DNO Buys More Faroe Shares

Published

© pauws99 / Adobe Stock
© pauws99 / Adobe Stock

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)

Current News

OMV Nominates BP Executive Emma Delaney as Next CEO

OMV Nominates BP Executive Emm

Petrobras Buys Back Petronas Stake in Two Brazil Offshore Fields

Petrobras Buys Back Petronas S

OneSubsea to Supply Production Boosting System for Shenandoah Field

OneSubsea to Supply Production

Subsea7 Nets Over $1.2M for Work at Petrobras’ Sépia 2 off Brazil

Subsea7 Nets Over $1.2M for Wo

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine