AGP Executive Report
Last update: 7 hours agoFisheries Update: The Falkland Islands Fisheries Department has closed the second Loligo squid season just three days after reopening it, citing low biomass found in catch data and two days of exploratory fishing, with officials already looking at what can be trialled ahead of the 2027 season. Aviation & FIGAS: Britten-Norman has started ground testing the first fully UK-built Islander (BN2B-26) at Bembridge, with first flight targeted for September and delivery to the Falkland Islands Government Air Service after flight testing and customer prep. Oil & Gas Finance: Rockhopper is pressing ahead with funding for Sea Lion, aiming to raise about $200m via a share placing/open offer, while also announcing a separate £132.4m placing to support its Falklands work. Sea Lion FPSO Move: Navitas has exercised an option to buy the long-unloved OSX-1 FPSO for about $125m, positioning Sea Lion for faster development and higher output capacity. Local Debate: A mega salmon farming proposal is sparking controversy in the Falklands, with residents pushing for a referendum over jobs and investment versus environmental risks.
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