Stories for October 12th 2012
Falklands’ government approves Rockhopper farm-out agreement with Premier Oil
Rockhopper Exploration which struck oil at its North Falkland basin Sea Lion exploratory well in May 2010 has received formal agreement from the Falkland Islands Government to the farm-out agreement reached with Premier Oil.
Strong support from the Nobel Prize for a battered European Union
The European Union won the Nobel Peace Prize on Friday for promoting peace, democracy and human rights over six decades in an award seen as a morale boost as the bloc struggles to resolve its economic crisis.
Three extraction rigs expected to be operating in the Falklands in next 2/3 years
As the final drill in the Falkland Islands oil exploration round nears completion Director of Mineral Resources Stephen Luxton said it was a safe assumption to plan for three rigs rather than two in the next two to three years when extraction would get underway.
Noble Energy says Falklands’ oil production in six years if exploration well proves successful
Noble Energy Inc. (NBL) executives said on Thursday that oil production in the Falkland Islands could begin in about six years if an exploration well proves to be successful.
Paraguayan Senate rejects Unasur document used as basis to sanction the country
By an overwhelming majority, 36 to 1 and eight absences, the Paraguayan Senate rejected the Unasur Commitment with Democracy Additional Protocol considering it contrary to the sovereign interests of the country and which was the argument used by the regional organization to sanction and suspend Paraguay.
Low key talks with some Unasur members to lift sanctions on Paraguay
Paraguay is involved in low key negotiations with the region to find a way for the quick return of the country to Unasur and Mercosur, and Chile and Colombia are playing crucial roles in such discussions, according to media reports from Asuncion.
Falklands’ oil industry socio-economic impact on track with “no major new concerns”
A socio-economic impact study on the effects of an oil development project on the Falkland Islands did not reveal any, “major new concerns which had previously escaped attention Director of Mineral Resources Stephen Luxton told Penguin News this week.
The future of the Falklands lies with tourism, says governor Haywood
In a well illustrated piece the Daily Mail writes about the Falklands’ tourism industry and future prospects, including air links to the South Atlantic Islands, over which Argentina claims sovereignty.
Uruguay signs offshore contracts with oil companies: BP, BG, Total and Tullow
The Uruguayan government has signed offshore exploration and production deals with British oil firms BG Group, BP plc, Ireland’s Tullow Oil and France's Total. The companies awarded 30-year concession contracts in April for the eight oil blocks - three each for BG and BP and one each for Tullow and Total - have committed to investing a total of roughly 1.56 billion dollars.
Global editors warn on ongoing campaign in Argentina against independent media
The Global Editors Network (GEN) called on the world’s media to focus attention on a press freedom crisis in Argentina where independent journalism is facing a major threat on 7 December 2012, the day announced by the government for the break-up of the Clarin Group, the country’s main independent media organization.
