AGP Executive Report
Last update: 9 hours agoSea Lion Dispute: Argentina has asked the International Tribunal for the Law of the Sea to halt offshore oil development near the Falklands while arbitration proceeds. The UK says the application does not invalidate island-issued licences or require work to stop, and plans to use trading-protection laws to shield businesses from Argentine measures. Project Progress: Rockhopper has agreed to take a 35% stake in the FPSO vessel planned for Sea Lion’s central development. The partners are targeting first oil in 2028, but Halliburton and Baker Hughes have withdrawn; operator Navitas says it is seeking replacements. Business Risks: Argentina has reportedly sought Interpol red notices for people linked to the project. No notices are confirmed as issued, but the islands’ government says the requests could create travel risks for workers.
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