Energy & Oil

Energy & Oil
Monday, June 29th 2015 - 20:25 UTC

Strangling Falklands' hydrocarbons industry is 'unacceptable' with dangerous implications for global business

“We have been absolutely clear that Argentine domestic law does not apply in the Falkland Islands nor in the waters that surround them”

The government of Argentina's campaign to strangle the Falkland Islands hydrocarbons industry is 'unacceptable' and taking action against British and international oil and gas companies has dangerous implications for global business, warned Foreign Office minister Hugo Swire on Monday reacting to an Argentine federal court ordering the seizure of UK and US assets involved in Falklands' operations.

Monday, June 29th 2015 - 19:45 UTC

Falklands elected government: “Argentina courts have no jurisdiction in the Falklands”

“The Falkland Islands is an Overseas Territory of the UK, and not subject to the laws of Argentina or any of its provinces”, underlined MLA Summers

“Argentine courts have no jurisdiction in the Falkland Islands”, said Falklands' lawmaker Mike Summers early Monday in response to the latest Argentine attempt into bullying the Islands and derailing its economy.

Monday, June 29th 2015 - 05:38 UTC

Argentine judge orders seizure of Falklands' oil companies assets

Timerman anticipated that on Monday he will formally request that the stock exchange regulators in London and New York implement the judge's order.

Argentina will pursue in Britain and the United States a local judge's order to seize assets of oil drillers operating in the disputed Falklands Islands, the Argentine foreign minister Hector Timerman said in an interview published in a government financed newspaper on Sunday.

Friday, June 26th 2015 - 06:23 UTC

Petrobras bribery case reaches US courts on investors' class action lawsuit

Brazil's state-run oil company Petrobras urged a U.S. judge on Thursday to throw out an investors' class action lawsuit claiming a multibillion-dollar bribery scandal overvalued it for years. Speaking at a hearing in federal court in New York, Petrobras lawyer Roger Cooper said the company itself was a victim of the fraud, which he said was orchestrated by a handful of individuals.

Thursday, June 25th 2015 - 07:22 UTC

Guyana gives assurances to Exxon to keep exploring for oil, despite Venezuela's threats

Granger said Exxon has nothing to fear since it is operating in Guyana’s exclusive economic zone and it has the weight of international law behind it

Venezuela’s recent claim on Guyana’s maritime territory is a “legal absurdity” and US oil firm ExxonMobil will continue to work as scheduled, President David Granger has said. Labeling Caracas’ claim as the worst intrusion the country has ever had on its sovereignty, the President said his government has made its position on the claim by Venezuela clear to the oil company.

Tuesday, June 23rd 2015 - 06:17 UTC

Falklands engineer invited to speak on wind energy in Trinidad Tobago

Glenn Ross, from the Falkland Islands government, will talk about ”The integration of Wind Power into small (2MW) diesel systems”.

Glenn Ross from the Falkland Islands will be speaking on wind energy and integration to diesel systems at the annual conference of Trinidad and Tobago Professional Engineers Association (APETT) scheduled for June 25/26 at Point Lisas.

Thursday, June 18th 2015 - 06:34 UTC

Punta Arenas rescues semi-submersible rig stranded in the port's muddy bottom

The Zhen Hua 28 was stuck in a sand and muddy bottom, probably up to four meters deep, but was impressive because of its size

A semi-submersible rig of Chinese origin commissioned to Total and which grounded 200 meters from the coast in Punta Arenas following strong winds and tides that let it lose from its moorings in the port, has been rescued on the high tide. Apparently the huge vessel has not suffered major 'visible damages', reports La Prensa Austral.

Wednesday, June 17th 2015 - 04:38 UTC

Falklands have a bright future and Islanders the resolve to face harassment and bullying

Foreign Office Minister Hugo Swire MP delivers his speech

The Falkland Islands have a bright future, not without challenges, or harassment or bullying, but the Islanders will face them with the same strength, tenacity and resolve that helped them through the conflict 33 years ago, said Foreign Office minister Hugo Swire at the annual Falklands' Government Reception in London.

Tuesday, June 16th 2015 - 05:13 UTC

Gas leak forces Petrobras to halt production at offshore platform: second incident in a month

The P-40, located about 175 kilometers off the coast of Rio de Janeiro state, is at the hub of a network of five platforms in Marlim Sul

Brazil's Petrobras halted production on Sunday from its P-40 platform in the offshore Marlim Sul field after a gas leak on the vessel, an oil workers' union and the country's petroleum regulator said on Monday.

Tuesday, June 16th 2015 - 00:40 UTC

Falklands' rig drilling to the south east of the Islands at Humpback prospect

This is the third out of six wells to be drilled during the current exploratory round

Falkland Oil & Gas Ltd. said on Monday that drilling had started at the Humpback exploration well off the south-east coast of the Falkland Islands. The spudding of the well actually took place last Saturday.


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