An article in World Oil by Laura Hurst refers to the term “stranded assets” and mentions the case of the Falkland Islands oil industry: the discovery a decade ago of as much as 1,7 billion barrels of crude offshore the British Overseas Territory, and rather than the next frontier, the project to extract energy risks being added to a list of what companies call “stranded assets” that could cost them huge sums to mothball.
A recent study has found that unregulated longline fishing for Patagonian Toothfish immediately outside the 200-mile Falkland Islands Outer Conservation Zone (FOCZ) is likely to be having significant impacts on deepwater seabed vulnerable marine ecosystems compared to the low impacts observed in licensed longline fisheries within Falklands' waters.
Falklands Day is the celebration of the first sighting of the Falkland Islands by John Davis in 1592 and is commemorated on 14 August. It was once seen as the National Day of the Falklands but has largely been replaced by Liberation Day which commemorates the end of the Falklands War.
Scientists from Aberdeen University will travel to the Falkland Islands as part of a £230,000 research project to help prevent peatland fires. The project will use various techniques to study how the frequency, extent and intensity of burning affects the ability of peat land environments to store carbon. The news was announced by north Scotland daily The Press and Journal.
The newly formed Falkland Islands National Sports Council (NSC) has revealed its new logo, designed by Tony Ellis of Tonedog Graphic Design. The front ‘wings’ represent the freedom and movement of sport and are also symbolic of a winner’s ribbon that the penguin is passing through, head raised in proud accomplishment.
The Kingdom of Bahrain has purchased the former UK Royal Navy patrol vessel HMS Clyde (P257), the country’s defense ministry announced. HMS Clyde was the Falkland Islands patrol vessel until replaced by the recent arrival of HMS Forth.
The Falkland Islands elected Government on Monday publicly expressed its disappointment with the Argentine government regarding its determined intent to escalate their sovereignty claim over the Islands and continue harassing the people of the Falklands. In response to that attitude Gilbert House, seat of the government elected by the people of the Falklands, in democratic elections, has made the following release:
The Falkland Islands government, FIG, up to July 6, had paid out £1,016,570 for Covid support measures from the total approved funding of £8.99m. The figure, from a paper presented to the Executive Council does not include the wool clip purchase scheme, which is expected to total around £2.9m.
The Falkland Islands Maritime Authority has been placed under Emergency Services by the Executive Council. Lawmaker MLA Mark Pollard said in a press release that the move aimed to “address the current possibility of there being a conflict of interest between the collecting of fees for fishing licenses and the responsibility to regulate all vessels including the fishing fleet.”
The Falkland Islands Executive Council has agreed to double the yearly quota of permanent residence permits (PRP) to 90. According to a paper published last week, the figure has been set to target a 3% yearly population growth.