Tag: FIG

• Tuesday, August 11th 2015 - 07:32 UTC

  Falklands' GDP dropped in 2013 because of lesser oil and gas activity

  

  The Falkland Islands Gross Domestic Product (GDP) dropped in 2013 primarily due to lesser oil activity according to a recent Executive Council paper that included updated figures from the FIG Economist Commenting on the paper, according to a report from the latest edition of the Penguin News.

• Friday, June 12th 2015 - 05:36 UTC

  Falkland Islands names US citizen in top job as Head of Policy

  

  The Falkland Islands Government announced the appointment of John Shea as the new Head of Policy. Mr. Shea comes to the Islands from the United States, where he has served as President and Chief Executive Officer of the Sino-American Business Consortium, LLC.

• Friday, October 26th 2012 - 20:25 UTC

  Falklands estimates oil earnings at 25% of gross value of the resource extracted

  

  The Falkland Islands Government (FIG) is likely to earn somewhere in the region of 25 to 30% of the gross value of the oil resource spread over an expected field life of 25 years, it was stated at a public meeting in the capital Stanley earlier this week.

• Friday, October 26th 2012 - 07:11 UTC

  Believe it or not: Falklands, a nation with a comfortable budget surplus

  

  The Falkland Islands Government accounts showed a surplus of £4.297 million compared to a revised budget surplus of £2.448 million (a positive performance of £3.190 million) for the first three months of the 2012/13 financial year, according to the Financial Management Report presented this week to the Standing Finance Committee.

• Friday, October 26th 2012 - 07:06 UTC

  Falklands to build a new deep-water port to cater for the oil and gas industry

  

  The Falkland Islands will have a new deep-water port facility capable of meeting the demands of all incumbent industries it was announced following this week's meeting of Executive Council (ExCo).

• Thursday, October 25th 2012 - 18:18 UTC

  Falklands Oil & Gas complete farm-out deal with US Noble Energy; drilling delay

  

  Falkland Oil and Gas Ltd., (FOGL), announced completion of the farm-out agreement with Noble Energy Falklands Limited, an affiliate of Houston based Noble Energy, Inc. and the signing of agreements with Petroleum Geo-Services (PGS) for the acquisition and processing of two new 3D seismic surveys.

• Wednesday, October 10th 2012 - 19:33 UTC

  BAS merger plan triggers debate; fears of ‘diminished’ British presence in Southern Ocean

  

  UK government plans to merge the British Antarctic Survey with the National Oceanography Centre have triggered global debate among scientists and politicians with former US Vice-president Al Gore wading into the discussion and fears in the Falkland Islands of a diminished “British presence” in the region.

• Tuesday, October 2nd 2012 - 22:23 UTC

  Falklands names new Director of Health and Social Services

  

  The Falkland Islands Government announced the appointment of David Jenkins to the post of Director of Health and Social Services. David, the current Director of Health and Education, will take up his new role with effect from January 2013 following a restructure which will see Education form a separate Directorate.

• Thursday, September 27th 2012 - 18:24 UTC

  Falklands will have faster and cheaper broadband packages

  

  The Falkland Islands Government (FIG) have announced a new price control mechanism to regulate the prices of regulated retail services provided by Cable & Wireless South Atlantic under their exclusive licence to the general public and businesses in the Falklands

• Tuesday, September 25th 2012 - 23:56 UTC

  FOGL spuds the second well of its exploration program to the east of Falklands

  

  Falkland Oil and Gas, FOGL, announced on Tuesday that last 25 September it spudded the Scotia exploration well to the East of the Falkland Islands. The well FI 31/12-01 is located 315 km east-northeast of the Islands capital Stanley, and 114 km from the Loligo prospect.