Falkland Islands

Falkland Islands
Thursday, April 2nd 2015 - 07:42 UTC

Falklands oil explorer looking for associate to develop Darwin discovery

 Borders and Southern said it has been looking to secure partners against a backdrop of weaker oil prices, reduced expenditure but also cheaper rig and well service costs.

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.

Wednesday, April 1st 2015 - 20:31 UTC

Falklands and South Atlantic Islands have a new defense commander

Commodore Darren Bone MA has been appointed as the next Commander CBFSAI; he has been in the Royal Navy since 1987

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.

Wednesday, April 1st 2015 - 06:44 UTC

Argentine president main speaker at Falklands war ceremony and enshrinement of “Our Lady of Malvinas”

This will be the last time Cristina Fernandez heads the April 2 ceremonies recalling the beginning of the 1982 conflict with UK over the disputed Falklands

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.

Tuesday, March 31st 2015 - 08:52 UTC

Falklands' defense: Argentina formalizes complaint to UN and regional groups

UK alleges a preposterous 'live threat' from Argentina with the sole purpose of trying to justify a military presence in the Falklands, said Timerman

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.

Tuesday, March 31st 2015 - 08:41 UTC

Falklands' clearance of Argentine mines planned to restart in mid-September

“This latest phase is the fourth and largest, and is scheduled to take place over the next two years”, said Marot head of the demining program in Falklands

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.

Monday, March 30th 2015 - 07:13 UTC

Falklands economy main contributor is fishing industry: 34% of GDP in 2012

Fishing licence fees are typically the biggest single source of government revenues, besides non-regular corporate tax revenues relating to hydrocarbons

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.

Monday, March 30th 2015 - 06:58 UTC

Falklands' oil industry advances despite the fall in oil prices, according to FT

Sam Moody insists that a smaller scale plan at Sea Lion with an initial outlay of 1.8bn dollars or less, could guarantee the beginning of production before 2020”.

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.

Saturday, March 28th 2015 - 10:21 UTC

HMS Lancaster takes over from HMS Dragon in South Atlantic patrol tasking

“In many ways it’s a ground-breaking deployment for the Royal Navy, as we are taking new capabilities and equipment on operations for the first time”, said Commander Laughton

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.

Saturday, March 28th 2015 - 09:47 UTC

Falklands' conflict hypothesis: Argentine Mirages are banned from flying on cloudy days

“We have no conflict hypothesis. We are programmed for a defense policy based on the development of our capabilities”, said Rossi

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.

Thursday, March 26th 2015 - 14:41 UTC

Falklands' main import trading partner is the UK with 87% of all goods

The value of imported services was approximately £260 million in 2012 with support services to oil and gas extraction making up £167 million of the figure.

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”.

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