The Falkland Islands Government has welcomed the news of a farm-in agreement between Falkland Oil and Gas Ltd and US based Noble Energy which was announced on Monday and confirms the Falklands as an “excellent investment destination”.
The Chief Executive of Falkland Oil and Gas Ltd, FOGL, has said that its farm out agreement with Texas based US firm Noble Energy is not “politically motivated”, according to a report by the Daily Telegraph.
President Cristina Fernandez government expressed its deep disappointment directly to the State Department following the announcement that the Texan oil company Noble Energy would become involved in hydrocarbons activities in the Falkland Islands.
The July edition of the South Georgia Newsletter has an interesting comment on the recent announcement that the Falklands’ population of black-browed Albatross has seen a healthy increase in the number of breeding birds, information that has been submitted to BirdLife International for use in the Red List assessment process
The July edition of the South Georgia Newsletter recalls a major British military and political event in the South Atlantic has been largely overlooked by the region’s history books. A Royal Navy task force, codenamed Operation Journeyman, was deployed to the waters around South Georgia and the Falklands in 1977 following the occupation of Southern Thule in the South Sandwich Islands by 50 Argentine “scientists”.
London AIM listed Falkland Oil and Gas announced it has reached an agreement to farm out a 35% stake in most of its Falkland Islands’ exploration licenses to the US Noble Energy to help fund its drilling plans off the Islands.
Chile is expecting an increase of 30% in the number of cruise vessels calls this coming season with Puerto Montt and Punta Arenas receiving the most, said the country’s Under Secretary for Tourism Jacqueline Plass.
Falkland Islands port facilities are under assessment given the prospects of oil industry activities in the near future and two options are being considered by the local government: a new port project, and an interim development of the current facilities at FIPASS.
A public debate on the future of the Falkland Islands in the face of income from oil exploitation is required rapidly, according to a Member of the elected Legislative Assembly.
In what is seen as another step of Argentina’s noose-tightening of the Falkland Islands’ economy and development, the Buenos Aires Province Senate passed a law on Thursday banning British flagged vessels from calling at Argentina’s largest province ports.