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.
North Sea oil and gas veteran Graham Stewart said yesterday a sense of “unfinished business” 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 Sea’s largest undeveloped prospects.
Faroe Petroleum’s chief executive will pocket £12.5million 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 “not go away” after falling short with their hostile takeover offer for Aberdeen-headquartered oil firm Faroe Petroleum.
Bosses at Faroe Petroleum have condemned DNO for repeatedly attacking its exploration track record.
Norwegian firm DNO has given Faroe Petroleum shareholders another two weeks to accept its takeover offer after falling short of its target.
Bosses at DNO have picked apart a report indicating its takeover bid for Faroe Petroleum was too low.
Faroe Petroleum said today that a fresh evaluation of its portfolio highlighted the "inadequacy" of DNO's takeover bid for the firm.
Faroe Petroleum revealed today that its Brasse East exploration well in the Norwegian North Sea had not hit oil.
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.
Aberdeen-headquartered Faroe Petroleum has announced the Cassidy exploration well has come up with disappointing results.
Faroe Petroleum’s chief executive has hit out at DNO’s hostile takeover bid, saying the Norwegian firm is “not offering the right price”.
Faroe Petroleum has tabled draft plans to the UK Government for decommissioning the Ketch and Schooner gas fields in the southern North Sea.
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.
Norwegian firm DNO has taken yet another dig at the Aberdeen oil firm it is trying to acquire.
A Norwegian oil firm has raised concerns about an asset swap deal agreed by the Aberdeen company it is attempting to take over.