DNO Buys More Faroe Shares

Tuesday, December 18, 2018

Norwegian oil firm DNO has bought another 914,732 shares in Faroe Petroleum at 151.6 pence each, it said on Tuesday.

The purchase, at just below the 152 pence per share price it has offered in a takeover bid for Faroe, adds slightly to DNO's stake, which now stands at about 106.16 million shares, corresponding to 28.47 percent, it added.


(Reporting by Terje Solsvik, editing by Gwladys Fouche)

Categories: Finance Offshore Energy Drilling Industry News Europe

Related Stories

Lloyd’s Register Approves Wison’s Internal Turret FPSO Concept

IEA: Middle East Conflict Reshaping Medium-Term Gas Outlook

Vessel Sector Deep Dive: WTIVs

Middle East Conflict Jolts Offshore Drilling Market

Metropolitan CCS Cleared to Drill CO2 Storage Wells off Japan

TotalEnergies Eyes Black Sea Exploration with Türkiye’s TPAO

Borr Drilling Expects Higher Activity as Rigs Return to Work

Sunda, Finder Target Shared Rig for Timor-Leste Offshore Drilling

France Leads 15-Country Effort to Reopen Strait of Hormuz

Russia’s Yamal LNG Resumes Shipments to China After Months-Long Gap

Current News

TotalEnergies, QatarEnergy, ConocoPhillips Ink MOU to Review Offshore Syria

Norway O&G Revenue Forecast Jumps 30% for '26

QatarEnergy, TotalEnergies and ConocoPhillips Team Up on Syria Offshore Block

FOS Picks Incat Crowther to Design Fast CTV Fleet for Shell’s Brunei Ops

Dolphin Drilling Boosts Backlog with Harbour Energy Deal, Oil India Extension

Oil Prices Edge Higher Amid Uncertainty Over Iran Deal

ADNOC Drilling Posts Record First-Quarter Results with 5% Revenue Rise

Oil Jumps 4% After Trump Rejects Iran’s Peace Response

Lloyd’s Register Approves Wison’s Internal Turret FPSO Concept

Gulf Marine Services Profit Plunges After Gulf Vessel Evacuations

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com