Tag: Rockhopper

• 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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• 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.

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• Thursday, January 4th 2024 - 10:49 UTC

  Falklands Rockhopper set to receive huge sum because of an arbitration with Italy

  

  Falklands oil company, Rockhopper Exploration PLC has agreed with a regulated specialist fund to monetize the arbitration award. The award announced in August 2022 relates to arbitration against Italy involving Ombrina Mare oil field in the Adriatic. (*)

• Monday, March 27th 2023 - 10:11 UTC

  Falklands Sea Lion development offshore could be reached next year, estimates Rockhopper Exploration

  

  A final investment decision for the long-stalled Sea Lion development offshore the Falkland Islands could be reached in 2024, Rockhopper, a partner in the project announced in its site, after Navitas Petroleum, the project operator, presented it with an updated development plan.

• Wednesday, November 2nd 2022 - 10:10 UTC

  Falklands' Rockhopper 200 million Euros award ruling which Italy is working to annul

  

  Falkland Islands-linked Rockhopper Exploration said that Italy was working to annul the August ruling by an arbitration panel under which Italy has to pay 200 million Euros, plus interest, to Rockhopper for breaching its obligations related to the company's Ombrina Mare field in the Adriatic Sea.

• Saturday, October 1st 2022 - 10:50 UTC

  Rockhopper/Navitas plans to develop Falklands' Sea Lion offshore project in late 2023 or 2024

  

  Falklands upstream firm Rockhopper Exploration said a final investment decision (FID) on the Falkland Islands project Sea Lion should be taken by end-2024 the latest. Officials are working on a lower upfront cost project and seeking financing.

• Thursday, August 25th 2022 - 10:03 UTC

  Rockhopper could net £210m compensation from Italian government because of offshore drilling ban

  

  A corporate tribunal has ordered the Italian government to pay more than £210m to the UK/Falklands oil company Rockhopper as compensation for an offshore oil drilling ban. Rockhopper’s case was launched after the Italian government banned oil exploration and production within a 12 mile-limit off Italy’s coast in 2015, scotching the company’s planned Ombrina Mare oilfield.

• Wednesday, February 2nd 2022 - 11:58 UTC

  Falklands' Sea Lion project, Rockhopper, Harbour and Navitas extend heads of terms to 31 March 2022

  

  Rockhopper Exploration, Harbour Energy, and Navitas Petroleum have extended the provisions of their previously signed heads of terms concerning the Sea Lion project offshore the North Falkland Basin. The new deadline is March 31, 2022: the aim is to sign definitive documentation on the transaction by this date. Harbour plans to exit operations offshore the Falklands, leaving the other two partners to take the development forward.

• Thursday, December 9th 2021 - 09:49 UTC

  Fresh air for Falklands' oil industry: Navitas to become operator with Rockhopper, and Harbour exits

  

  Encouraging news for the Falkland Islands budding hydrocarbons industry. Rockhopper Exploration officially announced on Wednesday that it had reached a new agreement with Navitas Petroleum by which its potential farm-in portion of the Sea Lion project increases significantly, while the current holder of the majority share, Harbour Energy exits the undertaking.

• Thursday, September 30th 2021 - 09:08 UTC

  Rockhopper hosting a retail investor meeting on Falklands' oil industry

  

  Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin, confirms it will be hosting a retail investor meeting this Thursday, 30 September 2021.