Search results for: Faroe

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A list of search results

  • 27 November 2018
    Business & Finance

    Following an unsolicited takeover offer launched by DNO, oil company Faroe Petroleum has said that DNO’s opportunistic offer undervalues the company and fails to value Faroe’s prospects as an independent business, urging its shareholders to reject it.

  • 5 December 2018

    DNO is questioning the value of Faroe’s Norwegian asset swap deal with Equinor amid recent hostile takeover attempt it had launched for Faroe. 

  • 10 January 2019
    Business & Finance

    Norwegian oil company DNO is taking over Faroe Petroleum.

  • 8 January 2019
    Business & Finance

    Norway’s DNO is not letting off Faroe Petroleum’s management, this time criticizing its target company’s recent ‘glossy’ resource report following Norwegian authorities downgrade of the estimated reserves of the Oda offshore field in which Faroe owns a share.

  • 3 January 2019
    Business & Finance

    Oil company DNO has extended the deadline for Faroe Petroleum shareholders to accept its 152 pence a share takeover bid, giving them time until mid-January. DNO said on Thursday it had increased its holding to 30 percent of Faroe’s shares. It said its 152 pence offer for each Faroe share was now a mandatory offer […]

  • 21 December 2018
    Business & Finance

    Norwegian oil and gas operator DNO ASA has increased its stake in oil and gas explorer Faroe Petroleum despite the latter’s objections to the former’s hostile takeover bid.  Before the latest acquisition announced on Thursday, DNO owned a 28.22 percent in Faroe Petroleum. In a statement on Thursday DNO said it had acquired 6,246,152 shares in […]

  • 28 December 2018
    Business & Finance

    The saga between DNO and Faroe continues as DNO threatens to abandon the proposed takeover of Faroe and Faroe orders an independent valuation of its assets.

  • 28 August 2018

    Faroe Petroleum has stated that the request by DNO to appoint two of its directors to the Faroe board would be shot down even if the general meeting was held.

  • 9 January 2019
    Business & Finance

    Norway’s DNO has increased its takeover offer for Faroe Petroleum. The company which in November launched a hostile takeover bid of 152 pence a share, on Tuesday said the new and final offer was 160 pence in cash for each Faroe Share it didn’t already own.

  • 5 April 2018
    Business & Finance

    Norwegian oil and gas operator DNO ASA has increased its stake in UK-based Faroe Petroleum to 27.68 percent. 

  • 16 August 2018
    Business & Finance

    Faroe Petroleum has recommended that shareholders vote against the appointment of two directors suggested by shareholder DNO ASA.

  • 12 December 2018

    Oslo-listed DNO ASA is adamant in its intention to fully take over Faroe Petroleum, despite the Faroe board being against it.

  • 27 August 2018
    Business & Finance

    DNO ASA has withdrawn its request for a shareholders meeting of Faroe in which it holds a 28.23 percent stake.

  • 26 November 2018
    Business & Finance

    Norwegian oil and gas operator DNO has launched a takeover bid for Faroe Petroleum, an oil company focused on the North Sea oil and gas exploration and production.

  • 12 December 2018
    Business & Finance

    Oil company Faroe Petroleum has again urged shareholders to ignore the unsolicited takeover offer by DNO, saying the 152p a share offer was opportunistic and undervaluing Faroe.

  • 28 September 2012
    Business & Finance, Project & Tenders

    Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that it has contracted the West Navigator drillship to drill the Faroe operated Novus prospect in Norway in the second half of 2013. This licence is located to the […]

  • 8 December 2011

    AVEVA, a leader in engineering design and information management solutions for the plant, power and marine industries, and FARO, a leader in high precision laser scanning and 3D Documentation Technology, have signed an Interoperability Agreement. Under the terms of this agreement AVEVA and FARO will co-operate closely to provide an efficient integration between FARO’s laser […]

  • 1 March 2011
    Business & Finance

      Statoil and ExxonMobil have agreed to explore three Faroese offshore licenses jointly. ExxonMobil Exploration & Production Faroe Islands Limited will acquire 50% interest in Licenses 009 and 011 and 49% interest in License 006, where Atlantic Petroleum is a minority owner with 1% interest. Statoil Faroes AS will retain 50% interest and operatorship in […]

  • 24 May 2016
    Exploration & Production, Project & Tenders

    Faroe Petroleum, the independent oil and gas company focusing activities in Norway and the UK, has started drilling the Brasse exploration well 31/7-1 in the Norwegian North Sea. The Brasse prospect, operated by Faroe with 50% interest, is located immediately south of the producing Brage oil field (Faroe 14.3%) and, if successful, could be tied-back to the […]

  • 28 October 2015

    The United States Naval Ship (USNS) Apache has concluded the first phase of the pinger locator search for the cargo ship El Faro on October 26, 2015 and was unable to detect any signs of the sunken vessel. ” The TPL’s ability to detect the El Faro’s pinger may be effected by the orientation of the […]

  • 1 May 2019

    DNO ASA has announced the completion of the asset swap agreement between Equinor and Faroe Petroleum, a wholly- owned subsidiary of DNO, following approval by Norwegian authorities.

  • 28 September 2012
    Business & Finance, Project & Tenders

    Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that it has contracted the West Navigator drillship to drill the Faroe operated Novus prospect in Norway in the second half of 2013. This licence is located to the […]