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 £10 million war chest.
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.