Falkland Islands

• Tuesday, February 16th 2016 - 20:41 UTC

  Utterly Committed to Self-Determination; British MPs visit the Falklands.

  

  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.

• Tuesday, February 16th 2016 - 15:16 UTC

  Argentina rejoins the real world

  

  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.

• Tuesday, February 16th 2016 - 08:42 UTC

  Ocean Rig determined to collect 'termination fee' from Falklands' Premier Oil

  

  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”.

• Tuesday, February 16th 2016 - 07:37 UTC

  Noble Energy cancels drilling in Falklands, following termination of rig contract

  

  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.

• Monday, February 15th 2016 - 06:55 UTC

  Four Argentines plan to swim the Falklands' Sound on an “identity cause”

  

  Four Argentine amateur swimmers have been training for over a year preparing for the crossing of the Falklands' Sound which separates the two main islands, West from East Falkland. The purpose of the crossing is to bring attention on the 'delayed' process of identifying the remains of Argentine soldiers buried in the Falklands under a headstone that reads “Argentine soldier, known only to God”.

• Monday, February 15th 2016 - 05:57 UTC

  Falklands' visit by Defense secretary Fallon “while parliament is in recess”

  

  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.

• Sunday, February 14th 2016 - 23:29 UTC

  Illex 2016 Fishing Season begins in Falkland’s Waters.

  

  Fishing for Illex squid in Falkland’s water took off on Sunday, as the 2016 fishing season opens. A total of 105 fishing licenses have been issued. The number of licenses issued has remained consistent for the past three seasons.

• Friday, February 12th 2016 - 18:47 UTC

  Falklands' (oil exploration) “has been a hugely successful campaign”, says Rockhopper

  

  Rockhopper Exploration which has a joint venture agreement with Premier Oil offshore the Falkland Islands, described the oil exploration campaign now terminated as a 'huge success' and underlines the postponement of the Chatham well drilling will have no impact on the Field Development Plan for the Sea Lion oil discovery development.

• Friday, February 12th 2016 - 18:14 UTC

  Falklands' exploratory campaign ended, following termination of ocean rig contract

  

  The Falkland Islands government and Premier Oil have announced on Friday the ocean rig 'Eirik Raude' contract termination, which in practical terms puts an end to the current exploratory campaign and the scheduled drilling of the Chatham well. Nevertheless both sides underlined the success of the now terminated campaign with the oil discoveries at the Zebedee and Isobel Deep prospects in the North Falkland basin and look forward to continue working in the near future.

• Friday, February 12th 2016 - 06:15 UTC

  Falklands' oil industry development continues despite slump in crude prices

  

  Rockhopper Exploration flagship project, offshore the Falkland Islands the Sea Lion oil field development, continues to advance despite the recent slump in crude prices.