Abidjan, Cote d’Ivoire
Norway’s DNO buys into Cote d’Ivoire
DNO is diversifying beyond its usual regions of operation and plans further expansion
Oslo-listed RAK Petroleum has agreed to transfer its 100pc ownership of subsidiary Mondoil Enterprises to Norwegian operator DNO for $117.25mn. Mondoil in turn has a 33pc indirect interest in privately held and Abidjan-based Foxtrot International, which holds stakes in two Cote d’Ivoire blocks, CI-27 and CI-12. Foxtrot International operates Block CI-27 with a 27.27pc interest, and DNO’s indirect interest will equate to 9.09pc. The block contains “the country’s largest reserves of gas”, according to DNO, and its four in-production offshore fields and two fixed platforms together account for three-quarters of domestic gas needs. The four fields comprise Foxtrot—the first to start production i
Also in this section
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
