Search results for: dno

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  • 16 August 2018
    Business & Finance

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

  • 4 January 2019
    Business & Finance

    Faroe Petroleum, a target of DNO’s hostile takeover bid of 152p a share, has once again urged shareholders not to consider DNO’s ‘opportunistic’ offer, as they’d lose an opportunity to benefit from any potential increase in the offer.

  • 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.

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    DNO ASA has withdrawn its request for a shareholders meeting of Faroe in which it holds a 28.23 percent stake.

  • 14 January 2019
    Business & Finance

    Faroe Petroleum’s executive directors have given notice of resignation amid DNO’s imminent full takeover over the North Sea oil and gas player.

  • 9 January 2019
    Business & Finance

    After weeks of resisting the hostile takeover push by the Norwegian oil company DNO, Faroe Petroleum’s board has finally bowed down and told shareholders to accept DNO’s increased offer of 160 pence a share.

  • 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.

  • 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 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.

  • 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

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

  • 10 January 2019
    Business & Finance

    Norwegian oil company DNO is taking over Faroe Petroleum.

  • 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.

  • 4 July 2011
    Business & Finance

    RAK Petroleum Public Company Limited, (RAK Petroleum), the oil and gas exploration and production company, and Norway’s DNO International ASA (DNO) and have signed a heads of agreement to merge RAK Petroleum’s Middle East and North Africa (MENA) operating subsidiaries into DNO in exchange for DNO shares to be issued to RAK Petroleum. The consideration […]

  • 7 November 2016
    Business & Finance

    DNO, a Norwegian oil and gas operator focused on the Middle East and North Africa, has awarded a two-year upstream services contract to SGS, an inspection, verification, testing and certification company. As a result, SGS will provide a range of electric line and slickline services for DNO’s offshore rigs and rig-less operations in the Persian Gulf region. According to […]

  • 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.

  • 16 April 2018
    Business & Finance

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

  • 5 September 2011
    Business & Finance

    RAK Petroleum Public Company Limited, the oil and gas exploration and production company, today announced that following completion of due diligence and agreement on relative valuations, the Boards of Directors of DNO International ASA and RAK Petroleum PCL signed definitive documents on 3 September to merge RAK Petroleum’s oil and gas operating companies into DNO […]

  • 4 May 2017

    DNO, a Norwegian oil and gas operator focused on the Middle East and North Africa, has acquired Origo Exploration, a privately-held oil and gas exploration company with a focus on offshore Norway and the United Kingdom. DNO said on Thursday that the company would pick up stakes in 11 exploration and appraisal licenses in the […]

  • 29 June 2017

    DNO ASA, the Norwegian oil and gas operator,  has completed the the acquisition of Origo Exploration Holding AS, a privately-held oil and gas exploration company with a focus offshore Norway and the United Kingdom. The transaction has been approved by regulatory authorities in both Norway and the United Kingdom. Rebranded DNO Norge AS, the company […]

  • 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.

  • 7 January 2019

    Norwegian oil and gas operator DNO has relinquished operatorship and participation in Block 8 offshore Oman.