1. UK: Faroe Petroleum Sees Off Boardroom Power Grab

    UK:  Faroe Petroleum Sees Off Boardroom Power Grab

    North Sea oil producer Faroe Petroleum has seen off a boardroom power grab by its largest shareholder which retreated from plans to replace two board members with its own executives. Faroe was braced to take on Norwegian oil giant DNO in a showdown over its calls to install Bijan Mossavar-Rahmani, DNO’s chairman, and Bjørn Dale, DNO’s managing director, at the boardroom table...

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