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Falklands’ oil industry has come of age moving from exploration to production stage, confirms Governor Haywood

Tuesday, June 4th 2013 - 19:07 UTC
Full article 38 comments

For the first time the Falkland Islands have underlined the significance of the hydrocarbons industry as a fully integrated sector of the local economy as it effectively and successfully moves from the exploration to the exploitation stage with first shipments scheduled for 2017. At the same time it regrets that South American companies are not participating of the logistical opportunities because of Argentine interference. Read full article

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  • Condorito

    I hope our next government breaks ranks with unasur and takes pragmatic steps to get involved in the FI oil industry.

    Jun 04th, 2013 - 07:26 pm - Link - Report abuse 0
  • Biguggy

    Way to go Islanders.
    I sincerely hope it all works out for you.

    Jun 04th, 2013 - 07:45 pm - Link - Report abuse 0
  • malicious bloke

    So what happened with all these court cases the RGs were threatening?

    Jun 04th, 2013 - 07:45 pm - Link - Report abuse 0
  • MrFlagpole

    Oh dear Argentina. The plan doesn't seem to be working.

    Jun 04th, 2013 - 07:53 pm - Link - Report abuse 0
  • Pirate Love

    drill.....drill.....drill....pump that black gold!

    back to the drawing board for the argenswine govt, yet again :)

    well done Falklands your future is looking rosey, quite a feat in that vicinity!

    Jun 04th, 2013 - 08:22 pm - Link - Report abuse 0
  • Britishbulldog

    What a bunch of dickheads the Argentinians are they could have been sharing this windfall. Bunch of psychotic misfits

    Jun 04th, 2013 - 09:01 pm - Link - Report abuse 0
  • Anglotino

    What a well run country!

    Seems to recognise and tackle the issues head on instead of ignoring them.

    For all of Argentina's actions and the UN's inactions; a smallcountry getting on with developing and minding its own business.

    Jun 04th, 2013 - 09:27 pm - Link - Report abuse 0
  • ljordao

    Way to go, Falklanders! Would you be interested in accepting a Brazilian but freedom-loving immigrant? I am fed up with the leftist idiocy which has metastasised in my country.

    Jun 04th, 2013 - 09:41 pm - Link - Report abuse 0
  • Biguggy

    @7
    Whilst I agree with you basic concept, just so that we do not upset the RG's and their supporters, the Falklands are not 'a country'. They are a Self Governing Overseas Territory.

    @6 Totally agree but the RG's just want 'everything' regardless of their ability to effectively manage it or not.

    Jun 04th, 2013 - 09:42 pm - Link - Report abuse 0
  • El capitano

    Way to go Falklands...right on.....Eat your heart out Argentina....My my talk about shooting one's self in the foot.....!

    Jun 04th, 2013 - 10:15 pm - Link - Report abuse 0
  • Biguggy

    @8
    I believe on another thread it has been stated that:
    1. You need a confirmed job
    2. A medical
    3. A police record check
    4. A confirmed place to live.

    I stand correction from those more knowledgeable on the matter than I.

    Jun 04th, 2013 - 10:33 pm - Link - Report abuse 0
  • JohnCFI

    Pretty much correct, why not come for a visit first, and you can scout out what jobs are available, nothing like the personal touch when job hunting.

    Jun 04th, 2013 - 10:42 pm - Link - Report abuse 0
  • Vestige

    Self congratulatory nonsense.
    Continued downward price trend.
    http://uk.finance.yahoo.com/q/ta?s=RKH.L&t=6m&l=on&z=l&q=l&p=&a=&c=

    Jun 05th, 2013 - 12:54 am - Link - Report abuse 0
  • Islander1

    8- or you can lok up on the internet and contact places like the Chamber of Commerce - but nothing is better than a trip here first to actually see what the place is like etc.
    My home for generations - but i will say it,s not everyones,s cup of tea - its a place you either like - or you dont - and some do who come and stay - and some dont stay and fair enough.
    A lot cooler that Brazil though!

    Jun 05th, 2013 - 01:04 am - Link - Report abuse 0
  • Marcos Alejandro

    The English colonial Governor has spoken.
    Is this a desperate attempt to calm down angry investors?

    http://www.iii.co.uk/investment/detail?code=cotn:RKH.L&display=chart&it=le

    Jun 05th, 2013 - 05:15 am - Link - Report abuse 0
  • Monkeymagic

    @Marcos

    Why shouldn't the Falklands have a British Governor, Canada, Australia, New Zealand have one...99.8% of the population have decided they want this form of government.

    After all Argentina has a German President, and Timmerman as Foreign minister..hardly native South American are they?

    As far as angry investors are concerned...

    http://www.iii.co.uk/investment/detail?code=cotn:PMO.L&display=chart&it=le

    The operator of Sealion development seems to be doing fine, as indeed is the operator in the South, Noble oil.

    Of course these multi billion dollar companies are buying into a hoax aren't they Marcos....he heheheheheh!!

    Jun 05th, 2013 - 05:38 am - Link - Report abuse 0
  • John III (Pope)

    @16
    Argentina has an Argentine president and secretary. France has a French president, Germany has a German president, the PRC has a Chinese president and so on. See the pattern?

    Jun 05th, 2013 - 06:14 am - Link - Report abuse 0
  • Biguggy

    @16
    I believe you will find that the Governors General of Canada and Australia are 'native born', I am not sure about New Zealand.

    @13 & 15
    Well at least the oil companies represented here are not try to make a bolt for the door (Argentina) as Petrobras seems to be considering:
    http://en.mercopress.com/2013/06/03/argentina-s-policy-on-foreign-investments-keeping-businesses-away

    Jun 05th, 2013 - 06:54 am - Link - Report abuse 0
  • Monkeymagic

    @17

    yes, the pattern 9and the only pattern) is that the people in each territory have the right to choose which ever form of Government they wish...California has an Austrian governor..the people get to choose their form of governemnt...simple,

    Jun 05th, 2013 - 07:36 am - Link - Report abuse 0
  • Islander1

    What a surprise- Marcos appears- opens mouth- out falls some irrelevant liquid.
    get a grip idiot- The Legilsature is Run by the SPEAKER - same as the House of Commons in Londo- The Governore- in his capacity as the Quenn,s representative- makes the opening Address to the Chamber - and then LEFT - he plays no futher part in the Democratic proceedings - currently the ELECTED ASSEMBLY MEMBERS are in Select Committee going through the details of the proposed Budget for 2013-2014(announced yeaterday) and will return to the Chamber in a day or so and debate the final revised details - having listened to a lot of us public making our points to them in the meantime- it is called democracy.

    Jun 05th, 2013 - 11:11 am - Link - Report abuse 0
  • Rufus

    @18 Biguggy
    The current NZ Governor General (Sir Jerry Mateparae) was born in Whanganui (on the South-West coast of North Island).

    Jun 05th, 2013 - 11:20 am - Link - Report abuse 0
  • kelperabout

    The greatest asset we have on these Islands are the people. Not implanted as in Argentina but descendants of people who sought adventure in a new place. The Falklands was devoid of people at the time our ancestors arrived unlike Argentina who stole the land from the natives.

    Falkland islanders have done extremely well getting to the point of Oil extraction in spite of the continued threat from Argentina. The Falkland islanders have shown the world that real democracy pays and now many Latin American Countries are starting to realize what a thug Argentina is and will now start thinking just how much more they will put up with knowing that in the midst of Argentina's tactics the Islanders are still forging ahead with their economic plans.

    Our people should be congratulated in their achievements. So remote but so resourceful. They have shown the world how to run a country without violence.
    The Governors speech confirms to the world the way our Islands are progressing this is not what the Argentinians wanted to hear.

    In many ways Argentina has helped our economy grow simply by their continued effort to try and deny us our right to exist and inform the world of what we are about and I suppose we should thank them for that.

    Jun 05th, 2013 - 11:48 am - Link - Report abuse 0
  • Anglotino

    @9 Biguggy
    Actually the Falkland Islands are a country. They are populated by a people. They are also a nation.

    However they are not a nation-state. Argentina's opinion is not important. However the fact they espouse protection of the Islander's way of life in any takeover shows that the Islanders are are a distinct nation and people.

    @16 Monkeymagic
    Actually Australia has an Australian Governor-General representing an Australian monarch. We just share that monarch with other countries in a unique structure that few people understand, but works perfectly for us.

    @17 John III (Pope)
    “Argentina has an Argentine president and secretary. France has a French president, Germany has a German president, the PRC has a Chinese president and so on. See the pattern?”

    Australian democracy is older than Argentina's.
    Australian democracy is older than Germany's.
    Australian democracy is more stable than France's.
    Australian democracy is better than China's oligarchy.

    Do YOU see the pattern?

    Jun 05th, 2013 - 12:25 pm - Link - Report abuse 0
  • Conqueror

    @13 Yes, it's good news. Share prices are coming within the range of ordinary Brits. Long way down to go yet though, before they come within the price range of “ordinary” argies.
    @15 Shouldn't think so. Seemed to be a pretty wide-ranging speech. Are you referring to investors in the farming community, tourism, fisheries, healthcare, housing? Or did you have something else in mind?
    @17 Can you understand the difference between “president” and “governor”? While you're mentioning argieland and the PRC, did you consider North Korea and Zimbabwe, Iran and Syria? They have “presidents” as well. All pretty rubbish “countries” with megalomaniac “presidents”.

    Jun 05th, 2013 - 01:39 pm - Link - Report abuse 0
  • Vestige

    Yeah - “good news. Share prices are coming within the range of ordinary Brits.”
    Always look on the bright side eh.

    Jun 05th, 2013 - 02:35 pm - Link - Report abuse 0
  • Conqueror

    @25 We can. You can't.

    Jun 05th, 2013 - 07:46 pm - Link - Report abuse 0
  • Anbar

    “”“”After all Argentina has a German President, and Timmerman as Foreign minister..hardly native South American are they?“”“”

    Are you an idiot?

    They are native south american names...not obviously transplanted populations from Europe.

    You sugar beet you.

    Jun 05th, 2013 - 07:46 pm - Link - Report abuse 0
  • Pete Bog

    @22
    “In many ways Argentina has helped our economy grow simply by their continued effort to try and deny us our right to exist and inform the world of what we are about and I suppose we should thank them for that.”

    One day, grateful Falkland Islanders will put up statues in Stanley to commemorate the people that helped them the most to achieve more self-autonomy and self reliance, namely CFK and Timmidman.

    Jun 05th, 2013 - 08:58 pm - Link - Report abuse 0
  • John III (Pope)

    @23
    Australian democracy is also not very democratic. Your legislature has given your un elected executive complete control over the government's money!

    Jun 06th, 2013 - 05:42 am - Link - Report abuse 0
  • Biguggy

    @29 John III (Pope)
    “Australian democracy is also not very democratic. Your legislature has given your un elected executive complete control over the government's money!”

    Would you care to explain your convoluted reasoning of that?
    I believe you do not understand how a democratic monarchy works, but I will await your response with anticipation.

    Jun 06th, 2013 - 07:54 am - Link - Report abuse 0
  • Anglotino

    @29 John III (Pope)

    An Argentine telling an Australian about democracy.

    Excuse me while I jump off my flying pig and laugh for a moment.

    Jun 07th, 2013 - 02:47 pm - Link - Report abuse 0
  • John III (Pope)

    @30
    See the “Financial Arrangements” bill of 2012.

    Jun 10th, 2013 - 06:28 am - Link - Report abuse 0
  • Anglotino

    Again, an Argentine criticising Australian democracy.

    Considering how little you and most other Argentines are concerned about the erosion of checks and balances in your own country, it is doubtful you can ever hope to fathom how a constitutional monarchy that operates using conventions works.

    So I'd suggest you don't even try. No matter how intelligent you claim you might be.

    I'd laugh but I have to go feed my pig and get him ready to fly to work tomorrow morning.

    Jun 10th, 2013 - 10:20 am - Link - Report abuse 0
  • John III (Pope)

    @33
    As a fact I am a Chinese criticising Australian “democracy”. We can do that because as you may know Australia is a wholely owned subsidiary of the PRC.

    By the way we will be placing you into recession next year. I hope you will not be too inconvenienced.

    Have a nice day.

    Jun 11th, 2013 - 05:58 am - Link - Report abuse 0
  • Anglotino

    Oh God here we go again.... ahem...

    So John III (Pope), you are “a” Chinese? Sure you aren't just Chinese?

    Anyway I'll play along. So a Chinese person decided to highlight Australia's lack of democracy because of how our executive is structured?

    Mate, have you actually looked at your own government? PMSL You think Australia has a democracy deficit?

    Next thing you know, you shall be lecturing me on self determination.
    Perhaps you should start instructing me on freedom of speech.
    Or shall we discuss censorship instead.

    That is if you were Chinese.

    As for the rest of your extremely uninformed comment, thank you for this opportunity.

    “We can do that because as you may know Australia is a wholely owned subsidiary of the PRC.”

    Really? How do you come to that conclusion? I'm guessing it comes from a shallow and simplistic understanding of Australia. So I'll just throw a few facts at you.

    FDI stock in Australia:
    US, UK, Japan = A$272 billion = 50%
    China = A$17 billion = 3% = ranked 9th
    Hardly owning us now!

    Trade:
    China 26% of total exports but only 15% imports. A trade surplus of A$38 billion per year! Ouch! Still not as high as Japan once was.
    Surely it would be the end of our economy if all that trade disappeared.... but hang on a minute....

    Surely it's all about the mining? Yeah I guess so, comprising a whole 10% of our economy, it is a wonder how we would survive without it.

    “By the way we will be placing you into recession next year. I hope you will not be too inconvenienced.”
    So what? We go into a recession. A recession every now and again is good for an economy, helps to clear out the cobwebs and rectify imbalances. After 21 years of growth we eventually have to have one.

    However, how bad would things have to be in China for its imports to drop so hard and fast to cause a recession in Australia?

    We might have a recession, but is China ready for one?

    Or worse? Revolution? Can't break that growth pact with the people.

    Chinese? Really can't argue either

    Jun 11th, 2013 - 10:52 am - Link - Report abuse 0
  • John III (Pope)

    @35
    Good - I see that you are resigned to recession. No problems then.

    What you need to remember is that democracy is your fetish not ours.

    Jun 12th, 2013 - 06:00 am - Link - Report abuse 0
  • Anglotino

    Your revolution will be worse.

    If you were A Chinese that is.

    Jun 12th, 2013 - 10:47 am - Link - Report abuse 0
  • John III (Pope)

    @37
    We are already living our revolution.

    Jun 13th, 2013 - 06:50 am - Link - Report abuse 0

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