Tag: Falklands oil and gas industry

• Friday, January 1st 2021 - 22:16 UTC

  Falklands' Borders & Southern Petroleum announces board changes and offshore licenses expire 31 Jan 2022

  

  Borders & Southern Petroleum, a company with oil and gas exploration assets offshore the Falkland Islands, announced at the end of the year board changes. The London based independent oil & gas exploration company announced the retirement of Nigel Hurst-Brown from the Board of Directors. His departure will take effect on January 1, 2021.

• Saturday, May 18th 2019 - 09:31 UTC

  Argentina awards 18 offshore oil exploration areas; UK companies take 7 areas, some next to Falklands

  

  Argentina awarded permits to begin hydrocarbon exploration in 18 areas off the coast of the Buenos Aires province, the Austral basin and the Malvinas West basin, which neighbors with the Falkland Islands, the insular territory claimed by Argentina.

• Wednesday, June 3rd 2015 - 09:24 UTC

  Falklands advances despite Argentine disruption and blockade efforts, says Acting Governor Sandra Tyler-Haywood

  

  Falkland Islands' Her Honour the Acting Governor delivered on Tuesday his State of the Nation speech to the elected Legislative Assembly underlining progress and expansion achieved in the economy and community development, the UK resolute in defending the rights and wishes of the Falkland Islanders to develop their own natural resources, and despite Argentine disruption and blockade efforts, first oil is expected to be produced in 2019.

• Monday, December 29th 2014 - 08:33 UTC

  FIG approves Code of Practice for Procurement by Oil & Gas Companies

  

  Its acceptance is voluntary at this stage. It provides for formation of Local Content Board, among other steps towards maximising local benefits and opportunities.

• Friday, December 5th 2014 - 07:01 UTC

  Falklands interested in training oil industry manpower with support from Trinidad and Tobago

  

  Four senior oil industry business and training executives are in the Falkland Islands promoting Trinidad and Tobago’s oil industry training services. Preparing staff for the oil industry is crucial if benefits are to be injected to the local economy in the form of jobs and knowhow.

• Tuesday, August 19th 2014 - 09:16 UTC

  Falklands pricing for valuation of hydrocarbons will follow Norwegian model

  

  The Falkland Islands has an oil legislation regime that is robust and encourages investment, believes Financial Secretary Nicola Granger. Details of a law firm’s report to the Falkland Islands Government (FIG) on tax legislation in relation to the oil and gas industry, and recommendations to Government by Ms Granger, were released to the public this week in a paper that outlines the report from Freshfields Bruckhaus Deringer LLP.

• Tuesday, April 8th 2014 - 22:05 UTC

  Falklands fiscal regime and stability remain attractive for oil and gas industry

  

  With the Falkland Islands' upstream oil and gas industry still in its infancy, the country's attractive fiscal regime, which boasts a low government take, is expected to remain stable through the short and medium term, says a new report from research and consulting firm GlobalData.

• Sunday, December 8th 2013 - 22:08 UTC

  Praise for Falklands world-wide diplomacy

  

  Falkland Islanders have been praised for their international campaign of diplomacy explaining their democratic credentials to the world and proclaiming their overwhelming referendum vote for self-determination and retaining their links with the United Kingdom.

• Saturday, November 30th 2013 - 07:25 UTC

  Falklands government accuses Argentina of yet another attempt to undermine the Islands economy

  

  The Falkland Islands government said on Friday that Argentina's latest illegal attempt to undermine the Islands economy is in direct contradiction with its alleged claim that it wants to establish a dialogue and is yet another effort to disrupt the lives of 3.000 people who want to live in peace and with good neighborly relations.

• Friday, August 3rd 2012 - 08:25 UTC

  Falkland Islands debates and prepares for the development of the oil industry

  

  A public debate on the future of the Falkland Islands in the face of income from oil exploitation is required rapidly, according to a Member of the elected Legislative Assembly.