Tag: Premier Oil plc
Premier Oil plcFalkland Islands as oil-producing country: boon or blight?
For some, the prospect of the Falkland Islands becoming an oil-producing country creates exciting visions of opportunity, while for others it seems like a nightmare. What is certain is that oil, like sheep and fishing before it, will inevitably bring changes to both our wealth and our way of life.
Falkland Island's booming economy: request to develop two 200-bed accommodations
In anticipation of the business opportunities the oil industry will bring to the Falkland Islands, a leading company has plans to build in the capital Stanley two temporary 200-bed accommodations, according to the planning applications received.
Falkland Islands’ Sea Lion project will demand 5bn dollars and first oil is expected 2017
UK independent oil and gas Premier Oil company said that the Falkland Islands Sea Lion project is one of their biggest operations undertaken to date involving an investment of 5 billion dollars with first oil expected sometime in 2017.
Argentina dismisses referendum; warns Falklands’ oil industry “unfeasible” without regional ties
The referendum on the fate of the Falkland Islands is a publicity stunt with no legal status, Argentina's ambassador to Britain said on Monday, warning that oil exploitation around the territory was impossible without better regional ties.
Argos Resources storms ahead of its Falklands’ oil drilling rivals
Argos Resources the only Falklands explorer to not drill a well has had the most successful year of them all in share price terms. Results of interpretation of 3D seismic data are encouraging with a number of prospects identified and the company is looking for industry partners to take exploration drilling forward. Year to date share price performance: up 107.92% at 24.95p.
Rockhopper planning minimum three wells offshore Falklands in 2014
Rockhopper Exploration which discovered oil offshore the Falkland Islands in 2010 at its Sea Lion prospect is planning a minimum of three exploration and appraisal wells on its North Falkland Basin acreage in 2014 including Sea Lion satellites Casper, Casper South, and Beverley.
Mixed bag for Noble Energy: oil in Gulf of Mexico and plugged well in the Falklands
Noble Energy Inc. (NBL) unveiled a discovery in the Big Bend exploration area in the Gulf of Mexico as it also abandoned another well off the shore of the Falkland Islands that yielded a low-quality reservoir.
Falklands extends Rockhopper licences to evaluate further oil potential
The Falkland Islands government has granted a one year extension for Rockhopper Exploration’s production licences PL023 and PL024. The licences, in which Rockhopper has a 40% interest, have been extended until November 2013, with no requirement for the operator to perform further work on the licences in that time.
Hedge funds quietly investing in Falklands’ oil exploration companies
Hedge funds have been quietly building up stakes in the oil explorers operating off the Falkland Islands betting that companies will ignore the threats made by Argentina to disrupt the activity, according to a Reuters’ piece published this week.
Falklands to build a new deep-water port to cater for the oil and gas industry
The Falkland Islands will have a new deep-water port facility capable of meeting the demands of all incumbent industries it was announced following this week's meeting of Executive Council (ExCo).
