Overview page containing news articles

Faroe Petroleum

List of the highlighted articles

Posted: about 1 year ago

DNO in capex boost. Earmarks $190M for North Sea ops

Oil and gas company DNO focused on Kurdistan, and as of recently on the North Sea after buying Faroe...

Posted: about 1 year ago
Posted: about 1 year ago

Faroe, Shell, Spirit form partnership to drill Edinburgh prospect

Faroe Petroleum has made a partnership with Shell and Spirit Energy following the award of PL 969 in...

Posted: about 1 year ago
Posted: about 1 year ago

Faroe directors resign as DNO takeover imminent

Faroe Petroleum’s executive directors have given notice of resignation amid DNO’s immine...

Categories:
  • Business & Finance
Posted: about 1 year ago
Posted: about 1 year ago

Faroe to revise Brasse field reserves estimate as drilling results in

Faroe Petroleum, soon to be taken over by Norway’s DNO, has shared final results of the Brasse...

Posted: about 1 year ago
Posted: about 1 year ago

‘Faroe had a good run. The baton now passes to DNO’

Norwegian oil company DNO is taking over Faroe Petroleum. ...

Categories:
  • Business & Finance
Posted: about 1 year ago
Posted: about 1 year ago

Faroe Petroleum board bows down to DNO. Tells shareholders to accept takeover offer

After weeks of resisting the hostile takeover push by the Norwegian oil company DNO, Faroe Petroleum...

Categories:
  • Business & Finance
Posted: about 1 year ago
Posted: about 1 year ago

DNO lifts takeover offer for Faroe Petroleum to 160p a share

Norway’s DNO has increased its takeover offer for Faroe Petroleum. The company which in November lau...

Categories:
  • Business & Finance
Posted: about 1 year ago
Posted: about 1 year ago

DNO slams Faroe’s ‘glossy’ report amid Oda field reserves downgrade

Norway’s DNO is not letting off Faroe Petroleum’s management, this time criticizing its ...

Categories:
  • Business & Finance
Posted: about 1 year ago
Posted: about 1 year ago

“Don’t sell!” – Faroe tells shareholders to wait for better offer

Faroe Petroleum, a target of DNO’s hostile takeover bid of 152p a share, has once again urged shareh...

Categories:
  • Business & Finance
Posted: about 1 year ago
Posted: about 1 year ago

DNO extends 152p bid deadline for Faroe. We’re worth more, Faroe board says

Oil company DNO has extended the deadline for Faroe Petroleum shareholders to accept its 152 pence a...

Categories:
  • Business & Finance
Posted: about 1 year ago
Posted: about 1 year ago

Faroe: Mixed results from Brasse wells

Faroe Petroleum has failed to find hydrocarbons at its Brasse East exploration well in the North Sea...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Faroe tells shareholders to ignore takeover bid: “DNO wants it on the cheap.”

Oil company Faroe Petroleum has again urged shareholders to ignore the unsolicited takeover offer by...

Categories:
  • Business & Finance
Posted: about 1 year ago
Posted: about 1 year ago

DNO presents takeover bid to Faroe shareholders

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

Posted: about 1 year ago
Posted: about 1 year ago

Spirit Energy spuds Cassidy well offshore Norway

Spirit Energy has started drilling the Cassidy exploration well in the Norwegian sector of the North...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Equinor, Faroe swap Norwegian assets

Equinor and Faroe Petroleum have agreed a number of transactions in the Norwegian Sea and the North ...

Categories:
  • Business & Finance
Posted: about 1 year ago
Posted: over 2 years ago

Faroe Petroleum’s Rungne well disappoints

Faroe Petroleum has failed to find hydrocarbons in the primary target of its Rungne exploration well...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Faroe increases credit facility by $100M to underpin growth plans

Faroe Petroleum has increased and extended the duration of its Reserve Based Lending bank credit fac...

Categories:
  • Business & Finance
Posted: over 2 years ago
Posted: over 2 years ago

Faroe Petroleum spuds Rungne well offshore Norway

Faroe Petroleum has started drilling the Rungne exploration well in the Norwegian sector of the Nort...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Faroe picks up rig safety consent for Brasse East well

Faroe Petroleum has received consent from the PSA for exploration drilling in the North Sea using th...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Faroe: DNO’s request for new directors would be ‘soundly defeated’

Faroe Petroleum has stated that the request by DNO to appoint two of its directors to the Faroe boar...

Posted: over 2 years ago
Posted: over 2 years ago

Azinor Catalyst spuds Agar Platain well in North Sea

Azinor Catalyst started drilling the 9/14a-16 well on the Agar Plantain Prospect on August 24, 2018,...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

DNO backs off with Faroe board appointment request due to “hostile” response

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

Categories:
  • Business & Finance
Posted: over 2 years ago
Posted: over 2 years ago

Faroe cries foul as DNO attempts to squeeze in two directors

Faroe Petroleum has recommended that shareholders vote against the appointment of two directors sugg...

Categories:
  • Business & Finance
Posted: over 2 years ago
Posted: over 2 years ago

Faroe in Agar/Plantain farm-in. Targets two oil prospects

Faroe Petroleum has farmed into the UK Continental Shelf Agar/Plantain exploration and appraisal wel...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Faroe plans Rungne spud for September. Targets 70 mmboe

Faroe Petroleum is preparing to spud its Rungne exploration well in the North Sea, offshore Norway. ...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 years ago

Faroe Petroleum appoints new independent non-executive director

Oil and gas company Faroe Petroleum has appointed a new independent non-executive director to its bo...

Categories:
  • Business & Finance
Posted: over 2 years ago