Tag: Falkland Islands Oil and Gas (FOGL)

• Wednesday, June 15th 2016 - 11:27 UTC

  Falklands Holdings expects quieter period following suspension of oil exploration but trusts increased tourism

  

  Falkland Islands Holdings PLC on Tuesday reported a fall in pre-tax profit for its recently ended financial year, and said it expects to see a quieter period in the Falklands for the year ahead, to be offset by its Portsmouth Harbour Ferry and Momart businesses.

• Thursday, February 18th 2016 - 06:19 UTC

  Falklands' oil industry continues to advance, despite current low prices

  

  Despite current low oil prices, the oil and gas industry in the Falkland Islands is continuing to go from strength to strength as its first project, Premier Oil’s Sea Lion, moves closer to commercialization, according to an analyst with research and consulting firm GlobalData.

• 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 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.

• Wednesday, November 25th 2015 - 07:50 UTC

  Falklands' oil industry deal: Rockhopper will take over FOGL for £57.1m

  

  Falkland Islands oil & gas explorer Rockhopper Exploration is launching a £57.1mln takeover of rival Falkland Oil & Gas. Rockhopper and FOGL have agreed a recommended all-share merger resulting in Rockhopper holding 65% of the enlarged group and FOGL owning the rest.

• Wednesday, November 25th 2015 - 00:02 UTC

  Falklands' oil industry re-spuds Isobel Deep reservoir

  

  Falkland Oil and Gas Limited, FOGL, one of several international companies involved in the Falklands' oil industry, announced on Monday that the 14/20 Isobel 2 well was spudded by Premier Oil as operator on Saturday, 21 November.

• Saturday, October 17th 2015 - 06:54 UTC

  Falklands' southeast exploratory well has found 'oil and gas shows', says FOGL

  

  Exploring group Falkland Oil and Gas Ltd. said on Friday the Humpback 53/02-01 exploration well to the southeast of the Falkland Islands has found oil and gas shows, while wire-line logging indicates there are hydrocarbons bearing sandstones within the main target area.

• Saturday, April 25th 2015 - 06:19 UTC

  Malvinas' oil rig drilling 'technical problem' triggers strong concern release from Argentina

  

  Argentina's Foreign Ministry expressed concerns on Friday over the failure in the blow-out preventer, BOP, valve of the “Isobel Deep” exploration well currently being drilled to the north of the Falklands/Malvinas Islands, as reported by Falkland Oil and Gas Limited (FOGL).

• Saturday, April 25th 2015 - 06:04 UTC

  Falklands' oil drilling at Isobel Deep suspended two weeks because of a technical problem

  

  Oil explorers drilling in the waters north of the Falkland Islands have suspended work on the second well of their 2015 current six-well drilling campaign after a technical problem, two of the companies involved said on Friday.

• Monday, March 30th 2015 - 06:58 UTC

  Falklands' oil industry advances despite the fall in oil prices, according to FT

  

  A recent piece from the Financial Times points to the fact that despite the remoteness of the Falkland Islands, the fall of international oil prices and the ongoing conflict with Argentina, this has not impeded small oil and gas companies from going ahead with exploration, and hopefully before 2020 production, in the Islands waters.