DNO North Sea, the Norwegian firm which took over Faroe Petroleum, said it now has more “firepower” to grow with a boost to its lending facilities.
DNO North Sea
Plans have been submitted which could see a first for the UK North Sea for oil platforms being converted to support offshore wind farms.
Faroe Petroleum returned to the black in its final full year before falling year of a hostile takeover by Oslo-based DNO.
Aberdeen-headquartered Faroe Petroleum has changed its name following a takeover by Norwegian operator DNO.