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Oslo-listed DNO has withdrawn a request for a meeting to gain seats on Aberdeen-based Faroe Petroleum’s board, criticising the firm’s “increasingly hostile response”.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.
Norwegian oil and gas operator DNO said today that it would ask for seats on the board of Aberdeen-headquartered firm Faroe Petroleum.
Faroe Petroleum said today that work carried out on oil fields in the first half of 2018 will stand the company in good stead, despite a short term drop in production.
Spirit Energy is preparing to develop the Fogelberg discovery after an appraisal well showed it contains between 40-90 million barrels of oil equivalent.
Faroe Petroleum’s chairman said today that the Aberdeen-based oil explorer was in a “very strong position” ahead of its annual general meeting today.
Faroe Petroleum has hired investment banker Katherine Roe as an independent non-executive director.
Faroe Petroleum said it expects to drill the Brasse East well later this year after agreeing to book a rig.
Faroe Petroleum said today that it had completed the sale of its 17.5% working interest in the Fenja field in the Norwegian Sea.
Faroe Petroleum’s CEO Graham Stewart saw his total pay package swell to over £1million last year.
Aberdeen-based Faroe Petroleum has announced two development wells at its Norwegian North Sea Tambar field have started production.