Faroe Petroleum changes name after DNO takeover
Aberdeen-headquartered Faroe Petroleum has changed its name following a takeover by Norwegian operator DNO.
DNO
North Sea investment planned by DNO following profit rise
Norwegian oil and gas operator DNO has pledged a multi-million North Sea investment after a slight Q1 profit rise for the firm.
Equinor and Faroe ‘complete’ asset swap deal
Aberdeen-headquartered Faroe Petroleum and Norwegian energy giant Equinor have announced the completion of a series of asset swap stakes for several oil fields in Norway.
DNO ready for compulsory purchase of remaining Faroe shares
Norwegian oil and gas operator DNO said today that it can initiate the compulsory acquisition of the remaining shares in Faroe Petroleum.
Directors exit Faroe after falling to DNO takeover
Oil firm Faroe Petroleum has announced the departure of five directors, including chief executive Graham Stewart.
Faroe to hand Edinburgh prospect baton over to Shell
Energy giant Shell has been lined up to take over as operator of one of the central North Sea’s largest undeveloped prospects.
Updated: Faroe CEO to pocket £12.5m, DNO takeover offer now unconditional
Faroe Petroleum’s chief executive will pocket £12.5million as he leaves the company following a hostile takeover by Norwegian oil operator DNO.
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: Faroe Petroleum concedes defeat in takeover battle with DNO
Faroe Petroleum's board has conceded defeat in its fight against a takeover bid by Norwegian oil explorer DNO.
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 makes ‘final offer’ to take over Faroe Petroleum
Norwegian oil explorer DNO has increased its offer to acquire Aberdeen-based Faroe Petroleum, as its pursuit of the North Sea firm continues.
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 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.
Latest: Faroe lambasts DNO for ‘puzzling attacks’ on exploration record
Bosses at Faroe Petroleum have condemned DNO for repeatedly attacking its exploration track record.
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%.
DNO extends Faroe takeover offer after missing target
Norwegian firm DNO has given Faroe Petroleum shareholders another two weeks to accept its takeover offer after falling short of its target.
Faroe’s defences ‘exhausted’ after exploration failure, DNO says
Bosses at DNO have picked apart a report indicating its takeover bid for Faroe Petroleum was too low.
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.
Independent valuation shows DNO offer ‘inadequate’, Faroe says
Faroe Petroleum said today that a fresh evaluation of its portfolio highlighted the "inadequacy" of DNO's takeover bid for the firm.
Faroe orders ‘independent valuation’ after latest DNO jibe
Bosses at Faroe Petroleum have ordered an independent valuation of the oil firm's assets as they seek to fend off a hostile takeover attempt.
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.
Faroe boss says DNO ‘not offering the right price’ on hostile takeover bid
Faroe Petroleum’s chief executive has hit out at DNO’s hostile takeover bid, saying the Norwegian firm is “not offering the right price”.
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.
Faroe says DNO criticism a tactical ploy to distract from lowball offer
Faroe Petroleum bosses said today that criticism aimed at them by DNO was a “tactic” to draw attention away from the Norwegian firm’s low takeover offer.