Four British Members of Parliament have been in the Falkland Islands over the past week, whilst the House of Commons is in recess. The cross-party group includes two Labour and two Conservative MPs, with an FIG Representative from London accompanying them.
UN John J. Metzler(*) Reversing the trend of economic mismanagement, ending a fifteen year debt impasse with foreign lenders, calming a percolating political crisis over the disputed Falkland/Malvinas islands in the South Atlantic, and overcoming the image of unpredictability, Argentina’s new conservative government faces serious obstacles in reintroducing Argentina to an often skeptical world.
Ocean Rig UDW Inc. has officially announced that two of its drilling contracts have been terminated, one of them in the Falkland Islands where its Eirik Raude was working for Premier Oil as the main operator. Ocean Rig is demanding a termination fee of several million dollars and in case Premier Oil contests the payment, we intend to commence arbitration proceedings.
Argentine box-office hit and Oscar nominated picture Wild Tales (“Relatos Salvajes”) won Best Non-English Language Film at the BAFTA Awards. The British Film Academy also showered a lot of love on The Revenant, awarding Best Picture to Alejandro González Iñárritu and Best Actor to Leonardo DiCaprio.
Elton John has often given his fellow rock legends unsolicited advice over the years, and the Rolling Stones, once again, are the recipients. In a new interview, he said the Stones should return to their roots and stop following current trends.
Falkland Islands based company, Argos Resources Ltd. said it has received notification from Noble Energy, the operator of license PL001 in which Argos holds a 5% overriding royalty interest, that it is exercising its rights to declare Force Majeure on the well.
Chinese central bank governor Zhou Xiaochuan has accused speculative forces of targeting the country's currency, the Yuan, and argued there was no reason for the Yuan to keep depreciating in value and that China would not let international speculators dominate market sentiment.
Britain must renew its submarine-borne While most lawmakers in Cameron's party support keeping nuclear weapons, Labor leader Jeremy Corbyn, is holding a review of the party's policy. if it is to maintain its outsized role in world affairs, US Defense Secretary Ash Carter said in comments published in Washington.
Argentine president Mauricio Macri and First Lady Juliana Wanda hosted the Rolling Stones on Sunday night at their country house, (in Malvinas Argentina), following their last presentation in Buenos Aires.
British Defense Secretary Michael Fallon is scheduled to visit the Falkland Islands this week, the first such visit in over a decade. However the timing of the visit has caused some irritation with the Foreign Office, according to the London media, since it could interfere with the current approach with the new Argentine administration.