Positive news for Falklands' oil industry development. All regulatory consents for the transaction between Harbour Energy plc and Israel's Navitas Petroleum LP of its Falkland Islands offshore license interests have been approved by the Falkland Islands government and the United Kingdom minister of state.
Israel's Navitas Petroleum has been banned from all activities in Argentina for the next twenty years for involvement in the hydrocarbons industry in the Falklands/Malvinas zone without Argentine permission.
A hydrocarbon development project in the Falkland Islands faces new challenges following the announcement of one of the companies involved that it shall be lifting all South Atlantic operations.
Rockhopper Exploration has confirmed that Navitas Petroleum remains committed to its proposed farm-in to the Sea Lion oil and gas project offshore the Falkland Islands, the company announced on its site.
UK-based oil and gas operator Premier Oil has said it has suspended the Sea Lion-1 oil project offshore the Falkland Islands. The company said the US$1.8 billion offshore oil project would be suspended to minimize ongoing spend in light of the current market conditions.
Rockhopper Exploration, a partner in Premier Oil-operated Sea Lion offshore oil project in the Falkland Islands, is confident it will manage to farm-out a share in the project despite the low oil prices and COVID-10 uncertainty. The two companies in January signed non-binding heads of terms with US/Israel Navitas Petroleum, which should lead to Navitas obtaining a 30% interest in the Sea Lion offshore blocks.
Oil and gas exploration firm Rockhopper Exploration, with interests in the Falklands and preparing to advance with the Sea Lion project, has agreed to sell its assets in Egypt to United Oil & Gas in a US$ 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.
In the Uruguayan port of Punta del Este there are a large number of sea lions that are used to people. There is a reason for this: the fishermen in the area have been feeding them for years, so the specimens are used to human presence and also to feed in this way, although it is always recommended not to get too close to these animals on land due their dangerous behavior.
What do you imagine when you hear about isolated islands in the middle of the Ocean? That’s right, the Falkland Islands are full of unique landscapes, species and many other wonderful revelations. Especially if you love nature, wild life and adventure!
Spanish trawlers involved in the Loligo squid catching season in the Falkland Islands are hoping that this year the operation will evolve with “no incidents”, recalling that the previous season was abruptly stopped because of accidental deaths of sea mammals caught in nets.