Faroe Petroleum Plc Share News (FPM)

UPDATE 2-Britain hands lifeline to North Sea oil industry with tax cuts

(Adds comments, background) By Karolin Schaps LONDON, March 18 (Reuters) - Britain announced on Wednesday a series of oil tax cuts and the creation of an investment allowance, heeding calls for help from battered North Sea oil and gas companies juggling high costs and a price slump.Read more

Sector movers: Oil stocks extend gains as Budget confirms North Sea tax breaks

Confirmation by chancellor George Osborne of budgetary measures to ease the pain in the struggling oil industry gave energy producers and services stocks another big lift on Wednesday. The 2015 Budget, the last of the current parliament, revealed new tax allowances worth £1.3bn in total to stimulate

BUZZ-North Sea oil: choppy trading following UK budget

** Wednesday's budget saw govt react with bold tax changes as oil rout adds to existing concerns about Britain's North Sea oilfields ** Supposed beneficiaries -- particularly in the UK small/mid-cap E&P sector - spiked following the announcement but the move proved to be short-lived *

BUZZ-North Sea oil: likely UK budget winners

** Wednesday's budget gives govt chance to react with bold tax changes as oil rout adds to existing concerns about Britain's North Sea oilfields ** North Sea boon for UK since started the 1970s but oil cos now grappling with rising costs amid ageing & largely exploited fields & elevated tax

Earnings, Trading Statements Calendar - Week Ahead

Earnings, Trading Statements Calendar - Week Ahead

Tuesday tips round-up: BG Group, Faroe Petroleum

The headwinds faced by BG Group in Egypt are abating, but others continue to hold it back. An agreement reached over the weekend will see the company invest $2bn alongside two Egyptian outfits in its existing field there. Part of the deal will see the outstanding balances owed to it by Cairo paid. I

Faroe Petroleum rises as Total begins drilling on Shango well in Norway

Oil and gas explorer Faroe Petroleum said drilling has begun on the Shango exploration well, in which it holds a 20% stake. Total Exploration, which owns 40% of the well in the Norwegian North Sea, began drilling on the site and could "fast-track" a subsea development from Shango to the Skirne field

Faroe Petroleum Says Operator Begins Drilling Norwegian Shango Well

Broker tips: Standard Life, Serco, Oil stocks

Panmure Gordon has reiterated its 'buy' recommendation for Standard Life after the insurer beat forecasts with its 2014 results on Friday, saying it expects the shares to rally. "These results were ahead of expectations and we anticipate that the strong underlying performance that suggests that ther

Westhouse names Faroe, Genel and Ithaca as top picks amid oil volatility

Despite the recent rally in oil prices uncertainties still remain for the sector, according to Westhouse Securities which picked out Faroe Petroleum, Genel Energy and Ithaca Energy as its key recommendations in the face of ongoing volatility. Brent oil, which had fallen to a low of $47.68 a barrel l

UK BROKER RATINGS: Citigroup Cuts Reed And WPP To Neutral From Buy

Faroe Petroleum Hits Top End Of 2014 Production Guidance

Faroe Petroleum expects to raise exploration capex in 2015

Jan 22 (Reuters) - Faroe Petroleum Plc said it expected its pretax exploration and appraisal capital expenditure to increase in 2015 as the oil and gas explorer leverages its cash flow and debt facilities. Average production in 2015 is expected at 8,000 to 10,000 barrels of oil equivalent p

Faroe Petroleum And Centrica Awarded Offshore Licenses In Norway