THE Falklands private sector is set to benefit financially from the next oil drilling round scheduled to begin early in February.
Medals belonging to a Falklands war veteran who wanted the cash because his injuries prevented him working have fetched a record £70,000 at auction. Captain Ian Bailey of Ash Vale, Surrey, was awarded the Military Medal for his part in an attack on two Argentine positions on Mount Longdon, in 1982.
Under the headline of “Falkland Islands oil reserves 'to help British economy'” the Telegraph points out that four British oil companies are exploring to the north and south of the Islands and that the British financial sector is pouring “around £ 327 million into the offshore projects”.
An investigation has been launched after minor damage was found on two UK Royal Air Force aircraft shortly after they had completed an in-flight refuelling sortie near the Falkland Islands.
Services group Falkland Islands Holdings has reduced its stake in Falkland Oil and Gas Ltd, the oil and gas exploration company focused on licence areas to the South and East of the Falkland Islands.
Chief Superintendent Gary Finchett, Northern Area Commander of Cheshire Police in the United Kingdom will be taking up the post of the Falkland Islands Director of Community Safety on 11 January.
Falkland Oil & Gas Ltd. and Explorers Borders & Southern Petroleum are set to boost their coffers via share sales, with the cash earmarked for drilling work off the Falkland Islands, reports Upstreamonline. Oil rig “Ocean Guardian” left Scotland.
A tug boat is to haul a North Sea oil and gas exploration rig from a Highlands deep water port on a 62-day journey to the Falkland Islands. The “Ocean Guardian” rig will be used by Desire Petroleum to explore reserves in the North Falkland Basin.
Thirty-three different cruise vessels are scheduled to visit a total of around 215 Falkland Islands destinations in the coming season.
The newly elected Falkland Islands Legislative Assembly announced Monday the portfolio allocations among its new members and on Tuesday will elect three of their number to sit on the Executive Council.