Tag: Falklands Oil

Wednesday, October 16th 2024 - 08:25 UTC
Falklands, Rockhopper Exploration disposes of Italian assets to focus on Sea Lion

Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin (“NFB”), has announced it has put in place an insurance policy to cover the event that the Italian Republic succeeds in its attempt to have the Rockhopper Ombrina Mare Arbitration Award annulled and has also signed a share purchase agreement with Zodiac Energy Limited to exit its other Italian assets.
Tuesday, October 11th 2022 - 10:55 UTC
Argentina has ten companies in the “bad boys” list for involvement in Falklands oil activities

The Argentine Secretary of Malvinas affairs has included another oil company with interests in the Falklands hydrocarbons industry in the “list of bad boys” for allegedly operating without authorization from Argentina.
Tuesday, April 12th 2022 - 10:09 UTC
Falklands oil company shares skyrocket following extension of license

Argos Resources shares surged 23% to 2.4p on news that the Falkland Islands government extended its second term PL001 license. The Falklands Islands-based explorer will not need to commit to any additional work to be granted the license between 1 May 2022 and the year-end.
Tuesday, October 27th 2020 - 08:41 UTC
Falklands awards extension of oil licenses until 2022 to Borders & Southern

Oil company Borders & Southern Petroleum said it has been granted an extension to its Falkland Islands licenses.
Friday, August 28th 2020 - 08:24 UTC
Rockhopper Exploration sells Ireland's United Oil stake for €3.4m

Rockhopper Exploration has sold its 18.3% stake in Ireland-based United Oil & Gas for US$ 4m (€3.4m). The deal announced tonight concludes United’s reverse takeover earlier this year of Rockhopper’s Egyptian subsidiary and its operations in the Abu Sennan oil field for US$ 15.5m (€13m).
Tuesday, August 18th 2020 - 15:50 UTC
Falkland Islands and oil companies new approach to “stranded assets”

An article in World Oil by Laura Hurst refers to the term “stranded assets” and mentions the case of the Falkland Islands oil industry: the discovery a decade ago of as much as 1,7 billion barrels of crude offshore the British Overseas Territory, and rather than the next frontier, the project to extract energy risks being added to a list of what companies call “stranded assets” that could cost them huge sums to mothball.
Thursday, April 9th 2020 - 08:45 UTC
Falklands' Sea Lion development delayed responding to oil market conditions

Rockhopper Exploration is responding to market developments by reducing staffing levels and activity related to the Sea Lion development in the offshore North Falkland basin. The company plans to maintain a smaller team, mainly focused on regulatory, fiscal and financial issues, pending a recovery in the external macro-environment.
Saturday, October 19th 2019 - 09:58 UTC
Argentina awards hydrocarbons exploration licenses in the West Malvinas basin

The Argentine government awarded ENI Argentina Exploración y Explotación; Tecpetrol, and MEMPLO, a subsidiary from Japan's Mitsui hydrocarbons licenses to explore an offshore area. MLO/124 in the so-called West Malvinas basin.
Wednesday, July 31st 2019 - 10:58 UTC
Financial submission for developing Falkland Islands' Sea Lion project

Rockhopper Exploration PLC on Tuesday said it has submitted an early information memorandum to potential lenders for the Sea Lion project in the Falkland Islands.
Wednesday, July 24th 2019 - 23:55 UTC
Rockhopper divests from Egypt to concentrate in the Falklands' Sea Lion project

Oil and gas exploration firm Rockhopper Exploration, with interests in the Falklands and preparing to advance with the Sea Lion project, has agreed to sell its assets in Egypt to United Oil & Gas in a US$ 16m deal. The sale of Rockhopper Egypt includes a non-operated 22% interest in the Abu Sennan concession onshore Egypt and the existing assets of the business.