Energy & Oil

• Tuesday, March 20th 2012 - 17:21 UTC

  Falkland Oil and Gas in farmout agreement involving license areas and cash

  

  The exploration company Falkland Oil and Gas Ltd. (FOGL) has entered a farmout agreement with an unnamed party for its licenses south and east of the Falkland Islands.

• Monday, March 19th 2012 - 06:44 UTC

  Falklands’ oil company delays report on deep water exploratory drilling

  

  UK based oil firm Borders & Southern pushed back the time frame for initial results from an exploration campaign offshore the Falkland Islands after a deep water well experienced technical issues.

• Sunday, March 18th 2012 - 19:53 UTC

  Top executives from Chevron barred from leaving Brazil because of oil spills case

  

  A Brazilian court barred 17 executives from Chevron and Transocean from leaving Brazil, pending criminal charges related to a high-profile oil spill last November. A second oil spill detected last week further complicated the situation.

• Sunday, March 18th 2012 - 19:50 UTC

  HMS Illustrious, command ship in tough Arctic weather training

  

  Royal Navy helicopter carrier HMS Illustrious is in the midst of NATO Exercise Cold Response, based in the Arctic. Illustrious is the command ship for Major General Ed Davis, Commandant General Royal Marines, who, with his Commander Amphibious Forces staff, is directing the movements of allied warships.

• Sunday, March 18th 2012 - 19:48 UTC

  Unasur supports Argentine Malvinas and call on UK to resume negotiations

  

  Foreign ministers from the Union of South American Nations (UNASUR) reaffirmed their support for Argentina over the Malvinas Islands sovereignty dispute at the annual meeting held in Asunción, Paraguay.

• Saturday, March 17th 2012 - 07:21 UTC

  YPF is an Argentine asset run by Spanish investors, De Vido tells Madrid

  

  Argentine Planning Minister Julio de Vido lashed out at Spanish Industry Minister José Manuel Soria by saying that oil company YPF is an Argentine corporation run by Spanish investors and should not be considered an asset of the European country.

• Saturday, March 17th 2012 - 06:10 UTC

  US confirms ‘neutral position’ in Falklands’ dispute; hopes for cooperation on practical issues

  

  United States stated that it maintains its “neutral position” over the Falklands/Malvinas Islands dispute between Argentina and UKand hopes for an agreed solution, an official source of the US government assured after the three day visit of British Prime Minister David Cameron which included several meetings at the White House

• Saturday, March 17th 2012 - 06:01 UTC

  EU ministers agree to free trade pact with Colombia and Peru

  

  EU trade ministers agreed on Friday to approve a free trade pact with Colombia and Peru that could boost European car and chemical exports and lift food and mineral exports from the South American countries.

• Friday, March 16th 2012 - 19:05 UTC

  Falklands tells Argentina latest intimidation and bullying efforts are entirely counter-productive

  

  The elected government of the Falkland Islands said on Friday it regrets the latest attempt by the Argentine government to economically undermine the Islanders way of life, which is yet another example of intimidation and bullying towards a country of 3.000 people.

• Friday, March 16th 2012 - 08:37 UTC

  Argentina promises legal actions against all companies involved in Falklands’ oil industry

  

  Argentina will take legal action at home and abroad against any companies involved directly or indirectly in hydrocarbons exploration off the Falkland/Malvinas Islands, Foreign Minister Hector Timerman said on Thursday.