Tuesday, September 25th 2012 - 23:56 UTC

FOGL spuds the second well of its exploration program to the east of Falklands

The rig Leiv Eriksson is drilling 315 kilometres east-northeast from Stanley

Falkland Oil and Gas, FOGL, announced on Tuesday that last 25 September it spudded the Scotia exploration well to the East of the Falkland Islands. The well FI 31/12-01 is located 315 km east-northeast of the Islands capital Stanley, and 114 km from the Loligo prospect.

Tuesday, September 11th 2012 - 05:02 UTC

Falkland Oil & Gas expected to announce results of drilling in next few days

The Leiv Eiriksson rig operating in the south of Falklands

Falkland Oil and Gas has provided an update on drilling operations at its Loligo prospect, following market speculation which has seen the value of the companies shares fall by almost 30% at one point on Monday.

Friday, August 10th 2012 - 07:03 UTC

Falklands, an “excellent investment destination” for the oil industry

A vote of confidence to the many opportunities in the Falklands, said Director of Mineral Resources Stephen Luxton

The Falkland Islands Government has welcomed the news of a farm-in agreement between Falkland Oil and Gas Ltd and US based Noble Energy which was announced on Monday and confirms the Falklands as an “excellent investment destination”.

Thursday, August 9th 2012 - 01:34 UTC

Falklands’ oil explorer says deal with US company is “not politically motivated”

The Chief Executive of Falkland Oil and Gas Ltd, FOGL, has said that its farm out agreement with Texas based US firm Noble Energy is not “politically motivated”, according to a report by the Daily Telegraph.

Wednesday, August 8th 2012 - 07:06 UTC

Argentina complains involvement of Texas company in Falklands’ oil activities

Ambassador Argüello was sent directly to the State Department to deliver the message

President Cristina Fernandez government expressed its deep disappointment directly to the State Department following the announcement that the Texan oil company Noble Energy would become involved in hydrocarbons activities in the Falkland Islands.

Wednesday, June 27th 2012 - 16:04 UTC

Falkland Oil & Gas confirms Italian/French partner for drilling in South Atlantic

Edison International Spa is owned by one of the world’s largest energy corporations, French group EDF

London AIM listed Falkland Oil & Gas (FOGL) said Italian utility Edison International Spa was its new partner, bringing in a large, non-British company to help it look for hydrocarbons in the Falkland Islands.

Wednesday, May 23rd 2012 - 01:16 UTC

Falkland Oil & Gas expects farm-in deal with “a listed independent” firm

FOGL CEO Tim Bushell made the announcement during an interview with Reuters

The political noise stirred up by Argentina over the Falkland Islands will not deter big energy firms from investing in the region if there is enough oil found to make it worthwhile, said the chief executive of exploration company Falkland Oil & Gas.

Wednesday, May 16th 2012 - 21:34 UTC

Indian oil and gas company desists from Falklands’ exploration partnership

ONGC Videsh expressed interest for two oil and gas blocks up for offer

After having to abandon its oil and gas assets quest in Vietnam off the South China Sea India has asked ONGC Videsh Limited (OVL) not to go ahead with its acquisition of hydrocarbon assets located in deep water in Falkland Islands

Tuesday, March 20th 2012 - 17:21 UTC

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

Tim Bushell FOGL CEO, “greater flexibility to our drilling plans”

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.

Friday, February 17th 2012 - 03:59 UTC

UK analysts says Falklands’ oil industry could be worth 180 billion dollars in royalties and taxes

Stanley is working on infrastructure for the oil industry

A leading UK market and investment analyst, Edison Investment Research looks at the prospects of the Falkland Islands oil industry and suggests the industry could be worth 180 billion dollars in royalties and taxes.


Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!