The Falklands' fishing company Argos is to be the Principal Sponsor for the local team competing at the Island Games to be held in Gibraltar in 2019. The announcement was made by the Falkland Islands Overseas Games Association, and Argos (Argos Group Ltd and Argos Ltd of Stanley, and Argos Operations Ltd of Gibraltar).
Recent reports in trade journals that abundant catches during 2017 were depressing Falkland Islands loligo prices were challenged this week by local sources concerned with the fishing industry.
Three Falkland Islands sports clubs benefitted from the generosity of local business Argos Ltd with a donation of £25,000 via the Overseas Games Association (FIOGA).
Noble Energy announced Monday that it has acquired additional acres offshore the Falkland Islands and plans to start drilling, despite opposition from Argentina’s government. The Houston-based oil company now holds a 75% interest in a license in the North Falkland Basin from Argos Resources Limited, an oil and gas exploration company based in the Falkland Islands.
Building continues at a steady rate in the Falkland Islands with 15 applications approved for construction in the capital Stanley, including permission for an 80 bedroom employees hotel for oil exploration technical staff, according to the latest Planning and Building Committee meeting.