Independent oil and gas company Faroe Petroleum announced on Wednesday that it has committed to drill its 50%-owned Brasse East exploration well with joint-venture partner Point Resources.
Independent oil and gas company Faroe Petroleum announced on Friday that both new infill wells drilled this year on the Tambar field in Norway, where it holds a 45% working interest, have now been brought successfully on production.
(WebFG News) - BAE Systems: Berenberg upgrades to buy with a target price of 700p.
Independent oil and gas company Faroe Petroleum announced on Tuesday that the Norwegian Minister of Petroleum and Energy has approved the plan for the development and operation of the Fenja field.
JustEat: JP Morgan downgrades to underweight with a target price of 656p.
Ocado Group: Goldman Sachs downgrades to neutral with a target price of 540p.
Softcat plc: Berenberg upgrades to buy with a target price of 650p.
Aberdeen based company Faroe Petroleum reported on Tuesday that it is fully funded for ongoing developments following a significant divestment.
Oil and gas company Faroe Petroleum has agreed the sale of a 17.5% working interest in the Fenja development in the Norwegian Sea to Suncor for a cash consideration of $54.5m.
Independent oil and gas company Faroe Petroleum said it has been awarded eight new prospective exploration licences, including four operatorships, in the Norwegian North Sea.
Oil and gas company Faroe Petroleum said on Wednesday that production from the Tambar field in Norway has resumed following an accident on the Maersk interceptor drilling rig last week that left one person dead.
Oil and gas company Faroe Petroleum confirmed on Friday that a worker has died at its Tambar field in Norway, which is operated by Aker BP.
The independent oil and gas company Faroe Petroleum has begun drilling at the Iris/Hades exploration well, known as Aerosmith, in licences PL644/PL644B, in which it has a 20% interest.
The independent oil and gas company, Faroe Petroleum, announced on Tuesday the issue of a $100m senior, unsecured bond in the Nordic bond market, in an attempt to strengthen the company's balance sheet.
Faroe Petroleum reported on Wednesday that drilling operations have commenced on the Tambar development project in the producing Tambar field in Norway, in which Faroe has a 45% interest.
Scottish oil and gas company Faroe Petroleum told investors on Tuesday that its Goanna exploration well in the Norwegian North Sea had been unsuccessful.
Jefferies took a lathe to its target prices for most oil companies on Tuesday, including downgrading EnQuest and Tullow Oil, but kept a host of 'buy' ratings for growth stories such as Cairn Energy, Faroe Petroleum and newly upgraded Premier Oil.
Rotork: Morgan Stanley double upgrades to Overweight with a target price of 292p.
Norway and UK-focused Faroe Petroleum reported a large rise in full-year 2016 production amid a ramp-up in exploration, while bumping its guidance for 2017.
Oil and gas explorer Faroe Petroleum production and reserve base increase in 2016 boosted by acquisitions to its Norway portfolio, while it softened its outlook for 2017.