Argentina Plans Asset Seizure Of Falkland Oil Companies

As was written, the gateways to the world for the West will be taken — America and Great Britain in particular.

 

Presidential elections loom in the country in October, so perhaps it’s not surprising that a Lilian Herraez, a federal judge in Tierra del Fuego, Argentina’s southernmost region, ordered the seizure of $156 million in property and bank holdings of oil drilling companies, including Noble Energy of the United States.

The government in Buenos Aires said on June 27 that the other targets of asset seizures were Edison International of Italy and three British-based companies, Falkland Oil and Gas Ltd., Premier Oil Plc and Rockhopper Exploration Plc. Continue reading

Argentina ‘will seek to punish’ firms that drill for Falklands oil

New Malvinas secretary says Buenos Aires will defend its claim to islands and surrounding waters in international courts

Argentina will seek legal punishment, including prison sentences, for anyone who drills for oil in the Falklands and the surrounding waters it claims as its territories, the country’s newly created Malvinas secretary has told the Guardian. Continue reading

Saudi Prince: Fracking Is Threat To Kingdom

For more information on Prince Alwaleed, who also owns a 19% stake in Fox News, please click here.

As the fracking revolution eases demand for the kingdom’s oil and gas, a billionaire prince warns his nation to find new income.

Billionaire Prince Alwaleed bin Talal said the Gulf Arab kingdom needed to reduce its reliance on crude oil and diversify its revenues.

His warning comes as rising shale energy supplies in the United States cut global demand for Saudi oil. Continue reading

China Deal Benefits Obama Donors

Administration-approved takeover by Chinese oil company provides Obama backers windfall

The government watchdog group Judicial Watch is suing the Treasury Department for records pertaining to the department’s decision to grant a Chinese government-backed company access to oil deposits in the Gulf of Mexico, a move that will benefit Obama donors.

The Chinese National Offshore Oil Corporation (CNOOC) reached a “definitive agreement” with Nexen, Inc., a Canadian energy company, announced on July 23, 2012, to buy all of the company’s outstanding public shares. Nexen has holdings in the Gulf of Mexico and Canada, giving the Chinese government access to millions of barrels of Keystone XL and Gulf reserve oil. Continue reading