Oil above US$100, fresh US tariffs on Singapore exports and rising geopolitical risk have pushed energy security back into focus. Investors are again weighing who might benefit from tighter supply chains and who could face higher costs or trade friction. This article walks through how that backdrop links to the Global Energy and Oil Producers screener and highlights 3 stocks exposed to these headlines that may merit a closer look.

The three stocks below are just a starting sample, as the full screen surfaced 41 more Global Energy and Oil Producers with equally compelling narratives that are not covered here. If you want to go straight to the source and identify your own ideas, head into the Global Energy and Oil Producers screener to filter and analyze the full universe of candidates.

DNO (OB:DNO)

Overview: DNO is an Oslo based oil and gas producer focused on upstream exploration and production in the Middle East and the North Sea, giving investors direct exposure to crude price moves and disruption risk in key energy regions. The company operates major fields in Kurdistan and holds a large portfolio of offshore licenses in Norway and the wider North Sea.

Operations: DNO generates essentially all of its US$2.4 billion in revenue from oil and gas activities, with around US$2.3 billion from the North Sea and about US$140 million from Kurdistan.

Market Cap: NOK17.8 billion

DNO provides pure upstream exposure at a time when oil above US$100 and geopolitical flashpoints keep energy security at the forefront. North Sea production and the Sval Energi deal have contributed to recent earnings, while a high single digit dividend yield and improving profitability metrics indicate cash generation if current conditions hold. The risks include geopolitical and payment risk in Kurdistan, higher leverage following acquisitions and long term decarbonisation pressure on oil producers. For investors who accept that trade off, DNO represents a concentrated play on supply disruptions and tight crude markets, with recent portfolio moves and potential Kurdistan developments adding context that headline numbers alone do not show.

DNO’s pure upstream profile and high single digit yield can look straightforward, yet the real story lies in how its cash generation and geopolitical exposure fit together. Get the 4 key rewards and 1 important warning sign

Build your own high-yield energy shortlist

DNO and the two other stocks in this article all came from a single screen, and you can run the same kind of search in our flexible Screener to blend filters across valuation, growth, balance sheet strength, risks and dividends. Or, if you prefer ready made themes, you can start with any of our curated Investing Ideas.

Northern Oil and Gas (NOG)

Overview: Northern Oil and Gas is an independent US exploration and production company that acquires and develops oil and natural gas wells, giving investors direct exposure to upstream volumes at a time when energy security and higher crude prices are front of mind. Its non operated model lets it participate in multiple US basins through minority interests in producing assets rather than running the wells itself.

Operations: Northern Oil and Gas generates about US$2.0b in revenue from oil and gas exploration and production, all from within the United States.

Market Cap: US$2.9b

Northern Oil and Gas is structured for investors who want pure upstream exposure without leaving the US. The company relies on a non operated model, long lived assets and acquisition led growth to convert higher oil and gas prices into cash flow. Recent Duvernay expansion and record Q2 2026 production highlight the scale of opportunity management associates with this approach. At the same time, a high dividend, share buybacks and new 7.500% senior notes indicate that capital returns and leverage now sit in a delicate balance. For anyone interested in Global Energy and Oil Producers, the central question is how comfortable you are with that trade off between acquisition driven growth, commodity sensitivity and a funding structure that now has increased importance.

Northern Oil and Gas turns higher crude and acquisition heavy growth into dividends, buybacks and fresh 7.500% notes. See how that balance looks in the latest 3 key rewards and 2 important warning signs (2 are major!)

BlueNord (OB:BNOR)

Overview: BlueNord is an Oslo based oil and gas producer that develops and operates fields such as the Dan, Halfdan, Gorm and Tyra hubs on the Danish continental shelf, giving you direct upstream exposure to global energy prices within an energy transition story. The company focuses on producing hydrocarbons while investing in infrastructure that is intended to support reliable supply as governments and industries work towards net zero goals.

Operations: BlueNord generates about US$1.1 billion in revenue from Oil & Gas exploration and production.

Market Cap: NOK14.2 billion

BlueNord is squarely aligned with the Global Energy and Oil Producers theme because it offers pure upstream production tied to hubs like Tyra at a time when energy security and oil above US$100 keep producers in focus. Recent updates show solid production around the Tyra hub and sizeable dividends, while management comments highlight how higher prices flow through to shareholder returns when hedging structures allow upside participation. At the same time, high debt, heavy reliance on external funding and a very high dividend payout introduce questions about how robust cash returns can be if commodity prices soften or operations face interruptions. For investors who want direct exposure to upstream volumes with an energy transition angle, the full story around BlueNord’s merger plans, dividend policy and balance sheet deserves close attention beyond the headlines.

BlueNord’s high dividends and heavy funding needs can look like a simple income story. The real question is how that balance holds up as operations and prices shift, which the 3 key rewards and 2 important warning signs (1 is major!)

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.