• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 13 hours Oil prices going Up? NO!
  • 5 mins Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 4 hours Renewables to generate 50% of worldwide electricity by 2050 (BNEF report)
  • 2 days Could Venezuela become a net oil importer?
  • 13 mins Kenya Eyes 200+ Oil Wells
  • 4 hours The Tony Seba report
  • 1 day Oil prices going down
  • 2 days Oil Buyers Club
  • 1 day Could oil demand collapse rapidly? Yup, sure could.
  • 9 hours Saudi Arabia turns to solar
  • 2 days Gazprom Exports to EU Hit Record
  • 21 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 14 hours Are Electric Vehicles Really Better For The Environment?
  • 1 day Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 2 days Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 1 day Tesla Closing a Dozen Solar Facilities in Nine States
Alt Text

Did Venezuela Just Lose A Key Ally?

Venezuela is running out of…

Alt Text

The Demise Of Petrocaribe

Petrocaribe, a mechanism created by…

Alt Text

A Long-Term Threat To Colombian Oil

Hours after the ninety-day ceasefire…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

FALKLAND ISLANDS: The Real Threat—Disappointing Drilling

Bottom Line: As 99.8% of Falkland Islanders vote ‘yes’ in a referendum to remain a self-governing British overseas territory, Argentina rejects the referendum as meaningless. The rhetoric is likely to remain just that. Oil and gas exploration will continue unabated and for now unthreatened. Argentine President Cristina Kirchner’s popularity is declining, and the Falkland Islands issue is an easy target for raising nationalist sentiments—a tried-and-true strategy for bolstering support.

Analysis: On 11 March 2013, Falkland Islanders voted in a referendum on their status, with a 92% voter turnout and a near unanimous “yes” vote. It was a vote that the five oil and gas companies currently exploring offshore here were monitoring uncertainly, but largely optimistically. While an armed conflict between Argentina and the UK over the Falkland Islands would indeed impede the exploration that is already underway and prevent new exploration activities, as well as jeopardize these companies’ stock prices, we do not believe that the situation will come to this in the near or medium term. The bigger threat to these companies is disappointing exploration results. Late last November, Falkland Oil & Gas (FLKOF.PK) saw its stock plunge 50% after disappointing drilling results. It could still hit big oil in its ongoing drilling campaigns, but disappointment remains the greatest threat to E&P companies. Threats emanating from Argentina are…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News