The economy of the Falkland Islands, which first involved sealing, whaling and provisioning ships, became heavily dependent on sheep farming from the 1870s to 1980. It then diversified and now has income from tourism, commercial fishing, and servicing the fishing industry as well as agriculture. The Falkland Islands use the Falkland pound, which is backed by the British pound.
ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is based in the Energy Corridor district of Houston, Texas.
The Straits of Florida, Florida Straits, or Florida Strait is a strait located south-southeast of the North American mainland, generally accepted to be between the Gulf of Mexico and the Atlantic Ocean, and between the Florida Keys (U.S.) and Cuba. It is 93 mi (150 km) wide at the narrowest point between Key West and the Cuban shore, and has been sounded to a depth of 6,000 feet (1,800 m). The strait carries the Florida Current, the beginning of the Gulf Stream, from the Gulf of Mexico.
Hydrocarbon exploration is the search by petroleum geologists and geophysicists for deposits of hydrocarbons, particularly petroleum and natural gas, in the Earth's crust using petroleum geology.
North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea.
FIH Group plc or FIH is a British conglomerate which operates in the Falkland Islands through the Falkland Islands Company. Its other main businesses are the Portsmouth Harbour Ferry Company, which operates the Gosport Ferry in the south of England, and a London-based art storage and transport company called Momart.
The geology of the Falkland Islands is described in several publications. The Falkland Islands are located on a projection of the Patagonian continental shelf. In ancient geological time this shelf was part of Gondwana, which around 400 million years ago broke from what is now Africa and drifted westwards relative to Africa. Studies of the seabed surrounding the islands indicated the possibility of oil. Intensive exploration began in 1996, although there had been some earlier seismic surveys in the region.
APA Corporation is the holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston. The company is ranked 431st on the Fortune 500.
Exploration for petroleum in the Arctic is expensive and challenging both technically and logistically. In the offshore, sea ice can be a major factor. There have been many discoveries of oil and gas in the several Arctic basins that have seen extensive exploration over past decades but distance from existing infrastructure has often deterred development. Development and production operations in the Arctic offshore as a result of exploration have been limited, with the exception of the Barents and Norwegian seas. In Alaska, exploration subsequent to the discovery of the Prudhoe Bay oilfield has focussed on the onshore and shallow coastal waters.
Noble Energy, Inc. was a company engaged in hydrocarbon exploration headquartered in Houston, Texas. In October 2020, the company was acquired by Chevron Corporation.
Shaanxi Yanchang Petroleum Group is a Chinese conglomerate mainly engaged in the exploration, production, transportation, and sale of petroleum and natural gas, and in addition the production and sales of petrochemical products. Founded in 1905, it is the fourth largest oil producer in the country. Almost all its reserves and refineries are located in Shaanxi.
Heritage Oil is an independent Jersey-based oil and gas exploration and production company. Its activities are focused on Africa, the Middle East and Russia. In June 2014, the company was acquired by a fund owned by the former chief executive of Qatar's sovereign wealth fund.
Xtract Resources plc is a diversified metals and minerals producer based in London, United Kingdom. The company's shares are traded on London Stock Exchange Alternative Investment Market. Its CEO is Colin Bird. The primary focus of the company is gold and copper exploration and mining. The company's main assets are located in Chile, Mozambique, and South Africa.
Addax Petroleum was established in 1994 and since August 2009, has been a subsidiary of the Sinopec Group, one of the largest oil and gas producers in China, the biggest oil refiner in Asia and the third largest worldwide. Addax Petroleum was an international gas and oil production and exploration company mainly focused on the Middle East, the North Sea and Africa. Since 1994, the company become one of the largest oil producers in West Africa.
Roc Oil Company Limited was an international petroleum company based in Sydney, Australia. The company was established in 1997 as a privately owned company by John Doran. In 1999, the company went public with an IPO at the Australian Stock Exchange, and in 2004, Roc was listed on the London Stock Exchange. In 2008, Roc Oil merged with Anzon Australia, and in 2014 China's Fosun International conglomerate acquired Roc for AU$474 million.
Falkland Oil and Gas Ltd, abbreviated to FOGL, was an energy company registered in the Falkland Islands and headquartered in London, the United Kingdom. Its business was based on exploring for offshore oil reserves off the coast of the Falklands. It owned the right to extract oil from a number of blocks to the east and the south of the islands.
Rockhopper Exploration PLC is an oil and gas exploration company headquartered in Salisbury, Wiltshire, United Kingdom. It owns offshore exploration and production licences in the North Falkland Basin in the waters north of the Falkland Islands.
Cairn India was an Indian oil and gas exploration and production company, headquartered in Gurgaon, India. The company was merged with Vedanta Limited.
Cove Energy plc, also known as Cove, was a London-headquartered oil & gas exploration company with assets in East Africa. The company was created in June 2009. In 2012, following significant gas discoveries offshore Mozambique, Royal Dutch Shell and PTT Exploration and Production (PTTEP), a subsidiary of Thailand's national oil company PTT Public Company Limited, engaged in a prominent bidding war to acquire Cove. Ultimately, the company was sold in August 2012 to PTTEP.
Izombe in the northeast of Niger Delta is an oil town in Njaba River basin, Imo State Southeastern Nigeria.
