The Falkland Islands government announced on Monday that it is currently in discussion with Premier Oil on a wide range of issues with the objective of progressing the Sea Lion development towards a successful project sanction.
The Falkland Islands government would claim 9% royalty on one barrel of oil, plus 26% corporation tax on profit, confirmed Member of Legislative Assembly Roger Edwards this week.
The Falkland Islands Government (FIG) has welcomed the agreement made between the Argentine and United Kingdom Governments, laid out under this morning’s joint statement. Speaking to the media, Members of the Falkland’s Legislative Assembly stated they “looked forward to a better relationship with Argentina”, especially in the areas of hydrocarbons, fisheries, shipping and tourism.
The Falkland Islands Government has acknowledged it is aware of media coverage of Argentine foreign minister Susana Malcorra referred to proposals of possible air links between the Islands and Argentina as well as talks on other areas of interest such as the fishing and hydrocarbons industries.
The Power & Electrical Department hosted an open day last week at their Sand Bay Wind Farm to showcase the work being undertaken by the Falkland Island’s Government (FIG) to utilise and promote renewable energy sources. The open day, which included guided tours and demonstrations, formed part of wider initiatives recently undertaken by FIG to address issues surrounding climate change.
Argentina extended an authorization to the International Committee of the Red Cross, ICRC, for a technical assessment mission to the Malvinas Islands at the end of the month, to help with the initiative for the identification of the remains of Argentine Armed Forces members buried in the Argentine cemetery of the Islands, according to a Friday official release from the Foreign ministry in Buenos Aires.
A four person delegation from the International Committee of the Red Cross (ICRC) will be visiting the Falkland Islands from 27 June to 2 July, as part of the humanitarian mission to help identify the mortal remains of unnamed Argentine combatants buried at the Argentine memorial in Darwin.
The President of the International Committee of the Red Cross (ICRC), Peter Maurer, met on Monday with representatives of the authorities of the United Kingdom and of the Falkland Islands to discuss a process seeking to identify the remains of a number of unidentified Argentine soldiers buried at Darwin cemetery in Falklands/Malvinas Islands.
The Falkland Islands Gross Domestic Product (GDP) dropped in 2013 primarily due to lesser oil activity according to a recent Executive Council paper that included updated figures from the FIG Economist Commenting on the paper, according to a report from the latest edition of the Penguin News.
The Falkland Islands Government announced the appointment of John Shea as the new Head of Policy. Mr. Shea comes to the Islands from the United States, where he has served as President and Chief Executive Officer of the Sino-American Business Consortium, LLC.