Fossil fuel companies have claimed billions of dollars from countries through an arcane legal provision that could deter governments from imposing more stringent climate laws, according to a new report.
Rockhopper Exploration has welcomed an uptick in resource estimates off the Falkland Islands and aims to sanction the Sea Lion development this year.
“We are looking forward to leveraging Simon’s experience in respect of our ongoing arbitration regarding Ombrina Mare, and Paul’s expertise in securing FID for offshore energy projects.”
Rockhopper Exploration says it is in its ‘strongest position for many years’ in the wake of a successful arbitration case against the Italian government, and a revamped plan for Sea Lion.
A legal battle between the Italian government and Rockhopper Exploration looks set to rumble on for up to two more years, as the former seeks to annul a $190m compensation award.
Rockhopper Exploration (AIM: RKH) has announced the completion of an open offer of shares, raising a total of around $3.4 million (£2.8m) as it looks to shore up finances to progress the long-awaited Sea Lion project.
Harbour Energy is getting a “clean exit” from the Sea Lion project in the Falklands as Navitas Petroleum farms in.
Harbour Energy, Rockhopper Exploration and Navitas Petroleum have signed a heads of terms agreement for the Sea Lion field, paving the way for Harbour’s exit of the Falklands and for Navitas to complete its farm-in.
A planned farm-out of the Premier Oil Sea Lion project in the Falklands has gone into extra time due to the firm's mega-merger with Chrysaor.
Testing of Egypt’s El Salmiyah-5 has seen the well flow at rates of around 8,700 barrels of oil equivalent per day, United Oil & Gas has reported.
United Oil & Gas’ purchase of Rockhopper Exploration’s stake in Egypt’s Abu Sennan licence has been pushed back, but the results from a recent well make clear the rationale behind the deal.
Drilling is pressing ahead in Egypt for small producers, such as TransGlobe Energy and Rockhopper Exploration.
United Oil & Gas has returned to trading on London’s Alternative Investment Market (AIM) and is nearing completion of its acquisition of a stake in Egypt’s Abu Sennan licence.
Falklands focussed oil and gas firm Rockhopper Exploration said yesterday that it is working towards a final investment decision on its Sea Lion development by the end of 2018.
Oil and gas group Rockhopper has announced that it has signed a Letter of Intent (LOI), giving it exclusivity to Sea Lion Phase 1, in the North Falkland Basin.
Premier Oil’s Sea Lion development is on track to be sanctioned in 2018, according to an announcement made by partner on the field Rockhopper Exploration.
UK-based Rockhopper Exploration said today that a drilling campaign on the Abu Sennan Concession in Egypt had started.
Rockhopper has cut its Italian team by 50% as it looks to ramp up production and save costs.
Rockhopper Exploration has continued to strip costs out of its Sea Lion development in the North Falkland Basin, according to its half year report.
Rockhopper Exploration has hailed 2015 as a "transformational year" as the company looks ahead to developing the huge potential of the Sea Lion prospect in the South Atlantic.
Reports that a United Nations commission has ruled that Argentina’s territorial waters should be extended to include the Falklands hit the shares of South Atlantic oil explorers yesterday.
Oilwell Varco has landed a FEED contract with Rockhopper Exploration.
Premier Oil has served a notice to Ocean Rig for breach of material obligations under the contract for the Eirik Raude drilling unit.
Rockhopper Exploration's merger with Falkland Oil and Gas has led to former Falkand chief executive Tim Bushell and chairman John Martin appointed non executive directors.
Rockhopper Exploration expects to deliver 60 million more barrels of oil from its Sea Lion asset after revised plans revealed field life has increased from 15 to 20 years.