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.
Beauchene Island is the southernmost of the Falkland Islands, lying about 54 kilometres (34 mi) south of Porpoise Point in Lafonia. It was discovered in 1701 by Jacques Gouin de Beauchêne, after whom it was named.
North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea.
Oseberg is an offshore oil field with a gas cap in the North Sea located 140 km (87 mi) northwest of the city of Bergen on the southwestern coast of Norway. The field, which is 25 km long by 7 km wide, was discovered in 1979 and its development is known to be one of the significant milestones in emergence of Norway's independent oil and gas industry. The Oseberg field was named after Oseberg ship, one of Norway's most significant archeological discoveries. The ancient Viking ship from the early 9th century was discovered in a 1904 historical excavation of a burial mound at the Oseberg Farm, south of Oslo.
Capricorn Energy plc is a British oil and gas exploration and development company based in Edinburgh, Scotland.
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.
Premier Oil plc was an independent UK oil company with gas and oil interests in the United Kingdom, Asia, Africa and Mexico. It was devoted entirely to the 'upstream' sector of the industry — the exploitation of oil and gas — as opposed to the 'downstream' refining and retail sector. It was listed on the London Stock Exchange until it was acquired by Chrysaor Holdings and then merged into Harbour Energy in March 2021.
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.
Türkiye Petrolleri Anonim Ortaklığı (TPAO) was founded in 1954 by Law No. 6327 with the responsibility of being involved in hydrocarbon exploration, drilling, production, refinery and marketing activities of oil and gas in Turkey as the national company.
Tullow Oil plc is a multinational oil and gas exploration company founded in Tullow, Ireland, with its headquarters in London, United Kingdom. The company is listed on the London Stock Exchange.
West Australian Petroleum Pty Ltd (WAPET) was a pioneer oil and gas exploration and processing company in Western Australia.
UK Oil and Gas PLC is a UK-based oil and gas exploration and production company. The company is listed on the London Stock Exchange in the Alternative Investment Market (UKOG.L).
Desire Petroleum plc was an oil and gas exploration company headquartered in Malvern, England. It owned offshore exploration and production licences in the North Falkland Basin in the waters north of the Falkland Islands and its core focus was to develop the basin into a major new hydrocarbon province.
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.
Circle Oil was an oil and gas exploration and production company based in Limerick in the Republic of Ireland. Its operations, all of which were in North Africa, specifically Egypt, Morocco and Tunisia, initially focused on oil exploration but expanded to include production.
Cairn India was an Indian oil and gas exploration and production company, headquartered in Gurgaon, India. The company was merged with Vedanta Limited.
Reed Tablemount is a large tablemount or guyot in the South China Sea north-east of Dangerous Ground and north-east of the Spratly Islands. It covers an area of 8,866 square kilometres (3,423 sq mi), but with depths between only 9 and 45 metres. The submerged but hydrocarbon-rich area includes Nares Bank and Marie Louise Bank.
Rex International Holding is an oil and gas company headquartered in Singapore. The company's main activity is in offshore oil and gas exploration and production in assets located in Oman and Norway.
Navitas Petroleum is a publicly traded, North America-focused, oil and natural Gas Exploration and production company. Navitas is traded on the Tel Aviv Stock Exchange and has offices in Houston, Texas and in Herzliya, Israel.
