Time for a rethink in the Faroes
It’s fifth offshore oil & gas licensing round is likely to be the final throw of the hydrocarbons dice for the Faroe Islands.
Faroe
No sign of deal flow between Norway and Aberdeen letting up
More Norwegian acquisitions of UK oil and gas assets and businesses are on the cards later this year and into 2020, a top Aberdeen accountant has said.
Well-Safe makes breakthrough with major North Sea decommissioning contract
An Aberdeen-headquartered firm has made a huge breakthrough in its mission to become a dominant force in the oil-well decommissioning market.
Parkmead vows to ‘take its own path’ to growth
Parkmead Group boss Tom Cross said yesterday the Aberdeen-based oil firm would “take its own path” to growth as North Sea newcomers battle over assets.
Directors exit Faroe after falling to DNO takeover
Oil firm Faroe Petroleum has announced the departure of five directors, including chief executive Graham Stewart.
Updated: DNO could become ‘more dominant’ North Sea player with Faroe takeover
DNO could become a “more dominant player” in the North Sea with its takeover of Faroe Petroleum, according to an analyst.
Updated: DNO takeover of Faroe ‘effectively sewn up’
Norway's DNO is on track to seize control of Aberdeen-headquartered oil company Faroe Petroleum.
DNO presses Faroe for ‘transparency’ after downgrade
Norwegian firm DNO has urged its takeover target, Faroe Petroleum, to provide "transparent and timely" operations updates.
DNO buys more Faroe shares to keep up the pressure
Norwegian oil firm DNO said today that it had snapped up more equity in takeover target Faroe Petroleum.
Updated: DNO triggers ‘mandatory offer’ in Faroe chase
Norwegian firm DNO said this morning that its offer for Faroe Petroleum's remaining shares had become mandatory after increasing its equity to 30%.
Faroe’s future hangs in balance as DNO offer deadline passes
Faroe Petroleum’s future was hanging in the balance tonight after the deadline passed for a “hostile” takeover offer for the Aberdeen-headquartered oil firm.
DNO threatens to terminate bid for Faroe Petroleum
DNO has threatened to withdraw its bid to acquire Aberdeen-based Faroe Petroleum if a decision is not made by January 2.
Updated: Faroe attempts to sway shareholders on hostile DNO takeover bid
Faroe Petroleum is stepping up efforts to convince shareholders to snub a hostile takeover offer from Norwegian firm DNO.
Updated: Azinor strikes oil at Agar-Plantain
Private-equity backed Azinor Catalyst said today that it had discovered oil at the Agar-Plantain well in the North Sea.
Talks over Faroe service centre for Atlantic Frontier fields
A Faroese delegation has been in Aberdeen last week for discussions with five key oil companies, the Oil and Gas Authority, Oil and Gas UK and at least one major subsea contractor regarding future Atlantic Frontier prospects.
Faroe ‘pleased’ DNO withdraws request for seats on board
Faroe Petroleum has today said it is “pleased” DNO has withdrawn a request seeking seats on its board.
Azinor spuds Agar Plantain exploration well
Azinor Catalyst has announced drilling has started on the Agar/Plantain exploration well in the North Sea.
Faroe to oppose DNO bid to ‘take control of its business’
Faroe Petroleum said it is “very concerned” by actions from Norway’s DNO to “take control of its business".
Faroe farms-in to Agar Plantain well
Faroe Petroleum has farmed in to the Agar Plantain exploration well in the North Sea.
North Sea and Middle East player DNO picks up Iraq production
North Sea and Middle East-focussed operator DNO has announced a two-thirds increase in production from the Peshkabir field in Iraq.
Explorers targeting ‘multiple new discoveries’ following licensing round
Several oil explorers, including Aberdeen’s Faroe Petroleum, have said they are targeting “multiple new discoveries” following the latest North Sea licensing round.
Faroe announces Fenja approval and update on Fogelberg appraisal well
Faroe Petroleum has announced that Norwegian authorities have approved the development plan for the Fenja field.
Faroe should be braced for DNO takeover, says analyst
Faroe Petroleum should be braced for a takeover from Norway’s DNO, according to a leading analyst.
DNO takes 15% stake in Faroe in £70million deal
Norwegian oil and gas operator DNO has purchased a 15% stake in Aberdeen-based Faroe Petroleum.
Faroe posts boost in revenues
Norway-focussed exploration firm Faroe Petroleum posted an increase in revenue in its 2017 results.