ShippingWatch

Atlantic Petroleum considers sale or merger

The struggling Faroese oil company Atlantic Petroleum has launched a process to take a closer look at the company's strategic opportunities, including a sale or merger.

Oil company Atlantic Petroleum, of the Faroe Islands, which is currently under massive pressure from the low oil price, has launched a process aimed at looking closer into the company's strategic opportunities - including for instance the possibility of a sale or merger, says the company in a statement on Monday.

As part of the strategic process, Atlantic Petroleum will consider a wide range of opportunities, one of which could be a sale of the company, or merging with another company. Furthermore, the statement also mentions a possible sale, joint venture or partnership in relation to Atlantic Petroleum's activities in the UK and/or Norway. The company also points to the possibility of maintaining its corporate strategy as an independent company.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs