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

Equinor’s First Hybrid Power Complex Starts Operations

Equinor’s First Hybrid Power C

Ocean Winds Hires Seaway7 for Offshore Wind Job in Poland

Ocean Winds Hires Seaway7 for

Oman’s Block 50 Offshore Drilling to Advance After $25M Funding Raise

Oman’s Block 50 Offshore Drill

Vissim to Provide Vessel Collision Avoidance System for Qatari Offshore Field

Vissim to Provide Vessel Colli

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine