Tag: Stephen Luxton

• Thursday, April 29th 2021 - 16:56 UTC

  Argos granted extension to Falklands production licence

  

  Argos Resources has successfully secured a 12-month extension to the second term of its Production Licence in the North Falkland Basin, the company announced this week. The extension, which runs until 1 May 2022, was approved by the Falkland Islands Government’s Executive Council on March 24.

• Thursday, October 8th 2020 - 09:30 UTC

  Falklands expects Premier Oil/Chrysaor merger will create new opportunities for Sea Lion oil/gas development

  

  The Falkland Islands Government has taken notice of the recent press release concerning the proposed merger of Premier Oil plc and Chrysaor Holdings Ltd.

• Tuesday, March 14th 2017 - 06:26 UTC

  Falklands denies any commitment to reduce oil royalty has been entered

  

  The Falkland Islands government announced on Monday that it is currently in discussion with Premier Oil on a wide range of issues with the objective of progressing the Sea Lion development towards a successful project sanction.

• Tuesday, March 29th 2016 - 19:48 UTC

  UN announcement has no implications on sovereignty over the Falklands.

  

  A statement released earlier this afternoon from the Falkland Islands Government regarding the UN announcement of the extension of the Argentine continental shelf states that the announcement makes “no adjudication on the sovereignty of the Falkland Island and has no implications for the sovereignty of the Falkland Islands”.

• Friday, February 5th 2016 - 08:04 UTC

  Falklands: Contractual dispute with rig company raises speculation over drilling program

  

  The Falkland Islands government would not permit anything less than full and proper abandonment of exploration wells drilled by any operator in the Falkland Islands, stated Director of Mineral Resources Stephen Luxton this week, following news of a contractual dispute between Premier Oil and Ocean Rig over the drilling rig Eirik Raude.

• Friday, September 4th 2015 - 08:26 UTC

  Falklands approves Noble and Premier plans to drill Rhea-1 and Jayne East

  

  The most recent meeting of the Falkland Islands' Executive Council (ExCo) was dominated by matters relating to oil exploration and development including recommendations for plans of Noble Energy and Premier Oil to go ahead with drilling of Rhea-1 and Jayne East wells.

• Friday, May 29th 2015 - 09:44 UTC

  Falkland Islands welcomes 'oil discovery' at the Isobel Deep exploration

  

  The Falkland Islands Government welcomed Thursday's announcement by Premier Oil and partners that the 14/20-1 ‘Isobel Deep’ exploration well has been declared an “oil discovery”. Isobel Deep in the North Falkland basin, is the second well of a six-well offshore campaign planned to take place in the Islands waters through 2015.

• Wednesday, April 29th 2015 - 01:18 UTC

  Falklands confident of its oil industry safety regime and environment protection commitment

  

  The Falkland Islands maintain strong regulatory oversight on all oil and gas operations and its offshore safety regime is based on the North Sea’s Safety Case regulatory structure, recognized as one of the highest standards in the world, said the Falklands' government in a release following concerns related to technical issues on the rig Eirik Raude, currently operating in the South Atlantic.

• Monday, March 30th 2015 - 06:58 UTC

  Falklands' oil industry advances despite the fall in oil prices, according to FT

  

  A recent piece from the Financial Times points to the fact that despite the remoteness of the Falkland Islands, the fall of international oil prices and the ongoing conflict with Argentina, this has not impeded small oil and gas companies from going ahead with exploration, and hopefully before 2020 production, in the Islands waters.

• Friday, February 27th 2015 - 05:29 UTC

  Falklands oil rig arrives and readies to begin six-well drilling campaign

  

  The semi-submersible oil rig oil rig Eirik Raude entered Falkland Islands waters to the north this week and has already been served by supply vessels and undergone a crew change operation. The Eirik Raude will shortly begin a six-well drilling campaign operated by Premier Oil and Noble Energy.