
The Falkland Islands Government announced on Monday the extension of all existing offshore hydrocarbons production licences, for an initial period of five years with a further two optional years at its discretion, and said the decision has “the full support of the UK Government”.
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A column published on Saturday in the British newspaper The Telegraph proposed that the UK Treasury take half of the tax revenues generated by the Falklands oil industry, in exchange for increased defense spending in the South Atlantic and a diplomatic push against Argentina.
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Britain's Minister for the Overseas Territories, Uma Kumaran, on Friday described as “unacceptable” and carrying “no legal justification” the proceedings Argentina has opened against companies and individuals linked to economic activity in the Falklands, and said the United Kingdom's diplomatic network fully backs those targeted.
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As is traditional in the Falklands, the Governor and the elected Legislative Assembly extended their congratulations and celebrated with great enthusiasm Chile's Fiestas Patrias, and in particular September 18, Independence Day.
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Argentina's government sent Congress a National Sovereignty Defense Bill on Thursday, presented by President Javier Milei as “a milestone in the process of recovering” the Falklands, a text that toughens penalties for exploiting natural resources in the disputed area and also creates a registry of people linked to terrorism that does not require a prior criminal case.
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Rockhopper Exploration has completed a plan to raise fresh funds from shareholders, expecting to bring in around US$200 million to fund its investment in the Sea Lion prospect in the Falklands. The AIM-listed firm announced the results of its open offer to shareholders on Wednesday, which raised total gross proceeds of around US$ 20m.
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A member of the Falkland Islands Legislative Assembly said the archipelago's current defenses are sufficient, in response to questions raised in Westminster over the maintenance of the armed forces and the equipment deployed in the islands.
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Argentina's foreign ministry expressed its strongest rejection on Tuesday of the guidance the British government published the previous day for companies conducting economic activity in the Falklands, and said it would continue applying its legislation against firms operating hydrocarbons in the area without Argentine authorization.
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Argentina's government said on Tuesday that the integrated naval base it plans in Ushuaia will allow it to monitor and control natural resources and sovereignty in the South Atlantic, and announced it will file further complaints against companies exploring for or extracting hydrocarbons without Argentine authorization in waters near the Falklands.
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In a population of fewer than four thousand, the English of Stanley's streets sits alongside the Spanish of a sizeable Latin American community, the Tagalog of Filipino residents, the Afrikaans of South Africans and the Shona of Zimbabweans. The 2021 census, the most recent available, recorded 86 nationalities in the Falklands, a British overseas territory whose sovereignty Argentina claims.
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