Energy & Oil

• Tuesday, January 19th 2016 - 08:14 UTC

  Falklands' representative at the Caribbean premier energy conference

  

  The Falkland Islands' government is attending the annual January 18/20 Trinidad and Tobago Energy Conference sponsored by the Energy Chamber of the Caribbean country. Member of the Legislative Assembly Ian Hansen is representing FIG at what is considered the premier energy conference in the Caribbean which promotes vigorous debate and discussion among leaders of the industry, government and academia.

• Tuesday, January 19th 2016 - 08:06 UTC

  Falklands oil explorers Rockhopper Exploration and FOGL completed merger

  

  Two leading firms in Falkland Islands offshore oil exploration have completed their merger, it was announced on Monday.

• Monday, January 18th 2016 - 08:15 UTC

  Petrobras increased pre-salt oil production by 56% during 2015

  

  Brazil's state-controlled oil company Petrobras said it increased its crude production last year by 4.6% relative to 2014, exceeding the target set forth in its business plan for the first time in 13 years. Oil output in 2015 amounted to an average of 2.128 million barrels per day (bpd), up 0.15% from the 2.125 million bpd forecast by the company.

• Monday, January 18th 2016 - 05:34 UTC

  War between Saudi Arabia and Iran could send oil prices to $250

  

  By James Stafford of Oilprice.com - The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries. The back-and-forth escalation quickly turned the simmering tension into an overt struggle for power in the Middle East

• Thursday, January 14th 2016 - 06:11 UTC

  Falklands' Sea Lion development will utilize 18 wells to recover 220 mmbbls, anticipates Premier Oil

  

  Premier Oil provided on Wednesday a Trading and Operations Update ahead of its 2015 Full Year Results which will be announced on Thursday 25 February 2016, which included an upbeat on its Falkland Islands operations mainly at the Sea Lion field.

• Tuesday, January 12th 2016 - 06:50 UTC

  Brazilian prosecutors looking into possible foreign and local banks involvemrny in Petrobras corruption

  

  Brazil's federal tax authority and prosecutors are investigating 13 foreign and local banks for possible financial crimes intermediating loans to Brazilian engineering conglomerate Grupo Schahin, newspaper O Estado de S Paulo says.

• Monday, January 11th 2016 - 11:14 UTC

  Falklands' reveals oil at the Isobel/Elaine project and several adjoining fans

  

  Rockhopper Exploration and Falkland Oil and Gas Ltd have confirmed a significant oil discovery at the Isobel/Elaine project to the north of the Falkland Islands. According to a release from the companies the new 14/20-2 well was a ‘re-drill’ of the prior Isobel Deep well which had to be abandoned prematurely due to operational issues despite encountering oil.

• Friday, January 8th 2016 - 18:15 UTC

  Petrobras plans further 2016/20 investments cuts, says Sao Paulo media

  

  Brazil state-run hydrocarbons giant Petrobras will reportedly present a five-year investment plan next month with a target lower than the US$19 billion plan announced last year. Despite two budget cuts last year, Petrobras' plans for the 2016 to 2020 period will include a further drop, with the cuts expected to come from onshore and shallow-water areas, according to a report in the Brazilian daily Estado de S Paulo.

• Thursday, January 7th 2016 - 09:19 UTC

  Rockhopper faces challenge with offshore exploration project in Italy

  

  Rockhopper Exploration PLC on Wednesday was forced back to the drawing board to review its Ombrina Mare project offshore Italy after the country's parliament reintroduced restrictions on activity near the coast. The news could be a blow to the company, which is set to merge with Falkland Oil & Gas Ltd, after Falkland Oil shareholders approved the deal on Tuesday.

• Wednesday, January 6th 2016 - 12:02 UTC

  Falkland Oil & Gas closer to completing merger with Rockhopper Exploration

  

  Falkland Oil and Gas PLC late Tuesday took a step closer to completing the proposed all-share merger with fellow AIM-listed Rockhopper Exploration PLC after its shareholders voted in favour of the deal.