Stories for June 2010

Friday, June 4th 2010 - 06:52 UTC
Rockhopper has confirmed the first Contingent Oil Resource in the Falklands.

Sam Moody, Managing Director, commented:”Our analysis of the data from the Sea Lion well suggests that there is significant potential upside on our acreage and our technical effort will now focus on integrating all of our new knowledge of the basin so we can understand and identify the best prospects for future drilling.”
Friday, June 4th 2010 - 05:11 UTC
Mounting pressure in Argentina for Justice to order removal of pickets

Pressure is mounting in Argentina for pickets blocking an international bridge leading to Uruguay to be ordered removed by a court order, following Wednesday’ presidential summit when Uruguay’s Jose Mujica and Argentina’s Cristina Fernandez de Kirchner agreed on a joint agenda of pending issues.
Friday, June 4th 2010 - 05:07 UTC
G-20 challenge: how to reduce deficits and not kill incipient economic recovery

Disagreements over how quickly to reduce inflated budget deficits and restore balance to the global economy risk will be one of the main issues to be addressed at the high-level Group of 20 talks this week in South Korea.
Friday, June 4th 2010 - 05:05 UTC
Bernanke raises concern over persistent high unemployment

Lending to small businesses inn the United States is declining, thus making it more difficult to come to grips with the persistent problem of high unemployment, admitted Federal Reserve Chairman Ben Bernanke.
Friday, June 4th 2010 - 05:02 UTC
France’s iconic Le Monde prepares to receive new owners

French newspaper Le Monde is to take its controlling ownership stake out of the hands of editorial staff and sell it to an outside buyer. The paper, which has a centre-left political bent, was created after France was freed from Nazi rule in 1944 and is one of the country's most respected publications.
Friday, June 4th 2010 - 03:26 UTC
Falkland Islands love to drink wine according to California’s Wine Institute

The Falkland Islands figure among the world top ten per capita wine consumption countries according to the Wine Institute (2008), which brings together all of California’s wineries and vineyards and manages a vast inventory of statistics with commercial purposes.
Friday, June 4th 2010 - 01:26 UTC
Argentina planning to develop nuclear powered vessels for the Navy

Argentina is seriously considering incorporating nuclear powered vessels to the Navy and constructing topsides for naval ships and oil rigs. However this will have to be developed with Argentine technology, said Defence minister Nilda Garré.
Friday, June 4th 2010 - 00:42 UTC
Argentine record tax revenue also transcends soaring inflation

Argentine tax revenue soared in May in line with robust economic growth as consumers spent more on goods and services and prices rose amid soaring inflation. According to official data from AFIP, the federal tax revenue agency collected 44% more revenue in May than it did a year ago.
Friday, June 4th 2010 - 00:37 UTC
Transparency International calls on OAS for strong anti-corruption action

The urgent need to take anti-corruption from rhetoric to actions is a decisive challenge for the 33 heads of state meeting at the General Assembly of the Organisation of American States (OAS) taking place from 6-8 June in Lima.
Friday, June 4th 2010 - 00:33 UTC
Falklands’ scientists detect North Pacific Ocean species in South Atlantic

Deep sea fish species found in the North Pacific Ocean have mysteriously been caught in the southwest Atlantic in Falkland Islands waters. It is unclear how the animals, a giant rattail grenadier, pelagic eelpout and deep sea squid, travelled so far, according to a report by Matt Walker, Editor of Earth News.