The Falkland Islands Legislative Assembly received on Tuesday the Appropriation Bill which allows for expenditure of £61.4M pounds in the fiscal year 2015/16, supported by revenues of £56.9M and a projected £4.9M from oil and gas exploration, thus completing another surplus year.
Falkland Islands are implementing the 'local content register' the process by which companies can be recognized as local and thus become suppliers for the oil and gas sector, which is expected to continue advancing following the current round of drilling and successful discovery announcements. A first company already registered last 7 April.
The Falkland Islands maintain strong regulatory oversight on all oil and gas operations and its offshore safety regime is based on the North Sea’s Safety Case regulatory structure, recognized as one of the highest standards in the world, said the Falklands' government in a release following concerns related to technical issues on the rig Eirik Raude, currently operating in the South Atlantic.
The elected government of the Falkland Islands (FIG) has not received any formal request from Argentina or the International Red Cross, ICRC to exhume and identify Argentine soldiers buried at Darwin, according to the last edition of Penguin News, the Falklands' weekly.
Oil explorers drilling in the waters north of the Falkland Islands have suspended work on the second well of their 2015 current six-well drilling campaign after a technical problem, two of the companies involved said on Friday.
The Falkland Islands government will be holding this week a reception for the team involved in the world's largest attempted rodent eradication project, in windy South Georgia, which completed the current baiting phase at the end of March.
The Argentine government on Tuesday sued several energy and support companies that are drilling for oil near the Falkland Islands, the latest chapter of a longstanding dispute over the South Atlantic archipelago, though analysts say it will have little practical effect. The criminal case was filed in Rio Grande, Tierra del Fuego province which according to the Argentine constitution includes the Falklands and Antarctica.
The Falkland Islands government (FIG) announced it has extended the public consultation period for the Oil & Gas Social Effects Monitoring Program, which was originally intended to end this week. The new deadline is Friday 24 April.
Falkland Islands former minefields that have been cleared by BACTEC International’s (*) deminers are, “cleared to a higher quality than the areas that are outside the fences,” assured Project Manager Julius Unsing, speaking to Penguin News this week.
On Tuesday 21 April the Falkland Islands will be holding a parade to celebrate the birthday of Queen Elizabeth. Contingents from the Royal Navy, Army, Royal Air Force and the Falklands' Defense Force will form at Stanley's Victory Green, reports Gilbert House, seat of the Falklands' elected Legislative Assembly.