Sellers’ valuations still making trouble for North Sea deal-makers, Faroe boss says
The boss at Aberdeen-based Faroe Petroleum said sellers’ expectations were still making it difficult to get deals for North Sea assets over the line.
Faroe Petroleum
Faroe in £4m deal for North Sea Blane field
Faroe Petroleum has agreed to buy a near-14% stake in the Blane field in the UK North Sea from Japanese firm JX Nippon for $5.25million (£4million).
Faroe boosts reserve estimates from Brasse after sidetrack well drilled
Aberdeen firm Faroe Petroleum has upgraded reserve estimates for the Brasse field following the drilling of a sidetrack well.
Petrofac says profits to be weighted in the second half of the year
Petrofac this morning confirmed its net profit for the first half the year is expected to be between $135million and $145million.
Faroe eyes major growth phase in UK, Norway
Faroe Petroleum said today it was ready for a major growth phase targeting increased production and "consolidation opportunities" offshore UK and Norway.
No let-up in demand for Deepsea Bergen rig
Wellesley Petroleum has booked Odfjell Drilling’s Deepsea Bergen rig to drilling an exploration well on the Norwegian continental shelf.
Delek boss says firm will become global player
Delek Group boss Asaf Bartfeld said yesterday the UK oil and gas newcomer aimed to continue beefing up its international presence.
CHC wins North Sea helicopter contract with Faroe Petroleum
CHC Helicopters has won a contract to provide flights for Faroe Petroleum’s exploration drilling campaign at the Norwegian North Sea Brasse field.
Parkmead leading efforts to create North Sea mega-hub
Parkmead Group’s boss said yesterday that the Aberdeen firm would stay on the acquisition trail as it leads efforts to create a large North Sea hub.
Delek says international expansion does not stop at Ithaca
Israel’s Delek Group is eyeing new acquisition targets in the North Sea.
Updated: Faroe Petroleum hails “transformational year” with North Sea finds
Faroe Petroleum's chief executive hailed 2016 as a "transformational year" for the firm after landing a string of North Sea finds.
Faroe poised for growth phase after ‘transformational’ 2016
Faroe Petroleum is poised for a major growth spurt after a whirlwind year for the Aberdeen-based oil and gas explorer.
Dana Petroleum bails out of Faroe as Israelis build up their stake in the North Sea
Israel’s Delek Group has taken a 13.18% stake in Aberdeen firm Faroe Petroleum after a £42.77million Christmas shopping splurge to boost its North Sea presence.
Faroe wraps up deals for North Sea fields
Faroe Petroleum said today it had finalised the acquisition of interests in five oil and gas fields in the Norwegian sector of the North Sea.
Faroe says way forward for Pil & Bue development found
Faroe Petroleum said today that the Pil and Bue discoveries in the Norwegian Sea will be tied back to the Njord platform.
Faroe Petroleum makes North Sea oil and gas discovery
Faroe Petroleum said it has made an oil and gas discovery in the North Sea.
Junior market aims for reluctant Scottish firms
Scotland is lagging behind the rest of the UK in the number of companies represented on the Alternative Investment Market (AIM) it was claimed at an event yesterday.
Faroe Petroleum posts operating loss of £34.3million
Faroe Petroleum said higher "expensed exploration costs" were partly to blame for posting an operating loss of £34.3million for the first half of the year.
Bank of England told North Sea “demise” is wrong
The Governor of the Bank of England Mark Carney has been advised that “tales of the North Sea’s demise are wrong” - although the oil and gas sector faces tough challenges in the wake of low prices.
Faroe reveals spudding of North Sea field
Faroe Petroleum said today that appraisal drilling on a Norwegian North Sea well had begun.
Faroe strikes $70million North Sea deal
Faroe Petroleum has struck a deal to snap up $70million (£52.5million) on North Sea oil and gas assets from Dong Energy.
Faroe Petroleum makes mega-million North Sea oil discovery
Faroe Petroleum today confirmed its Brasse oil and gas discovery in the North Sea.
Faroe Petroleum picks up Irish Atlantic licence
Faroe Petroleum has been awarded a new licence under Ireland's 2015 Atlantic Margin Licensing Round.
Engie gets set to drill Norwegian wildcat
Oil and gas firm Engie (Norge) has been given the go ahead by the Norwegian authorities to drill a wildcat well in the Norwegian Sea.
Faroe Petroleum begins drilling North Sea well
Faroe Petroleum has kick-started drilling on its latest North Sea well.