MercoPress https://en.mercopress.com/ South Atlantic News Agency en Copyright 2026, MercoPress. https://en.mercopress.com/web/img/en/mercopress-logo.gif MercoPress http://en.mercopress.com/ <![CDATA[Falklands government extends all offshore oil licences for five years]]> The PL001 licence was due to expire on December 31 this year, and its partners had been negotiating an extension with the archipelago's government since early 2026 The Falkland Islands Government announced on Monday the extension of all existing offshore hydrocarbons production licences, for an initial period of five years with a further two optional years at its discretion, and said the decision has “the full support of the UK Government”.

]]> Mon, 21 Sep 2026 12:54:00 GMT <![CDATA[British columnist proposes London take half of Falklands oil revenues]]> The column describes the Argentine campaign in terms of bullying and calls the sovereignty claim spurious A column published on Saturday in the British newspaper The Telegraph proposed that the UK Treasury take half of the tax revenues generated by the Falklands oil industry, in exchange for increased defense spending in the South Atlantic and a diplomatic push against Argentina.

]]> Sun, 20 Sep 2026 00:25:00 GMT <![CDATA[Falklands, Rockhopper raises US$ 20 million in fresh funds to fund Sea Lion project]]> Sam Moody, CEO of Rockhopper commented: “We’re delighted with the results of the Open Offer and very grateful for the continuing support of our shareholders”. Rockhopper Exploration has completed a plan to raise fresh funds from shareholders, expecting to bring in around US$200 million to fund its investment in the Sea Lion prospect in the Falklands. The AIM-listed firm announced the results of its open offer to shareholders on Wednesday, which raised total gross proceeds of around US$ 20m.

]]> Thu, 17 Sep 2026 17:23:00 GMT <![CDATA[Argentina claims Chile is committed to no logistic support for Falklands’ oil industry]]> Presidents Milei and Kast met in Government House, Chile 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”.

]]> Thu, 10 Sep 2026 08:25:00 GMT <![CDATA[Brent climbs back above US$100 to its highest level since late July]]> The market is also operating on thin margins 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.

]]> Wed, 09 Sep 2026 08:51:00 GMT <![CDATA[Argentina files criminal complaint against Navitas over Falklands; firm silent, shares slide]]> Navitas did not respond to the complaint. Following President Milei's initial announcement, the company said it did not expect those remarks to have a material effect on the project's development 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.

]]> Wed, 09 Sep 2026 08:06:00 GMT <![CDATA[Rockhopper and Navitas shares fall as operators defend Sea Lion timetable]]> ”The partnership operates pursuant to valid petroleum licences lawfully granted to it by the government of the Falkland Islands, a self-governing UK Overseas Territory 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.

]]> Fri, 04 Sep 2026 23:30:00 GMT <![CDATA[Milei announces sanctions against oil firms operating off the Falklands without Argentine approval]]> Milei said he would sign a decree that same night to “speed up the sanctions procedures” against those involved in oil extraction in what he called “Argentine territory under British occupation” 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.

]]> Fri, 04 Sep 2026 07:21:00 GMT <![CDATA[Investment banks warn the Venezuela deal will not bring down fuel prices]]> UBS argues that Venezuelan output will take years to recover and that the impact on prices will be limited in the short term 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.

]]> Thu, 03 Sep 2026 08:41:00 GMT <![CDATA[The Venezuelan oil concession goes to Alejandro Betancourt's firm, under investigation in Europe]]> Betancourt said in a statement that Venezuela is “blessed with an abundance of natural resources, hardworking people and untapped potential,” and thanked Trump and Rodríguez 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.

]]> Tue, 01 Sep 2026 09:23:00 GMT