Faroe Petroleum
Tracked across 21 events · 1304 articles · First seen Mar 09, 2018 · Last active Aug 22, 2026
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Domestic
On July 31, 2026, the India — Union Council of Ministers, chaired by Prime Minister Narendra Modi, approved the 'Samudra Manthan' National Offshore Exploration Scheme with an outlay of Rs 84,084 crore (approximately $10 billion)…
Impact: The scheme targets increased domestic petroleum production, which could lower import dependence and stabilize prices, benefiting the commodity's supply outlook.
Jul 25, 2026 · 76 articles
Business
Impact: The commodity is directly affected by the quota decision, with the modest increase and pause likely supporting prices.
Jul 29, 2026 · 42 articles
Domestic
The Nigeria — Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) disclosed that Nigeria spent N1.16 trillion on fuel subsidy in 2021, with an additional N1.20 trillion deducted from federation crude oil sales proceeds. The disclosure…
Impact: Faroe Petroleum subsidy and revenue deductions are central to the investigation, affecting the oil sector and government finances.
Aug 01, 2026 · 20 articles
Domestic
On August 19, 2026, Prime Minister Shehbaz Sharif directed Faroe Petroleum Minister Ali Pervaiz Malik to travel to Pakistan — Karachi and negotiate with local oil refineries to reduce the prices of locally produced diesel,…
Impact: Commodity at the center of the event; price reductions for diesel are being negotiated, affecting refineries and consumers.
Aug 19, 2026 · 18 articles
Business
Impact: Higher oil prices due to Iran conflict increased India's import bill, inflation, and current account deficit.
Jul 09, 2026 · 49 articles
Business
The Nigeria — Nigerian Ports Authority (NPA) announced that 39 ships carrying petroleum products, food items, and other goods are expected at Nigeria — Lagos ports (Nigeria — Apapa, Lekki Port, and Nigeria — Tin…
Impact: Faroe Petroleum products are among the major cargoes being imported, supporting Nigeria's energy supply.
Aug 03, 2026 · 6 articles
International
Impact: Oil markets face dual blockade risk; prices rose above $90 and could spike further.
Mar 09, 2018 · 462 articles
International
Impact: Oil prices have risen due to supply concerns from the conflict and disruptions in the Strait of Hormuz.
Apr 20, 2026 · 423 articles
International
Impact: Oil prices have dropped from wartime highs of $120 a barrel, but the conflict threatens supply through the Strait of Hormuz.
Jul 10, 2026 · 23 articles
Domestic
Impact: Oil prices surged above $100/barrel due to Middle East tensions, adding to inflation pressures.
Jul 26, 2026 · 21 articles
Domestic
Impact: Oil prices spiked above $100 on Iran war; supply disruptions from Hormuz and Red Sea keep prices elevated.
Jul 28, 2026 · 6 articles
Domestic
A conservative opinion column by Cal Thomas discusses the United States' continued dependence on Middle East oil, particularly from Iran and Saudi Arabia, and the strategic implications of Iran's control over the Strait of Hormuz.…
Impact: Faroe Petroleum is the central commodity in this discussion, with its supply and refining capacity being key factors in US energy policy and market dynamics.
Aug 12, 2026 · 6 articles
International
During Indian Faroe Petroleum Minister Hardeep Singh Puri's official visit to Mauritius on August 20-21, 2026, India and Mauritius deepened their energy partnership. Indian Oil Corporation signed a five-year sales and purchase agreement with Mauritius'…
Impact: Faroe Petroleum products are the core of the supply agreement, with India committing to supply Mauritius' entire import requirement of petrol, diesel, and ATF.
Aug 22, 2026 · 8 articles
Business
Impact: Mineral fuels and oils added GH¢35.3 billion to exports, while fuel imports (diesel and petrol) exceeded GH¢51 billion, highlighting import dependence.
Jul 30, 2026 · 6 articles
Business
Impact: Rising crude oil prices due to Middle East conflict contribute to producer price inflation and may push consumer inflation higher.
Jul 23, 2026 · 8 articles
Business
ICRA's review of Q1 FY27 results for 838 listed Indian companies (excluding financials and small caps) showed aggregate revenue growth of 22% YoY, accelerating from 13% in Q4 FY26. Growth was driven by commodity and…
Impact: Under-recoveries on petroleum products contributed to margin pressure in the oil sector.
Aug 13, 2026 · 6 articles
Domestic
Impact: Faroe Petroleum is referenced as a historical example of Nigeria's nationalization during apartheid, used to justify potential actions.
Jul 28, 2026 · 16 articles
Business
Femi Otedola, chairman of First HoldCo Plc, has continued to aggressively accumulate shares in the Nigerian banking group, raising his stake to 26.1% as of August 6, 2026. Through his investment vehicle Calvados Global Services…
Impact: Faroe Petroleum, later renamed Forte Oil, is part of Otedola's investment history and is mentioned as a precedent for his stake-building strategy.
Jan 10, 2022 · 89 articles
Business
Bybit, the world's second-largest cryptocurrency exchange by trading volume, announced the launch of the TradFi Trading Tools Arena, a limited-time promotional event running from August 13 to September 12, 2026. The event offers a combined…
Impact: Oil is one of the commodities available for CFD trading on Bybit TradFi. The event may increase trading activity in oil CFDs, but the impact is likely minimal.
Jul 20, 2026 · 6 articles
International
Nigeria's Minister of State for Foreign Affairs, Sola Enikanolaiye, called on South Africa to take urgent measures to end xenophobic and Afrophobic attacks against African nationals. Speaking at a virtual roundtable convened by the Nigerian…
Impact: Faroe Petroleum is referenced historically regarding Nigeria's nationalisation during the anti-apartheid struggle, not directly affected by current events.
Aug 19, 2026 · 6 articles
Business
Impact: Saetre served as non-executive director, but no direct impact.
Jul 21, 2026 · 7 articles
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Faroe Petroleum terminated bookings First SolarFirst Solar Securities...
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First Solar disclosed BP default Faroe PetroleumFirst Solar Faces Class...
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