Premier Oil spudded its first 2015 Falklands drilling campaign well, 14/15-5, using the Eirik Raude semisubmersible drilling rig on the Zebedee prospect on 6 March. The well, on license PL004b, will test a total of seven stacked fan bodies with varying geological chances of success (GCoS) of 9-52%.
Following a meeting of the European Central Bank's rate-setting Governing Council in Cyprus on Thursday, ECB president Mario Draghi said the bank would start buying sovereign bonds from Euro zone countries on Monday next week.
Shares in China fell after the country's government set its official growth target at 7% for this year. The rate is lower than last year's target of 7.5%, which China missed after it grew at the slowest pace in 24 years. The Shanghai Composite closed down 1% at 3,248.48, while Hong Kong's Hang Seng ended 1.1% lower at 24,193.04.
American billionaire Paul Allen has announced the discovery of the famous World War Two Japanese battleship, the Musashi, more than 70 years after it was sunk by US forces. Mr, Allen said the vessel was found by his private exploration team. It was at a depth of more than 1km on the floor of the Sibuyan Sea off the Philippines.
Mercosur as a unified space has failed and Argentina must start thinking in a new partner, which could be the Pacific Alliance said one of Argentina's main businessmen with interests in a diversified portfolio, Eduardo Eurnekian. He made the statement on the sidelines of the World's Chambers Federation executive board meeting in Buenos Aires.
Argentine farmer organizations lashed back at Agriculture minister Carlos Casaquimela who questioned a three-day strike announced for next week to protest government policies, and which he described as 'unjustifiable'.
Brazil's currency, the Real slid past three to the dollar (3.01) for the first time in 10 years on Thursday, in the latest sign of weakness of Latin America's largest economy.
The ex-wife of late special prosecutor Alberto Nisman, who was found fatally shot in his Buenos Aires apartment on Jan. 18, hours before he was supposed to brief Argentina's Congress about his accusations against President Cristina Fernandez, said Thursday that an independent forensic report shows that he was murdered.
The South Atlantic Air-bridge linking RAF Brize Norton in the UK with the Falkland Islands will no longer fly nationals from a list of countries and although no specific reasons were given, the release underlines that the “Ministry of Defense places the greatest importance on the security of its people, facilities and operations”.
The Conservative Government will never discuss the future of Gibraltar’s sovereignty against the wishes of its people, UK Foreign Secretary Philip Hammond told the House of Commons this week.