December 16, 2017

Argentina judge orders asset seizure of Falklands oil firms – BBC News

A federal judge in Argentina has ordered the seizure of assets of five companies drilling for oil in the Falkland Islands. Tierra del Fuego judge Lilian Herraez ordered the authorities to seize boats and other assets worth $156m. Argentina claims sovereignty of the islands, which it calls the Malvinas. The oil companies named in the case are not based in Argentina and it is not clear how the measure will be implemented. Drilling for oil in the territorial waters around the Falklands began in 2010 despite opposition from Buenos Aires. ‘Bordering on stupidity’ Judge Herraez says the new ruling will…

David Cameron clashes with Argentina over Falklands threats against oil firms | UK news | The Guardian

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David Cameron has told Argentina in a “clear and robust” way to stop threatening oil and gas companies exercising their legal rights to explore the Falkland Islandsand the surrounding waters. In remarks which prompted the Argentinian president Cristina Fernández de Kirchner to accuse him of having acted in an “almost ill-mannered” way, the prime minister told Buenos Aires that it was “unacceptable” to threaten companies hoping to invest in the Falklands. Cameron made his remarks to Héctor Timerman, the Argentinian foreign minister, at a two-day summit of 61 EU, Latin American and Caribbean leaders in Brussels. In a round-table discussion before…

New Falklands oil discovery could stir trouble with Argentina – Telegraph

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A new oil discovery in waters around the Falklands is likely to enrage the Argentinian government, which is seeking to criminalise UK drilling companies working around the South Atlantic islands. Rockhopper has said that it has found initial signs of oil at its Isobel Deep exploration well in the North Falkland Basin, which is approximately 25 miles south of the Sea Lion field. In April, Argentina threatened to sue Rockhopper and two other UK-listed oil exploration companies in a bid to prevent any further development of potential oil resources in the area. Argentina has also threatened to extradite any executives implicated in the…

10th Annual Global Local Content Summit

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Ministries and NOCs from Uganda, Ghana, Nigeria, Mozambique, Tanzania, Brazil, Argentina, Mexico, Trinidad and Tobago, Oman, Saudi Arabia, Kuwait and Sri Lanka are due to present their local content case studies at the 10th Annual Global Local Content Summit this September at the Pestana Chelsea Bridge Hotel, London, United Kingdom. World’s leading conference dedicated to the Local Content community to include speakers from 17 global nations and chairman from PROMINP. The conference, hosted by Oil & Gas IQ – a division of global events company IQPC – will be a unique opportunity for local content leaders to discuss the development,…