Faroe to ramp up exploration, pursue M&A opportunities as profits appear
Faroe Petroleum will participate in seven wells by the end of next year as the North Sea oil firm "ramps up" exploration activity.
Faroe Petroleum
Faroe to drill Rungne exploration well
Aberdeen-headquartered Faroe Petroleum has been granted permission to drill an exploration well at the Rungne prospect.
ONS 2018: ‘Large companies’ interested in Faroe’s 200m barrel field
Faroe Petroleum's Edinburgh field could contain upwards of 200 million barrels of oil per day, the firm's boss said yesterday.
ONS 2018: If you want us, buy us at the right price, Faroe chief says
Faroe Petroleum’s boss has said “anyone is welcome” to buy the company “at the right price” amid a battle for boardroom control.
DNO withdraws request for seats on Faroe board, criticises ‘hostile response’
Oslo-listed DNO has withdrawn a request for a meeting to gain seats on Aberdeen-based Faroe Petroleum’s board, criticising the firm’s “increasingly hostile response”.
Azinor’s Agar-Plantain wells up next for Transocean Leader
Azinor Catalyst said today that the Transocean Leader rig had been mobilised for its North Sea drilling campaign.
DNO calls for seats on Faroe board
Norwegian oil and gas operator DNO said today that it would ask for seats on the board of Aberdeen-headquartered firm Faroe Petroleum.
Faroe says partners putting in the hard yards to boost future production
Faroe Petroleum said today that work carried out on oil fields in the first half of 2018 will stand the company in good stead, despite a short term drop in production.
90m barrel Fogelberg field lined up for development
Spirit Energy is preparing to develop the Fogelberg discovery after an appraisal well showed it contains between 40-90 million barrels of oil equivalent.
Faroe making ‘considerable progress’ on exploration targets
Faroe Petroleum’s chairman said today that the Aberdeen-based oil explorer was in a “very strong position” ahead of its annual general meeting today.
Faroe hires investment banker as non-exec director
Faroe Petroleum has hired investment banker Katherine Roe as an independent non-executive director.
Faroe books Transocean rig to drill Brasse East well
Faroe Petroleum said it expects to drill the Brasse East well later this year after agreeing to book a rig.
Faroe completes £50m Fenja stake sale
Faroe Petroleum said today that it had completed the sale of its 17.5% working interest in the Fenja field in the Norwegian Sea.
Faroe CEO’s pay package swells to over £1million
Faroe Petroleum’s CEO Graham Stewart saw his total pay package swell to over £1million last year.
Faroe announces record production at Tambar with two new wells
Aberdeen-based Faroe Petroleum has announced two development wells at its Norwegian North Sea Tambar field have started production.
DNO further increases stake in Faroe Petroleum to 28.7%
Norwegian oil operator DNO has further boosted its stake in Aberdeen-based Faroe Petroleum.
Faroe announces significant gas discoveries in Norwegian Sea
Aberdeen-based Faroe Petroleum has announced “significant” gas discoveries in the Norwegian Sea.
Faroe hunt for oil deals could see it double size due to market conditions
Faroe Petroleum Plc is hunting for offshore oil and gas assets in Norway and the U.K., with an appetite that could equal the current size of the company itself -- about $550 million.
Updated: Faroe shares lift as firm nets £39m from sale of Fenja stake
Faroe Petroleum has boosted its balance sheet after selling part of a Norwegian Sea field.
Exploration drill under way on Aerosmith well
Aberdeen-based Faroe Petroleum said today that exploration drilling had started on one of its interests in the Norwegian Sea.
Faroe Petroleum mulls £75m bond issue
Aberdeen-based oil firm Faroe Petroleum has authorised advisors to arrange investor meetings with a view to issuing a £75million, five-year unsecured bond.
Tambar field drilling campaign up and running, Faroe says
Aberdeen-based Faroe Petroleum said today that a drilling campaign to raise production from the Tambar field is under way.
Faroe says North Sea acquisitions market ‘hotting up’
Faroe Petroleum's boss said yesterday that the North Sea mergers and acquisitions market is “hotting up” as players become more “impatient”.
Faroe Petroleum posts strong results, after financial U-turn
Faroe Petroleum reported a strong financial performance for the first half of the year.
Faroe spuds well in cradle of “giant oil fields”
Faroe Petroleum has spud its latest exploration well in the "prolific" Tampen area.