Tag: Falklands oil exploration

• Tuesday, November 5th 2019 - 09:45 UTC

  Falklands extends duration of Rockhopper and Argos Resources oil exploration licenses

  

  Rockhopper Exploration PLC said on Monday that the Falkland Islands government has extended the duration of the PL032 Discovery Area License until May 1, 2021, with no additional license commitments.

• Wednesday, September 26th 2018 - 09:02 UTC

  Falklands' Borders & Southern involved in a farm-out process

  

  Offshore oil & gas exploration company Borders & Southern Petroleum PLC on Tuesday said its loss widened in the first half of the year on finance expense and announced that a farm-out process was active and ongoing.

• Tuesday, June 30th 2015 - 05:16 UTC

  Argentina's threat against Falklands' oil companies with no impact on markets

  

  The Argentine court order that assets of several international oil companies drilling for oil in the Falkland Islands be seized has caused mild turbulence in their share prices. Tierra del Fuego judge Lilian Herraez ordered the authorities to seize bank accounts, boats and other assets worth an estimated US$156mln.

• Friday, November 29th 2013 - 07:08 UTC

  Falklands oil exploration exposed to jail and fines according to Argentine law

  

  Argentina has threatened oil firms seeking to operate off the Falkland Islands with 15-year jail terms, huge fines and confiscation of assets in a fresh salvo in the dispute with Britain over South Atlantic islands sovereignty. But UK reiterated that Argentine law does not apply to Falklands or British Overseas Territories.