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.
Energy giant Equinor and Aberdeen-headquartered Faroe Petroleum have agreed to swap stakes several oil fields in Norway.
Bosses at Faroe Petroleum urged investors to snub a hostile takeover offer from Norwegian oil firm DNO and hold onto their shares.
A top fund manager has taken a swipe at Norwegian oil firm DNO for its £444 million proposal to buy out Faroe Petroleum.
Norwegian firm DNO's £444 million takeover bid for Aberdeen-headquartered Faroe Petroleum is "clearly a low-ball offer", analysts have said.
Norwegian oil firm DNO said today that it would make an offer to buy the remaining shares in Aberdeen-headquartered Faroe Petroleum.
Aberdeen-headquartered Faroe Petroleum has started drilling the Brasse East exploration well off the coast of Norway.
Aberdeen-headquartered oil firm Faroe Petroleum suffered disappointment with its latest exploration well in Norway.
Oil firm Faroe Petroleum has increased its reserve based lending (RBL) facility by £78 million to bolster its growth plans.
Aberdeen-headquartered Faroe Petroleum has been given consent to drill the Brasse East well off the coast of Norway.
Faroe Petroleum’s existing portfolio can deliver the oil firm’s medium-term growth targets, as acquisitions prove to be elusive, its boss said yesterday.
Faroe Petroleum will participate in seven wells by the end of next year as the North Sea oil firm "ramps up" exploration activity.
Aberdeen-headquartered Faroe Petroleum has been granted permission to drill an exploration well at the Rungne prospect.
Faroe Petroleum's Edinburgh field could contain upwards of 200 million barrels of oil per day, the firm's boss said yesterday.
Faroe Petroleum’s boss has said “anyone is welcome” to buy the company “at the right price” amid a battle for boardroom control.
Oslo-listed DNO has withdrawn a request for a meeting to gain seats on Aberdeen-based Faroe Petroleum’s board, criticising the firm’s “increasingly hostile response”.
Azinor Catalyst said today that the Transocean Leader rig had been mobilised for its North Sea drilling campaign.