AGP Executive Report
Last update: 3 hours agoOffshore Oil Rules: The Falklands Executive Council approved regulations requiring offshore operators to maintain oil pollution emergency plans and report oil discharges at sea. The Director of Mineral Resources will serve as competent authority. Marine Infrastructure: Cheshire-based Orange UK Holdings has bought Southbay Civil Engineering, a £40m-turnover contractor whose first overseas project was a major Falklands marine scheme. Its management team stays in place, with backing to pursue further growth. Sea Lion Project: The UK has warned of economic consequences from Argentina’s efforts to halt development of the offshore oilfield, where Rockhopper and Navitas are preparing for production within two years. Argentina has asked an international tribunal to intervene; the field is estimated to hold about 900 million barrels.
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