Tag: Falkland's oil industry

• Monday, August 31st 2026 - 08:47 UTC

  Falklands’ oil industry, Rockhopper plans equity raise for second FPSO

  

  Rockhopper Exploration is planning an equity capital raising to fund its share of a second FPSO, (OSX-1), for the Sea Lion oil field development in the Falkland Islands, since operator Navitas Petroleum exercised its option to acquire the vessel for some US$ 125 million with the purpose of further adding production to 125.000 barrels of oil per day.

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• Thursday, March 17th 2016 - 06:01 UTC

  Falklands' oil industry making steady advance 'with positive signs from Argentina', says GlobalData

  

  Falkland Islands' oil and gas industry is making steady advancement in spite of global concerns about falling prices, according to new analysis by GlobalData. With positive signs coming from the neighboring Argentina, which recently witnessed a change in government, the Falklands is preparing to commercialize production of its first oil project, Premier Oil's Sea Lion.

• Saturday, January 30th 2016 - 12:04 UTC

  Falklands with a medium term financial surplus of £4.325 million

  

  For the first six months of the 2015/16 financial year, the Falkland Islands Government is showing a Medium Term Financial Plan surplus of £4.355 million compared to a revised budget surplus of £30,000; a favorable performance of £4.325 million.(*)

• Monday, October 19th 2015 - 10:16 UTC

  Bristow adds new hangar to support Falklands' oil and gas industry

  

  Bristow has added a new hangar and modular offices at Stanley Airport in the Falkland Islands to help improve operational efficiencies for oil and gas commercial services and search and rescue (SAR) support.

• Tuesday, July 21st 2015 - 04:28 UTC

  Falklands' oil industry: Mercosur special declaration in support of Argentina's Malvinas dispute

  

  The latest Mercosur summit, held last week in Brazil included a special statement, --besides the main regular declaration with 69 articles--, blasting the UK for violating international law and Argentine domestic law over the exploration of hydrocarbons “in the Argentine continental shelf in proximity of the Malvinas Islands”.

• Wednesday, June 3rd 2015 - 08:18 UTC

  Falklands faces fiscal 2015/16 with surplus budget, all industries prospering and 1.4% inflation

  

  The Falkland Islands Legislative Assembly received on Tuesday the Appropriation Bill which allows for expenditure of £61.4M pounds in the fiscal year 2015/16, supported by revenues of £56.9M and a projected £4.9M from oil and gas exploration, thus completing another surplus year.

• Wednesday, March 25th 2015 - 07:07 UTC

  Falklands' economy performance impressive, although volatile and vulnerable

  

  The Falkland Islands economy has witnessed impressive, although volatile, growth in recent years with unemployment rates low enough to be the envy of most countries in the world and the government is free of debt, according to the latest “State of the Economy” released by the Falklands Policy Unit.

• Thursday, November 6th 2014 - 21:50 UTC

  Falklands oil industry regulated by UK North Sea standards, one of the highest in the world

  

  The elected government of the Falkland Islands has strongly refuted remarks by Argentine official 'Malvinas Secretary' Daniel Filmus, published in The Guardian, in which he states that hydrocarbons activities in the Falklands are environmentally reckless, and describes Filmus words as “yet another example of the Argentine's government futile efforts to damage the Falklands economy”

• Friday, February 7th 2014 - 06:52 UTC

  Falklands oil industry: Premier ratifies its commitment to develop Sea Lion

  

  Britain's Premier Oil said it was seeking a partner for an oil development in the Falkland Islands in order to reduce its exposure to the 5.2 billion dollar project and make higher payouts to shareholders.

• Wednesday, December 18th 2013 - 06:19 UTC

  Falklands oil industry: Buenos Aires rejects UK formal protest; 'Malvinas are Argentine'

  

  Argentina formally rejected on Tuesday the United Kingdom's 16 December protest against the latest Argentine hydrocarbons legislation which seeks to criminalize oil industry activities in Falklands/Malvinas Islands waters and which London argues is not applicable to the Islands.