Oil companies Noble Energy and Edison have decided to relinquish their stakes in the PL001 offshore license in the Falkland Islands according to Offshore Energy Today. Argos Resources had held a 100% in the PL001 block before the two companies’ farm-in back in 2015. Argos’ shares fell 30% following the announcement.
The latest report from Global Data, FPSO Industry Outlook, suggests that a total of 74 planned and announced floating production, storage, and offloading units (FPSOs) are expected to start operations globally by 2025. Globally, South America leads with 32 planned and announced FPSO additions by 2025, including four in the Falkland Islands, followed by Africa and Europe with 17 and seven FPSOs, respectively.
The Falkland Islands are under “continuous” threat from Argentina but is very capable of being able to defend itself, Member of the Legislative Assembly, Mark Pollard told Darren Hunt from the Express at the Conservative party conference in Birmingham.
Argentina's Human Rights Secretary announced on Tuesday the full name of the 100th combatant fallen during the 1982 South Atlantic conflict and whose remains are buried at the Argentine military cemetery in the Falkland Islands, where for over 36 years they remained unidentified with only a white cross and a black marble tombstone reading, “Argentine soldier, only known to God”.
The remains of two more Argentine conscripts who lost their lives during the 1982 South Atlantic conflict and are buried at the Argentine military cemetery in the Falkland Islands have been identified, according to the Human Rights Secretariat Office in Buenos Aires. This brings the total number of identified soldiers, previously only marked as “Argentine soldier, only known to God”, to 99.
The Executive Council of the Falkland Islands discussed a proposal to consider salmon farming in the Falklands. The proposal sought authorisation for Government officers to negotiate a Letter of Intent with the Danish company, Pisco ApS, to evaluate whether conditions in the Islands would be adequate to support the development of salmon fish farming.
The Falkland Islands Government is attending and exhibiting at both the Conservative and Labour Party conferences, to represent Falkland Islanders’ views and to thank delegates for their continued support. This includes both Gov-ernment and Opposition politicians, along with the wider general public.
President Mauricio Macri reaffirmed, once again, “Argentina's legitimate and imprescriptible sovereign rights over the Malvinas, South Georgia and South Sandwich Islands and their surrounding maritime spaces”, in his speech to the United Nations General Assembly on Tuesday.
Offshore oil & gas exploration company Borders & Southern Petroleum PLC on Tuesday said its loss widened in the first half of the year on finance expense and announced that a farm-out process was active and ongoing.
The Falkland Islands Historic Dockyard Museum has won a Traveler’s Choice Award after being voted in the top 25 museums in South America for 2018.