Wednesday, September 23rd 2015 - 08:22 UTC

Falklands Argos completes farm-out agreement with Noble and Edison

“The agreement will allow exploration drilling on the license, in the North Falkland basin, to proceed as part of the current 2015 drilling program”.

Falklands focused Argos Resources Limited confirmed the completion by its wholly owned subsidiary, Argos Exploration Limited of a farm out agreement with Noble Energy Falklands Limited and Edison International S.p.A in respect of its Licence PL001.

Saturday, September 19th 2015 - 07:32 UTC

Falklands stall at the Prado rural show “a great surprise and greater success”

“We are very satisfied, it has been a great surprise and greater success, and a very good initiative to participate in the rural show. Hopefully we will be back” said MLA Short

The UK GREAT pavilion at Uruguay's main agri-business exhibition in Montevideo received the top prize for its category while a stall from the Falkland Islands, tended to by Islanders, is estimated to have been visited by 10% of the more than half million visitors that attended the week-long Expo-Prado.

Wednesday, September 16th 2015 - 08:04 UTC

History made as first ever plane lands at St Helena: day to remember 09/15/2015

The aircraft crew comprised Captain Grant Brighton, Co-pilot and First Officer Dillan Van Niekerk, Chief Aircraft Engineer Jeffrey McKenzie (all of TAB Charters, SA) together with FCSL Chief Pilot, St

History was made on St Helena at 13.50hrs GMT Tuesday 15 September 2015, as a Beechcraft King Air 200 aircraft arrived from Angola and touched down at St Helena’s new Airport, prior to conducting a series of calibration flights.

Saturday, September 12th 2015 - 11:27 UTC

First landing ever in St Helena airport scheduled for next week as part of calibration flights

The aircraft is due to arrive between Sunday 13 and Thursday 17 September 2015, dependent upon suitable weather and other factors.

A historic milestone is set to be reached next week when a Beechcraft King Air 200 aircraft is due to land at the new St Helena Airport to carry out a series of calibration flights. This will be the first aircraft to land on St Helena, the island in the middle of the Atlantic Ocean.

Friday, September 11th 2015 - 09:41 UTC

Brazilian Real falls to its lowest against the dollar since 2002; central bank injected funds

Brazil’s benchmark stock index is down 20% over the past year and has dropped nearly twice that much since reaching a high in 2008.

A day after Standard & Poor’s slashed Brazil’s credit rating to junk, the Brazilian Real lost close to 2% by the end of the day to 3.865 per dollar—its weakest level since 2002. In an effort to stem the decline, Brazil’s central bank injected $1.5 billion into the financial system Thursday.

Thursday, September 10th 2015 - 07:52 UTC

Brazil loses investment-grade credit rating, with outlook remaining negative

S&P cut Brazil's rating to BB-plus, which means substantial credit risk, from BBB-minus. Outlook remains negative because of possible further downgrades

Standard & Poor's has stripped Brazil of its investment-grade credit rating, further hampering President Dilma Rousseff's efforts to regain market trust and pull Latin America's largest economy out of recession.

Friday, September 4th 2015 - 09:00 UTC

First oil production off Rio de Janeiro with FPSO 'Cidade de Itaguai', five months ahead of schedule

Moored 240km off Rio at a water depth of 2,240 meters, the FPSO is capable of processing  150,000bopd and 280 MM standard cubic feet of gas per day

MODEC Inc. announced on Thursday that its FPSO 'Cidade de Itaguai MV26', operating in the Iracema Norte area of Lula field, in the Pre-Salt layer of Santos Basin offshore Brazil, has achieved First Oil production on July 31, 2015, five months ahead of the schedule anticipated under the contract.

Friday, September 4th 2015 - 08:26 UTC

Falklands approves Noble and Premier plans to drill Rhea-1 and Jayne East

Attending Ex Co. plus the regular members were, Director of Mineral Resources, Stephen Luxton, and Head of Environmental Planning, Steve Butler.

The most recent meeting of the Falkland Islands' Executive Council (ExCo) was dominated by matters relating to oil exploration and development including recommendations for plans of Noble Energy and Premier Oil to go ahead with drilling of Rhea-1 and Jayne East wells.

Thursday, August 27th 2015 - 01:50 UTC

Montevideo to build a 1.000 meter-pier and storage facilities for fishing industry

The project will add 1,000 meters of piers and calls for filling 2.5 hectares, paving, installing a wastewater system, connecting utilities and fuel pumps

Spanish engineering and renewable energy company Abengoa announced it has won a contract to build a new fishing terminal in the port of Montevideo, Uruguay, a contract worth 81 million Euros ($93 million). The terminal will be constructed in Capurro, a district in Montevideo helping to expand the port's capacity, Abengoa said.

Tuesday, August 25th 2015 - 20:09 UTC

Falklands' Humpback exploration well results delayed until September

“Drilling on the Humpback prospect in the South Falkland basin is currently on-going” announced CEO John Martin

Falkland Oil & Gas Ltd told investors that drilling of the deep water Humpback exploration well in South Falkland basin has run into delays. They were described as ‘unforeseen equipment and operational issues’ and it has added just over a month to the schedule – to about 100 days from 65 planned days – so the well results are now expected during September.


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