Investments

• Saturday, September 26th 2015 - 07:43 UTC

  Falklands' oil companies agree to resume drilling at successful Sea Lion prospect

  

  Falkland Oil and Gas PLC on Friday announced it has agreed with Rockhopper Exploration PLC and Premier Oil PLC to drill another well on the Isobel/Elaine complex to replace the planned Jayne East well.

• Thursday, September 24th 2015 - 07:03 UTC

  Xi arrives in the US hoping for investments and pledging cooperation

  

  Seeking to warm bilateral ties and project a sunny climate for U.S. business, Chinese President Xi Jinping vowed on Wednesday to cut restrictions on foreign investment, while his chief Internet regulator appeared to lay the groundwork for a basic agreement later this week on cyber warfare.

• Wednesday, September 23rd 2015 - 08:22 UTC

  Falklands Argos completes farm-out agreement with Noble and Edison

  

  Falklands focused Argos Resources Limited confirmed the completion by its wholly owned subsidiary, Argos Exploration Limited of a farm out agreement with Noble Energy Falklands Limited and Edison International S.p.A in respect of its Licence PL001.

• Saturday, September 19th 2015 - 07:32 UTC

  Falklands stall at the Prado rural show “a great surprise and greater success”

  

  The UK GREAT pavilion at Uruguay's main agri-business exhibition in Montevideo received the top prize for its category while a stall from the Falkland Islands, tended to by Islanders, is estimated to have been visited by 10% of the more than half million visitors that attended the week-long Expo-Prado.

• Wednesday, September 16th 2015 - 08:04 UTC

  History made as first ever plane lands at St Helena: day to remember 09/15/2015

  

  History was made on St Helena at 13.50hrs GMT Tuesday 15 September 2015, as a Beechcraft King Air 200 aircraft arrived from Angola and touched down at St Helena’s new Airport, prior to conducting a series of calibration flights.

• Saturday, September 12th 2015 - 11:27 UTC

  First landing ever in St Helena airport scheduled for next week as part of calibration flights

  

  A historic milestone is set to be reached next week when a Beechcraft King Air 200 aircraft is due to land at the new St Helena Airport to carry out a series of calibration flights. This will be the first aircraft to land on St Helena, the island in the middle of the Atlantic Ocean.

• Friday, September 11th 2015 - 09:41 UTC

  Brazilian Real falls to its lowest against the dollar since 2002; central bank injected funds

  

  A day after Standard & Poor’s slashed Brazil’s credit rating to junk, the Brazilian Real lost close to 2% by the end of the day to 3.865 per dollar—its weakest level since 2002. In an effort to stem the decline, Brazil’s central bank injected $1.5 billion into the financial system Thursday.

• Thursday, September 10th 2015 - 07:52 UTC

  Brazil loses investment-grade credit rating, with outlook remaining negative

  

  Standard & Poor's has stripped Brazil of its investment-grade credit rating, further hampering President Dilma Rousseff's efforts to regain market trust and pull Latin America's largest economy out of recession.

• Friday, September 4th 2015 - 09:00 UTC

  First oil production off Rio de Janeiro with FPSO 'Cidade de Itaguai', five months ahead of schedule

  

  MODEC Inc. announced on Thursday that its FPSO 'Cidade de Itaguai MV26', operating in the Iracema Norte area of Lula field, in the Pre-Salt layer of Santos Basin offshore Brazil, has achieved First Oil production on July 31, 2015, five months ahead of the schedule anticipated under the contract.

• Friday, September 4th 2015 - 08:26 UTC

  Falklands approves Noble and Premier plans to drill Rhea-1 and Jayne East

  

  The most recent meeting of the Falkland Islands' Executive Council (ExCo) was dominated by matters relating to oil exploration and development including recommendations for plans of Noble Energy and Premier Oil to go ahead with drilling of Rhea-1 and Jayne East wells.