Faroe Petroleum


All posts for Faroe Petroleum

Faroe, Eco Atlantic, Infrastrata

Faroe Petroleum Faroe has announced a Norwegian asset swap with Equinor, it trades out of all interests in the Njord and Hyme redevelopments and the Bauge development assets in return for four production assets on the Norwegian continental shelf being Alve, Marulk, Ringhorne East and Vilge. The ...

Malcolm Graham-Wood - Malcy's Blog


Posted 5 days agoOpinion > Faroe PetroleumFaroeEco Atlantic +6

Oil Price, Rose, President, IGas, Faroe, Petro Matad, Lamprell, and Finally…

WTI $51.63 +$1.21, Brent $60.48 +$1.68, Diff -$8.85 +47c, NG $4.25 -6c Oil Price Seems like a long blog but some comments are just well spuds and a couple that didn't get in yesterday due to time constraints. The oil price rallied yesterday for the usual host of reasons. It was rumoured that ...

Malcolm Graham-Wood - Malcy's Blog


Posted 14 days agoOpinion > oil priceRose PetroleumPresident Energy +8

Oil Price, SDX, Faroe, Frontera, and Finally…

WTI $50.42 -$4.21, Brent $58.80 -$4.68, Diff -$8.38 -36c, NG $4.31 -14c Oil Price Another bad day on the oil market as investors worried about a number of things. In addition to a growing supply imbalance which is (correctly) perceived to be running into 2019 the concerns about Chinese demand ...

Malcolm Graham-Wood - Malcy's Blog


Posted 15 days agoOpinion > MalcyMalcysMalcy's +6

Oil Price, Sound, Echo, Zenith, Faroe/Cairn, Premier, Wentworth, Enteq, and Finally…

WTI $56.25 +56c, Brent $66.12 +65c, Diff -$9.87 +9c, NG $4.84 +74c Oil Price A modest rally in crude yesterday but at one stage it was way better, a two dollar rise was eaten into and although today is better again there is little trust in the commodity at the moment. Having said that, word c ...

Malcolm Graham-Wood - Malcy's Blog


Posted 26 days agoOpinion > MalcyMalcysMalcy's +10

Oil Price, Faroe Petroleum, Jersey Oil & Gas, and Finally…

WTI $55.69 -$4.24, Brent $65.47 -$4.65, Diff -$9.78 -41c, NG $4.10 +31c Oil Price Another bad day at the office, primarily led by the Opec monthly report which cut demand forecasts, even the much touted 100m b/d demand figure has been pushed back to 3Q 2019. The Opec meeting is 3 weeks tomorr ...

Malcolm Graham-Wood - Malcy's Blog


Posted 27 days agoOpinion > oil priceFaroe PetroleumJOG +6

Oil Price, President, Frontera, Faroe, and Finally…

WTI $67.59 +26c, Brent $77.62 +73c, Diff -$10.03 +47c, NG $3.18 -2c Oil Price Little has changed in the energy complex since I last shared my views, with deadline day for Iranian crude sanctions now less than a week away, buyers are walking away but there is plenty of stock on the high seas a ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > oil pricePresident Energyfrontera resources +5

Faroe Petroleum

Faroe Petroleum Interim results from Faroe today which to be honest had been signalled ahead of today's meeting. Profits were much higher as commodity prices were higher, EBITDAX of £72.2m, the Fenja sale and a lack of impairments. Fully funded net group capex for 2018 is estimated to be c.£225m ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 months agoOpinion > Faroe PetroleumMalcyMalcy's +1

Oil Price, SDX Energy, Echo Energy, Far, Faroe Petroleum, and Finally…

WTI $68.87 +15c, Brent $76.21 +39c, Diff -$7.34 +24c, NG $2.88 -4c Oil Price Last week the oil price had a healthy tick up with WTI climbing $2.81 or 4.3% and Brent rose even more, up $3.99 or 5.5%, Baker Hughes reported a sharp fall in their rig count, down 13 overall to 1044 and in oil a fa ...

Malcolm Graham-Wood - Malcy's Blog


Posted 3 months agoOpinion > MalcyMalcy'sMalcy's Blog +6

DNO Withdraws Request for Faroe Petroleum Shareholders Meeting

Oslo, 27 August 2018 - DNO ASA, the Norwegian oil and gas operator, today announced the withdrawal of its request to Faroe Petroleum plc for a meeting of shareholders of the company in which it holds a 28.23 percent stake, and issued the following statement: DNO ASA withdraws the request for an ...

OilVoice Press - OilVoice


Posted 3 months agoPress > DNONorwayFaroe Petroleum

Oil Price, SDX Energy, VOG, Faroe, IOG, Upland, and Finally…

WTI $65.46 +45c, Brent $71.43 +67c, Diff -$5.97 +22c, NG $2.91 -3c Oil Price Another up and down day yesterday which finished in the black even though President Trump made another virtue of the strong dollar. News that some Iranian clients such as India, South Korea and Japan are already maki ...

Malcolm Graham-Wood - Malcy's Blog


Posted 3 months agoOpinion > oil priceSDX EnergyVOG +8

Oil Price, Faroe Petroleum, Touchstone Exploration, and Finally…

WTI $67.20 -43c, Brent $72.61 -20c, Diff -$5.41 +23c, NG $2.93 -1c Oil Price A quiet day on oil bourses yesterday with talk about Turkey causing most concern with the currency smashed even more. Marcus Ashworth at Bloomberg is worth following on this as he has a top view from the bond markets ...

Malcolm Graham-Wood - Malcy's Blog


Posted 3 months agoOpinion > oil priceFaroe PetroleumTouchstone Exploration +4

Oil Price, Savannah Petroleum, Faroe, Aminex, and Finally…

WTI $69.17 +16c, Brent $74.65 +90c, Diff -$5.48 +74c, NG $2.90 +4c Oil Price Oil has rallied modestly in the last couple of days as the market anticipated the Iranian sanctions starting up with phase 1 even though oil is not in the mix until November. Despite the protestations from other sign ...

Malcolm Graham-Wood - Malcy's Blog


Posted 4 months agoOpinion > oil priceSVPSavannah Petroleum +5

Oil Price, Sound, Faroe, Frontera, DGO, UOG, Echo, RockRose, Eco (Atlantic), Hurricane, and Finally…

WTI $73.45 +69c, Brent $77.85 +23c, Diff -$4.40 -46c, NG $2.94 -4c Oil Price Oil appreciated yesterday but I can add little, all is going as expected with a few twists. Supply is under pressure from all sides, WTI is being squeezed as Canadian imports fall as do inventories with refinery capa ...

Malcolm Graham-Wood - Malcy's Blog


Posted 5 months agoOpinion > oil priceMalcyMalcy's +14

Faroe Petroleum - Brasse East Well Commitment

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the commitment by the PL740 Brasse Joint Venture partners (Faroe 50% and operator and Point Resources 50%) to drill the Brass ...

OilVoice Press - OilVoice


Posted 6 months agoPress > Faroe Petroleum

Faroe Petroleum Annual Report 2017

Chairman's and Chief Executive's statement Faroe's consistent strategy of creating value through the drillbit has delivered another yearof strong progress and reserves growth. Year-on-year reserves grew by 20% and in the last five years reserves have grown by more than 400% – mainly as ...

OilVoice Press - OilVoice


Posted 7 months agoPress > Faroe PetroleumAnnual ReportsEarnings +1