Energy & Oil

Thursday, September 10th 2026 - 08:25 UTC
Argentina claims Chile is committed to no logistic support for Falklands’ oil industry

The Argentine government has insisted, following the recent presidential Summit between Javie Milei and Chilean leaded Jose Antonio Kast, that their Andean neighbor will continue to strongly support Argentina’s claim over the Falkland Islands and will render no logistic support related to any hydrocarbons extraction in the Islands”.
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Wednesday, September 9th 2026 - 08:51 UTC
Brent climbs back above US$100 to its highest level since late July

Brent crude for November delivery rose above US$100 a barrel on Wednesday for the first time since late July, in a session shaped by escalating attacks between the United States and Iran and by fears of further supply disruptions in the Middle East.
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Wednesday, September 9th 2026 - 08:06 UTC
Argentina files criminal complaint against Navitas over Falklands; firm silent, shares slide

Argentina's government formally filed a criminal complaint on Tuesday against Israeli oil company Navitas Petroleum and four other firms over hydrocarbon exploration in waters near the Falklands, with the company yet to respond to the accusation and amid a slide in the share prices of those involved.
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Friday, September 4th 2026 - 23:30 UTC
Rockhopper and Navitas shares fall as operators defend Sea Lion timetable

Shares in the two companies developing the Sea Lion field off the Falklands fell on Friday after Argentine President Javier Milei announced he would tighten sanctions on firms operating around the archipelago without authorization from Buenos Aires. Both companies responded with a joint statement saying they do not anticipate any impact on the project's development.
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Friday, September 4th 2026 - 07:21 UTC
Milei announces sanctions against oil firms operating off the Falklands without Argentine approval

Argentine President Javier Milei announced on Thursday, in a televised national address, sanctions against companies taking part in hydrocarbon development off the Falklands without Argentine authorization, along with the construction of a naval base in Tierra del Fuego, at the country's southern tip. The message, recorded at the Casa Rosada alongside his full cabinet, raised tensions with the United Kingdom at a moment when Washington has cast doubt on its traditional neutrality in the dispute.
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Thursday, September 3rd 2026 - 08:41 UTC
Investment banks warn the Venezuela deal will not bring down fuel prices

Leading financial analysis firms have tempered the White House's forecasts on the Venezuelan oil agreement announced by Donald Trump on Friday, which grants a company part-owned by the US government control of seventeen fields holding some 65 billion barrels of reserves for a hundred years.
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Tuesday, September 1st 2026 - 09:23 UTC
The Venezuelan oil concession goes to Alejandro Betancourt's firm, under investigation in Europe

The White House on Monday identified the company that will operate seventeen Venezuelan oil fields for a century in partnership with the US government: North American Blue Energy Partners, owned by Venezuelan businessman Alejandro Betancourt, who is under investigation in Switzerland and Spain over his alleged involvement in a scheme to launder funds from the state oil company PDVSA. There is no conviction against him.
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Monday, August 31st 2026 - 08:47 UTC
Falklands’ oil industry, Rockhopper plans equity raise for second FPSO

Rockhopper Exploration is planning an equity capital raising to fund its share of a second FPSO, (OSX-1), for the Sea Lion oil field development in the Falkland Islands, since operator Navitas Petroleum exercised its option to acquire the vessel for some US$ 125 million with the purpose of further adding production to 125.000 barrels of oil per day.
Monday, August 31st 2026 - 08:40 UTC
British Embassy in Santiago contributes to advance offshore wind development in Chile

The British Embassy in Santiago earlier this month organized an event which brought together government authorities, industry representatives and academia to discuss key findings of the reports and explore next steps for the development of offshore wind development in Chile.
Saturday, August 29th 2026 - 04:58 UTC
The US will control 55% of output from the new oil company in Venezuela

US President Donald Trump announced on Friday an agreement with Venezuela's interim government granting Washington majority control over more than 65 billion barrels of proven Venezuelan crude reserves, around 21% of the country's total. Acting president Delcy Rodríguez confirmed the deal.