Navitas Petroleum

Argentine presidential advisor Santiago Caputo argued that Argentina must reclaim the Falkland Islands, claiming Britain is facing Islamic colonization. The remarks coincide with a fierce oil dispute involving an Israeli-British drilling project.

Navitas Petroleum is replacing contractors who withdrew from its flagship Sea Lion oil project near the Falkland Islands following threats of sanctions from Argentine President Javier Milei.

The Sea Lion oil project led by Israeli firm Navitas Petroleum in the Falkland Islands has reignited tensions as Argentine President Javier Milei threatens legal action, exposing a mix of territorial disputes and billions in energy investments.

Argentine President Javier Milei announced sanctions against companies extracting oil near the Falkland Islands. The list of 45 entities includes Israel's Navitas Petroleum and its major institutional shareholders.

Navitas Petroleum concluded the first half of 2026 with a sharp rise in activity following the launch of the Shenandoah project. The partnership recorded revenues of 517.2 million dollars and a net profit of 80.4 million dollars.

Navitas Petroleum is expanding its operations in the Gulf of Mexico, acquiring a 33.33% stake in the Tiberius and Logan oil and gas fields from Kosmos and Occidental. The deal focuses on financing future development projects.