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%.
The semi-submersible oil rig oil rig Eirik Raude entered Falkland Islands waters to the north this week and has already been served by supply vessels and undergone a crew change operation. The Eirik Raude will shortly begin a six-well drilling campaign operated by Premier Oil and Noble Energy.
Falkland Islands will this month begin to grapple with the big questions about how oil and gas development will impact on their society and culture. The start of a series of focus groups run as part of the Social Effects Monitoring Programme study, led by Regeneris Consulting, and Falkland Island partners Karen Lee and Carolyn Montgomerie, reports the Penguin News in its latest edition.
Germany wants to speed negotiations for a free trade agreement between the European Union and Mercosur, said Foreign minister Walter Steinmeier in Brasilia. The agreement has been pending since 1999 when discussions started but so far have been unable to reach a deal or commit a date because of internal problems from both sides.
Argentina's top officials will meet on Thursday with representatives from the Argentine Industrial Union, UIA, to discuss some clauses and aspects of the recent agreements signed between China and Argentina last week, and which have been questioned by the manufacturers' lobby.
Holdouts open new front in dispute with Argentina: officials dramatic increase in their personal wealth
US holders of defaulted Argentine bonds have stepped up their campaign for full repayment of their loans by detailing how 14 senior Argentine officials experienced “dramatic and often unexplained increases” in their personal wealth during service in the Kirchner administrations.
Ratings agency Standard and Poor's on Monday downgraded Venezuelan long-term credit ratings to CCC from CCC+, citing falling oil prices and the government's failure to address economic distortions.
A new record price for an artwork, nearly 300 million dollars, may have been achieved with the sale of a Paul Gauguin canvas by a Swiss collector. The buyer is rumored to be the Qatar Museums.
Qatar Airways has emerged as the owner of a 10% stake in International Airlines Group (IAG), the owner of British Airways (BA) and Iberia. The Gulf airline is already a member of the Oneworld Alliance.
Cristina Fernandez hails 'strategic partnership' with China; blasts Argentine industry for mistrusting agreements
President Cristina Fernandez expressed her satisfaction for the over 1,000 businessmen that attended the Argentinean-Chinese forum she presided in Beijing and praised the 'strategic partnership' with China. The president also rejected criticism voiced by the Argentine Industrial Union (UIA) against her trip to China and the bilateral deals reached.