Stories for 2019

Monday, January 14th 2019 - 06:40 UTC
Premier record oil production helps significant cuts in its debts

Premier Oil has taken advantage of its second consecutive year of record oil production to make larger than expected cuts into its still-significant debts. The London-listed oil and gas developer, with interests in the Falkland Islands, expects its financial results to reveal end-of-year debts of US$2.3 billion, after removing US$390 million from the total following a sharp rise in oil output.
Monday, January 14th 2019 - 06:28 UTC
EU fishing discards' ban policy became effective this month: challenge for industry

On 1 January, the wasteful practice of throwing fish discards overboard became illegal in waters of the European Union. Scientists believe the policy will lead to more efficient fisheries and eventually boost stocks.
Monday, January 14th 2019 - 00:50 UTC
Detention of the Venezuelan Parliament President shows the “rupture” in the Maduro regime

Officials of the Bolivarian Service of National Intelligence (Sebin) retained the deputy Juan Guaidó, President of the National Assembly (AN) and Venezuela’s President-in-charge, when he was going to an open Parliament hall in the north of the country. Minutes later, the parliamentarian was released and attended to the event with a wounded hand and ensuring that the Armed Forces do not want Nicolás Maduro, president considered “de facto” by the Parliament and part of the international community.
Saturday, January 12th 2019 - 11:12 UTC
Venezuela in conflict of powers: Maduro took office, but Guaidó shows as president while Venezuelans protest

It seemed sure that, starting January 10, Venezuela would experience high uncertainty. Nicolás Maduro swore in the presidency for the 2019-2015 government period in front of the Supreme Court of Justice (TSJ), when the constitution of that country dictates that it is before Parliament that the president must present the inauguration. Both the international community and the National Assembly (AN), declared in contempt by the Supreme Court, mark Maduro as an usurper. The illegitimacy of the president is discussed globally and Juan Guaidó is recognized as interim president of the Republic.
Saturday, January 12th 2019 - 10:46 UTC
Falkland Islands Representative in UK to retire next October

The Falkland Islands Government announced on Friday that Mrs Sukey Cameron MBE, the Falkland Islands Government Representative in the UK, is to retire in October 2019.
Saturday, January 12th 2019 - 10:39 UTC
Argentina calls on Venezuela and Guyana for a peaceful resolution to the Essequibo controversy

Argentina has called on Venezuela and Guyana to favour dialogue and a peaceful resolution, in conformity with International Law, regarding their territorial controversy over the region of Essequibo.
Saturday, January 12th 2019 - 10:34 UTC
Excessive high-risk premium for Argentine assets, claims Macri official

Investors have placed an excessively high-risk premium on Argentine assets compared to their peers, according to Finance Secretary Santiago Bausili, quoted in a report by Bloomberg. Argentina's country risk rating has been hovering at 7.0 percentage points.
Saturday, January 12th 2019 - 10:28 UTC
Petrobras turmoil: new CEO pushing for renewal of board members

The new chief executive of Brazil’s Petrobras is pushing for the ouster of two of the state-controlled oil company’s board members. Roberto Castello Branco is seeking the resignation of two Petrobras board members, Segen Estefen and Durval Soledade, whose mandates were only supposed to end in 2020.
Saturday, January 12th 2019 - 10:22 UTC
EU multinationals refuse to collaborate with Brazil justice investigating Petrobras corruption

Commodities trader Trafigura has refused a judge's order to hand over the email archives of two former executives in Brazil who are facing corruption charges over accusations they bribed officials at state-run oil firm Petrobras.
Friday, January 11th 2019 - 21:23 UTC
Ascension Island MPA; satellite data suggests conservation success likely

If United Nations goals are met, 10% of the world’s oceans could be marine reserves by 2020, but it has been suggested that many of these reserves will represent protection on paper but not in practice. However, new research trialling remote satellite monitoring of illegal fishing activity in the protected waters of Ascension Island from the Oxford Program of Sustainable Oceans suggests that here at least these “paper park” fears are not fully supported by evidence.