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MercoPress, en Español

Montevideo, June 15th 2026 - 08:36 UTC

Tag: Rockhopper Exploration

  • Friday, June 5th 2026 - 07:08 UTC

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

    The Sea Lion field, north of the archipelago, is operated by Navitas, which holds 65% of the project, while Rockhopper, which discovered it, retains 35%

    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, April 3rd 2026 - 04:46 UTC

    What did Milei say about Falklands oil and why does it matter for Sea Lion?

    “We act with determination against unilateral and illegitimate activities that seek to exploit resources belonging to the Argentine people,” the president said

    Argentine President Javier Milei warned Thursday that his government “will respond with all necessary diplomatic measures” to protect the country's interests in the face of the advancing Sea Lion oil project, operated by Rockhopper Exploration and Navitas Petroleum in the North Falklands Basin. The remarks, delivered during the ceremony marking the 44th anniversary of the war, represent the Milei government's firmest stance yet on a project that has just cleared a decisive financial milestone.

  • Thursday, April 2nd 2026 - 21:01 UTC

    Milei reaffirms Falklands sovereignty, warns oil firms and vows to rebuild the armed forces

    In a pointed warning, Milei addressed the final investment decision announced by Rockhopper Exploration and Navitas Petroleum for the Sea Lion field in the North Falklands Basin

    Argentine President Javier Milei on Thursday reaffirmed his country's sovereignty claim over the Falklands Islands, warned of a diplomatic response to British oil exploration in the area, and announced that 10% of fiscal revenue from privatizations will be allocated to purchasing weapons and equipment for the armed forces.

  • Tuesday, January 13th 2026 - 10:59 UTC

    Argentina halts Jerusalem Embassy move amid Falklands oil drilling dispute

    Milei first announced his intention to move the diplomatic HQ from Tel Aviv to Jerusalem during a visit to Israel in Feb. 2024 and reiterated that he was looking to inaugurate it in the spring

    Argentina has reportedly put on hold its plan to relocate its embassy in Israel to Jerusalem after diplomatic friction linked to offshore oil drilling near the Falkland Islands, Israeli broadcaster Channel 12 reported over the weekend.

  • Tuesday, September 30th 2025 - 10:11 UTC

    Falklands, growing hydrocarbons oil activity and funding for the Sea Lion oil project

    The first phase of the Sea Lion project is targeting 170 million barrels of oil via the redeploying floating production, storage and offloading vessel Aoka Mizu.

    Rockhopper Exploration half year results indicate that the UK oil and gas company is more hopeful than ever that a final investment decision will come this year on the Sea Lion oil project in the Falkland Islands, after it secured a successful capital raise of up to US$ 140 milliom. Rockhopper holds a 35% interest in the project with the Israeli operator Navitas Petroleum holding the remaining 65%.

  • Tuesday, July 8th 2025 - 06:46 UTC

    Rockhopper expects €31m from an arbitration dispute with Italian government

    Rockhopper has been locked in the wrangle since 2016 when the Italian government imposed restrictions on offshore oil and gas operations within 12 miles of its coast.

    AIM Oil and gas exploration company Rockhopper Exploration said it was confident it would receive a €31m (£26.8m) insurance payment in a long-running dispute linked to restrictions on its operations off the coast of Italy.

  • Wednesday, March 26th 2025 - 05:40 UTC

    Falklands Sea Lion oil development FID expected by midyear, Rockhopper reports

    Rockhopper intends to commission its own Independent Resource Evaluation which will be published later this year.

    A final investment decision (FID) for the Sea Lion development offshore the Falkland Islands could be reached in mid-2025, according to Rockhopper, which is partner in the project with the operator Navitas Petroleum from Israel.

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

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

    “The combination of the insurance policy and transaction with Zodiac allows us to refocus the Company on Sea Lion,” said CEO Samuel Moody (Pic Rockhoper Exploration)

    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, January 23rd 2024 - 17:31 UTC

    Promising update for Sea Lion development and Falklands' oil industry

    According to the 2024 NSAI Independent Report, the certified gross 2C resources in the overall NFB have increased from 712 MMbbls to 791 MMbbls.

    Rockhopper Exploration PLC has released a corporate update in which it refers to the recent release published by Navitas Petroleum LP on the Sea Lion development in the North Falkland basin. The release includes an updated development plan to align with their static and dynamic reservoir models, resulting in the increase in certified resources in an updated NFB independent resource report conducted by Netherland Sewell & Associates on behalf of Navitas.

  • Thursday, December 1st 2022 - 10:32 UTC

    Rockhopper Exploration South Falkland Basin licenses extended for two years

    Samuel Moody, Rockhopper's CEO said the extension will enable the company to progress understanding of “prospective licenses in the south of the Falklands”.

    Rockhopper Exploration oil and gas company which last year agreed to jointly develop the Sea Lion project at the North Falkland Basin with Israel's Navitas as leading financer and operator, announced that following discussions, the Falkland Islands Government had agreed to extend the company's licenses at the South Falkland Basin.

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