REGIONAL/SAUDI ARABIA/YEMEN

 

Saudi Litigation Leads DNO To Cancel Calvalley Purchase

Norwegian Mideast-focused independent DNO has announced its intention not to make an offer to acquire Canada’s Yemen-focused Calvalley Petroleum, formally bringing to a close DNO’s interest in the firm. This comes only six weeks after DNO had initially made a C$215mn ($210.8mn) offer for Calvalley, which it considered to be “a perfect fit,” and in line...