
A new round of Falkland Islands oil exploration began this week when London AIM listed Borders & Southern Petroleum plc announced that their first exploration well, located approximately 140 kilometres south of the Islands, was spudded on 31st January 2012.

Brazil reiterated its support for Argentina’s Malvinas Islands sovereignty claim and insisted that solving the controversy with the UK is ‘most important’ for South America’s stability. It also pointed out that it’s not correct to talk about “a blockade”.

Argentina condemned the announcement of the arrival of state of the art HMS Dauntless, a British warship, to the Falklands/Malvinas Islands and urged the UK to “avoid falling in the temptation of engaging in discourse that transforms patriotism in bullying patriotism.”

The government has ruled out bringing in a UK law to ensure the Falkland Islands' right to remain British. Tory MP Guy Opperman said legislation would show support for the unambiguous right to self-determination.

The UK press reports that the Royal Navy is to send one of its most powerful warships to the Falkland Islands as tensions rise with Argentina over the disputed territory.

A paper relating to further work on options for the proposed new port facility for the Falkland Islands was presented to the latest Executive Council Meeting by the Falkland Islands Government Projects Director.

European Union ambassador in Buenos Aires Alfonso Diez Torres said that the Falklands/Malvinas issue does not figure in the foreign affairs agenda of the EU, it’s a bilateral issue and he does not see any reason to amend the Lisbon treaty to exclude the disputed South Atlantic Islands as demanded by Argentina.

Last Friday it was announced that Keith Padgett, Financial Director for the Falkland Islands Government, has been appointed interim Chief Executive of the Islands until a replacement is appointed for outgoing CE, Tim Thorogood.

The Argentina press announced on Sunday the construction of an airport in the middle of the Atlantic Island of St Helena, a British Overseas Territory and which would become a crucial hopping point for the Falklands/UK air bridge.

The British government acknowledged on Friday the naming of the new Argentine ambassador to the United Kingdom, and stated that they hoped the coverage of the long-vacant position will permit “the strengthening of cooperation” between the two countries.