Norwegian oil and gas company DNO said it’s operations in the Kurdish region of northern Iraq were proceeding as normal. Photo courtesy of DNO. Nov. 9 (UPI) — Norwegian oil and gas company DNO said Thursday it was moving full speed ahead in the Kurdish north of Iraq, with operations proceeding without interruption. The company said its operating profit soared in the third quarter and revenues improved year-on-year. Third quarter revenue of $73 million was down 11 percent from the previous term, but 48 percent higher than the same period last year. DNO said third quarter production averaged 115,200 barrels of oil equivalent per day. Kurdish assets represented the clear majority of the company’s portfolio, with output at 110,500 barrels per day during the quarter. The company in September assumed the role of operator after acquiring 50 percent of Exxon Mobil’s stake in the Baeshiqa reserve area, but conceded […]