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.
The Norwegian Petroleum Directorate (NPD) has announced more than 30 firms have been awarded ownership in its "largest ever" licensing round.
Aberdeen-headquartered Oil exploration firm Faroe Petroleum has confirmed the start-up of the Rungne exploration well in the Norwegian North Sea.
Norwegian focussed oil firm Faroe Petroleum posted a healthy increase in revenue yesterday, with CEO Graham Stewart saying currently, that for a company Faroe’s size, they’re making it “look easy.”
Faroe Petroleum today confirmed "outstanding" flow rates for its latest appraisal well on the Brasse discovery in the Norwegian North Sea.
Faroe Petroleum’s Norwegian arm has received consent to drill two exploration wells in the North Sea.
Faroe Petroleum has spud its first exploration well of the year.
Faroe Petroleum today confirmed it had landed the new banking facilities needed to sustain operations and fuel growth plans.
Faroe Petroleum said it has taken a decision with its partners in the Pil & Bue discoveries on the Norwegian North Sea that its wells will be connected to Statoil’s nearby Njord platform.
The Norwegian Petroleum Directorate(NPD) has granted Faroe Petroleum Norge a drilling permit for a new North Sea well.