Tag: Falklands Oil

• Sunday, September 20th 2026 - 00:25 UTC

  British columnist proposes London take half of Falklands oil revenues

  

  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.

• Tuesday, September 15th 2026 - 09:53 UTC

  Milei prepares bill to toughen sanctions on companies operating in the Falklands

  

  Argentine President Javier Milei is preparing legislation this week to toughen sanctions against companies operating in the Falklands, a move analysts say could raise tensions with Britain beyond the oil sector.

• Friday, June 5th 2026 - 07:08 UTC

  Argentina warns it could 'fully exercise all actions' over Falklands oil drilling plans

  

  Argentina's government warned that it could “fully exercise all” available actions over plans to develop an oil field near the Falkland Islands, in a fresh escalation of the sovereignty dispute. The Foreign Ministry declared the plans of Britain's Rockhopper Exploration “unlawful” and described that company and its Israeli partner, Navitas Petroleum, as “clandestine,” after the Sea Lion project moved from exploration into development.

• Friday, December 12th 2025 - 10:50 UTC

  Argentina rejects UK and Israeli oil plans for Malvinas

  

  Argentina's Foreign Ministry on Thursday issued a vigorous rejection of a reported “Final Investment Decision” by British company Rockhopper Exploration Plc and Israel's Navitas Petroleum Development and Production Limited regarding the “Sea Lion” oil field in the North Falkland Basin.

• Wednesday, October 16th 2024 - 08:25 UTC

  Falklands, Rockhopper Exploration disposes of Italian assets to focus on Sea Lion

  

  Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin (“NFB”), has announced it has put in place an insurance policy to cover the event that the Italian Republic succeeds in its attempt to have the Rockhopper Ombrina Mare Arbitration Award annulled and has also signed a share purchase agreement with Zodiac Energy Limited to exit its other Italian assets.

• Tuesday, October 11th 2022 - 10:55 UTC

  Argentina has ten companies in the “bad boys” list for involvement in Falklands oil activities

  

  The Argentine Secretary of Malvinas affairs has included another oil company with interests in the Falklands hydrocarbons industry in the “list of bad boys” for allegedly operating without authorization from Argentina.

• Tuesday, April 12th 2022 - 10:09 UTC

  Falklands oil company shares skyrocket following extension of license

  

  Argos Resources shares surged 23% to 2.4p on news that the Falkland Islands government extended its second term PL001 license. The Falklands Islands-based explorer will not need to commit to any additional work to be granted the license between 1 May 2022 and the year-end.

• Tuesday, October 27th 2020 - 08:41 UTC

  Falklands awards extension of oil licenses until 2022 to Borders & Southern

  

  Oil company Borders & Southern Petroleum said it has been granted an extension to its Falkland Islands licenses.

• Friday, August 28th 2020 - 08:24 UTC

  Rockhopper Exploration sells Ireland's United Oil stake for €3.4m

  

  Rockhopper Exploration has sold its 18.3% stake in Ireland-based United Oil & Gas for US$ 4m (€3.4m). The deal announced tonight concludes United’s reverse takeover earlier this year of Rockhopper’s Egyptian subsidiary and its operations in the Abu Sennan oil field for US$ 15.5m (€13m).

• Tuesday, August 18th 2020 - 15:50 UTC

  Falkland Islands and oil companies new approach to “stranded assets”

  

  An article in World Oil by Laura Hurst refers to the term “stranded assets” and mentions the case of the Falkland Islands oil industry: the discovery a decade ago of as much as 1,7 billion barrels of crude offshore the British Overseas Territory, and rather than the next frontier, the project to extract energy risks being added to a list of what companies call “stranded assets” that could cost them huge sums to mothball.