Delek said in a statement the deal will close within twobusiness days. It did not name the buyer.
Delek will make a profit of
Faroe is an oil and gas exploration and production companyoperating in the North Sea.(
Wed, 04th Apr 2018 07:48
Delek said in a statement the deal will close within twobusiness days. It did not name the buyer.
Delek will make a profit of
Faroe is an oil and gas exploration and production companyoperating in the North Sea.(
(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
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
Read more** 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 *
Read more** 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
Read moreThe 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
Read moreOil 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
Read morePanmure 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
Read moreDespite 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
Read moreJan 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
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