Tag

Oil Exploration

All articles tagged with #oil exploration

geopolitics25 days ago•1 min saved

Milei Vows Unilateral Action on Falklands Oil, Brands UN 'Useless' in New York

Argentine President Javier Milei delivered a scathing address to the UN General Assembly, declaring the organization 'useless' and warning that Buenos Aires will act unilaterally regarding the Sea Lion oil project near the Falkland Islands. He rejected the principle of self-determination for the islands, citing a 1976 UN resolution, and announced new sanctions against over 60 entities linked to the energy development. While the UK reaffirmed its support for the islands' status, the US remains formally neutral despite recent diplomatic discussions.

via The Guardian|

#argentina-uk-relations #falkland-islands #geopolitics

international-relations26 days ago•1 min saved

Milei Threatens Unilateral Action on Falklands Oil at UN, Condemns Body as 'Useless'

Argentine President Javier Milei accused the UN of ignoring the Falkland Islands sovereignty dispute during a speech at the General Assembly. He warned Argentina may act unilaterally regarding the Sea Lion oil project, which he deems illegal. Milei also launched a broad attack on the UN’s effectiveness, calling it a 'useless organization' filled with 'arrogant parasites.'

via aljazeera.com|

#falkland-islands #international-relations #javier-milei

geopolitics1 month ago

Argentine Court Halts Falklands Oil Drilling as Milei Escalates Sovereignty Push

An Argentine court has suspended the Sea Lion oil project near the Falkland Islands, a move Buenos Aires describes as symbolic but legally binding. President Javier Milei has intensified legal and diplomatic pressure on Britain, citing a potential shift in U.S. neutrality. While the UK rejects Argentine jurisdiction, the dispute has escalated from diplomatic rhetoric to concrete legal and economic sanctions against oil firms.

via Al Jazeera|

#argentina #falkland-islands #geopolitics

geopolitics1 month ago•75 min saved

Argentine court halts Falklands oil project as Milei escalates legal and legislative pressure

An Argentine federal judge has ordered a halt to the Sea Lion oil project near the Falkland Islands, citing environmental risks. This judicial move follows President Javier Milei’s recent escalation of legal and legislative measures, including criminal complaints against Navitas Petroleum and Rockhopper Exploration, and a new bill to strengthen sanctions against companies operating in the disputed waters without Argentine authorization.

via AP News|

#argentina #falkland-islands #geopolitics

geopolitics1 month ago•1 min saved

Milei Threatens Sanctions on Falklands Oil Firms as US Neutrality Wavers

Argentine President Javier Milei has escalated the dispute over the Falkland Islands by threatening economic sanctions against British and Israeli oil firms planning exploration in the Sea Lion oilfield. Milei framed the project as a 'clear and present danger' to Argentina's sovereignty, citing shifting US neutrality under President Trump. While the UK reaffirms the islands' status as a British territory, Argentina has filed a case with an international maritime court to suspend the project, marking a significant diplomatic and legal escalation in the long-standing territorial dispute.

via BBC|

#argentina #falklands #geopolitics

energy2 months ago•6 min saved

Greenland Halts U.S. Drilling Plans After Unpermitted Equipment Move

Greenland Energy’s drilling project in the Jameson Land Basin has been delayed until at least winter 2027 after the territory’s government issued a stern warning for moving equipment without authorization. The Texas-based firm, which partnered with British company 80 Mile, had hoped to begin operations in October 2026. The delay follows a regulatory review triggered by the unauthorized logistics move, which the Greenlandic ministry deemed a violation of approval processes. While analysts estimate the basin could hold up to 13 billion barrels of oil, they describe these figures as highly speculative. The project’s stall coincides with heightened U.S. interest in Arctic resources and ongoing geopolitical tensions regarding Greenland’s sovereignty.

via Yahoo News UK|

#arctic-resources #energy #geopolitics

energybusiness5 months ago•2 min saved

Hormuz disruption to trigger a fundamental shift in global energy

CEOs of major oil and gas firms say the Iran war and the closure of the Strait of Hormuz will drive a global energy rebalancing: governments will prioritize energy security and diversify supplies, investment in oil exploration and production will rise, offshore and deepwater opportunities will expand, and funding for low-carbon options like geothermal and nuclear will continue, with inventories rebuilt and U.S. crude playing a pivotal role as supply remains tighter post-disruption.

via CNBC|

#energy-security #energybusiness #low-carbon-solutions

world8 months ago•3 min saved

Turkey Expands Military Footprint in Somalia Amid Economic Push

Turkey dispatched three F-16 fighters to Mogadishu as part of a broader push to deepen security and economic ties with Somalia, including建设 a facility to host the jets, hangars, and ongoing Turkish flights for parts. Ankara’s plans reportedly include an oil-exploration platform off the Somali coast and a northern Mogadishu spaceport, while Turkey maintains an air command and a large security footprint, trains Somali forces, and continues drone and helicopter deployments amid Al-Shabab threats and shifting regional dynamics.

via middleeasteye.net|

#defense-cooperation #f-16 #oil-exploration

international-relations2 years ago•2 min saved

Venezuela's Maduro Explores Disputed Territory for Oil, Guyanese President Responds

Venezuelan President Nicolas Maduro plans to authorize oil exploration in the disputed territory around the Esequibo river, despite the ongoing territorial dispute with Guyana. This comes after a referendum where voters rejected the International Court of Justice's jurisdiction over the disagreement and supported the creation of a new state in the potential oil-rich region. The ICJ has barred Venezuela from taking any action that changes the status quo in the area. State oil company PDVSA and state iron and steel maker CVG will establish divisions for the disputed region and grant operating licenses for oil, gas, and mining exploration.

via Reuters Canada|

#disputed-territory #guyana #international-relations

energy3 years ago•1 min saved

Lebanon's Block 9: Ready for Oil and Gas Drilling Following Israel Maritime Agreement

Lebanon's Block 9 is set for oil and gas drilling as a drilling rig arrived on Wednesday, marking the start of exploration by a consortium led by France's TotalEnergies. This follows a US-brokered agreement that established a maritime border between Lebanon and Israel, allowing for drilling beyond the border. Lebanon hopes that gas and oil discoveries will help alleviate its severe economic crisis, which has led to a significant devaluation of its currency and rolling blackouts across the country.

via The Jerusalem Post|

#economic-crisis #energy #gas-exploration

energy3 years ago•1 min saved

Frontera's cautious approach to Guyana oil discovery assessment

Frontera Energy and its subsidiary CGX Energy will evaluate the Wei-1 oil well in Guyana over the next two to three months before deciding whether to upgrade their exploration license to the development phase. The companies are analyzing the data obtained from the well to determine the potential of the block. Frontera's previous well in Guyana, Kawa-1, discovered light oil and gas condensate. The joint venture expressed excitement over the presence of oil in the Maastrichtian and Campanian areas of its exploration territory. Frontera posted a net income of $80.2 million in the second quarter, with capital expenditures of $154.9 million, including investments in Guyana.

via Reuters|

#cgx-energy #development-phase #energy

environment3 years ago•1 min saved

"Protesters, Governments, and Indigenous Activists Unite to Protect Amazon's Future"

Environmental protesters gathered outside a convention center in Brazil to oppose plans by state-run oil company Petrobras to drill for oil at the mouth of the Amazon river. Petrobras has appealed against a decision by Brazil's environmental protection agency, Ibama, to deny permission for drilling, citing a lack of environmental assessment. The company holds exploration rights in a deepwater area south of where Suriname and foreign companies have discovered significant oil reserves. Brazil's Environment Minister stated that Ibama will impartially study Petrobras' new request, while President Luiz Inacio Lula da Silva said a decision on exploration in the area would be made soon.

via Reuters|

#amazon #environment #environmental-protest

business3 years ago•2 min saved

Ovintiv Closes in on $4 Billion Permian Oil Acquisition.

Ovintiv is close to acquiring oil exploration and production assets in the Permian Basin from EnCap Investments for about $4 billion, including debt. The deal will boost the percentage of Ovintiv's production coming from oil, at a time of low natural gas prices. The assets being bought are located in the Midland portion of the Permian in Texas and are currently owned by three companies controlled by EnCap: Black Swan Oil & Gas, Piedra Resources, and PetroLegacy II.

via Reuters.com|

#acquisition #business #encap-investments