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flag Norwegian oil firm DNO buys Sval Energi for $1.6B, boosting North Sea production fourfold.

flag DNO, a Norwegian oil and gas company, will buy Sval Energi for $450 million, increasing its North Sea production fourfold to about 80,000 barrels of oil equivalent per day. flag This will also boost DNO's global production by two-thirds and raise its reserves by 50%. flag The deal, worth $1.6 billion, is expected to complete in mid-2025, pending regulatory approval.

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