Longboat Energy hails kick-off on drilling for first ever exploration well
Longboat Energy has hailed the start of drilling on its first ever exploration well.
Longboat Energy has hailed the start of drilling on its first ever exploration well.
Bosses at Longboat Energy say they will harness the higher levels of interest being shown in the business to clinch more acquisitions.
Bosses at Longboat Energy are โparticipatingโ in a number of acquisition processes as the London-listed firm looks to do its maiden deal.
An oil and gas market researcher has highlighted a UK North Sea exploration well expected to be drilled this year by Shell as โone to watchโ.
An Aberdeen-based energy services group has won a multi-million pound contract to deliver duty holder services for two North Sea assets.
DNO, the Oslo-listed exploration firm which took over Aberdeen's Faroe Petroleum, has announced it is reducing staff โin all locationsโ in response to Covid-19 outbreak and oil price crash.
It was an interesting year for deal-making in 2019, despite political and economic challenges.
DNO, which took over Aberdeen-based Faroe Petroleum last year, has taken ยฃ112million of impairments costs related to its newly-acquired fields in the North Sea.
A new North Sea firm, created by the former bosses of Faroe Petroleum, has announced it is evaluating "a number" of potential acquisition targets.
DNOโs hostile takeover of Faroe Petroleum a year ago boosted the Norwegian oil firmโs North Sea production by 17,400 barrels per day (bpd) in 2019.
Shares in Longboat Energy were admitted to the alternative investment market of the London Stock Exchange today.
A new North Sea exportation and production (E&P) firm created by the former boss of Faroe Petroleum has announced its "success" in raising a ยฃ10 million war chest.
DNO North Sea, the Norwegian firm which took over Faroe Petroleum, said it now has more โfirepowerโ to grow with a boost to its lending facilities.
North Sea oil and gas veteran Graham Stewart said yesterday a sense of โunfinished businessโ spurred his decision to launch a new, acquisition-hungry player.
A North Sea oil and gas executive who led Faroe Petroleum before the Aberdeen-based firm fell to a hostile takeover has set up a new company.
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.
Spirit Energy has kicked off production from its Oda field in the Norwegian North Sea, delivered five months ahead of schedule.
Norwegian oil and gas operator DNO said today that it can initiate the compulsory acquisition of the remaining shares in Faroe Petroleum.
Energy giant Shell has been lined up to take over as operator of one of the central North Seaโs largest undeveloped prospects.
Faroe Petroleumโs chief executive will pocket ยฃ12.5million as he leaves the company following a hostile takeover by Norwegian oil operator DNO.
Faroe Petroleum's board has conceded defeat in its fight against a takeover bid by Norwegian oil explorer DNO.
Norwegian oil explorer DNO has increased its offer to acquire Aberdeen-based Faroe Petroleum, as its pursuit of the North Sea firm continues.
Bosses at DNO have warned they will โnot go awayโ after falling short with their hostile takeover offer for Aberdeen-headquartered oil firm Faroe Petroleum.