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.(
17 Dec 2015 12:27
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Don't have an account? Click here to register.Israel's Delek Group sells Faroe stake for 70 mln pounds
Wed, 04th Apr 2018 07:48
More News
4 Dec 2015 12:46
UPDATE 1-Oil firms pile in as Norway moves exploration closer to Russia
(Adds comments by minister, applicants, background) OSLO, Dec 4 (Reuters) - Norway has received applications from 26 oil firms seeking drilling permissions in a licensing round set to move the search for hydrocarbons closer to its border with Russia, the country's Oil and Energy Ministry sa
Read more4 Dec 2015 10:28
RPT-Oil firms pile in as Norway moves exploration closer to Russia
(Repeats to attach alerts to article, no changes in text) OSLO, Dec 4 (Reuters) - Norway has received applications from 26 oil firms seeking drilling permissions in a licencing round set to move the search for hydrocarbons closer to its border with Russia, the country's Oil and Energy Minis
Read more4 Dec 2015 10:27
Oil firms pile in as Norway moves exploration closer to Russia
OSLO, Dec 4 (Reuters) - Norway has received applications from 26 oil firms seeking drilling permissions in a licencing round set to move the search for hydrocarbons closer to its border with Russia, the country's Oil and Energy Ministry said on Friday. Applicants in the so-called 23rd round
Read more10 Nov 2015 10:00
Barclays downgrades Premier Oil, Cairn Energy
(ShareCast News) - Barclays has downgraded Cairn Energy and Premier Oil and initiated on Faroe Petroleum with a neutral stance as it believes the trio are eclipsed by other stocks in the sector that currently offer a more attractive valuations. Cairn Energy is lowered to 'underweight' from 'equalwei
Read more23 Sep 2015 09:20
Faroe Petroleum begins work on second Blink prospect well
(ShareCast News) - Oil and gas company Faroe Petroleum has begun work on the second Pil/Bue follow-up well on the Blink prospect in the Norwegian Sea. Faroe said the 6406/12-5S exploration well, in which it owns a 25% stake, has been spudded. Chief executive Graham Stewart said: "I am very pleased
Read more17 Sep 2015 15:26
Faroe Petroleum finds oil in Boomerang well
(ShareCast News) - Faroe Petroleum has struck oil in the main bore of the Boomerang exploration well at the Pil/Blue discovery in the Norwegian Sea. The AIM-listed oil and gas company, which has a 25% interest in the project, said the well encountered good reservoir properties and moveable oil with
Read more17 Sep 2015 08:22