LONDON (Alliance News) - Norway's DNO ASA is to move to acquire the rest of Faroe Petroleum PLC's shares, with its control now standing at 96% after purchases on Friday.DNO said it Read More
LONDON (Alliance News) - Faroe Petroleum PLC on Monday said that Bjorn Dale and Orjan Gjerde have been appointed as chair and non-executive director of the company respectively, with immediate and Read More
LONDON (Alliance News) - Faroe Petroleum PLC on Thursday said it has been awarded eight new prospective exploration licences in the Norwegian North Sea.These licences include the Edinburgh Read More
LONDON (Alliance News) - Faroe Petroleum PLC on Wednesday said it inked a partnership with subsidiaries of Royal Dutch Shell PLC and Spirit Energy Ltd for the development of the large, Edinburgh a Read More
LONDON (Alliance News) - Norway's DNO ASA said Friday it has acquired a further 3.7% of Faroe Petroleum PLC at 160 pence per share.Taking into account the 13.7 million shares purchased Read More
LONDON (Alliance News) - Takeover target Faroe Petroleum PLC on Friday said it would be revising the range of recoverable hydrocarbons at the Brasse field.Faroe has been drilling a well at Read More
LONDON (Alliance News) - Norway's DNO ASA said Friday it has acquired a further 3.7% of Faroe Petroleum PLC at 160 pence per share.Taking into account the 13.7 million shares purchased Read More
LONDON (Alliance News) - Stock prices in London are called higher Friday, with markets optimistic despite a lack of any concrete progress from trade talks between the US and China.In company news, Read More
LONDON (Alliance News) - DNO ASA on Thursday said it has bought a further 20% of Faroe Petroleum, meaning it is approaching the threshold for de-listing the stock from AIM.On Wednesday, the Read More
LONDON (Alliance News) - Faroe Petroleum PLC investor Cavendish Asset Management Ltd said Wednesday DNO ASA's offer for the UK oil producer is "unacceptable" and has sold its stake a Read More
LONDON (Alliance News) - Faroe Petroleum PLC on Wednesday told shareholders to accept DNO ASA's latest offer, given it is set to become unconditional, despite not believing it represents a DNO Read More
LONDON (Alliance News) - Norway's DNO ASA on Wednesday said it has bought a further 8.7% of Faroe Petroleum PLC, its GBP640 million takeover offer now has more than 50% acceptances.The Read More
LONDON (Alliance News) - Norwegian oil & gas firm DNO ASA on Tuesday increased its final cash offer for Faroe Petroleum PLC to 160 pence per share from 152p and criticised Faroe's amid the Read More
LONDON (Alliance News) - DNO ASA said Tuesday that a reserves downgrade at Faroe Petroleum PLC's Oda field by Norwegian Petroleum Directorate raises concerns over Faroe's future expected a Read More
LONDON (Alliance News) - DNO ASA said Friday that it has further increased its stake in hostile takeover target Faroe Petroleum PLC to 30.6%.The Norwegian oil and gas operator acquired a on Read More
LONDON (Alliance News) - DNO ASA on Thursday said that it increased its stake in Faroe Petroleum PLC to 30% and, as a result, its GBP567 million takeover offer for UK-listed oil and gas company is Read More
LONDON (Alliance News) - DNO ASA on Thursday said that it increased its stake in Faroe Petroleum PLC to 30% and, as a result, its GBP567 million takeover offer for UK-listed oil and gas company is Read More
LONDON (Alliance News) - Stock prices in London are set to open lower on Thursday after a volatile session on Wednesday, which saw the FTSE 100 rally from substantial early losses to close in the Read More
LONDON (Alliance News) - UK and Norway-focused oil and gas company Faroe Petroleum PLC on Wednesday published an independent valuation of its assets, which is said to highlight the inadequacy of a Read More
LONDON (Alliance News) - Stock prices in London are seen opening lower on Wednesday as markets reopen after the New Year's Day holiday, with Asian stocks having fallen overnight following a of Read More