DNO makes offer for Kurdish rival, Gulf Keystone

DNO makes offer for Kurdish rival, Gulf Keystone Oslo, Norway (UPI) Jul 29, 2016 - DNO, a Norwegian oil and gas company with strong Iraqi assets, said Friday it made a $300 million bid for Gulf Keystone Petroleum, which is restructuring debt. DNO said it was offering 40 percent of the full offer in cash, which it said would give investors in Gulf Keystone Petroleum an early out. In mid-July, Gulf Keystone's Chairman Andrew Simon stepped down, opening the door for non- ... more

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