Faroe Rebuffs DNO Again
Britain's Faroe Petroleum reiterated on Thursday its opposition to a hostile bid by Norway's DNO, which it said was "inadequate" and substantially undervalued the Aberdeen-based firm.DNO, which…
DNO Makes $780 Mln Cash Bid for Faroe Petroleum
Norway's DNO is sticking to its offer to buy Faroe Petroleum for 152 pence per share, valuing the company at about 610 million pounds ($761.65 million), insisting it is an attractive offer…
DNO Makes Hostile Bid for Faroe Petroleum
Norway's DNO has launched a hostile bid to buy all of Faroe Petroleum in a deal valuing the London-listed company at around 608 million pounds ($781 million), sending Faroe shares up by a quarter.DNO…
Oil Producers in Kurdistan Want Payment Soon
Three of Iraqi Kurdistan's main oil producers said they expect payments this month from the regional government for oil exports, as they look set to finally reap the rewards from years of investment in the area.
DNO Eyes First Kurdistan Crude Shipment
Norwegian firm DNO expects its first shipment of oil from Kurdistan to be sold on the international market by the end of the year and said it was committed to its operations in the region despite the recent flare-up in violence.