Falkland IslandsFalkland Islands
Falklands’ explorer Borders and Southern Petroleum PLC said this week its pre-tax loss widened in 2014 as costs increased, and admitted it has struggled to find a partner for the Darwin discovery to the south of the Falkland Islands, against a backdrop of reduced investment by companies caused by the fall in oil prices.
Commodore Darren Bone MA has been appointed as the next Commander British Forces South Atlantic Islands (CBFSAI), with headquarters in the Falkland Islands, and in April will replace Air Commodore Russ LaForte who has held the post since August 2013.
Argentine president main speaker at Falklands war ceremony and enshrinement of “Our Lady of Malvinas”
Argentine president Cristina Fernandez will be the main speaker at the commemoration of the 33rd anniversary of the start of the Falklands/Malvinas war, to be held April second in the city of Ushuaia and which will also include a political-religious ceremony.
Argentina dispatched on Monday complaint letters to several international and regional organizations accusing the United Kingdom of further militarizing the Falklands/Malvinas, with an increased budget, alleging Argentina represents a 'live threat' to the Islanders in the British Overseas Territory and thus ignoring tens of resolutions calling for dialogue between the two sides on the Falklands issue.
The Falkland Islands program to clear mines planted by the invading Argentine forces in 1982, is scheduled to take a break at the end of April, following a very successful task all along summer according to Guy Marot, Program Manager for the Falkland Islands Demining Program Office, as reported in the FIG's edition of February.
Measured by GDP, fishing is the most important industry in the Falkland Islands and in 2012 contributed 34% to GDP, according to the State of the Falklands Economy report from the FIG Policy Unit.
A recent piece from the Financial Times points to the fact that despite the remoteness of the Falkland Islands, the fall of international oil prices and the ongoing conflict with Argentina, this has not impeded small oil and gas companies from going ahead with exploration, and hopefully before 2020 production, in the Islands waters.
Type 23 frigate HMS Lancaster sailed from her home in Portsmouth last week for a routine nine-month Atlantic patrol tasking, which includes the Falklands and South Georgia. She is the first ship in the Royal Navy to deploy with the new Wildcat helicopter, and her crew are wearing the newest naval uniform in 70 years.
The Argentine government and media agree that the country does not have the military capacity to attack the Falkland Islands as feared by Britain. A report in daily La Nacion points out the Argentine armed forces lack landing crafts, troop transport vessels and even the Mirage fighter planes are banned from flying on cloudy days because of repeated problems with their instruments.
The United Kingdom is the main import trading partner of the Falkland Islands with 87% of all imported goods coming from the UK in 2012 (Customs and Immigration 2013) with the rest imported mostly from Chile and Uruguay, according to the latest report on the Falklands' State of the Economy.