What Is Sea Lion, the Oil Project in the Malvinas Islands that the Government Rejects
15 Articles
15 Articles
President Javier Milei advanced in national chain that he will take measures to prevent the advance of the initiative led by two foreign companies that seek to develop more than 60 wells 220 kilometers north of the archipelago
The movement was felt. The market reacted after the president of Argentina announced a tightening of sanctions against companies involved in oil exploitation around the Malvinas Islands. Read more
The companies that drive Sea Lion responded to Javier Milei’s message stating that no Argentine measure will alter their plans to start producing oil in 2028. The challenge takes on a greater dimension because Navitas was already declared clandestine and disabled for 20 years by Argentina in 2022. The project mobilizes more than $2,000 [...]
Oil exploitation in the maritime areas surrounding the Malvinas Islands represents one of the most serious events since 1982. We no longer speak of exploration. It prepares for the permanent extraction of non-renewable resources in an area included in a sovereignty dispute recognized by the UN. Sea Lion was discovered in 2010. It has been 16 years. Argentina responded with legislation, sanctions, disqualifications, judicial actions and diplomati…
Israeli Navitas Petroleum and British Rockhopper Exploration push for a progressive investment plan to extract crude oil from the South Atlantic. Ex-combatants and environmentalists filed a lawsuit, while the national executive announced sanctions for the firms involved.
The shares of the oil companies operating near the Malvinas Islands recorded sharp falls in the London market. This Friday, the papers of the British oil company Rockhopper Exploration and the Israeli company Navitas Petroleum, the managers of the Sea Lion project, yielded up to 10%. The red numbers were recorded after the president... The post Following Milei's announcement, the shares of the companies in charge of exploiting Sea Lion dropped t…
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