Updated: DNO not accepting defeat in Faroe takeover bid
Bosses at DNO have warned they will “not go away” after falling short with their hostile takeover offer for Aberdeen-headquartered oil firm Faroe Petroleum.
Bosses at DNO have warned they will “not go away” after falling short with their hostile takeover offer for Aberdeen-headquartered oil firm Faroe Petroleum.
A major energy firm has unveiled plans to build a new substation next to a north-east gas plant.
Trac Oil and Gas’s boss said yesterday that he was “generally satisfied” with the firm’s latest accounts, which showed “strong growth during challenging times”.
Pryme Group, the parent of engineering services businesses including Aberdeenshire-based SengS, has said results for the year to March 31 2018 reflect improving market conditions.
Independent Oil and Gas said today that it was not affected by the UK financial watchdog's investigation into London Capital and Finance.
Hurricane Energy has appointed a legal expert for the oil and gas sector to its board.
It's not the type of “decommissioning” work normally seen, but a video has emerged online of parts of old oil platforms being blown up with explosives.
Kevin McIntyre, a commissioner and former chairman of the top U.S. energy regulator, has died.
Major gas projects coming online in the UK and Norway will not be enough to offset a continued drop in Europe’s supply, according to Wood Mackenzie.
Bosses at Faroe Petroleum have condemned DNO for repeatedly attacking its exploration track record.
Norwegian firm DNO said this morning that its offer for Faroe Petroleum's remaining shares had become mandatory after increasing its equity to 30%.
Var Energi today hailed its success with the Goliat West appraisal well in the Barents Sea.
Norwegian firm DNO has given Faroe Petroleum shareholders another two weeks to accept its takeover offer after falling short of its target.
Oil had a tumultuous 2018, with prices rising to a four-year high in October before plunging more than $30 in the following months. Oversupply and demand worries are high on the concern list for the industry, making volatility a buzzword this year as well.
Oil retreated from a two-week high as risk appetite faltered after a revival of investor fears over the health of the global economy.
Since operations restarted in October, Cuadrilla has had to pause activity a number of times following tremors at its Preston New Road site in Lancashire, north-west England.
Premier Oil has booked the Ensco 123 rig to drilling two wells in the North Sea, starting in July.
Bosses at DNO have picked apart a report indicating its takeover bid for Faroe Petroleum was too low.
The board at US oilfield services firm Halliburton has appointed president and chief executive Jeff Miller as its chairman.
The growth of the Gulf Coast’s liquefied natural gas industry is set to accelerate in 2019 as at least three major projects are expected to get the go-ahead from developers.
Total has started up production from the Egina field off the coast of Nigeria.
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.
Oil prices rallied on the first trading day of 2019 as U.S. equities recovered from early losses and amid signs that Middle Eastern producers were fulfilling a pledge to cut exports.
The production vessel for Hurricane Energy's Lancaster field has left the Port of Rotterdam en route to Scottish waters.
State Grid Corp. of China has started up the world’s longest and most-powerful ultra-high voltage power line from its far northwest to the heavily populated east.