(ShareCast News) - Faroe Petroleum has confirmed its Brasse oil and gas discovery in the Norwegian North Sea. The discovery was made at licence PL740 in the Norwegian North Sea where the AIM-Listed company is 50% owner and operator. The Brasse side-track reached a total depth of 2,530 metres and en
Read more(ShareCast News) - Oil and gas company Faroe Petroleum was awarded a new three-year licence option in the Irish offshore by the 2015 Atlantic margin licensing round (AMLR). The 16/23 licensing option covers 960km in the Slyne/Erris Basin. It is one of the second tranche of awards made under the AMLR
Read more* Norway oil workers agree wage deal * Employers and unions worked overtime to agree * Avoids strike that would have cut output (Adds quote, background) OSLO, July 2 (Reuters) - Norwegian offshore oil workers and employers signed a new wage deal on Saturday, avoiding a strike
Read moreOSLO, July 2 (Reuters) - Norwegian offshore oil workers and employers signed a new wage deal on Saturday, avoiding a strike that would have cut the output from western Europe's top oil and gas producer by about six percent, employers and unions said. Some 755 workers at fields operated by S
Read moreOSLO, June 28 (Reuters) - Norwegian oil major Statoil must halt attempts to scale back existing labour agreements if it wants to prevent a strike that would hit output from July 2, a trade union said on Tuesday. About 755 Norwegian workers on seven oil and gas fields operated by Statoil, E
Read more* July 1 deadline for Norway's oil wage talks * Fields produce 17-18 pct of Norway's output -Reuters calculation * Further escalation likely unless deal found (Updates ExxonMobil's comment) By Stine Jacobsen and Terje Solsvik OSLO, June 27 (Reuters) - About 755 Norwegian
Read more(ShareCast News) - Analysts at Barclays re-jigged their recommendations on European Exploration and Production companies in order to take into account the recent rise in crude oil prices and improved investor sentiment regarding companies´ ability to execute to plan operationally. In the process
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