Faroe Petroleum said yesterday it would pay £60million and farm out a 20% interest in three Atlantic Margin exploration licences to acquire an 18% interest in the Blane oil field.
TAQA Bratani, the UK subsidiary of the Abu Dhabi national energy company, announced an acquisition yesterday which will give a significant boost to its North Sea production.
TAQA Bratani, the UK subsidiary of the Abu Dhabi national energy company, celebrates the first anniversary today as dutyholder of its four North Sea platforms: Cormorant Alpha, North Cormorant, Tern and Eider.
