') on 1 January 1838. ...
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